The recent raft of Chinese investments into Russia following president Putin’s May visit to Shanghai might look like a rapid response to counter Western sanctions.
Central & Eastern Europe
African success story M-Pesa dials up Europe.
The return of growth in most of Europe and the renewed leadership of the US in economic advancement should not distract from critical developments in some of the major emerging economies.
Mergers and acquisitions involving Russian companies, including Morgan Stanley’s planned sale of its global oil-trading unit to Rosneft, are threatened by Western sanctions on Moscow over the Ukraine crisis.
Although hit hard by the global financial crisis, Latvia, Lithuania and Estonia recovered quickly. The three countries are building ever-closer EU ties to separate themselves economically from Eastern neighbors.
An escalation of sanctions on Russia stemming from its actions in Ukraine could pressure Russia’s overall economic growth. Some companies, particularly those perceived to have close ties to president Vladimir Putin and his inner circle, may have difficulties tapping the international capital markets for funding.
Financial markets may initially have reacted well to the reelection of the AKP and prime minister Recep Tayyip Erdoğan, but his success belies deep-seated political and economic problems.
Slovakia has known rapid and unexpected changes in its political fortune in its 20 years as an independent country.
In our 21st annual survey, Global Finance identifies the best banks in 150 countries and eight regions. The winners are not always the biggest banks, but rather, the best—those with the qualities that corporations should look for when choosing a bank.
Inflation in the eurozone slipped to 0.5% at an annual rate in March, its lowest level since 2009. The persistence of low inflation prompted policymakers to discuss quantitative easing (QE) and a negative deposit rate, putting some downward pressure on the euro.
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