Global Finance

As corporate responsibility becomes a staple corporate tool, it is easier than ever for corporations to live by principles they can be proud of. The cost of failing to act responsibly is rising, too.Pity the poor corporation with global ambitions but...

Global Finance unveils its annual list of the best banks in developed markets around the world.There are barely enough superlatives in the dictionary to describe the financial performance of the world's best developed market banks. These global powerhouses...

The apparent cause of the turmoil in global equity markets and emerging market currencies that began in late February was China's crackdown on unauthorized stock trading, which triggered an 8.8% decline in the Shanghai stock market in a single day."One...

BELIZEWhen Belize successfully closed its long-awaited debt restructure, it avoided what many thought was an imminent default. For Prime Minister Said Musa, whose popularity has been slipping, the transaction also may have improved his political standing.The...

Jamaica-based Digicel placed $1.4 billion of high-yield bonds with institutional investors in an innovative financing to take the fastest-growing mobile phone operator in the Caribbean private.Irish billionaire Denis O'Brien, founder and chairman of...

INDIAAs the Indian economy marches strongly toward an annual 10% GDP growth rate, its inadequate infrastructure is beginning to create serious inflationary pressures (see feature, page 63). Competition for transport facilities coupled with sustained...

An investor group led by private equity firms Kohlberg Kravis Roberts (KKR) and Texas Pacific Group definitively agreed to acquire Dallas-based power company TXU for $32 billion in the biggest leveraged buyout in history.To help win approval for the...

CHINAChina has long attracted Western investors with its promise of newfound riches and a recently liberalized economy seeking foreign know-how and investment. Yet anyone who has done business in the country knows that, despite WTO membership, Chinese...

The nations of the Middle East are increasingly looking to the private sector to help build crucial infrastructure projects.As the countries of the Middle East strive to create modern infrastructure to support development and compete in global markets,...

RUSSIAThe global emerging market correction brought Investors In Russia back to earth, as the country's equity market lost 10% In three days. After appreciating 71% In 2006, the Russian market Is down 7% in the first 10 weeks of the year. A bulging offering...

Shrugging off political uncertainty and a rising currency, the Philippine economy is enjoying steady growth. Plenty of pitfalls remain, however.Philippine politics is rarely dull, I and 2007 is likely to be no different. While the country has been enjoying...