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Features : Roundtable: Treasury & Cash Management

SPONSORED ROUNDTABLE With credit conditions tightening around the world, businesses are focusing more than ever on effective liquidity management. Global Finance brought together some of the leaders in the treasury and cash management field to discuss current trends and ...

Emerging & Frontier Markets

Milestones : Ethanol Industry Faces Prospect Of Demand Slump

Brazil Not so sweet: Predicted demand for Brazil's ethanol is falling. Just a year after Petrobras, Brazil’s state-controlled oil company, predicted Brazil would triple its annual ethanol output to around 70 billion liters by 2020, the market ...

News

Newsmakers : Correa Steps Up Debt Campaign

Ecuador Correa: Buying political capital with debt restructuring. Ecuadorian president Rafael Correa has made good on his 2006 presidential campaign promise to default on any foreign debt deemed illegitimate, defaulting on $3.9 billion in global bonds. This marks ...

Emerging & Frontier Markets

Milestones : Rating Slides As Default Looms

ARGENTINA President Kirchner makes overtures to avoid debt default. After months of analysts’ warnings that Argentina may be facing a new debt default, Standard & Poor’s agreed. The ratings agency lowered Argentina’s sovereign rating on October 31 ...

Economics, Policy & Regulation

Cover Story : Capitalizing on the Crisis

CAPITALIZING ON THE CRISIS RETURN OF THE IMF As crippled nations beat a path to its door, the IMF is enjoying a dramatic return from near-irrelevance. How it wields its revived power and influence will determine its long-term future. ...

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...

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 : 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 : 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

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 ...