Emerging Markets

UKRAINE Amid the growing political turmoil in Ukraine, the country’s economy is proving remarkably resilient. When thousands of protesters took to the streets of Kiev, the Ukrainian capital, at the end of March, to outside observers it must have felt ...

NEWS Measurable risk and volatility have declined in emerging markets over the past 10 years, providing attractive long-term risk/return characteristics, according to a study by Chicago-based Northern Trust Global Investments. “In our view, this asset class has ‘grown up’ from ...

COUNTRY REPORT / INDONESIA Indonesia is slowly moving toward a wide range of structural reforms critical to soothing the anxieties of local and foreign investors. Less than a decade after the fall of the dictator Suharto, Indonesia is moving to ...

ANNUAL SURVEY In our 14th annual survey of top banking performers in emerging markets, we name those banks that are consistently providing high levels of service in often-tumultuous markets. Despite China being hit by its worst day of trading in ...

STARS OF THE NEW RUSSIA Russia’s attempts to broaden its economic base away from a resource-driven model are proving as profitable as they are successful. Russia is becoming more authoritative, there is considerable uncertainty over who will be the next ...

THE MIDDLE EAST Economic reforms are spurring a flood of private sector investment that is helping to put the region’s liquidity to productive use. The Manhattan skyline that erupted from the desert flatlands of Dubai is a symbol of a ...

COUNTRY REPORT / THE PHILIPPINES Shrugging off political uncertainty and a rising currency, the Philippine economy is enjoying steady growth. Plenty of pitfalls remain, however. Arroyo: Under pressure Philippine politics is rarely dull, and 2007 is likely to be no ...

FOCUS / INDIA INC. India’s biggest corporations are spreading their wings and becoming truly global organizations. Mittal Grandeur promises to be Mumbai's newest landmark. It is being built on the grounds of Taraporevala Mansion, a heritage structure. When he was ...

ROUNDTABLE / TURKEY At a recent roundtable in Istanbul, Global Finance brought together a group of leading figures in the Turkish banking industry to discuss the key issues facing this rapidly developing and growing economy. GLOBAL FINANCE: Does geopolitical shock ...

Brazilian companies, long used to concentrating on their country’s local market, are now increasingly going global. Just as the 1990s marked record foreign investment in Brazil thanks to a wave of privatizations, this decade is seeing a wave of Brazilian ...

Offering an increasingly transparent and business-friendly environment, Cyprus is attracting ever more investment from global corporations. Nearly 30 years ago, Kardex, a Swiss-based corporation that has its roots as a US typewriter company, saw the benefits of placing an operating ...

Mexico’s newly installed president faces a tough first year in office as he struggles to reconcile his promises with fiscal reality. Corn tortillas are a basic staple in Mexicans’ diet. But for the administration of the country’s new president, Felipe ...

The seemingly interminable wrangling over global trade encapsulated in the so-called Doha Round of talks might be about to come to an end. The dormant world trade talks may finally emerge from a prolonged suspension this spring as trade officials ...

China China’s central bank governor Zhou: Trade surplus will be lowered China’s central bank is considering further options for lowering the country’s trade surplus and tightening the money supply, governor Zhou Xiaochuan told reporters in Switzerland at a January meeting ...

Wielding increasing global power, Russia could be on the verge of becoming a real partner with Europe Rich in natural resources, Russia likely will enjoy a ninth straight year of solid economic growth in 2007. While the 1998 financial crisis ...

GENTLY DOES IT COUNTRY REPORT / MEXICO Investors are generally optimistic about the outlook in Mexico under new president Felipe Calderón. He faces plenty of challenges, but Mexico’s newly elected president, Felipe Calderón, might just be the right man to ...

After a decade of tumultuous upheavals in the 1990s, the currency markets in the 21st century have been remarkably calm. They might not stay that way for long. If there is a single decade when currencies and foreign exchange were ...

Rania Nashar, CEO of Samba Financial Group, is the first female CEO of a listed commercial bank in Saudi Arabia. She talks about modernization in the kingdom and at the bank, as well as Samba’s role in supporting the reinvention of the national economy.