In April the European Bank for Reconstruction and Development (EBRD) commemorated a quarter-century of history, with president Suma Chakrabarti emphasizing how far the Bank had come since its first investment—to WBK Bank in Poland (now Bank Zachodni WBK).
Capital Raising & Corporate Finance
Bank of China, the fourth-largest bank in the world, has been an ener-getic leader in expanding overseas. In an interview with Global Finance, Chen Siqing, the bank’s president, spoke about internationalization efforts and the importance of overseas growth.
Following a record-breaking year for worldwide mergers and acquisitions, dealmaking declined to a two-year low in the first quarter of 2016.
It’s been a long time coming, but Argentina is finally back. In mid-April, after being frozen out of global capital markets for 15 years, the country sold $16.5 billion of debt in an offering that was more than four times oversubscribed—the biggest bond ever sold in an emerging market.
India’s “Make in India” campaign has begun to pay dividends in the defense sector—a field where sharing of technology, processes and patented know-how by global giants does not happen easily.
If the Brits leave the Eurozone, it will have major repercussions for companies doing business in the UK. So why aren’t non-Brits paying more attention? Global Finance lays out the Brexit consequences for international corporations and for global commerce.
Zambia offers a range of advantages and opportunities for foreign investors, but they may want to wait awhile until some risks play out.
Management | CFO's
A recent report by global consulting firm KPMG was titled, Introducing the Renaissance CFO.
Management | Technology and Change
In the not-so-distant future, they believe, the corporate world will look very different than it does now.
Capital Markets | Fixed Income
The European Central Bank pushed its deposit rate deeper into negative territory in March, even as commercial bankers cautioned that such an unorthodox move could undermine their profitability and disrupt their role as financial intermediaries while doing little to boost lending or the economy.
Capital Markets | Fixed Income
China’s $7.4 trillion onshore bond market, the third-largest in the world, is opening to foreign institutional investors in the latest step by China to integrate its capital markets into the global financial system.
Capital Markets | Mergers & Acquisitions
In an effort to boost the country’s sagging economic growth, China is consolidating key industries, hoping to make them more efficient ahead of eventual partial privatizations.
Capital Markets | Equity Offering
A potential partial privatization of Saudi Arabia’s state oil company, Saudi Aramco, would require the company to remove its veil of secrecy.
Trends | Peace Deals
Low oil prices are widening Colombia’s current-account deficit, dampening the confidence of foreign investors and dragging down the economy.
The junk market is hurting. Experts predict the pain will continue, with defaults peaking a couple of years from now.
Capital Markets | Corporate Bonds
Demand for investment-grade corporate debt seems insatiable, even as investors shun riskier high-yield bonds.
The axe fell on Brazil heading into 2016 as it suffered a downgrade to junk status by Fitch Ratings, heightening the air of crisis as the beleaguered nation grapples with political turmoil and recession.
Kuwait Financial Centre (Markaz) has been among the Arab region’s leading asset management and investment banking institutions since 1974. Speaking with Global Finance, CEO Manaf Alhajeri explains that economically challenging times have a bright side: a chance to find value for long-haul investors.
Monetary Policy | Capital Markets
Casting aside concerns about the strong dollar and weakness in economies abroad, the Federal Reserve achieved an historic interest rate liftoff in mid-December.