Emerging Markets Roundup: Brazil

STATE-OWNED BANKS TO BOOST ENDING By Antonio Guerrero Brazil's government is investing more than $500 million this year recapitalizing two state-controlled banks to boost lending. The nation's Treasury will invest $269 million in the BNDES national development bank and another ...

Emerging Markets Roundup: Russia

WHILE PROFITS SOAR, SBERBANK HALTS FOREIGN INVESTMENTS By Kim Iskyan Russian state savings bank Sberbank posted a 74% jump in third-quarter profits in late November on the back of sharp growth in lending. Putin gets poor response in parliamentary elections ...

Deep Freeze On IMF Lending To Ukraine

MILESTONES: UKRAINE By Kim Iskyan The IMF’s $15 billion loan program to Ukraine looks increasingly likely to be suspended at least until parliamentary elections in October 2012, following an early November visit by the IMF that ended without recommending the ...

Emerging Markets Roundup: China

CHINESE REGULATORS TARGET ANTI-COMPETITIVE BEHAVIOR IN STATE-OWNED FIRMS By Thomas Clouse Chinese regulators have targeted state-owned enterprises in an anti-monopoly investigation for the first time. Photo Credit: Chen Wei Seng / Shutterstock.com China’s two largest fixed-line telephone operators—China Telecom and ...

Sector Report: Commodities

COMMODITIES TEST THE BORDERS OF INTERNATIONAL FINANCE By Michael Shari Commodity producers are turning to specialized banks that are willing to take multiple layers of risk in private deals. Great ideas are born at times like these. Prices for all ...

FX: Eurozone Plan Is A Start

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt Another EU summit ended in December with agreement on a new fiscal compact for the eurozone, but like previous efforts to rescue the common currency, the accord was less than comprehensive, and ...

Emerging Markets Roundup: India

SINKING PUPEE AFFECTS CORPORATE DEBT REPAYMENT By Aaron Chaze Corporate borrowers in India have been hard hit by the rupee slide—the currency fell 18% over the dollar between January and November, 2011, and fell 7% in November alone. According to ...

Emerging Markets Roundup: Africa

NIGERIAN INBOUND INVESTMENT FRAMEWORK IMPROVING By Antonio Guerrero Nigerian President Goodluck Jonathan says his administration is reviewing industrial policies to encourage foreign companies exporting finished goods to Nigeria to instead manufacture them locally. New policies encourage local assembly of foreign ...

FX: Europe’s Debt Plan Missing Detail

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt Risk aversion appeared to be creeping back into the markets in early November, as the initial euphoria about the eurozone’s master plan to solve the debt crisis began to fade. Italy’s bond ...

Emerging Markets Roundup: Africa

SOUTH AFRICA EASES RULES ON FOREIGN OWNERSHIP By Antonio Guerrero South Africa’s National Treasury is studying a plan to allow offshore companies traded on the Johannesburg Stock Exchange (JSE), known as inward-listed companies, to be regarded as domestic firms for ...

Emerging Markets Roundup: Russia

THRESHOLD RISES FOR FOREIGN INVESTMENT IN THE NATURAL RESOURCE SECTOR By Kim Iskyan Russia’s parliament is set to approve long-awaited amendments to legislation on foreign investment in certain strategic sectors. Easing requirements for natural resources investment The legislative change will ...

WORLD’S BEST FOREIGN EXCHANGE PROVIDERS 2012

Global Finance names the World’s Best Foreign Exchange Providers 2012 NEW YORK, November 21, 2011 – Global Finance magazine has named the “Best Foreign Exchange Banks and Providers” by country, region and category in an exclusive survey to be published ...

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 Bank (AAIB) in Cairo ...