Global news and insight for corporate financial professionals
WHAT SECTORS WILL GAIN? By Arthur Clennam With its new leadership, China is changing. And with transformation comes opportunity. “Reform is China’s second revolution,” said Deng Xiaoping, the father of China’s modern economy, and the man more responsible than anyone ...
SPECIAL REPORT: ISLAMIC TRADE FINANCE By Anita Hawser Islamic trade finance is of increasing interest, but whether it will be successful depends on market forces. “Shariah-compliant trade finance is an ancient tradition with a long history of supporting economic activity ...
ASIAN SOPHISTICATES By Michael Shari Do Asian private banks have the complexity to outshine their Swiss counterparts and attract the vast private wealth reserves growing in the East? After a formal apology by the Swiss Bankers Association for “wrong conduct” ...
RISK MANAGEMENT By Karen Kroll Corporate life and pensions insurance is regaining strength as economic conditions improve. The US market for corporate- and bank-owned life insurance (COLI and BOLI, respectively) and corporate supplemental pension plans—or “top hat” plans—are once again ...
WAITING IN THE WINGS By Dan Keeler Croatia hopes its membership in the EU will help it diversify and deepen its economy, but it could take some time for that to materialize. Croatia joined the European Union in July this ...
REGIONAL REPORT: ENERGY INFRASTRUCTURE By Antonio Guerrero Vast investments in energy infrastructure are needed in the region not only to bring more of the current population onto the grid, but also to ensure that capacity meets demand, going forward. When ...
WHEN WILL A NEW SUN RISE? By Justin Keay The Levant region is plagued with political instability and unrest. But there are pockets of economic strength and inklings of long-term development. According to the Collins English Dictionary, the word Levant ...
SPECIAL REPORT: SEPA MIGRATION By Rebecca Brace Companies could face fines or even criminal charges if they do not reach SEPA compliance by next February. Some may look to outsourcing or conversion services to make the deadline. As the February ...
PRIVATE-SECTOR SUPERSTARS By Andrew Cunningham Banks from Australia, Canada and Singapore dominate the list of the Top 10 Safest Commercial Banks. State-owned banks and those that enjoy some form of sponsorship from government or regional organizations have ...
Global Finance Names the Safest Emerging Markets Banks in Central & Eastern Europe 2013 New York, November 5, 2013 - Global Finance magazine (GFmag.com) has named the “Safest Emerging Markets Banks in Central & Eastern Europe” in an exclusive survey ...
LOCATION: DUBAI, UAE Global Finance held its Transaction Processing Awards ceremony in Dubai in September—during SWIFT’s Annual Sibos conference. Leading corporate and financial executives from around the world were present to accept their awards and honor other recipients. ...
EMERGING MARKETS ROUNDUP By Antonio Guerrero Despite declining oil output levels in recent years, Chad is expecting to triple production by 2015 as new oilfields near Lake Chad begin operations. Output is forecasted to rise to 200,000 barrels per day ...
EMERGING MARKETS ROUNDUP By Aaron Chaze Amid what is being regarded as India’s worst financial crisis in more than a decade—with the currency having plunged 15.9% against the US dollar in the third quarter, GDP growth at 4.4% in the ...
A JOURNEY, NOT A DESTINATION By Michael Shari Global Finance hosted a delegation of Turkish business and economic representatives for its Global Salon this month, engendering a lively discussion on growth and investment, the economy and Turkey’s efforts to qualify ...
ANNUAL SURVEY: STARS OF CHINA By Arthur Clennam The companies and banks selected as this year’s Stars of China are masters of adaptability and growth in a changing market. Global Finance embarked on its third annual Stars of China in ...
The foreign exchange market, the largest asset class in the world, is continuing to grow and evolve. Globally, FX trading averaged $5.3 trillion a day in April 2013, up from $4 trillion per day in April 2010 and $3.3 trillion ...
RENMINBI RUCKUS By Gordon Platt London and Paris are vying to become Europe’s renminbi trading hub. Paris is challenging London, the leading center of foreign exchange trading globally, to be the hub of renminbi trading in Europe. ...
VOLATILE TIMES: GETTING A GRIP ON RISK By Rob Daly Corporate treasurers now have ever-more-sophisticated tools to help get a handle on currency exposures and manage increasingly volatile FX market risk. “It has been interesting times for currency exchange rates,” ...
EMERGING STATUS By Gordon Platt Emerging markets currencies are beginning to get some respect from central banks. The Federal Reserve’s decision to delay tapering its monetary stimulus has provided a temporary boost to emerging markets currencies and financial markets. And ...
Global Finance’s annual list of the most important players in forex. By Gordon Platt BMO Capital Markets CJ Gavsie Managing director and global head of foreign exchange products and China capital markets Gavsie is responsible for BMO’s global foreign exchange ...
MILESTONES By Paula L Green It doesn’t seem to matter how rich a country may be. Or the number of people residing within its borders. Even the landmass of a nation or its geographic locale can’t predict a country’s ability ...
MILESTONES By Luca Ventura With a fifth of the world’s population but only 9% of its land, China in recent years has aggressively upped its agricultural investments abroad, amassing over 2 million hectares of emerging markets farmland in Africa, Southeast ...
MILESTONES By Tom Clouse Japan will increase its sales tax next year for the first time in more than 15 years as the government seeks to raise revenue and reduce public debt. The rate will rise from 5% to 8% ...
MILESTONES By Justin Keay It’s only four years since the global economic slowdown plunged Dubai into a major debt crisis and near-default, but the country is acting as if none of this happened. To say the old confidence is back ...
MILESTONES By Gordon Platt The presidents of Colombia, Peru and Chile sat down to lunch with the economy minister of Mexico at a “CEO summit” in New York in late September. The four chatted amiably about the Pacific Alliance, their ...
CORPORATE FINANCING NEWS By Gordon Platt Led by growth companies in the technology and healthcare sectors, investor returns on initial public offerings were exceptionally strong in the third quarter, particularly in the US markets. Analysts expect the fourth quarter to ...
CORPORATE FINANCING NEWS By Gordon Platt From a supergiant oil field in Kazakhstan to the world’s largest producer of potash fertilizer in Russia to an African iron mine, China has scooped up stakes in major resource and agricultural companies in ...
CORPORATE FINANCE FOCUS By Gordon Platt Apple’s $17 billion corporate bond offering in April was the largest in history at the time, but it was dwarfed by Verizon’s $49 billion bond offering in September. Investment-grade US corporations sold more debt ...
NEWSMAKERS By Erik Heinrich Wang Jing is a man who likes to think big—his is the kind of grandiose thinking that built China’s Han Empire Dynasty and the Great Wall. Earlier this year Wang, the 40-year-old billionaire from Beijing, announced ...
NEWSMAKERS By Gilly Wright After just over a couple of months as Siemens’ new CEO, Joe Kaeser has announced he will eliminate 15,000 jobs, representing 4% percent of the German engineering firm’s global workforce, with a third of the cuts ...
NEWSMAKERS By KA Badarinath Once a tea vendor, Narendra Modi—now a main candidate for prime minister of India—has come a long way in the past 30 years. The 63-year-old Modi has entered the fray for the May 2014 election race ...
NEWSMAKERS By Valentina Pasquali Against all odds, a broad-based coalition of the center-left and the center-right remains at the helm of crisis-beleaguered Italy. The unlikely assortment of ministers from the Democratic Party (Partito Democratico-PD) and the People of Freedom (Popolo ...
Shrinking Wage Gap: The Impact On Growth, Development And Production “While any such projections are subject to significant uncertainties, the direction of change is clear. The large wage advantages enjoyed today by many emerging economies will shrink as their ...
