Global Finance

A monthly publication providing news and analysis of global market and economy. Focuses on corporate finance, capital markets, and more.

Articles from Vol. 25, No. 1, January

Africa
Nigeria requires annual investments of up to $10 billion to tackle its infrastructure deficit, according to government officials in Abuja. Much of the investment would be focused on meeting the government's target of building electricity generation capacity...
An Eerie Sense of Déjà Vu
In our cover story this month we take a sobering look at the prospects for the year ahead, and what we find is eerily familiar. Sovereign debt worries, potential trade wars, continuing concerns that the US economy may yet stumble back into recession,...
A New Frontier
With Islamic financial institutions seeking to expand into emerging markets in Africa and Asia, could Latin America be next?While Islamic financial institutions have aggressively expanded through Asia and Africa, Latin America presents a new frontier....
Basel III, Technology, and Your Bank
Tomorrow's enterprise will be molded by a number of disruptors and constraints. The mobile revolution and social media are both technological disruptors. Non-traditional entrants into the market (for example, Walmart's and Tesco's entry into banking)...
Biggest Emerging Market Banks 2010
Regional powerhouses in Asia and Latin America continue to build their presence as their markets recover strongly from the global recession.While much of the developed world continues to wresde with the debilitating fallout from the recent global economic...
Bond Sell-Off Spares High-Yield Debt
The high-yield corporate debt market was unscathed by the dramatic sell-off in the US treasuries market in early December that followed news of President Obama's deal with congressional Republicans to renew the Bush-era tax cuts and extend unemployment...
Brazil
Brazil's newly installed president, Dilma Rousseff, provided a firm indication of her administration's plan to continue the economic policies of her predecessor, Luiz Inácio Lula da Silva, by keeping key members of his economic team on her cabinet. Antonio...
Bric Countries Likely to Lead DR Capital Raising in 2011
Corporate Finance FocusComing off the bailout ot Ireland, and with several other European countries denying they need outside help, the outlook for the financial markets in 2011 is somewhat clouded, but emerging markets will continue to attract investors...
Businesses Brace for Bribery Crackdown
United KingdomIn a sign that regulators are clamping down on bribery and corruption in international business, from April 201 1 the UK will implement what legal experts are describing as "one of the strictest anti-bribery regimes in the world." According...
China
Growth in consumer and producer prices in China continued to accelerate in November, prompting policy makers to raise reserve ratios and direct the country's stateowned banks to further limit lending. The National Bureau of Statistics (NBS) announced...
China Blows Past US in Clean Energy Investment
ChinaWith strong government backing and clear goals for increased capacity development, China is fast surpassing its counterparts in the West, including the US and Germany, in building and supporting cleantech investment. In fact, prospects for cleantech...
Deal Activity Likely to Pick Up in 2011
There will be a substantial increase in mergers and acquisitions in 2011, following a relatively flat year for M&A in 2010, as companies have plenty of cash to spend on strategic acquisitions, particularly in fast-growing emerging markets, analysts...
Demand for Hedging Surges
Renewed turmoil in Europe, supply shortages and the growing impact of financial investors are driving renewed demand for commodities hedging.For most of 2010, producers and consumers of many commodities had little or no reason to hedge against global...
Dollar Recovers as US Yields Rise on GDP Outlook
The tax deal reached between President Obama and the opposition Republican Party could boost US economic growth to around 3% in 2011, economists forecast. The improved economic outlook and rising bond yields are expected to lift the dollar further against...
Europe Maintains Focus on Development Aid
EuropeSpare a thought for Andris Piebalgs, the EU's development commissioner. At a time when politicians across Europe are telling people to tighten their belts during the toughest fiscal retrenchment in living memory, Piebalgs has a different task:...
Fear Factor
Last year the global economy dodged some scary-looking bullets. This year it might not be so lucky.As volatile and unnerving as it was, 2010 provided a welcome respite from the turmoil of the previous two years. Many of investors' and corporate executives'...
FX Update
China's Prudence May Not Bode Well For MarketsThe PBOC's refusal to hike interest rates more than once last year kept real interest rates firmly in negative territory. This goes a long way to explaining why China's economy has hardly broken stride since...
India
Significant improvement in heavy industrial sectors drove up India's Index of Industrial Production (IIP) by nearly 11% year-on-year during October 2010, a significant step up from September's 4.4% year-on-year rise. The latest statistics released by...
Islamic Finance Set to Score as Qatar Lands Soccer World Cup
QatarAs Qatar kicks off its campaign to ensure it has the infrastructure to host the 2022 FIFA World Cup, the region's banks are hoping the massive investment will lead to a boost for Islamic financing. However, according to Amjad Hussain, Islamic finance...
Looking Ahead
Global Finance brings together some of the top minds in treasury and cash management to discuss risk management, technology, regulation and the future of cash management.Global Finance: We seem to be in a global economic environment in which minimal...
Obama Sets New Course for Next Two Years
United StatesPresident Barack Obama's tax deal with the Republican opposition and his efforts to woo business leaders demonstrate a willingness to compromise and suggest a new direction for his administration in the next two years. On the first day after...
Opening Up
As its economy slowly becomes more open, Libya is attracting the attention of a wider range of potential investors than just adventurous oil companies.In the old days of the Soviet Union, sovietologists would gauge reform prospects by studying the Kremlin...
Russia
Global football organization FIFA awarded Russia the right to host the World Cup tournament in 201 8. triggering jubilation throughout the country. The Russian government estimated that building 13 new stadiums for the event, along with massive expansion...
Slow Progress
Proponents of the Single Euro Payments Area are considering stringent measures to encourage companies to hop on board.As eurozone countries busy themselves implementing liquidity measures designed to calm market fears about sovereign debt problems in...
Uncertainty Breeds Currency Volatility
Global Finance selects the leaders in the world's biggest financial market, where trading averages $4 trillion a day.Europe's sovereign debt crisis, China's monetary tightening and the Federal Reserve's quantitative easing are creating turbulence in...
WTO Ruling on Chinese Tires Stirs Trade-War Worries
United States/ChinaThe fallout from the World Trade Organization's ruling last month that the US was within its rights in imposing import tariffs of up to 35% on Chinese tires to safeguard the US tire industry will have widespread repercussions. China...