Global Investing

MILESTONES: GLOBAL   By Erik Heinrich   Japan has been invited to participate in negotiations that extend the reach of Nafta into South America and the Asia Pacific region.   Other members of the Trans-Pacific Partnership (TPP), expected to be the world’s ...

MILESTONES: LUXEMBOURG   By Forrest Jones   Another tax haven is set to unveil its operations, this time in Western Europe. Luxembourg recently agreed to share confidential banking details belonging to multinational companies with its neighbors.   The move, which will help ...

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS By Gordon Platt Brazilian companies are rushing to go public despite a double-digit decline in the benchmark Bovespa stock index so far this year. A record $7 billion was raised from six initial public offerings ...

CORPORATE FINANCING NEWS: CORPORATE DEBT   By Gordon Platt   Apple’s $17 billion corporate bond offering was not only the largest in history, but it exemplified a clever financial strategy that will save the company billions of dollars in US taxes. ...

MILESTONES: IRAQ   By Gordon Platt   The five largest nongovernmental banks in Iraq posted a 207% increase in aggregate earnings between 2010 and 2012, thanks to the country’s strong economic growth and increasing demand for credit, according to a report on ...

STRONG RESPONSE TO NEW BANKING LICENSES   By Aaron Chaze   As of early May nearly 100 Indian corporate entities have expressed interest in the Reserve Bank of India’s invitation for applications for new bank licenses.   Photo Credits: RUPA / ...

ODD MAN OUT   By Dan Keeler   One of the few frontier markets to adopt the euro, Estonia has proved to be a beacon of hope in a region of uncertainty.   Estonia is on a healthy trajectory. Economic ...

NEW OIL REFINERY TO NEARLY DOUBLE NIGERIA’S OUTPUT   By Antonio Guerrero   Aliko Dangote, head of the Dangote Group and ranked as Africa’s wealthiest man, will invest up to $8 billion to build a new oil refinery complex in his ...

A DECOUPLING IN THE WORKS   By Udayan Gupta   Intraregional investment within Asia is starting to take hold—reducing reliance on demand from developed markets.   When Essar Power, a unit of Asian energy giant Essar Energy, raised approximately $900 ...

NEWSMAKERS: KENYA   By Dan Keeler   Kenya appears set to reap a substantial investment dividend in the wake of its largely peaceful presidential election held in early March.     Kenyatta beats his rivals Analysts believe that portfolio flows and foreign ...

WORLD OF OPPORTUNITY   By Dan Keeler   In a new monthly feature, Global Finance delves deep into the opportunities in frontier markets. With youthful populations, underutilized natural resources and eagerness to join the global economic community, the world’s frontier ...

Best Derivatives Providers 2011       WORLD’S BEST BANKS : Best Foreign Exchange Providers 2012 Best Subcustodians 2012 Best Islamic Financial Institutions 2012 Best Treasury & Cash Management Providers 2012 Best Trade Finance Banks 2012 Best Investment Banks 2012 ...

DOMESTIC CONCERNS PUSH INDIAN COMPANIES TO INVEST OVERSEAS   By Aaron Chaze   Overseas direct investment by Indian companies rose to $1.95 billion in August from $1.24 billion the previous month.   Sugar futures dropping on late monsoon season According ...

By Gordon Platt   FINANCIAL ADVISER: HSBC When Abu Dhabi needed a financial adviser for its latest seawater desalination and power project, Mirfa IWPP, it selected HSBC on their longstanding relationship and the bank’s reputation, without opening the contract to competitive ...

By Gordon Platt NORTH AMERICA FINANCIAL ADVISER: Mitsubishi UFJ Financial Group MUFG led the $585 million nonrecourse financing of the Wind Energy Transmission Texas project, and structured a $387 million construction loan for the Lone Star Transmission project, a 329-mile transmission ...

CHANGING OF THE GUARD IN PROJECT FINANCE   By Gordon Platt   As public purse strings tighten, pension funds are the most promising source of long-term funding for infrastructure projects, according to an OECD report supported by Oliver Wyman.   ...

UNDERMINING THE CULT OF EQUITY   By Jonathan Gregson   As alternative investments become mainstream and returns diminish, the traditional bias toward equity investment is being challenged like never before.   Even before globalization became a major theme, big investors had ...

GROWTH AND DEVELOPMENT   By Udayan Gupta   David Wilton is chief investment officer and manager, global private equity, at theWorld Bank's IFC, with responsibility for its investment program in emerging markets funds globally. He is a member of the Pension ...