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Capital Raising & Corporate Finance

Corporate Finance : Dollar Remains Strong Amid Global Turmoil

Foreign Exchange Weak economic data from the eurozone, heralding further interest rate reductions in Europe, are helping to keep the dollar strong. Meanwhile, Japan’s worsening trade statistics are raising warning signals about the high-flying yen, analysts say. ...

Capital Raising & Corporate Finance

Corporate Finance : Mergers & Acquisitions

DRUG MERGERS EASE M&A; DROUGHT The need for bigger drug-development pipelines and more diversified businesses with greater geographic reach is fueling a wave of mergers in the pharmaceutical industry that is providing investment bankers with some much-needed underwriting fees. ...

Economics, Policy & Regulation

Cover Story : The Party’s Over

LATIN AMERICA Once considered relatively immune to the global economic slump, Latin America is facing hard times as commodity prices crumble, trade dwindles and Venezuela’s oil-funded regional largess begins to dry up. On a roller coaster ride: Wild ...

News

Editor’s Letter : Value Judgment

There is no doubt that the people entrusted to find the solutions to the worlds economic and financial problems have been fighting valiantly both to contain the crisis and to solve the underlying problems...

Emerging & Frontier Markets

Emerging Markets : Africa

Zimbabwe has abandoned its "worthless" currency in favor of other currencies such as the US dollar. After years of trying to defend its near-worthless currency, the Zimbabwean government has abandoned foreign exchange and price controls. Zimbabweans will now be allowed ...

Emerging & Frontier Markets

Emerging Markets : Brazil

Brazilian oil giant Petrobras will use debt issuance to finance new offshore exploration. The Petrobras state-controlled oil company sold $1.5 billion of 10-year bonds on international markets in February. The deal, which carries a 7.875% coupon, was managed by HSBC, ...

Emerging & Frontier Markets

Emerging Markets : China

As economic growth tails off, China's unemployment level is rising sharply. China’s economic growth is tailing off as feared. Although annual growth in 2008 was 9%, fourth-quarter growth slowed to a seven-year low of 6.9% year-on-year, according to preliminary estimates ...

Emerging & Frontier Markets

Emerging Markets : India

Open for business: "Off-limits" investment sectors opened up. The Indian government revised its foreign investment policy guidelines in mid-February, with a changed methodology for computing foreign equity holdings in Indian companies. According to the new guidelines, any equity held by ...

Emerging & Frontier Markets

Emerging Markets : Russia

Devaluation of the ruble is over, says Kudrin, Russia's finance minister. The Kremlin rolled out a revised version of its economic crisis plan, extending additional credits to the beleaguered banking sector possibly at the expense of direct loans to ...

Emerging & Frontier Markets

Emerging Markets Roundup: 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 Roundup: 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 ...

Emerging & Frontier Markets

Emerging Markets Roundup: 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% ...