President Obama's determination to do "whatever it takes" to rebuild the economy appears to be paying off. But it is his actions across the whole range of policy initiatives that will have the greatest impact on global corporations. By ...
REGIONAL REPORT: Gulf Cooperation Council Sukuk issuance is rebounding as investor confidence returns to the GCC region. By Gordon Platt The global financial crisis has accelerated what already was a growing interest in Islamic finance and has created new opportunities ...
REGIONAL REPORT: Gulf Cooperation Council The UAE economy is well on the road to recovery, one of its biggest boosters says. By Gordon Platt Abdul Aziz Al Ghurair, speaker of the house of the Federal National Council, ...
Banks have created 1,400 new unsponsored ADR programs to meet-and hopefully generate-growing demand, particularly from investors in separately managed accounts. By Gordon Platt The long drought in initial public offerings has slowed the pace of raising capital ...
REGIONAL REPORT: Gulf Cooperation Council Financial services firms in the GCC region are poised to take advantage of an impending global recovery. By Gordon Platt The global economic and financial crisis arrived late in the six ...
In the wake of the near-collapse of AIG, many companies are taking a much closer look at the health of their own insurers. By Paula L.Green Corporate risk officers are asking more questions, checking more documents, diversifying their ...
Despite a recent drop in profits amid the country's economic slowdown, Brazilian banks are poised for long-term growth. By Antonio Guerrero Amid a turbulent global market, Brazil's banking and financial sector is proving remarkably resilient. A stringent regulatory environment, strong ...
SUB-CUSTODIANS TACKLE NEW CHALLENGES Global Finance selects the leading providers of the specialized services that make cross-border investing possible. By Gordon Platt Global custodians and money managers are putting their sub-custodians under the microscope in the wake ...
Supply Chain Finance In Growing Demand The credit crunch has demonstrated which banks are truly committed to developing supply chain finance solutions. By Anita Hawser Few market segments within financial services have emerged unscathed from the recent ...
Roundup By Antonio Guerrero Botswana, the world's largest diamond producer, received a $1.5 billion loan from the African Development Bank, marking the bank's largest-ever budget support facility. It is also Botswana's first loan from the development bank in ...
Roundup By Antonio Guerrero Mantega: Welcomes foreign investors to Brazil Taking advantage of falling yields, Brazilian borrowers are returning to international debt markets. BNDES, the state-owned development bank, sold $1 billion in 10-year bonds in June, yielding 6.546%. ...
Roundup By Thomas Clouse All clear: Policymakers backed away from Internet filtering With China's 4 trillion renminbi ($585 billion) stimulus package starting to show real results, the World Bank has upped its estimate for the country's 2009 GDP ...
Roundup By Aaron Chaze Surging ahead: India is set to outstrip China's growth According to the Global Development Finance Report released recently by the World Bank, India is expected to be the fastest-growing economy in 2010, with ...
Roundup By Gordon Platt While the world's attention was focused on the post-election violence in Iran last month, political developments in neighboring Iraq took a happier turn. Iraqi Kurds and the Iraqi central government worked out an agreement ...
COMPANY TO WATCH: ZTE/CHINA By Gordon Platt ZTE, the largest wireless equipment maker in China, has gained a major share of the global cell phone market. After conquering markets in Asia and Africa with its low-priced handsets, ZTE ...
DR NEWS By Gordon Platt Cairo-based GB Auto, Egypt's largest listed automaker, auto assembler and distributor, issued global depositary receipts that trade in the New York and London over-the-counter markets. It issued the GDRs without a capital increase. ...
NEWS By Gordon Platt The biggest challenge of investing in emerging markets is a lack of disclosure on environmental, social and corporate governance (ESG) issues, according to a global survey of 67 major investors that support sustainability in ...
Roundup By Kim Iskyan Medvedev: Promoting Moscow as finance center Russia unexpectedly announced that it was abandoning its quest to join the World Trade Organization on its own in favor of applying to enter as a bloc with ...
LESS PAIN, MORE GAIN Portugal's pre-credit crunch party was not as wild as that of many other countries, and its hangover should be much less severe as a result. By Adam Rombel You do not have to ...
Global By Gordon Platt Raw deal: The poorest will suffer the most The low-income developing countries with little prospect of repaying loans are in the greatest need of help as a result of damage from the ...
United Kingdom By Anita Hawser London calling: Investors’ faith in the UK is growing The largest investor in the UK remained the United States, which increased its investment by 30% on 2007-2008 levels. The US accounted for ...
Mergers & Acquisitions BY GORDON PLATT Two of Brazil's biggest food companies, Perdigão and Sadia, plan to merge in a stock-swap transaction that will create a multinational food company with annual sales of $10.6 billion. The new company, ...
Foreign Exchange BY GORDON PLATT Signs that the US economy is bottoming out and hopes that the Federal Reserve will deftly handle the transition to a less accommodative monetary policy are boosting the dollar, analysts say. They say ...
Corporate Debt BY GORDON PLATT Companies rushing to refinance bank loans borrowed more than $24 billion in the high-yield debt market in the United States in May, the most since November 2006, according to Montpelier, Vermont-based KDP Investment ...
ARGENTINA By Antonio Guerrero Kirchner: May have to rein in her populist agenda When Cristina Kirchner won Argentina's 2007 presidential election, she was taking over the office held since 2003 by her husband, Nestor Kirchner. Observers speculated the ...
GLOBAL By Gordon Platt Oil prices have doubled since February without any help from fundamental demand. In fact, demand projections have been revised downward due to the global recession. How long can this levitation act continue? "The global ...
GLOBAL By Gordon Platt Levy: Economic recovery will not happen soon Voting with their portfolios, investors are viewing the glass as half full, and their risk appetite is increasing. Confidence among global investors rose for the sixth straight ...
GLOBAL By Anita Hawser Abbey: Massive investment leaves door open for fraud With governments around the world doling out billions in stimulus packages or infrastructure projects to help revive flagging economies in the wake of the subprime crisis, ...
