Global Finance

Africa is at the cusp of major change. Whether that change involves greater economic growth and an improved standard of living depends on both internal and external events over the next few years.The world's population recendy passed seven billion and...

Greece's politicians must balance growth and austerity, but it will mean walking a tightrope with no safety net in sight.Greece needs a fresh blueprint for economic and social survival. Eurozone debt restructuring packages may dominate media headlines,...

Who would have predicted that the Europeans would try to get financial support from China, Portugal would try to get investment from Brazil, French banks could try for funding from Russia, or that the US administration would criticize the "lack of action"...

Risk aversion appeared to be creeping back into the markets in early November, as die initial euphoria about the eurozone 's master plan to solve the debt crisis began to fade. Italy's bond yields rose and European bank shares declined.Europe's "grand...

The emerging markets are affected to a greater or lesser degree by what is happening in the developed world. Those countries and regions that are most closely tied to the West-such as Central Europe-will be hardest hit by ongoing eurozone strife. Commodity-rich...

BNY MELLONGLOBAL MARKETSA Closer Look At US Inflation and the USD OutlookOne of the principle factors that has undermined the US dollar for the past four years has been falling US interest rates and negative interest rate differentials. An equally important,...

KYRGYZSTANLate October's landslide victory of incumbent prime minister Almazbek Atambayev as the new president of Kyrgyzstan may bring a modicum of stability to the country's tumultuous domestic political environment. But while there is a glimmer of...

GLOBALWhile the focus at the moment may be on bailing out indebted countries in the eurozone, one of the legacies of Lehman's collapse is the need for systemically important financial institutions (SIFIs) to draw up "living wills."The G20 meeting in...

BRAZILBrazil's state-controlled Petrobras oil company is selling its worldwide noncore assets to support a $224 billion capital expenditure plan for 2012-15-which will fund development of the country's pre-saft offshore oil fields. Among the first Petrobras...

Counterparty risk trumps pricing as criteria for picking derivative providers. Wall Street is retaking market share from European rivals.Never underestimate the sleight of hand with which the fast-paced derivatives industry can change directions. The...

INDIACorporate dealmaking in India has declined in the period of the year through October 201 1 .According to global consulting firm Grant Thornton, domestic and crossborder mergers and acquisitions by Indian companies totaled $33.6 billion - down from...

As the year stretches into its final quarter, 2011 is shaping up to be more of a megadeal market than it has been in the last few years. On the energy front and in the healthcare arena, buyers are ponying up billions of dolían for assets. At the same...

Despite global economic uncertainty, tightening regulation and intensified competition, Industrial and Commercial Bank of China continued to increase its profits, optimize its loan structure, and build net fee and commission income in the first half...

Predicting what countries will be the next growth outperformed is tricky at best. Those firms that back the winners will undoubtedly profit, and the countries that make the list will attract greater foreign investment and gain political clout.Japan had...

ITALYAs yields on Italian debt crept above 7% In mid-November, all eyes were on Italy as the next house of cards that could come tumbling down in the eurozone. However, it seems Italy's economy is not the only casualty from the eurozone debt crisis....

Asia is watching closely to see what happens to the West's buckling economies. However, intraregional trade growth and ever-increasing trade between the emerging markets will help cushion any impact.Much of the world's attention is focused on whether...

JAPANWhen Michael Woodford was promoted to president and then CEO of camera and medical equipment maker Olympus Corporation earlier this year, analysts and investors had high hopes for the future of the 92-year-old Japanese firm. After less than eight...