News & Features Archive

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Newsmakers : US Shouldn’t Take Its Aaa Rating For Granted

UNITED STATES Nikola Swann: External imbalances put the dollar at risk of ratings downgrade. Standard & Poor’s credit analyst Nikola Swann says the dollar’s preeminent role in the world cannot be taken for granted. The greenback is still ...

Capital Raising & Corporate Finance

Corporate Finance : As Global Markets Stabilize, Analysts Say Dollar Could Lose Appeal As Safe-haven Currency

CORPORATE FINANCING NEWS / FOREIGN EXCHANGE As risk appetite returns to the global markets, the dollar could lose what little support it has gained from its role as a safe-haven currency during the recent period of turbulence, analysts ...

Capital Raising & Corporate Finance

Corporate Finance : China, Russia Compete For Biggest Ipo Of Year

GLOBAL EQUITY/DRS China is likely to have the year’s biggest initial public offering for the second year in a row, although there remains a chance that Russia will beat it out. As Global Finance went to press, China Construction Bank ...

Capital Raising & Corporate Finance

Corporate Finance : Commercial Paper Market Dries Up

CORPORATE FINANCING NEWS / CORPORATE DEBT The market for short-term corporate IOUs, or commercial paper, has continued to shrink in recent weeks amid the spreading credit crunch, putting more pressure on traditional bank credit lines. Commercial paper outstanding in the ...

Capital Raising & Corporate Finance

Corporate Finance : Deals Still Getting Done, But They Are Smaller

MERGERS & ACQUISITIONS The global credit crunch appears to be having a major impact on the size and financing of takeovers, where cash deals for much smaller targets are increasingly the rule. The biggest announced M&A; transaction worldwide in August ...

Economics, Policy & Regulation

Cover Story : Trying Times

THE WORLD BANK The World Bank’s struggle to redefine its role in a globalized economy has raised a fundamental question: Do we really need a World Bank? No sooner had the dust settled after the controversial departure of ...

Emerging & Frontier Markets

Editor’s Letter : A World-class Conundrum

To many, the World Bank is still the planets leading poverty-fighting institution...

Emerging & Frontier Markets

Emerging Markets : EM Buyers Sitting On Long-Term Gains

NEWS Foreign institutional buyers who purchased emerging market equities to realize value from long-term investments are not exiting their positions, despite increased volatility in global markets, according to a leading broker in the markets. There has been no increase in ...

Emerging & Frontier Markets

Emerging Markets : Growth Races Ahead

INDIA Organized retail is growing in India. India’s economic growth continues apace. For the April-June 2007 quarter, which is the first for the Indian fiscal year, GDP growth was 9.3%—up marginally from the previous quarter’s growth, which came ...

Emerging & Frontier Markets

Emerging Markets : Investors Cheer As Rules Are Relaxed

CHINA On the rise: China's rule changes have boosted Hong Kong's markets. China has further relaxed constraints on the investment industry, saying it will, for the first time, allow private citizens to invest individually in the Hong Kong ...

Emerging & Frontier Markets

Emerging Markets : Putins Choice For PM Baffles Observers

RUSSIA Zubkov: Putin's surprise favorite to take over as prime minister. In a long-overdue cabinet shuffle, Russian prime minister Mikhail Fradkov submitted his resignation on September 12. Hours later president Vladimir Putin nominated the relatively unknown head of ...

Emerging & Frontier Markets

Emerging Markets : Quest For Investment Grade Gathers Pace

BRAZIL Some 50% of respondents to a Merrill Lynch emerging market investor survey in August said they were bullish on Brazil. Reaching a similar conclusion, rival Morgan Stanley predicts Brazilian markets will see further upside, despite recent US market turbulence, ...