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Economic Focus: Brazil

PLAY ON   By Antonio Guerrero   Brazil is betting that its huge investment in infrastructure projects for the 2014 Soccer World Cup and the 2016 Olympics will provide long-term benefits to the country.   Just six weeks after Rio ...

Running For Cover

UPDATE — ENVIRONMENTAL RISK INSURANCE   By Paula L. Green   Demand for environmental and climate-change-related insurance is set to rise sharply.   Along with more government regulations meant to rein in multinationals’ damage to the environment, the heightened public ...

Shine A Little Light On Me

FOCUS — EQUITY DERIVATIVES   By Gordon Platt   New regulation should improve transparency in the increasingly popular equity derivatives market.   The financial reforms signed into law by President Obama on July 21 will substantially change the way many ...

Trading Up

ANALYSIS — ASIA'S EXPORTERS   By Thomas Clouse   Asia’s exporters are all benefiting as China’s manufacturers begin to move up the value chain.   The Asian economic miracle is hardly a new story, but every once in a while, ...

Award Winners

Technology Helps Banks Stay Ahead

ANNUAL SURVEY: BEST INTERNET BANKS PART 1   In the first of a two-part series, Global Finance identifies the best online corporate and consumer banks by country and regionally by product or service category.   By Adam Rombel   The ...

Emerging Markets Roundup

Cement Maker Bags Contracts in LatAm

Emerging Markets Investor: Company To Watch   By Gordon Platt   Cementos Argos, the leader in the Colombian cement industry, with a 51% market share, is benefiting from growing construction activity in its home market and a healthy backlog of ...

Local Government Debt Shadows China

Emerging Markets Investor: News   By Gordon Platt   Julian Thompson, portfolio manager at Threadneedle Emerging Markets Equity Fund, says he expects China’s economic growth to slow and sees much more opportunity in other parts of the world. Much of ...

Emerging Markets: Africa

ROUNDUP   By Antonio Guerrero   Front right: Corruption fighter Goodluck Jonathan Flushed with confidence after its peaceful referendum on a new constitution, Kenya plans to issue $390 million of infrastructure bonds, the government’s fourth such issue. The bonds will ...

Emerging Markets: Brazil

ROUNDUP   By Antonio Guerrero   Flying high: Embraer sees rise in order backlog Spain’s Telefónica agreed to buy Portugal Telecom’s stake in Vivo, Brazil’s largest mobile-telephony provider, for $9.8 billion. With 56 million clients, Vivo has an estimated 30% ...

Emerging Markets: China

ROUNDUP   By Thomas Clouse   Power hungry: China’s energy use climbs China overtook the United States to become the world’s largest energy consumer, according to figures released in July by the International Energy Agency. China used energy equivalent to ...

Emerging Markets: India

ROUNDUP   By Aaron Chaze   Strong sales: Mahindra & Mahindra’s popular SUV In the face of rising inflation and GDP growth, India’s central bank, the Reserve Bank of India surprised observers with a higher-than-expected interest rate hike. The RBI ...

Supplements

TCM: Risks And Rewards

By Anita Hawser   Having survived one of the worst recessions on record, companies understand better than ever that treasury management is important for improved efficiency, whether through tightening their accounts-receivable or accounts-payable processes to unlock working capital or limiting ...

TCM: Data Drivers

DATA ANALYTICS   Analytics solutions pull data from disparate sources to provide a big-picture view of operations and exposures.   By Denise Bedell   In the wake of the financial crisis, the job of the treasurer has increasingly focused on ...

TCM: Shared Value

SHARED SERVICE CENTERS   There are many options for how to set up and roll out a shared service center, providing an approach for every budget and corporate structure. By Denise Bedell   As the recession thaws and purse strings ...

TCM: Who's Who

WHO'S WHO   Who’s Who in Treasury and Cash Management   By Vanessa Drucker   Donald E. Berk Senior Vice President, Corporate & Institutional Services Northern Trust   As director of product and process management for enterprise banking services at ...

Country Report

Country Report: Egypt

GETTING SMART   By Gordon Platt   Egypt is turning to information technology to create a knowledge-based economy.   Near the pyramids at Giza, on the outskirts of Cairo, Egypt's first technology park is changing the desert landscape. A total ...

Country Report: Spain

  AN ATTAINABLE GOAL     By Antonio Guerrero   Spain's economy is still under pressure, but signs of renewed confidence are slowly emerging.   When Spain beat the Netherlands in July to win the country's first-ever soccer World Cup, ...

Milestones

Top Firms Spurn Bank Finance

EUROPE   By Anita Hawser   No thank you: Companies reject costly bank loans Investment-grade companies are shunning bank lending and opting instead for the bond markets in order to raise financing, a report by Fitch Ratings says. Based on ...

Turbulence Indices Provide Risk Insight

GLOBAL   By Anita Hawser   State Street’s Will Kinlaw Stress testing risk models and investment portfolios for extreme market events has certainly come into vogue in the wake of the financial crisis. Banks’ risk models were criticized for focusing ...

Former Foes Tighten Ties

VIETNAM   By Thomas Clouse   Clinton: Comments on marine conflicts upset China Vietnam and the United States participated in joint military exercises last month for the first time since the war between the two countries ended 35 years ago. The ...

The Fed Adopts Transparent Policy

UNITED STATES   By Gordon Platt   Taking a new tack: Ben Bernanke, Fed chairman Fed watchers around the world were surprised in August when the Federal Open Market Committee announced a decision to target the Federal Reserve’s balance sheet, ...

Corporate Finance

Emerging Market Deals Boost M&A

CORPORATE FINANCING NEWS - MERGERS & ACQUISITIONS   By Gordon Platt   Emerging markets accounted for nearly one-third of global mergers and acquisitions in the first half of 2010, according to an analysis by Thomson Reuters. M&A; activity involving companies ...

Lower Volatility Spurs Carry Trade

CORPORATE FINANCING NEWS - FOREIGN EXCHANGE   By Gordon Platt   The Federal Reserve is likely to keep US interest rates at record lows well into next year, enabling global investors to borrow dollars for a song and invest in ...

Newsmakers

Kenya To Become Green Power Pioneer

KENYA   By Dan Keeler   Kenya’s Olkaria II geothermal plant generates 70MW Kenya’s government is looking for a strategic investor to buy 19% of the country’s principal electricity supplier, the Kenya Electricity Generating Company (KenGen). Eddy Njoroge, KenGen’s managing ...

HP’s Hurd Gets Golden Parachute

UNITED STATES   By Gordon Platt   Who me? Hurd’s multi-million dollar payoff riles investors Mark Hurd received a $20 million Golden Hello when he joined as chief executive of Hewlett-Packard in 2005, and a Golden Handshake that could be ...