Capital Raising & Corporate Finance
AFRICA’S CONSUMER BOOM
AFRICA 2014 | INTRA-AFRICA TRADE<br />
The rise of the African consumer market is providing an opportunity for domestic companies to increase their footprint across the region.
Capital Raising & Corporate Finance
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Banking
GOLDMAN SACHS TO TAP GROWING ISLAMIC MARKET
CAPITAL MARKETS | ISLAMIC FINANCE<br />
To diversify its sources of financing, Goldman Sachs plans to issue a benchmark Islamic bond, at a time when demand for sukuk is outrunning supply. Meanwhile, South Africa is planning its first sovereign sukuk, and the Egyptian government is working on a new sukuk law, following the military’s overthrow of Islamist president Mohamed Morsi last year.
Capital Raising & Corporate Finance
INVESTMENT BANK HELPS REVERSE BRAIN DRAIN
TRENDS | SRI LANKA<br />
Hiran Embuldeniya, managing director at York Street Partners, an investment bank in Colombo, Sri Lanka, says there are plenty of opportunities for the firm to do business in the country as it rapidly develops in the wake of a 30-year civil war that ended in 2009.
Capital Raising & Corporate Finance
NAIROBI EXCHANGE LISTS OWN SHARES TO RAISE FUNDS FOR EXPANSION
CAPITAL MARKETS | AFRICAN EQUITY<br />
Initial public offerings on the Nairobi Securities Exchange have been few and far between in recent years.
Capital Raising & Corporate Finance
NO COLLATERAL DAMAGE TO HEDGES AFTER ALL
MANAGEMENT | DERIVATIVES REGULATION<br />
Nonfinancial corporations that hedge risk by using derivatives not traded on exchanges won an important victory in early September, when US bank regulators agreed to exempt such companies from rules that would have required them to post collateral against their positions.
Capital Raising & Corporate Finance
REGION REMAINS A SWEET SPOT FOR PRIVATE EQUITY
MILESTONES | LATIN AMERICA<br />
In Latin America, the outlook for private equity and venture capital remains bright. Despite a 10% fall in investments during the first half of 2014, local and global players increased the amount of funds raised.
Capital Raising & Corporate Finance
TORONTO, VANCOUVER PARTNER TO FORM RENMINBI TRADING HUB
TRENDS | RENMINBI TRADING<br />
Even though Toronto is the center of Canada’s financial industry, much of the country’s trade with China passes through Vancouver. Groups in both cities have decided to work together to promote Canada as a trading hub for the renminbi.
Capital Raising & Corporate Finance
UNLOCKING AFRICA’S RICHES
AFRICA 2014 | MINING<br />
Africa’s mining industry is on the verge of breaching limits historically imposed by political risk constraints.
Banking
A MERE BLIP FOR REAL-TIME PAYMENTS IN CHINA?
TREASURY & CASH MANAGEMENT | REAL-TIME PAYMENTS<br />
A delay in the rollout of the China International Payments System looks to be only a temporary hiccup in the renminbi’s unfolding internationalization.
Capital Raising & Corporate Finance
ARGENTINE DEFAULT: BETTER THE SECOND TIME
ARGENTINA<br />
The aftermath of Argentina’s so-called default on July 31 doesn’t at all resemble the catastrophe accompanying its earlier default in 2002, when the country was unable to repay $100 billion of debt and the economy collapsed, costing millions of jobs.
Capital Raising & Corporate Finance
BRIAN LOUGHMAN, FRAUD BUSTER
Global Finance sat down with Brian Loughman, Fraud Investigation & Dispute Services (FIDS) Leader, EY Americas (formerly Ernst & Young), to discuss how greater regulation and increased efforts by countries to fight fraud are leading to greater demand for services by corporations around the world.
Capital Raising & Corporate Finance
CHINA’S ANTI-CORRUPTION DRIVE ENSNARES M&A DEALS
CAPITAL MARKETS FOCUS: MERGERS & ACQUISITIONS<br />
Companies around the world are stepping up their due diligence on mergers and acquisitions involving Chinese counterparties, after several major deals have been called into question as a result of Peking’s widening corruption probe.