News & Features Archive

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Emerging & Frontier Markets

Emerging Markets : Stocks In Rough Ride

RUSSIA Khodorkovsky: The jailed former head of Yukos is back in the news. The Russian presidential campaign kicked off in mid-January, with Dmitry Medvedev—who is virtually guaranteed victory in the early March poll thanks to the support of ...

Country Report

Features : An Island In The Storm

COUNTRY REPORT / CYPRUS Cyprus is hoping that its recent adoption of the euro will help it better survive—and perhaps even thrive—during the coming global turbulence. Cyprus is hoping that its recent adoption of the euro will help ...

Banking

Features : Opportunity Play

SOVEREIGN WEALTH FUNDS Sovereign wealth funds snap up bargains in one of the biggest financial industry land grabs in history. Bader Al Sa'ad, head of Kuwait's SWF, helped arrange a huge cash infusion for Citi. To say Citi and ...

Capital Raising & Corporate Finance

Features: Riding A Growth Wave

SECTOR REPORT / SHIPPING FINANCE Growth in world trade spurs demand for financing of ships and terminals. Sharp growth in the size of cargo ships has prompted expansion of the Panama canal. Sharp growth in the size of ...

Award Winners

Features: Worlds Best Treasury Providers 2008

ANNUAL SURVEY/ TREASURY & CASH MANAGEMENT Global Finance selects the best treasury and cash management banks, globally and by region, and the best providers of treasury management systems and services by category. The past year has seen the challenges facing ...

Emerging & Frontier Markets

Milestones : Israel Loosens Investment Restrictions

ISRAEL Tel Aviv: Aiming for greater integration with world markets. Israel’s minister of finance Ronnie Bar-On has approved a legislative amendment that will enable foreign portfolio management companies to serve Israeli clients and operate in Israel without the ...

Emerging & Frontier Markets

Milestones : Mexico Exchange Prepares For A Sell-Off

MEXICO Mexico's stock exchange: Lining up a $1 billion IPO. After last year’s blowout initial public offering by the São Paulo Stock Exchange (Bovespa), which raised $3.6 billion, the Bolsa Mexicana de Valores (BMV), the Bovespa’s Mexican counterpart, ...

News

Milestones : Profits Of Doom: Exxon Mobil Causes Uproar

UNITED STATES Gas complaint: Exxon Mobil says growing consumption is pumping up its profits. A long-simmering debate boiled over last month after Exxon Mobil reported the highest earnings ever by an American corporation, topping its own record set ...

Emerging & Frontier Markets

Milestones : Russia Writes Off $12 Billion Iraqi Debt

RUSSIA/IRAQ Talabani: Russia's decision is a historic turning point. Russia agreed in February to write off $12 billion of Iraqi debt in an apparent effort to help Russian companies including Lukoil to win contracts in Iraq. The debt ...

Banking

Newsmakers : Taking Shariah-Compliant Financing Into The Mainstream

UNITED KINGDOM While many Western banks may be struggling with liquidity and funding issues, Middle Eastern banks, awash with liquidity, are increasingly making their presence felt in Western financial markets. One such bank is Qatar Islamic Bank (QIB), whose ...

Emerging & Frontier Markets

Newsmakers : Taxing Times For A New President

GUATEMALA Colom: Facing challenges on the fiscal front. Just weeks after being sworn in on January 14 as the new Guatemalan president, Álvaro Colom—the Central American country’s first left-of-center leader since Jacobo Árbenz, who was overthrown in a ...

News

Newsmakers : US CEOs May Face Euro-Style Packages

UNITED STATES / EUROPE With corporate fat cats’ earnings increasingly in the spotlight, particularly in these credit-challenged times, it appears that CEO remuneration packages vary markedly depending on which side of the pond they are on. According to ...