News
Editor’s Letter : Seeing beyond the numbers
In a brutal global market where so many are losing so much, it is hard to find any organization that looks like it will emerge as a clear winner from the current financial turmoil...
News & Features Archive
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Emerging & Frontier Markets
Emerging Markets : Banks Continue Consolidation
BRAZIL Brazil’s banks continued their consolidation trend, with the most recent deal in November creating Latin America’s largest financial group. Itaú, Brazil’s second-largest non-state-owned bank, announced its acquisition of Unibanco, the country’s third-largest, in a stock transaction valued ...
Emerging & Frontier Markets
Emerging Markets : Braced For Global Slowdown
CHINA Chinese authorities in infrastructure spending spree to stimulate economy. China will spend 4 trillion yuan ($586 billion) over the next two years on infrastructure and social welfare projects, the country’s State Council announced on November 9. Policymakers ...
Emerging & Frontier Markets
Emerging Markets : Colombian Cement Maker Starts Level I Adr Program
DR NEWS Cementos Argos, the fifth-largest cement producer in Latin America, began trading its shares in the US over-the-counter market in the form of American depositary receipts. The Medellín, Colombia-based company makes white and gray cement, as well ...
Emerging & Frontier Markets
Emerging Markets : Crisis Starts To Bite Harder
AFRICA Manuel: Rand's slide will help the country balance its books. Johannesburg-based AngloGold Ashanti, Africa’s largest gold producer, hopes to refinance a $1 billion convertible bond before Christmas, despite current market conditions that have all but closed the ...
Emerging & Frontier Markets
Emerging Markets : Dubai Exchange To Boost Local Trading
MIDDLE EAST Dubai's International Financial Exchange: Simplifying access. In an effort to stimulate more trading by local investors, the Dubai International Financial Exchange (DIFX) is now allowing companies to list, trade and clear in UAE dirhams, as well ...
Emerging & Frontier Markets
Emerging Markets : Employment Market Shrugs Off Global Downturn
INDIA Boom from bust: State Bank of India is taking on more staff as business builds strongly. India’s job market appears to have escaped unscathed in the global wave of retrenchment. There were concerns that the outsourcing industry ...
Emerging & Frontier Markets
Emerging Markets : IMF And Fed Fail To Stem Asset Flight
NEWS The International Monetary Fund’s new short-term lending program and Federal Reserve swap lines could help ease currency and interest rate pressures in eligible emerging market countries but may be no panacea for the exodus of private funds ...
Emerging & Frontier Markets
Emerging Markets : Medvedev’s Troubles Set Stage For Putin’s Return
RUSSIA Medvedev: Struggling through a turbulent first year in office. The Russian government is struggling to contain a rapidly unfolding and sharply accelerating economic crisis. The ruble has continued to slide—the currency has devalued 10% against the dollar ...
Emerging & Frontier Markets
Emerging Markets : Tiger Brands/South Africa – Tiger Brands Pounces In Kenya
COMPANY TO WATCH: TIGER BRANDS/SOUTH AFRICA Tiger Brands, South Africa’s biggest food producer, is expanding internationally, particularly in Africa and primarily through acquisitions. The company recently completed the purchase of a controlling interest in HACO Industries, a Kenya-based ...
Emerging & Frontier Markets
Features : An Uphill Battle
AFRICA Regional trading groups are struggling to boost intra-regional trade flows in sub-Saharan Africa. Illicit trade continues to flourish in Southern Africa, with smuggled goods totaling an estimated $50 billion a year. Fears of a global recession and a ...
Award Winners
Features : Banking On Innovation
BEST INTERNET BANKS 2008 In the second of a two-part series, Global Finance identifies the best corporate/institutional and consumer Internet banks globally and in six regions. These are tough times for banks to focus on Internet ...