Emerging & Frontier Markets Archives

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Emerging & Frontier Markets

Emerging Markets : IPO Capital Raised Using DRs Plummets In First Half

DR NEWS The amount of capital raised in initial public offerings of companies tapping global markets through the issuance of depositary receipts fell 79% in the first half of 2008 to $3.6 billion, according to a report by ...

Emerging & Frontier Markets

Emerging Markets : Putin’s Comments Unnerve Investors

RUSSIA Headline risk in Russia returned with a vengeance over the summer as global oil major BP struggled with its Russian partners over control of its TNK-BP oil company joint venture. After an extended battle, the head of ...

Emerging & Frontier Markets

Emerging Markets : Zimbabwe’s Zero-Sum Game

AFRICA All change: Zimbabwe's coins have value again. With hyperinflation eroding the nation’s economy, Zimbabwe’s government is taking desperate measures. It lopped off 10 zeros from the Zimbabwe dollar, as inflation is now running at 2.2 million percent ...

Emerging & Frontier Markets

Features : Delayed Reaction

REGIONAL REPORT / CENTRAL AND EASTERN EUROPE They dodged the early fallout from the credit crunch, but Central and Eastern Europe’s economies are facing growing challenges. All change: Central and Eastern Europes economies are in transition. Next year Europe’s ...

Banking

Features : Island Life

CARIBBEAN FINANCE CENTERS Recent changes are helping the venerable finance centers of the Caribbean stave off increasingly intense international competition. Partly in response to the US-led assault on their opaque banking systems and propensity ...

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

Milestones : Russia Gambit Sends Clear Message To West

GEORGIA Few in the oil industry doubt that the Russia-Georgia conflict is as much about tightening the squeeze on oil and gas supply to the West as it is about protecting minorities in South Ossetia and ...

Emerging & Frontier Markets

EM Investor : Clean-coal Firm Raises $1.3 Billion

COMPANY TO WATCH: PT ADARO ENERGY/INDONESIA Jakarta-based PT Adaro Energy, the holding company of Indonesia’s second-largest coal producer, raised $1.32 billion in the country’s biggest initial public offering ever by selling 34.8% of its share capital. PT Danatama ...

Emerging & Frontier Markets

EM Investor : Global Investment House Issues First Kuwaiti Drs

DR NEWS Global Investment House, an asset management and investment banking company operating in 16 countries in the Middle East and North Africa (MENA), has become the first Kuwait-based company to issue depositary receipts. The issue of 35% ...

Emerging & Frontier Markets

EM Investor : Indian Firms Find Welcome At Aim

NEWS KSK Emerging India Energy Fund (KEF) raised $200 million in June on London’s Alternative Investment Market (AIM). It was the fourth India-focused company to raise funds on AIM in as many weeks. The equity offering came at ...

Emerging & Frontier Markets

Emerging Markets : Kenya Calling

AFRICA Kenya's mobile communications industry flourishes following IPO of Safaricom. A June IPO by Kenyan mobile operator Safaricom was oversubscribed by 532%, according to Kenya’s finance minister Amos Kimunya. The government exercised a provision allowing ...