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Emerging Markets Roundup

IMF And World Bank Lurch Into Conflict Over Emerging Markets

NEWSMAKERS: GLOBAL


By Michael Shari

As finance ministers and top executives of the world's largest banks converge in Washington for the annual meetings of the International Monetary Fund and the World Bank this month, a simmering diplomatic conflict between ...

Resource Battle Turns To Potash

CORPORATE FINANCING NEWS - MERGERS & ACQUISITIONS

By Gordon Platt

The cross-border battle for global resources is now focused on potash, with BHP Billiton's $43 billion hostile bid for Saskatoon-based Potash Corp. of Saskatchewan, the world's largest producer of the ...

Asia’s Banks Take The Lead

EM REGIONAL BANKING FOCUS: ASIA

By Michael Shari

A consistent focus on traditional-style banking has enabled Asia's financial giants to emerge from the recent crisis in fine fettle.


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On any given day at Shanghai Pudong International Airport, squadrons of ...

Brazilians Develop Taste for Chilean Wines

EMERGING MARKETS INVESTOR: COMPANY TO WATCH


By Gordon Platt

Viña Concho y Toro, the largest wine exporter in Chile, recently signed a global marketing agreement with Manchester United Football Club in England—although maybe it should have signed with the ...

Country Report: Turkey

STAYING THE COURSE

By Gordon Platt

Turkey has bounced back from a sharp economic contraction to become one of the region’s best performers. Its prospects are brighter than ever.

Turkey's constitutional referendum last month gave a boost to ...

Emerging Markets Investor

EMERGING MARKETS INVESTOR: NEWS

By Gordon Platt

India's equity market indices have gained more than 80% since early 2009, but the market lacks depth and breadth, with a high concentration of trading in a few top companies, according to ...

Emerging Markets: Africa

ROUNDUP

By Antonio Guerrero

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Uneasy balance: Mugabe (right) and Tsvangirai still have issues with power sharing

South Africa's state-owned development lender Industrial Development Corporation (IDC) plans to issue bonds and sell an estimated $3.6 billion worth of its ...

Emerging Markets: Brazil

ROUNDUP

By Antonio Guerrero

With Brazil's economy expected to grow at around 7% this year and borrowing costs declining, Brazilian companies are seeking financing for their expansion plans. MMX, a leading metals and mining company, hopes to raise $2 ...

Emerging Markets: China

ROUNDUP

By Thomas Clouse

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The real deal: Insurers now have the chance to invest

China's most recent economic figures show policymakers' efforts to reign in the property market without derailing the country's economic recovery are achieving mixed results ...

Emerging Markets: India

ROUNDUP

By Aaron Chaze

With its fifth rate rise of the year India's central bank, the Reserve Bank of India, launched another attack on inflation last month. The bank upped its key rate to 6.0% from 5.75 ...

Emerging Markets: Middle East

ROUNDUP

By Gordon Platt

The six member countries of the Gulf Cooperation Council (GCC) agreed at a meeting in Jeddah, Saudi Arabia, last month to postpone a planned customs union for several additional years. At the exceptional meeting of ministers ...

Emerging Markets: Russia

ROUNDUP

By Kim Iskyan

Inflation has in recent weeks climbed rapidly up the macroeconomic agenda in Russia, as the summer's wildfires and drought throughout the country decimated grain crops and triggered sharp price hikes. Inflation has long been the ...

Holding Steady

ANNUAL SURVEY: CENTRAL BANKER REPORT CARDS

by Gordon Platt, Antonio Guerrero and Dan Keeler

Central bankers sit tight in the face of renewed global uncertainty.

Indications that the global economic recovery is losing momentum have created a new set of ...

SIBOS: Remittances

BANKS MAKE A BID FOR A GROWING MARKET

By Anita Hawser

Technological innovations and the rapid acceleration of globalization are driving a sharp increase in banks' interest in the remittances market.

We are on the cusp of something significant," says ...

World Beaters

COVER STORY: ANNUAL SURVEY – WORLD'S BEST BANKS 2010

By Gordon Platt


Global Finance unveils its annual list of the best banks globally, regionally and by country.


300px_Coverstory_Worlds-best-bk Investors, depositors and corporations are concerned about the health of banks in Europe ...

Award Winners

World Beaters: Best Banks 2010

COVER STORY: ANNUAL SURVEY – WORLD'S BEST BANKS 2010

By Gordon Platt

Global Finance unveils its annual list of the best banks globally, regionally and by country.

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Investors, depositors and corporations are concerned about the health of banks in Europe ...

Milestones

The Great Recession Lives Up To Its Name

MILESTONES: UNITED STATES

By Gordon Platt


It's official. The US recession that came to be known as the Great Recession is over. In fact, it's been over for more than a year, having officially ended in June 2009 ...

Asia’s Financial Centers Gain Ground On Rivals

MILESTONES: GLOBAL


By Anita Hawser

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Hong Kong: One of the world’s top-three finance centers

London and New York can rest easy. Despite the Dodd-Frank Act and other regulatory measures that threaten to split up banks, curb bankers' bonuses and ...

Poor Gain Better Access To Financial Services

MILESTONES: GLOBAL

By Antonio Guerrero

Despite the fact that 60% of the world's economies posted a drop in real per capita income last year, access to formal financial services in developing countries grew. According to "Financial Access 2010," a ...

Corporate Finance

Economic Slowdown Could Benefit Dollar

CORPORATE FINANCING NEWS - FOREIGN EXCHANGE

By Gordon Platt


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The world economic recovery may be slowing more rapidly than previously expected, according to the Organization for Economic Cooperation and Development. Growth in the Group of Seven developed economies will slow to ...

High-Yield Bond Issuance Surges

CORPORATE FINANCING NEWS — CORPORATE DEBT

By Gordon Platt

August was supposed to be a sleepy month in the high-yield debt market, but it turned out to be anything but quiet. Total high-yield issuance in the US for the month was ...

Petrobras Sale Clears Way for IPOs

CORPORATE FINANCING NEWS — GLOBAL EQUITY/DRS

By Gordon Platt

Petrobras, Brazil's state-run oil company, was scheduled to come to market with $35 billion of shares as Global Finance went to press. That would make the sale the world's ...

Resource Battle Turns To Potash

CORPORATE FINANCING NEWS - MERGERS & ACQUISITIONS

By Gordon Platt

The cross-border battle for global resources is now focused on potash, with BHP Billiton's $43 billion hostile bid for Saskatoon-based Potash Corp. of Saskatchewan, the world's largest producer of the ...

Newsmakers

IMF And World Bank Lurch Into Conflict Over Emerging Markets

NEWSMAKERS: GLOBAL


By Michael Shari

As finance ministers and top executives of the world's largest banks converge in Washington for the annual meetings of the International Monetary Fund and the World Bank this month, a simmering diplomatic conflict between ...

Kan Sees Off Leadership Challenge

NEWSMAKERS: JAPAN

By Thomas Clouse

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Ozawa: Failed to unseat Japan’s prime minister

Japanese prime minister Naoto Kan retained leadership of his political party and the country after political powerbroker Ichiro Ozawa unsuccessfully challenged him for his position in a ...

Rating Upgrade Opens Door To Costa Rica Bond Issue

NEWSMAKERS: COSTA RICA

By Dan Keeler

With the ink still wet on a Moody's rating upgrade from Ba1 to Baa3 investment grade, Costa Rica has revealed it is considering a bond issue in the near future. José Rossi, chairman ...

The World's Safest Banks

World’s Safest Banks 2010

ANNUAL SURVEY: SAFEST BANKS


by Dan Keeler


Global Finance selects the world's safest banks—the 50 institutions with the highest ratings from the leading international credit ratings agencies—and the safest banks in seven regions.


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It is a measure ...

Additional Stories

Best In Class 2010

ANNUAL SURVEY: WORLD’S BEST BANKS

A selection from Global Finance’s best banks awards from the past year.


BEST FOREIGN EXCHANGE PROVIDERS

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BEST DERIVATIVES PROVIDERS

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BEST SUB-CUSTODIANS

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BEST SUB-CUSTODIANS (cont.)

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BEST ISLAMIC FINANCIAL INSTITUTIONS

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BEST TREASURY & CASH MANAGEMENT PROVIDERS ...

Country Focus: Peru

SECOND ACT

By Antonio Guerrero

In his second term, Peru’s president Alan Garcia is making amends for the shambles he left his country in after his first term.

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Peruvian president Alan Garcia is leading one of the world's ...

Global Outperformers

EM REGIONAL BANKING FOCUS: LATIN AMERICA By Denise Bedell Latin America is a hotbed of growth, presenting a wealth of opportunities for domestic and international banks. With some of the highest growth rates seen anywhere worldwide this year, Latin America ...

New Partnerships

EM REGIONAL BANKING FOCUS: AFRICA

By Nick Kochan

Africa's banks are looking to forge new links as they seek to expand across the continent.

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The African banking industry has emerged from the global financial crisis largely intact and, in ...

Risky Business

FOCUS: RISK CONSULTING

By Paula L. Green

Companies are showing increasing interest in employing risk consultants to help them manage their exposure.

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As they protect employees, property and supply chains flung around the globe, corporate executives are using risk consultants ...

Rusal Plans To Create DR Program in Russia

EMERGING MARKET INVESTORS: DR NEWS

By Gordon Platt


Rusal, the world's largest producer of aluminum, plans to create a Russian depositary receipt (RDR) program on the Micex Stock Exchange and the Russian Trading System by the end of this ...

Shifting Sands

EM REGIONAL BANKING FOCUS: MIDDLE EAST

By Jonathan Gregson

Many banks in the Middle East are still suffering the after-effects of the global financial crisis.

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Over the past decade the Middle East's banking sector has become one of the ...

SIBOS 2010

With thousands of banks and a growing number of corporations attending each year, the Brussels-based international banking network SWIFT's annual Sibos conference has become a crucial forum for debates in transaction banking. This year's conference, to be held ...

SIBOS: Supply Chain Finance

CHANGE MANAGEMENT By Denise Bedell Banks are changing the way they look at their own transaction business to help companies see further into their working capital management processes. The need for integrated trade and cash solutions was significant even before ...

Slow Recovery

EM REGIONAL BANKING FOCUS: CENTRAL & EASTERN EUROPE

By Jonathan Gregson

Hit hard during the financial crisis, Central and Eastern Europe's banking sector is still fragile and vulnerable to external shocks.


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During the boom times of the past decade, Central ...

World’s Biggest Banks 2010

ANNUAL SURVEY: WORLD'S BIGGEST BANKS

by Dan Keeler

Global Finance ranks the world’s 50 biggest banks, as measured by total assets

After a tumultuous three years, characterized by colossal write-downs, credit ratings downgrades, nationalizations, bailouts and hurriedly arranged ...