Global Investing

MODERNIZATION   By Justin Keay   Back in 1987 the main recipients of foreign direct investment were developed markets, plus some of Asia's miracle economies. Emerging markets barely featured. Today Russia and Poland are in the top 25 along with India, ...

WILL JAPAN REGAIN ITS GREATNESS?   By Michael Shari   Business is trying to resurrect Asia's economic miracle a year and a half after the Tohoku tragedy.   Tokyo is enjoying a long-deserved renaissance. Young professionals are converging from all ...

PRIME TARGET   By Vanessa Drucker   Portugal is being held up as a model of reform in meeting its fiscal restructuring targets, but it faces a drag on growth from financial sector deleveraging. Meanwhile, Portuguese firms have become prime ...

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 ...

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, ...

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 ...

By Michael Shari REGIONAL AWARDS - NORTH AMERICA BEST INVESTMENT BANK Goldman Sachs Goldman Sachs has built what KBW’s Cannon calls “the powerhouse brand” on Wall Street by constantly structuring complex deals that combine its three core businesses—equity, debt and ...

ABUNDANT FLOWS   By Gordon Platt   The oil and gas sector is leading an investment explosion in the region, particularly in Saudi Arabia and Qatar.   Photo Credit: PAUL COWAN / SHUTTERSTOCK.COM Led by Saudi Arabia and Qatar, the ...

By Michael Shari GLOBAL AWARDS BEST INVESTMENT BANK Goldman Sachs In a year when success in investment banking was defined by survival, Goldman Sachs gained market share by devising extraordinarily creative solutions for its clients in raising capital across asset ...

By Michael Shari COUNTRY AWARDS - NORTH AMERICA CANADA BMO Capital Markets Thanks to its strength in mining and energy, BMO Capital Markets commanded a 20.1% share of Canada’s M&A market last year. That was more than any other bank, comprising ...

By Michael Shari SECTOR AWARDS CONSUMER Citi Despite the fact that Citigroup’s overall market share was flat last year, it was the lead bookrunner of the largest equity capital market deal in the consumer sector by far. Citi raised $2 ...

By Michael Shari LEGAL ADVISERS GLOBAL Simpson Thacher & Bartlett Advising companies on 154 M&A deals worth $294.5 billion, Simpson was ranked number one by Thomson Reuters in 2011. It advised Petrohawk Energy on its $15.1 billion sale to BHP ...

ANNUAL SURVEY AND AWARDS— REDEFINING SUCCESS   By Michael Shari   Global investment banks and strong local banks make the list in our annual awards.   For an investment bank, success has long been defined as staying true to one’s ...

By Michael Shari DEALS OF THE YEAR BEST EQUITY DEAL Glencore International $10.1 billion IPO Lead Manager: Citi Global Bookrunners: Credit Suisse, Morgan Stanley, Bank of America Merrill Lynch, BNP Paribas   In Europe’s largest IPO since 1999, Glencore International of ...

KEEPING IT VANILLA   By Vanessa Drucker   Corporate users of equity derivatives continue to seek out simple, transparent products. Until regulatory overhaul is complete, this tack is unlikely to change.   The ripples from the 2008 financial crisis continue ...

NEW HORIZONS   By Solomon Teague   Regulation is making it harder for banks to lend to infrastructure projects. New types and sources of funding will be needed to handle a wave of infrastructure development now under way—particularly in the ...

REAL ESTATE FINANCING: NEW AVENUES   By Vanessa Drucker   Real estate projects are getting capital injections from new and diverse sources as traditional bank lending dries up.   Banks around the world have become skittish about lending. Although central ...

COVER STORY: ALTERNATIVE FINANCING   By Laurence Neville   Small and medium-size companies are vital to economic growth and critical to corporate supply chains. Yet traditional lending is virtually closed to SMEs in most markets—certainly in developed markets of the West. ...

    PREPARING FOR THE WORST   By Antonio Guerrero Latin American countries are starting to build reserves and diversify economies to brace for a possible global downturn. The question is whether it will be enough to protect the export-driven ...

EMERGING MARKETS INVESTOR: NEWS   By Gordon Platt   Stock exchanges in the BRIC countries, plus South Africa, plan to cross-list equity index derivatives as the first phase of a joint initiative announced at the annual meeting of the World ...