Foreign Exchange

THE POWER OF ONE   By Gordon Platt   Thirty-one years have passed since the six Arab oil-producing countries of the Gulf formed an economic and strategic alliance, following the outbreak of the Iran-Iraq war.   Known as the Gulf ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   The euro is likely to decline against the dollar in the medium term, due to political uncertainty in Europe and weak economic conditions, analysts say.   “The eurozone debt crisis is ...

PLATINUM MINING PROJECT PROMISES BIG REWARDS   By Antonio Guerrero   South Africa’s state-owned Industrial Development Corporation (IDC) has entered into a $420 million public-private partnership to develop a mine that could become one of the world’s largest platinum producers over ...

The outgoing president of the World Bank, Robert Zoellick, recently made a statement that we consider particularly relevant to our readers...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The dollar rose sharply last month after the Federal Open Market Committee’s meeting in March signaled that further monetary easing is unlikely unless the US economy slows significantly or the inflation rate ...

MILESTONES: GLOBAL   By Valentina Pasquali   Over the past few years markets have experienced declining trust in fiat money, a slow departure from the US dollar as a reserve currency and growing interest in bullion, particularly as a hedge against ...

TURKEY’S LEADING GLASSMAKER EXPANDS ABROAD   By Gordon Platt   Glassmaker Şişecam has a near monopoly on the glass market in Turkey, where it operates a chain of retail outlets for its Paşabahçe brand of glassware, and where its flat-glass output ...

REGULATORS BOOST FOREIGN PORTFOLIO INVESTMENT LIMITS   By Thomas Clouse   Chinese regulators will allow more foreign participation in domestic capital markets, increasing the quota for its qualified foreign institutional investor (QFII) program from $30 billion to $80 billion.   According ...

A REGION IN TRANSITION   By Vanessa Drucker   Since the fall of the Berlin Wall, former Iron Curtain countries have embarked on a long road toward liberal market economies.   Since the 1990s—during their accession to the European Union ...

GREAT EXPECTATIONS   By Justin Keay   The government has lofty aspirations for Turkish growth, but reform and demographic development are necessary for the nation’s economy to reach its potential.   The coming year could be a good one for ...

LAND OF OPPORTUNITY   By Antonio Guerrero   A number of African markets may be on the verge of massive growth—fueled by a rising consumer class.   Given the long-standing reputation for political and economic volatility in some African markets, ...

A DIM SUM BANQUET   By Arthur Clennam   The offshore renminbi market has been growing rapidly, but its character is changing.   Were it a new model car, the market for offshore renminbi trading might be dubbed the “Inexorable”—but ...

FOREIGN INVESTORS MAY EXIT IF FAVORABLE TAX TREATMENT DISAPPEARS   By Aaron Chaze   Foreign investors routing investments to India through Mauritius could potentially be taxed on their short-term gains, under a tax law amendment that was proposed in the recently ...

WITH A COOL HAND   By Laurence Neville   China is taking advantage of the European crisis to make strategic investments in the Continent and encourage companies to pick up cheap assets. But the Asian nation is taking a slow ...

SEEKING STABILITY   By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt   Global Finance presents its 19th annual awards for the best banks in the developed and emerging markets.   The global financial system is out of the recovery room ...

SEA CHANGE   By Andrew Cunningham   Global Finance presents a half-year update to its annual ranking of The World’s Safest Banks.   The safest banks in the world are still European banks, despite the crisis in the eurozone, but ...

BINDING COMMITMENT   By Anita Hawser   The EC has finally announced a legally binding end-date for SEPA migration. Now companies and their banks must get serious about migrating.   During a recent visit to her firm's Canary Wharf offices, ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   The foreign exchange market continues to be rattled by Europe's debt crisis, analysts say the issue is far from settled.   The foreign exchange market continues to be rattled by ...

MILESTONES: UNITED STATES   By Valentina Pasquali   Struggling with a sagging real estate market and a weak economic recovery, the US has been revamping its efforts to attract foreign investors. For example, the current administration is pumping new life into ...

In deciding to focus on elections worldwide for this month's cover story, we weren't just pondering their political implications and the relative uncertainty they occasion, we were also considering the global nature and impact of uncertainty in a single national election...