Santiago Fittipaldi

The stampede to issue debt among emerging markets sovereigns and corporates is showing no signs of slowing down. Some think investors may get burned, though. With US and UK interest rates at record lows, excess global liquidity pouring into the ...

India’s economy is surfing a wave of growth driven by the booming outsourcing industry. International companies have flocked to India to carry out non-core operations, taking advantage of the wide availability of well-trained English-speaking professionals—cheap and well-trained, to be more ...

EMERGING MARKETS “New emerging market issuance will be dominated this year by Brazil, especially Brazilian corporates.” —Christian Stracke, CreditSights —Christian Stracke, CreditSights Emerging market borrowers began the year with a charge to international bond markets, bringing nearly $9 billion in ...

Following a few years of depressed activity, the asset finance market is poised for recovery in 2004. How strong that recovery is, though, depends on Washington. “The past couple of years have not been good for the industry,” says John ...

The corporate world is still searching for definitive proof that corporate responsibility pays—and now the evidence is piling up. For a little more than a decade, companies have tried to meet increasing consumer and investor demand for them to ‘do ...

ARGENTINA There was a time when investment banks lined up to participate in emerging market debt restructurings that gained them hefty fees. But times are changing, as three top banks—JPMorgan Chase, Citigroup and Deutsche Bank—have withdrawn their bids to advise ...

When a country experiences an economic or financial crisis, among the first victims will be companies seeking financing. With a little creativity, though, businesses can overcome even the tightest funding squeeze. As bank credits dry up or become too costly ...

MEXICO Despite a strong recovery in Latin American stocks this year, the region’s stock valuations remain cheap by international standards. With foreign investors staying on the sidelines, opportunistic local market players are increasingly taking advantage of buy opportunities at home. ...

RUSSIA Russia has long been a destination for more adventurous investors, but at the beginning of last month it finally got the nod from a ratings agency. For the first time in the country’s history Russia gained a coveted investment-grade ...

ANNUAL SURVEY           AIRLINES   LanChile   Executive Vice President and CEO: Enrique Cueto Plaza       LanChile’s operational efficiency, passenger loyalty and steady revenue growth in both its cargo and its passenger business segments ...

If the Turkish government can resist the temptations of a pre-election splurge, the country’s economic future looks brighter than it has for years. But that is a big ‘if’. Astring of encouraging economic indicators, as well as the IMF’s decision ...

IRAQ A MODEST START FOR BANKING IN IRAQ At the end of August the US-led Coalition Provisional Authority (CPA) in Iraq announced that JPMorgan Chase had been selected to lead a 13-bank consortium to operate the newly created Trade Bank ...

Direct investment in Latin America looks to be growing again after years in decline. The recipients will be very different this time around. On the face of it, the state of foreign direct investment (FDI) into Latin America is bleak. ...