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...
Venezuela
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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 ...
News
Milestones : Profits Of Doom: Exxon Mobil Causes Uproar
UNITED STATES Gas complaint: Exxon Mobil says growing consumption is pumping up its profits. A long-simmering debate boiled over last month after Exxon Mobil reported the highest earnings ever by an American corporation, topping its own record set ...
Capital Raising & Corporate Finance
Corporate Finance : Greenback’s Decline Prompts Talk Of Central Bank Reserve Diversification And Ending Pegs To Dollar
CORPORATE FINANCING FOCUS The shifting sands in the foreign exchange market in 2007 undermined the dollar to the extent that China openly weighed what its state media refer to as the “nuclear option” of dropping its vast holdings ...
Emerging & Frontier Markets
Milestones : The Prodigal Oil Producer
ECUADOR Correa: Clamping down on the oil industry After a 15-year absence, Ecuador has rejoined OPEC in a move president Rafael Correa says will allow his country to gain greater access to technical advice and market information. ...
Emerging & Frontier Markets
Milestones : Venezuela’s Monetary Experiment
VENEZUELA Rodrigo Cabezas: New currency will help fight inflation. Venezuela is gearing up for the introduction of a new currency to replace the bolivar, in circulation since 1879, in a move the Hugo Chávez administration hopes will help ...
Capital Raising & Corporate Finance
Corporate Finance : China, Russia Compete For Biggest Ipo Of Year
GLOBAL EQUITY/DRS China is likely to have the year’s biggest initial public offering for the second year in a row, although there remains a chance that Russia will beat it out. As Global Finance went to press, China Construction Bank ...
Emerging & Frontier Markets
Milestones : Oil Firm Ipo Sets Stage For More Share Issues
COLOMBIA Ecopetrol's Cartagena oil refinery. The Colombian energy sector entered a new investor-friendly era with the late-August IPO of Ecopetrol, the state-owned oil company. Ecopetrol is Colombia’s largest corporation, with income of around $18 billion in 2006. The ...
Emerging & Frontier Markets
Newsmakers : The unsinkable mrs. K
Argentina Double act: Nestor Kirchner and the presidential hopeful, Mrs. K. Argentine First Lady and senator Cristina Fernández de Kirchner is poised to replace her husband, President Nestor Kirchner, in the top post in the October 28 ...
Emerging & Frontier Markets
Cover Story : A Changing Agenda
Latin America There is no longer any doubt that Venezuelan president Hugo Chávez’s “Bolivarian Revolution” is having a significant economic and political impact on Latin America. The question now is, Will it last? It’s 11 o’clock in the ...
Emerging & Frontier Markets
Editor’s Letter : A Turbulent Transformation
In this months cover story we look at the seismic changes that have been taking place recently in the balance of power in Latin America...
Emerging & Frontier Markets
Newsmakers : Multilateral Malaise
LATIN AMERICA Hugo Chávez: Wants to see the World Bank out of Latin America While most media attention on the World Bank recently has focused on a political scandal that could spark the downfall of bank president Paul ...