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 ...

Regional Report: Central Eastern Europe

WAITING ON EUROLAND By Jonathan Gregson The benefits of joining the eurozone are not as clear as they once were for countries in Central and Eastern Europe. The countries of Central Europe have long shaken off their former status as ...

Dim Sum Best Served At Low Rates

COVER STORY — RENMINBI RISING By Michael Shari Multinationals are positioning themselves to capture lucrative gains from the internationalization of China’s currency. When McDonald’s became the first non-Chinese corporation that was allowed to issue a bond denominated in yuan in ...

Domestic Group Makes Move To Buy Canadian Exchanges

MILESTONES / CANADA by Erik Heinrich Near-monopoly: Bid faces antitrust scrutiny The London Stock Exchange (LSE) has been stymied in its attempt to take over Canada’s TMX Group, parent of the Toronto and Montreal exchanges and the TSX Venture Exchange. ...

FX: Greek Contagion Risk On Euro

CORPORATE FINANCING NEWS / FOREIGN EXCHANGE by Gordon Platt The euro tumbled against the dollar, the yen and the Swiss franc in mid-June, as European finance ministers reached an impasse on a second Greek aid package and demonstrators clashed with ...

Special Report: Sibos 2011

SIBOS 2011 Change is in the air at this year’s annual Sibos conference in Toronto. Hosted by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the conference provides a forum for the world’s biggest corporate and investment banks to debate ...

FX: USD Weakens As Eurozone Rates Rise

CORPORATE FINANCING NEWS:FOREIGN EXCHANGE By Gordon Platt Dollar Weakens As Eurozone Rates Are First To Rise Differing monetary policy reactions to the rise in oil prices are driving currency values at the moment, while gains in the Japanese yen have ...