Editor's Letter
The Uncertainty Factor
As we go to press with this double issue of Global Finance, uncertainty seems to be the dominating factor of the economic climate...
Emerging & Frontier Markets
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Emerging & Frontier Markets
Wealth And Democracy Go Hand In Hand
MILESTONES / GLOBAL by Laurence Neville Renaissance’s Robertson: “China in risky period” China will become a democracy by 2017, while Russia is highly likely to become a strong democracy within the next few years, according to a remarkable ...
Country Report
An Oasis Of Calm
COUNTRY REPORT: KUWAIT By Gordon Platt Kuwait has been largely unaffected by the winds of change sweeping through the Middle East and North Africa. In the 50 years since Britain ended its protectorate and Kuwait became an ...
Banking
Asia’s Banks On The Fast Track
FOCUS: INVESTMENT BANKING IN ASIA By Michael Shari Asia’s big banks are elbowing out their Western rivals as demand for financial services skyrockets in the region—and beyond. One of the great ironies lost in the panic of ...
Emerging & Frontier Markets
Blowing Up
COVER STORY: EMERGING MARKETS INFLATION By Laurence Neville Emerging markets have been credited with saving the world’s economy from catastrophe with their resilient exports. Now they’re exporting a different product that threatens to stop the global recovery in ...
Emerging & Frontier Markets
Company To Watch: Cencosud/Chile
LATIN AMERICAN RETAILER PLANS $2 BILLION SHOPPING SPREE By Gordon Platt Santiago, Chile–based Cencosud, the largest retailer in Chile by sales and the third biggest in Latin America, plans to issue up to $2 billion of new shares ...
Emerging & Frontier Markets
DR News: Networking Craze Pays Off For China’s Facebook Clone
EMERGING MARKETS INVESTOR: DR NEWS By Gordon Platt China-based Renren, a copycat of Facebook, became the first social networking site anywhere to be listed on an exchange, with a solid debut on the New York Stock Exchange last ...
Country Report
Early Days
COUNTRY REPORT: EGYPT By Justin Keay Egypt is still in the very early stages of transition, but if it can establish political stability, its economy should grow strongly over the coming years. If confidence really is the ...
Emerging & Frontier Markets
EM News: Indonesia Draws Nearer To Investment Grade
EMERGING MARKETS INVESTOR: NEWS By Gordon Platt Indonesia’s stock market was expected to take a breather this year, after being one of the star performers of 2010, with an advance of 46%. Instead, the benchmark Jakarta Composite ...
Emerging & Frontier Markets
Emerging Markets Roundup: China
TRADE SURPLUS GROWS SHARPLY By Thomas Clouse China’s trade surplus jumped to $11.4 billion in April, after the country posted its first quarterly deficit in seven years in the first three months of the year. China moves ...
Award Winners
Islamic Bank Awards 2011
ANNUAL SURVEY: ISLAMIC FINANCE By Gordon Platt The Islamic finance industry is benefiting from a lack of confidence in the conventional banking sector and is expanding rapidly in emerging markets. The global financial crisis has forced bankers ...
Award Winners
Islamic Bank Awards 2011: By Country
Country Awards Algeria Al Salam Bank-Algeria Al Salam Bank-Algeria was established in October 2008 with capital of $100 million. New rules on Islamic banking in Algeria became effective in January 2011 and are expected to promote the growth of the ...