Emerging Markets

ASIA | As the regional powerhouse restructures and tackles debt problems, neighboring nations are feeling the impact.

Following the FX benchmark rate-fixing scandal, which saw six banks fined almost $6 billion, currency traders at corporate and financial institutions worldwide are revising how they execute transactions.

Sparkling office towers won’t draw business without the right policies.

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.

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.

We present a rare tour of the newly opened Iranian banking sector.  Westerners will be surprised by what they find—in both philosophy and performance—in this long-hidden area of the banking world.

With each country responding differently to the commodities crash, Africa showcases a range of mitigating efforts, with varying success.

While Latin American economies are expected to shrink by roughly 1% this year, Mexico is slated to grow 2.2%.

Zambia offers a range of advantages and opportunities for foreign investors, but they may want to wait awhile until some risks play out.

Milestones | Brazil
In this time of recession, Brazil’s economy is becoming more agribusiness-oriented. The sector generated 23% of Brazilian GDP last year, after 21.4% in 2014, and accounted for 46.3% of total exports.

Capital Markets | Regulation
“Nothing will make us deviate or change our course. We are not exiting our operations in any of our African markets,” declared Maria Ramos, CEO of Barclays Africa.

Milestones | Argentina
As Argentina prepares to launch a new bond issue in April, marking its return to international capital markets, investors are once again turning their attention to Buenos Aires, which has known 15 years of isolation.

By any measure QNB has major ambitions. It is the largest bank in Qatar and one of the leading financial institutions in the Middle East and Africa. It does not stop there. QNB has set its sights on becoming a global bank by 2030. QNB’s group chief executive discusses with Global Finance the regional downturn, success in Africa and its plans for a global presence.

Discussing Africa's Middle Class with Don Hultman, head of client coverage and investment banking for Standard Bank New York

The Middle East is no stranger to political and economic uncertainty, but simmering religious and political tensions and stubbornly low oil prices have dealt the region a difficult hand. The question now is: How will countries play in order to win? 

Cuba: News that Anglo-Dutch consumer products company Unilever will return to Cuba to build a $35 million plant in the special development zone at the port of Mariel, about 40 kilometers west of Havana, is one of the clearest signs yet that the communist nation is taking a more pragmatic approach to foreign direct investment.

The republic of Trinidad and Tobago girds for austerity as oil brings in less foreign exchange.

A new era kicked off on December 31, 2015, for the 10 countries that are part of the Association of Southeast Asian Nations: The alliance launched the Asean Economic Community (AEC), a trade bloc aimed at creating a unified, cross-border market where labor, services and capital can flow without restrictions.

South Africa: After burning through two Finance ministers in 18 months—with the second having held the job for less than a week­—South Africa’s president, Jacob Zuma, moved in mid-December to restore a measure of stability to the post.

The axe fell on Brazil heading into 2016 as it suffered a downgrade to junk status by Fitch Ratings, heightening the air of crisis as the beleaguered nation grapples with political turmoil and recession.