Emerging & Frontier Markets Archives

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Economics, Policy & Regulation

Emerging Markets Roundup: Africa

FEELING THE EFFECTS OF ECONOMIC CONTAGION By Antonio Guerrero The Africa Finance Corp, a multilateral finance institution based in Nigeria, says it has a pipeline of sub-Saharan investment projects worth $3 billion over the next year. The AFC ...

Emerging & Frontier Markets

Emerging Markets Roundup: Brazil

TIME-OUT FOR BRAZIL'S GROWTH BOOM By Antonio Guerrero Brazil's growth explosion could be ending. The Brazilian central bank in June cut the official growth target from 3.5% to 2.5% for 2012, after first-quarter GDP expansion was a meager ...

Capital Raising & Corporate Finance

Emerging Markets Roundup: China

CHINESE EXPORTS DEFY EXPECTATIONS By Thomas Clouse China has given its banks more freedom to determine their own interest rates by declaring in June that banks could offer lenders rates as low as 80% of the official rate ...

Economics, Policy & Regulation

Emerging Markets Roundup: India

GOVERNMENT TO SELL OFF STAKES, REDUCE DEFICIT By Aaron Chaze The administration announced renewed efforts to sell stakes in government-run companies in order to reduce the fiscal deficit. It plans to raise INR300 billion ($5.4 billion) by ...

Banking

Emerging Markets Roundup: Middle East

KUWAIT ORDERED TO PAY DOW CHEMICAL $2.16 BILLION By Gordon Platt Kuwait's state-run chemical company must pay the US's Dow Chemical $2.16 billion for wrongfully canceling a planned joint venture in December 2008, as the global economy was ...

Emerging & Frontier Markets

Emerging Markets Roundup: Russia

PRIVATIZATION PLAN COULD STUMBLE BEFORE LEAVING THE GATE By Kim Iskyan In early June, Russia's largest bank, Sberbank, agreed to buy DenizBank of Turkey from French-Belgian lender Dexia, for $3.5 billion. The deal marked Sberbank's second-largest transaction in recent ...

Banking

GCC regional report: Crafting A New Future

OMAN: CRAFTING A NEW FUTURE By Gordon Platt Keenly aware that its vital oil resources are dwindling, Oman has embarked on a major economic diversification program. Oman's economy has grown steadily in recent years, helped by rising ...

Banking

GCC Regional Report: New Shopping List

NEW SHOPPING LIST By Justin Keay GCC sovereign wealth funds and banks are still selectively buying low-value assets in Europe, but higher-growth markets are increasingly on their radar. When the global financial crisis first hit back in ...

Banking

GCC Regional Report: Seeking More-Inclusive Growth

SEEKING MORE-INCLUSIVE GROWTH By Gordon Platt After strong economic growth in 2011, the six nations of the Gulf Cooperation Council are spreading the wealth by putting a priority on non-oil job creation and social welfare. Photo Credit ...

Banking

GCC Regional Report: The Power Of One

THE POWER OF ONE By Gordon Platt Thirty-one years have passed since the six Arab oil-producing countries of the Gulf formed an economic and strategic alliance, following the outbreak of the Iran-Iraq war. Known as the Gulf ...

Banking

Indigenization Minister Targets Foreign Banks

NEWSMAKERS: ZIMBABWE By Valentina Pasquali After targeting the lucrative mining sector, Zimbabwe's indigenization minister Saviour Kasukuwere is now ramping up pressure on foreign banks operating in the country to hand over 51% of their shareholdings to indigenous Zimbabweans as ...

Features

Special Report: Afghanistan

A LETTER FROM KABUL By Valentina Pasquali The sense of anticipation is mounting in the Afghan capital of Kabul as the country gears up for a crucial double transition to take place in 2014. It is the ...