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Sector Report: Mining

GO WITH GOLD   By Michael Shari   Runaway gold prices are empowering mining companies to finance themselves—and forcing banks to innovate, providing opportunities for investors that are willing to take on more complex risk.   Kinross Gold has sworn off ...

Award Winners

Report And Awards: The Stars Of China

YIN AND YANG   By Thomas Clouse   China continues to sidestep major global economic woes, with its growth rate expected to hover close to 10%. However, the country faces its own unique set of challenges in effectively securing continued ...

The Stars Of China: Banks

By Thomas Clouse BANKS BEST CITY COMMERCIAL Bank of Jiangsu Bank of Jiangsu is reportedly awaiting regulatory approval for its much-anticipated IPO, but the Nanjing-based lender has not let the wait impede its efforts to add innovative products and services. ...

The Stars Of China: Companies

By Thomas Clouse COMPANIES AUTOMOBILES Chery International After years of torrid growth, China’s automobile market slowed significantly this year, with light vehicle sales up only 5% year-on-year in the first eight months, according to figures from J.D. Power. Chery International, ...

World’s Best Banks Awards Ceremony

AWARDS CEREMONY: LOCATION WASHINGTON DC   Global Finance held its annual best banks awards ceremony at Washington’s National Press Club on September 26.   The event happened during the annual meetings of the IMF and World Bank. Over 200 financial ...

Emerging Markets Roundup

DR News: Indian GDRs Suffered In 2010

EMERGING MARKETS INVESTOR: DR NEWS   By Gordon Platt   Investors lost money in 85% of the 40 global depositary receipts (GDRs) issued by Indian companies in 2010, according to an analysis by Crisil Research, a credit rating firm majority-owned ...

EM News: EM Corporate Debt Offers Yield

EMERGING MARKETS INVESTOR: NEWS   By Gordon Platt   Investors are showing increasing interest in emerging markets’ corporate bonds, which offer diversification and better yields, according to a report by Bank of America Merrill Lynch.   The firm held an ...

Emerging Markets Roundup: Africa

BOOSTING SME AGRICULTURE INVESTMENT   By Antonio Guerrero   The United States Agency for International Development (USAID) has partnered with several non-profit organizations to launch the African Agricultural Capital Fund (AACF).   New fund will stimulate agriculture sector The fund ...

Emerging Markets Roundup: Brazil

NEW OIL FIELDS TO ATTRACT BIG INVESTMENT   By Antonio Guerrero   Brazilian authorities remain optimistic that they will be able to sign an agreement with Taiwanese manufacturer Foxconn Technology, the world’s largest contract electronics producer, for a $12 billion ...

Emerging Markets Roundup: China

CHINESE FIRMS HEAD FOR GLOBAL EXPANSION   By Thomas Clouse   Several Chinese companies have picked up assets in overseas markets in recent weeks, with energy and raw material industries leading the way.   Tiangong-1 on the launch pad In ...

Emerging Markets Roundup: India

DECLINING SALES HIT INDIAN AUTO INDUSTRY   By Aaron Chaze   The Society of Indian Automobile Manufacturers (SIAM) has significantly lowered the growth forecast for car sales in the domestic market for fiscal 2012 from between 10% and 12% to ...

Emerging Markets Roundup: Middle East

DUBAI’S NEW BUSINESS LAW COULD STIMULATE INVESTMENT   By Gordon Platt   A new law governing corporate activity in the UAE should cut red tape for investors and make it easier for companies operating in the emirate’s free zones to ...

Company To Watch: Alfa / Mexico

ALFA GROUP GROWS THROUGH ACQUISITIONS   By Gordon Platt   Monterrey-based Alfa, one of Mexico’s largest industrial groups, has four business lines, comprising petrochemicals, aluminum auto parts, processed food and telecommunications.   Earlier this year it became the sole shareholder ...

Global Salon

Global Finance Salon

POLITICAL STALEMATE CRIPPLES BOTH US AND EUROPE   By Vanessa Drucker   In the first of a new ongoing series, Global Finance sits down with Jason Trennert, managing partner and chief investment strategist at Strategas Research Partners.   Trennert, Strategas ...

Supplements

FX Supplement: Who’s Who In Foreign Exchange

WHO’S WHO   By Gordon Platt   Who’s who in foreign exchange.   MOHAMED EL AROUSSI Arab African International Bank Head of FX desk   Mohamed El Aroussi has been head of the foreign exchange desk at Arab African International ...

FX Supplement: Currency Wars: Changing Tactics

CURRENCY WARS   By Gordon Platt   Battle Tactics Change With Global Slowdown.   Chandler, Brown Brothers Harriman: The lingering US and European crises are casting a pall over global capital markets When the global economy seemed securely on track ...

Country Report

Country Report: Brazil

SEARCHING FOR BALANCED SOLUTIONS   By Antonio Guerrero   Investors are awaiting the outcome of recent rate cuts in Brazil. Whether it will prove proactive or premature remains to be seen.   Citing a substantial deterioration in the global economy, ...

Country Report: Lebanon

WAIT AND SEE   By Justin Keay   Lebanon has tumbled from its economic boom in 2010. Investors are holding back to see how the new government fares. So far, its reform progress is less than impressive. But with the ...

Milestones

EM Infrastructure Needs Triple By 2030

MILESTONES: EMERGING MARKETS   By Gordon Platt   Demand for infrastructure in emerging markets will reach $1 trillion annually through 2030, triple the level of the previous two decades, with Asia accounting for the lion’s share, according to a study ...

Madeira Debts Add To Portuguese Concerns

MILESTONES: PORTUGAL   By Matt Greco   With the government of Portugal announcing one austerity measure after another to meet IMF-imposed budgetary guidelines and as the rating agencies hack away at the credit-worthiness of the country’s financial institutions, new revelations ...

Strong Investor Interest In Irish Bonds

MILESTONES: IRELAND   By Matt Greco   In Ireland each day’s financial developments seem to bring either a positive surprise or a mild disappointment.   Irish four- and eight-year bond sales in September generated the greatest one-day increase in price ...

Corporate Finance

FX: Dollar Bulls Continue To Rampage

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   The dollar rose to an eight-month high against the euro in early October, as a further delay of Greek aid and concerns about the health of Europe’s banks gave the ...

M&A: Japanese Steelmakers Merge

CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS   By Gordon Platt   Nippon Steel, Japan’s largest steelmaker, is acquiring rival Sumitomo Metal Industries to create the world’s second largest steel producer, at a time when global competition in the steel industry ...

Newsmakers

Fischer Still Seeking New Employment

NEWSMAKERS: ISRAEL   By David Lipkin   Former French finance minister Christine Lagarde may have secured the top job at the Washington-based International Monetary Fund (IMF), but some fund insiders are still gunning for Stanley Fischer, governor of the Central ...

Kudrin’s Shoes Will Be Hard To Fill

NEWSMAKERS: RUSSIA   By Kim Iskyan   Investors have long viewed Russian finance minister Alexei Kudrin as the country’s second-most-important policymaker—and the primary reason for the dramatic turnaround in Russia’s macroeconomic position over the past decade.   Alexei Kudrin refuses ...

Trichet Exits From ECB

NEWSMAKERS: EUROPE   By Anita Hawser   At the press conference that followed the European Central Bank’s Governing Council meeting on October 6 in Berlin, few would have guessed that it was Jean-Claude Trichet’s last meeting as ECB president.   ...

Sponsored

Roundtable: Supply Chain Finance

COLLABORATION GROWS   Moderated by Anita Hawser   Companies and their banks are working together to develop finance solutions encompassing the entire supply chain.   Anita Hawser: How are current market conditions impacting the development of Supply Chain Finance (SCF)? ...