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 ...

Greek Bank Merger A Herald Of Things To Come

MILESTONES: GREECE By Luca Ventura The recently-announced merger of Greek banks Alpha Bank and Eurobank EFG could breathe fresh life into the much-troubled Greek banking sector. Tides turning in Greece with bank merger In fact, it would difficult to overstate ...

World’s Safest Banks

ANNUAL SURVEY: SAFE AND SOUND By Andrew Cunningham Global Finance presents it annual ranking of The World’s Safest Banks. Despite the ongoing debt crisis, European banks continue to dominate the ranks of the World’s Safest Banks in 2011, just as ...

Governments Push To Close Tax Loopholes

MILESTONES: US/EUROPE By Anita Hawser As governments in the US and Europe embark on a program of austerity measures, they are more eager than ever before to claw back millions from undeclared offshore accounts. Swiss banks reach deal with UK, ...

Chavez Banks On Gold Repatriation And Privatization

MILESTONES: VENEZUELA By Antonio Guerrero Venezuelan President Hugo Chavez in August gave the world’s gold markets a double-fisted punch. Gold may reduce oil dependence On the one hand, he nationalized his country’s gold mining sector. On the other, he announced ...

FX: Euro Rebounds As EFSF Expands

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The EU summit in July not only reached agreement on a second bailout program for Greece, but just as significantly, it gave the European Financial Stability Facility (EFSF) the ability to respond ...