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Emerging & Frontier Markets

Cover Story : Mexico

MEXICO Mexico’s recent economic progress could be derailed by turmoil in the US economy and the outcome of the US presidential election. High aspirations: Mexico is hoping its economy can resist a US downturn. The last ...

News

Editor’s Letter : A new world view

As Global Finance was going to press, Venezuelas president Hugo Chvez was squaring up for a showdown with the United States...

Emerging & Frontier Markets

Emerging Markets : Foreign Investment Limits Tumble

INDIA Piling in: Investors gave an enthusiastic response to Reliance Power's $3 billion IPO. In its bid to keep up the growth momentum in the Indian economy, the Indian coalition government lifted investment restrictions on foreign investors in ...

Emerging & Frontier Markets

Emerging Markets : Miner Eyes Record-Breaking Deal

BRAZIL Rock solid: Vale is thought to be ready to bid for Xstrata. Brazilian mining giant Vale (formerly CVRD) is in talks to acquire Swiss mining company Xstrata, reportedly for $90 billion. The deal would be the single ...

Emerging & Frontier Markets

Emerging Markets : Roaring Economy Boosts State-Owned Companies’ Profits

CHINA Riding high: China's economic growth continues to break records. China’s economy grew 11.4% in 2007, its fastest rate in 13 years. Fourth-quarter GDP growth fell to 11.2% year-on-year, however, as government tightening measures and weakening global demand ...

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 ...

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, ...

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 ...

Banking

Cover Story: Banking Bonzana

China International and domestic banks are spreading the net ever wider in their efforts to bring financial services to China’s increasingly wealthy population. China has outdone itself. The country’s economy grew by 11.5% in the first three ...