Japan | Newsmakers
Just weeks after Haruhiko Kuroda, governor of the Bank of Japan, surprised the world with a bold plan to inflate Japanese assets and weaken the Japanese yen by buying 80 trillion yen ($680 billion) in Japanese bonds, exchange-traded funds and real estate investment trusts, prime minister Shinzō Abe upstaged him by calling a snap election for mid-December, two years ahead of schedule.
Macroeconomy & Globalization
Japan | Newsmakers
Vatican | Newsmakers
René Brülhart, known as the “James Bond of the financial world” for his high-profile role in cases such as the return of assets from Saddam Hussein to post-war Iraq and the uncovering of the Siemens bribery scandal, has become chairman of the Vatican’s anti-money-laundering unit.
Seeking A New Paradigm | Emerging Markets Growth
To ascertain whether emerging markets is an obsolete term, we must first understand what it means.
Middle East | Emerging Markets Regional Review
The drop in oil prices is likely to affect public spending in the rentier states of the Persian Gulf, and pressure is mounting on governments to reduce economic dependency on hydrocarbons.
India | Capital Markets
The rupee realizes international ambitions. The International Finance Corporation (IFC) sold its first rupee-denominated bonds in London in November to attract international investment in India’s infrastructure.
Asia-Pacific | Emerging Markets Regional Review
Structural changes in emerging Asia’s manufacturing-for-export markets are erasing the low-cost advantage.
Pakistan | Frontier Markets Focus
Pakistan’s ability to attract both foreign direct and domestic investment fell dramatically during the past decade. Some of the reasons why still apply.
For many years Global Finance has regularly covered emerging markets and frontier markets. This annual issue of the magazine, which is focused on the EM, goes a bit further. We analyze these markets regionally, but we also question the prevalent definition of emerging markets.
Qatar | Country Report
Qatar shows no signs of slowing its internal and external investment. The IMF says Qatar’s real GDP growth should average 6% to 7% in the medium term, supported by public investments, and will likely remain the fastest-growing in the region
Canada & China | Capital Markets
Canada and China have agreed to support the increased use of renminbi in trade, commerce and investment between the two countries.
Central & Eastern Europe | Emerging Markets Regional Review
Central and Eastern Europe has come a long way in the past 25 years, but the region must overcome some significant obstacles in 2015—particularly as Russia’s conflict with Ukraine continues.
Tunisia | Newsmakers
Elections in Tunisia in October, which saw the secular Nidaa Tounes party (39.7%) narrowly beat the incumbent Islamic party, Ennahda (31.8% of the vote), were widely praised for being free and fair. Questions remain, however, about their democratic robustness.
This issue of the magazine focuses primarily on the safest banks: those globally and in emerging markets, but also in each one of nearly one hundred countries.
Milestones | Colombia
The Organization for Economic Cooperation and Development (OECD) is a relatively small club of 34 countries. It seeks long-term social and economic development through data collection, analysis and discussions.
Newsmakers | Argentina
Argentine president Cristina Fernández de Kirchner in early October triggered the resignation of the head of the country’s central bank, Juan Carlos Fabrega, by criticizing him for not reducing manipulation of the country’s currency. His replacement, Alejandro Vanoli, formerly the head of the country’s securities regulator, CNV, doesn’t look likely to set Argentina on a better path.
COUNTRY REPORT | CYPRUS
Amid continuing harsh austerity measures, things are—very slowly—starting to recover, alongside restructuring that will change the focus of the economy. GDP in 2014 should contract by 3.5% before flattening out next year, with 0.2% growth forecast.
Annual Survey | Stars Of China
Nothing has characterized the recent pressure on traditional banking in China more than the challenge posed by Internet companies to the Big Four Chinese Banks
Regional Focus | The Levant
Offshore energy reserves, a stable banking sector and infrastructure gaps all present opportunities for foreign investment in the Levant region.
Global Finance sat down with John Jullens, partner of consulting firm Strategy&, to discuss the sustainability of growth in Asian economies.