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Award Winners

Features: World’s best trade finance banks 2009

ANNUAL SURVEY / BEST TRADE FINANCE BANKS Trade finance banks are enjoying rising demand for basic risk management services as world trade faces a difficult period. Global trade is expected to decline in 2009 for the first time since 1982, ...

Award Winners

Features : World’s Best Foreign Exchange Providers 2009

BEST FX PROVIDERS Global Finance selects the leaders in the world’s biggest financial market. The foreign exchange market has continued to thrive throughout the global financial crisis, providing some welcome profits for beleaguered financial institutions. Average daily turnover has ...

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 ...

Emerging & Frontier Markets

Emerging Markets : Colombian Cement Maker Starts Level I Adr Program

DR NEWS Cementos Argos, the fifth-largest cement producer in Latin America, began trading its shares in the US over-the-counter market in the form of American depositary receipts. The Medellín, Colombia-based company makes white and gray cement, as well ...

News

Milestones : Argentina Seeks End To Default Saga

ARGENTINA Seeing off the debt: Kirchner hopes investors will accept deal. In a major policy reversal, the Argentine government is reaching out to holdouts from its $100 billion debt workout in which bondholders received a 70% ...

Capital Raising & Corporate Finance

Features : Risky Business

FOCUS / ECONOMIC NATIONALISM As if the global credit squeeze were not enough, multinationals, particularly in the commodities industries, are also facing a surge in resource nationalism. Horne: Companies are investing in riskier areas. Fueled in part by soaring ...

Capital Raising & Corporate Finance

Features : Risky Business

CORPORATE TOOLBOX / POLITICAL RISK In recent years, political risks facing multinationals have grown more significant. Corporations are far from blameless in creating that risk, though. Heightened tensions: Multinationals in countries such as Venezuela face growing risks. With ...

Emerging & Frontier Markets

Milestones : Rating Downgrade Bucks Local Trend

ARGENTINA Don't cry for me: Kirchner's woes deepen as inflation accelerates. While Peru and Brazil crossed the investment-grade threshold this year, Argentina is moving in the opposite direction. Ratings agency Standard & Poor’s downgraded Argentina’s foreign and local long-term ...

Emerging & Frontier Markets

Newsmakers : Paraguay Joins The Leftist Club

PARAGUAY Lugo: Promising to improve Paraguay's international standing. Paraguayan president-elect Fernando Lugo, a former Catholic bishop, is the newest member of Latin America’s growing list of left-wing leaders. He faces serious challenges in a country that, until his ...

Emerging & Frontier Markets

Emerging Markets : Company To Watch: Ecopetrol/Colombia

OIL PRODUCER PLANS TO BE BIG SPENDER Ecopetrol, Colombia’s state-owned oil company, says it hopes to list its shares on the New York Stock Exchange later this year, following a further privatization to help finance an aggressive spending ...

Capital Raising & Corporate Finance

Focus: Nafta : Terms Of Trade

14 Years On With Nafta once again coming to the forefront of water-cooler discussions as a result of the political ping-pong between Democratic presidential hopefuls in the US, we look back at the development of the ground-breaking free trade agreement ...

Emerging & Frontier Markets

Milestones : Colombia Gains Ground In Andean Standoff

Colombia/ecuador/venezuela Uribe: Used the standoff to push US-Colombia trade deal After Venezuela and Ecuador sent troops to their borders with Colombia, in response to Colombia’s attack on FARC (Revolutionary Armed Forces of Colombia) rebels within Ecuadorian territory on ...