Editor's Letter
Editor’s Letter: Summer Revival?
The summer has been alive with global central bank activityfrom lower interest rates to new and more creative monetary measures...
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Economics, Policy & Regulation
Emerging Markets Roundup: Africa
FEELING THE EFFECTS OF ECONOMIC CONTAGION By Antonio Guerrero The Africa Finance Corp, a multilateral finance institution based in Nigeria, says it has a pipeline of sub-Saharan investment projects worth $3 billion over the next year. The AFC ...
Emerging & Frontier Markets
Emerging Markets Roundup: Brazil
TIME-OUT FOR BRAZIL'S GROWTH BOOM By Antonio Guerrero Brazil's growth explosion could be ending. The Brazilian central bank in June cut the official growth target from 3.5% to 2.5% for 2012, after first-quarter GDP expansion was a meager ...
Capital Raising & Corporate Finance
Emerging Markets Roundup: China
CHINESE EXPORTS DEFY EXPECTATIONS By Thomas Clouse China has given its banks more freedom to determine their own interest rates by declaring in June that banks could offer lenders rates as low as 80% of the official rate ...
Economics, Policy & Regulation
Emerging Markets Roundup: India
GOVERNMENT TO SELL OFF STAKES, REDUCE DEFICIT By Aaron Chaze The administration announced renewed efforts to sell stakes in government-run companies in order to reduce the fiscal deficit. It plans to raise INR300 billion ($5.4 billion) by ...
Banking
Emerging Markets Roundup: Middle East
KUWAIT ORDERED TO PAY DOW CHEMICAL $2.16 BILLION By Gordon Platt Kuwait's state-run chemical company must pay the US's Dow Chemical $2.16 billion for wrongfully canceling a planned joint venture in December 2008, as the global economy was ...
Emerging & Frontier Markets
Emerging Markets Roundup: Russia
PRIVATIZATION PLAN COULD STUMBLE BEFORE LEAVING THE GATE By Kim Iskyan In early June, Russia's largest bank, Sberbank, agreed to buy DenizBank of Turkey from French-Belgian lender Dexia, for $3.5 billion. The deal marked Sberbank's second-largest transaction in recent ...
Capital Raising & Corporate Finance
Equity: Strong IPO For Malaysia’s Felda
STRONG IPO FOR MALAYSIA'S FELDA By Gordon Platt Malaysian palm-oil producer Felda Global Ventures priced its $3.1 billion initial public offering near the top of its indicative range on June 13, amid strong demand from investors, who are ...
Economics, Policy & Regulation
Financial Reporting Still Plagued By Delays
MILESTONES: GLOBAL By Valentina Pasquali Companies worldwide are making big changes to their reporting processes—seeking relief from the high costs associated with missed regulatory deadlines and poor-quality data. They are investing more and more in their financial ...
Economics, Policy & Regulation
Former FDIC Head Launches Her Latest Crusade
NEWSMAKERS: UNITED STATES By Luca Ventura Sheila Bair is determined to turn up the heat on regulators and accelerate financial reforms. Bair: protecting the US economy from the next crisis Photo Credit : ALBERT H. TEICH/ Shutterstock.com ...
Capital Raising & Corporate Finance
FX: Euro Tumbles, EU Debt Crisis Grows
CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The European debt crisis remains the key focus of foreign exchange market participants, as the slowdown in the global economy increases pressure on central banks and government officials to take ...
Banking
GCC regional report: Crafting A New Future
OMAN: CRAFTING A NEW FUTURE By Gordon Platt Keenly aware that its vital oil resources are dwindling, Oman has embarked on a major economic diversification program. Oman's economy has grown steadily in recent years, helped by rising ...