The liberalization of the exchange rate regime and the devaluation of the Egyptian pound were critical steps toward restoring confidence in the economy and eliminating foreign exchange shortages ...
The Trump administration’s nascent economic policies, including tax cuts and higher infrastructure spending, will likely result in a strong dollar and rising interest rates. The last time the US unleashed fiscal stimulus when the economy was not in recession was ...
Saudi Arabia made a splash with its $17.5 billion debut in the global bond market, which was the largest debt issuance by an emerging economy. The successful sale on October 19 was increased from an originally planned $10 billion, as ...
Algorithms reading Twitter may have sent the pound tumbling for no good reason.
Read how these winning financial institutions earned designation as one of the World's Best Banks for 2016.
CREDIT LINE | On a visit to Argentina in August, Citi CEO Michael Corbat met with the country’s pro-market president, Mauricio Macri, and announced a $3.5 billion line of credit for the bank’s 1,300 corporate and institutional clients in the country.
European Union regulation will likely spark a talent war for data protection officers -- and lead to a shortage.
These are exciting times for the nations of the Gulf Cooperation Council (GCC), as the decline in oil revenues is forcing them to finally make dramatic changes to their oil-based economies.
A squeeze on earnings and a rise in funding costs have persuaded many US companies to commit less cash to buying back their own shares this year.
Capital Markets | Fixed Income
US companies are rushing to borrow in European bond markets. They’re taking advantage of low interest rates on euro-denominated issues after the European Central Bank’s decision to start buying investment-grade corporate bonds in June—part of its economic stimulus program. Last year already set a record for corporate borrowing in Europe’s bond markets, where rates are significantly lower than in the US.
Capital Markets | Sovereign Risk
Low energy and commodity prices and a global economy stuck in low gear have provoked a surge in sovereign ratings downgrades in the first three months of this year. And rating agencies anticipate another wave of downgrades if a wider global economic slowdown materializes.
Trends | Emerging Markets
Emerging markets sovereigns and corporates will need to refinance up to $2 trillion of debt coming due in the next five years, as a result of extravagant borrowing earlier this decade when commodity prices were soaring and cheap financing was readily available.
Following a record-breaking year for worldwide mergers and acquisitions, dealmaking declined to a two-year low in the first quarter of 2016.
The banking industry’s leading lights have largely adjusted their business plans to a world of tighter regulations, higher capital requirements and less leverage. Now, they are taking on new competitors by embracing the very information technology that has disrupted their business.
Capital Markets | Mergers & Acquisitions
A need by banks to address weak earnings could result in increased merger activity in 2016, according to Fitch Ratings.
Global Finance’s list of Who’s Who in Middle Eastern finance
Capital Markets | Fixed Income
The European Central Bank pushed its deposit rate deeper into negative territory in March, even as commercial bankers cautioned that such an unorthodox move could undermine their profitability and disrupt their role as financial intermediaries while doing little to boost lending or the economy.
Project financing is booming in Saudi Arabia, which leads the Middle East in deals, with a total of eight in 2015, worth more than $13 billion.
Capital Marktes | M&A
State-owned China National Chemical’s record $43 billion bid for Swiss agrochemical company Syngenta will be closely examined by a US government panel and other national regulators.
Capital Markets | Corporate Bonds
Demand for investment-grade corporate debt seems insatiable, even as investors shun riskier high-yield bonds.
Kuwait Financial Centre (Markaz) has been among the Arab region’s leading asset management and investment banking institutions since 1974. Speaking with Global Finance, CEO Manaf Alhajeri explains that economically challenging times have a bright side: a chance to find value for long-haul investors.
Monetary Policy | Capital Markets
Casting aside concerns about the strong dollar and weakness in economies abroad, the Federal Reserve achieved an historic interest rate liftoff in mid-December.