Cover Story: Global Elections 2012

ELECTION YEAR

By Laurence Neville

Numerous countries around the world are holding elections this year, which could create market uncertainty and hold back much-needed political decision-making—particularly in Europe.

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Unlike 2011, which was a year of "unknown unknowns," with largely ...

Bangladesh Angles For Foreign Investment

MILESTONES: BANGLADESH

By Udayan Gupta

Bangladesh is one of the more intriguing frontier market economies for foreign investors. In 2011 its GDP rose an estimated 6.3%. But a volatile political environment and an economy that is not immune to ...

FX: Sudden Currency Moves And Hedging

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE

By Gordon Platt

The euro's surprising rise early this year, even as the European Central Bank flooded the market with liquidity, caught many market participants by surprise.

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Net short positions in the euro hit ...

Country Report: Angola

LAND OF OPPORTUNITIES

By Dan Keeler

The improving economic and investment environment makes Angola a tempting target for foreign direct investors. But changes aimed at improving the business environment and building infrastructure must move forward before the country reaches its ...

Emerging Markets Roundup: China

NEW TARIFFS TO COST FOREIGN AUTOMAKERS

By Thomas Clouse

Amid charges that US companies sold automotive parts at prices below production costs, the Chinese government has said it will impose tariffs on imported US-made products.

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Harnessing wind power in China ...

FX: Dollar Looks Good Versus Euro

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE

By Gordon Platt

The Japanese yen will hold its own as a safe-haven currency in 2012, while the dollar will be less ugly than the euro, analysts forecast.

Based on relative economic growth and expected ...

Special Report: BRICs

Shifting Trade Flows And The New Consumer

By Dan Keeler

Fast-growing trade between BRIC countries has been fueled by an expanding middle class. Western rivals face stiff local and regional competition in building emerging markets growth.

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A decade has passed ...

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 ...

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.

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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 ...

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 ...

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.

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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: 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.

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New policies encourage local assembly of foreign ...