What has changed in Africa in the past year? The precipitous drop in commodity prices threatened the progress made during two decades of tremendous growth, driving diversification efforts.
Editor's letter: The annual meeting of the International Monetary Fund and the World Bank are an ideal time to look at the work of central bankers.
One message comes quite clearly out of Sibos in Geneva this year: fintech companies and financial institutions are re-thinking their relationships. And in general both sides are ready to consider different models of collaboration and coexistence. Few possibilities are excluded. ...
The strong growth in digital payment transactions highlighted in the recently released World Payments Report 2016 from management consultant Capgemini and banking group BNP Paribas is good news, but it’s more than that. This growth, particularly in the emerging markets, ...
Many think of it as the Olympics of banking technology or transaction banking, but while Sibos is a huge gathering of major competitors from all over the world, there are no games. Launched in 1973 with a few hundred attendees ...
Uncertainty in the financial sector calls for attention to innovations that will cut a clear path through the confusion.
An overview of the "big picture" trends in treasury and cash management shows the total value of markets in specific sub-sectors.
SWIFT's Sibos conference this year shows its continued growth and importance, 38 years after its creation.
Despite worries about Brexit, business must carry on making deals, serving customers and meeting deadlines.
Companies thrive through innovation. It is an engine for growth and survival. Over time it distinguishes winners and losers, and it constantly redefines competition.
Uncertainty over the future has grown, while growth forecasts have been cut.
Working at a modern media outlet with a website, Twitter feed and the rest of it, we at Global Finance easily get caught up in the tumult of fresh content.
In the past few weeks, world financial markets have been pervaded by a bleak vision of global growth potential.
The new year started with unusually negative intensity and uncertainty in the financial markets and the global economy.
Our cover story this month focuses on a little-known fact: Global trade growth has slowed in recent years, and intraregional trade, especially in Asia, is becoming more prominent.
Iceland has recovered smartly from the worst recession in its history. Now it must keep inflation at bay—and that might require a monetary overhaul.
In our annual special issue on emerging markets, we take a macro and regional view of the new realities (yes, more than one) that have developed over the past year. There are quite a few surprises.
This issue of the magazine focuses once again on Global Finance's ranking of the Safest Banks. Not just the safest banks in the world, in the emerging markets, or the safest commercial banks, but also in each of more than 100 countries.
No region of the world has generated an average annual growth rate of 5.5% over the past 20 years—except Africa. In sub-Saharan Africa, GDP has expanded by 40% since 2009.
After a summer of heavy turbulence in global financial markets, the new season starts with the seemingly endless story of when the Federal Reserve Board will raise interest rates. Although the Fed put off the move in September, the US central bank will up rates eventually, most likely at its next meeting in December. The hike will undoubtedly force some countries to shift monetary policies.
The recent devaluation of the renminbi by Chinese authorities is yet more proof that currency markets do not go on vacation in August.
At the beginning of the summer, credit insurance company Coface issued its monthly list of upgrades and downgrades of country risk.
The European Union is still debating the nature of its common currency, the position of non-eurozone EU members like the UK, and the future of stressed eurozone countries like Greece. But the situation in other parts of the world is quite different.
By deciding to devote our cover story to compliance this month we focus on a key element in the DNA of this magazine: Managing compliance is increasingly a global issue for corporates and financial institutions.
The strength of the US dollar is keeping many executives busy these days both in the corporate and the financial world.
Deflation is one of the worst fears of central bankers and economists worldwide, but the risk it engenders isn’t always clearly defined.
This may be the Year of the Goat in the Chinese calendar, but so far 2015 looks more like the year of major economic surprises.
Global Finance sat down with Murat Doğan Erden, Turkcell Group’s chief financial officer, to discuss the economic and business outlook for Turkey and the challenges confronting Turkish corporates.
When we chose oil as the subject of this month’s cover story, we had no idea how fast and dramatic the drop in oil prices would be...
For many years Global Finance has regularly covered emerging markets and frontier markets. This annual issue of the magazine, which is focused on the EM, goes a bit further. We analyze these markets regionally, but we also question the prevalent definition of emerging markets.
This issue of the magazine focuses primarily on the safest banks: those globally and in emerging markets, but also in each one of nearly one hundred countries.
The annual meetings in Washington, D.C., of the IMF and the World Bank afford a unique mix of events where economic forecasts are made, meetings held, official statements delivered, and award ceremonies (including Global Finance's Best Banks) conducted.
Inside Sibos | Review
From a product perspective, a key area of commitment is related to trade documentation: “We have been active in this area for many years and it is undergoing transformation. I am convinced that BPO [bank payment obligations] will have success..."
Inside Sibos | Day 3
“Global Transaction Banking is the fastest growing unit in Société Générale,” says Christian Behaghel, head of GTB at Societe Generale. “It is a very stable business, and while we generate something like 6% of the total revenue of the bank, we are experiencing growth of our revenue of 10-15% a year.” This compares, he says to some areas of retail banking that have 0-2% growth a year.
Inside Sibos | Day 2
“Honestly I am here more to learn than for any other reason. And to understand what the banking system can become,” notes Antonio Patuelli, president of the Italian Banking Association, discussing SWIFT’s Sibos conference in Boston.
Corporate Forum | Treasury In An Integrated World
SWIFT’s Sibos conference is certainly the place where banks and financial services firms showcase their solutions and meet clients—both during the conference and at the trade show. And in the Corporate Forum, one of the conference streams which will take place on October 1 and 2, the focus is even more precise.
Do ongoing conflicts and increasing geopolitical tensions represent a threat to globalization, or are they simply redesigning the map of the world?
Geopolitical instability seems to be everywhere these days, whether we look to North Africa and the Middle East or Eastern Europe, to Southern Asia or Southeast Asia, and it weighs on financial markets and policymakers worldwide.
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.
Over the past few years, thanks in large part to quantitative easing, we have witnessed the enormous effect that monetary policies have on the world economy.
ROOM TO GROW Moderated by Andrea Fiano At a roundtable in Taipei, Global Finance brought together key figures in Taiwan’s banking and finance industry to discuss the emergence of the country as an offshore renminbi center and other regional economic ...
APRIL 2014 | VOL. 28 NO. 4 As we write, the Ukrainian crisis is in full swing, and the outcome is impossible to predict. What we have seen so far demonstrates not only the need for global trade treaties but ...
DEAR READER MARCH 2014 | VOL. 28 NO. 3 Not all emerging markets are equal. It may sound obvious, but these days it is worth repeating, as some emerging markets are suffering serious outflows of foreign capital that undermine their ...
DEAR READER FEBRUARY 2014 | VOL. 28 NO. 2 In 2001, Jim O’Neill, then chief economist and head of asset management at Goldman Sachs, created the acronym BRIC (which became BRICS later on with the addition of South Africa) to ...
DEAR READER JANUARY 2014 | VOL. 28 NO. 1 Janet Yellen steps in as the new chair of the Federal Reserve at a precarious moment. The Fed tapering announced in December will have a huge impact on markets around the ...
There is a new definition of the emerging markets and their characteristics that confutes many old and accepted axioms; for example, the idea that the cost of labor is cheaper in developing countries, or that governance is more advanced and regulations are more enforced in developed countries.
DEAR READER NOVEMBER 2013 | VOL. 27 NO. 10 A few months ago nobody would have expected the United States to dominate the recent meeting of the G20 group in Washington and the discussions at the annual assembly of the ...
DEAR READER OCTOBER 2013 | Vol. 27 No. 9 The annual meetings of the World Bank and the International Monetary Fund in Washington coincide this year with an important change in the global economic climate. Early, faint signs ...
For the first time since 2007, advanced economies are contributing more to global growth than developing ones...
The quantitative easing launched in recent years by the central banks of the United States, the eurozone and Japan is entering a new phase...