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Banking

Cover Story : Recession Proof

MIDDLE EAST REGIONAL REPORT RECESSION PROOF Saudi Arabia epitomizes the trend toward big spending on infrastructure by oil-rich nations that is keeping their economies afloat. By Gordon Platt The Middle East is not immune to the effects of the global ...

News

Editor’s Letter: Safety Catch

SAFETY CATCH <br/> The two most powerful forces in modern capitalism are, arguably, greed and fear...

Emerging & Frontier Markets

Emerging Markets : Africa

Tsvangirai: Vowed to restore relations with the IMF. The African Development Bank has used its own capital base to create a $1.5 billion trade finance facility that aims to fuel trade and investment in the region. African commercial lenders and ...

Emerging & Frontier Markets

Emerging Markets : Brazil

Brazil's air force is helping finance Embraer's $500 million development program for a new military transport plane. Following Brazil’s recent credit boom, banks are starting to face increased customer arrears. A research report from BB Investimentos, a division of Banco ...

News

Emerging Markets : Britains attemps to solve regulatory puzzle

UNITED KINGDOM Britain’s Financial Services Authority (FSA), much criticized for regulatory and supervisory failings that critics say have exacerbated the country’s financial crisis, is to abandon its much-vaunted light-touch approach to regulation. ...

Emerging & Frontier Markets

Emerging Markets : Byblos Bank Lists In London; First Lebanese Firm In 12 Years

DR NEWS Byblos Bank, one of the leading banks in Lebanon, listed its global depositary receipts on the London Stock Exchange, which now trades 37 companies based in the Middle East. Byblos Bank, which has expanded rapidly into international markets ...

Emerging & Frontier Markets

Emerging Markets : China

On track: China's stimulus package will boost railroad investment. China is pouring money into railroads and energy production as the implementation of the country’s 4 trillion yuan ($585 billion) stimulus package moves forward. Urban fixed asset investment grew by 26.5% ...

Emerging & Frontier Markets

Emerging Markets : Chinese Property Firm’s Sales Rise

COMPANY TO WATCH: COLI/CHINA China Overseas Land & Investment (COLI), a subsidiary of China State Construction Engineering, could be a beneficiary of China’s economic stimulus package. China’s largest developer by market value, COLI also focuses on infrastructure investment. The Hong ...

Emerging & Frontier Markets

Emerging Markets : First Colombian ETF Trades On Nyse Arca

NEWS The first exchange-traded fund that seeks to replicate the performance of the 20 most-liquid securities in the Colombian market has begun trading on NYSE Arca, an all-electronic US trading platform. Global X Management, a New York-based asset ...

News

Emerging Markets : Governments transform M&A landscape

EUROPE The cross-border M&A; activity that has characterized financial services for the past few years has virtually ground to a halt as increasing government involvement radically reshapes the market. PwC's Nick Page Nick Page, partner, PricewaterhouseCoopers, ...

Emerging & Frontier Markets

Emerging Markets : India

Electoral gains: Poll-related spending will help boost India's economy in 2009. According to a consensus taken from a group of prominent Indian economists, including those representing the Prime Minister’s Economic Advisory Council, J.P. Morgan India and S&P; Asia Pacific, ...

Emerging & Frontier Markets

Emerging Markets : Rush To Modernize Is Matched By The Race To Invest

CHINA Competition between Beijing and Shanghai to become China’s financial center intensified as Beijing officials launched a road show to lure European financial institutions to the capital. Although Shanghai is home to one of China’s two stock exchanges, ...