Banking
BRIDGING THE CHASM
MARKET REPORT | ISLAMIC TRADE FINANCE<br />
Offering inventory financing to commodity traders brings much-needed liquidity to the Islamic trade finance market.
Features
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Emerging & Frontier Markets
EMERGING MARKETS BRACE FOR FED TIGHTENING
CAPITAL MARKETS | FOREIGN EXCHANGE<br />
As the Federal Reserve winds down its bond-buying program and prepares to raise rates, analysts are debating the likelihood of a repeat of last year’s “taper tantrum”—when the mere hint of a gradual end to quantitative easing in the US caused huge disruptions to emerging markets (EMs).
Emerging & Frontier Markets
FIVE MINUTES WITH…JULIE DICKSON, ASHMORE
CAPITAL MARKETS | Q&A<br />
Julie Dickson is equity portfolio manager at emerging-markets investment manager Ashmore.
Banking
GOLDMAN SACHS TO TAP GROWING ISLAMIC MARKET
CAPITAL MARKETS | ISLAMIC FINANCE<br />
To diversify its sources of financing, Goldman Sachs plans to issue a benchmark Islamic bond, at a time when demand for sukuk is outrunning supply. Meanwhile, South Africa is planning its first sovereign sukuk, and the Egyptian government is working on a new sukuk law, following the military’s overthrow of Islamist president Mohamed Morsi last year.
Capital Raising & Corporate Finance
INVESTMENT BANK HELPS REVERSE BRAIN DRAIN
TRENDS | SRI LANKA<br />
Hiran Embuldeniya, managing director at York Street Partners, an investment bank in Colombo, Sri Lanka, says there are plenty of opportunities for the firm to do business in the country as it rapidly develops in the wake of a 30-year civil war that ended in 2009.
Economics, Policy & Regulation
LAME DUCK CONGRESS TO TACKLE INVERSIONS
MANAGEMENT | TAX PLANNING<br />
When Congress returns following the November elections, the issue of what to do about US companies making foreign acquisitions to relocate overseas and save on taxes will be high on the agenda.
Capital Raising & Corporate Finance
NAIROBI EXCHANGE LISTS OWN SHARES TO RAISE FUNDS FOR EXPANSION
CAPITAL MARKETS | AFRICAN EQUITY<br />
Initial public offerings on the Nairobi Securities Exchange have been few and far between in recent years.
Capital Raising & Corporate Finance
NO COLLATERAL DAMAGE TO HEDGES AFTER ALL
MANAGEMENT | DERIVATIVES REGULATION<br />
Nonfinancial corporations that hedge risk by using derivatives not traded on exchanges won an important victory in early September, when US bank regulators agreed to exempt such companies from rules that would have required them to post collateral against their positions.
Emerging & Frontier Markets
SEEKING TO DIVERSIFY
FRONTIER MARKETS REPORT | KAZAKHSTAN<br />
Kazakhstan is rife with investment opportunities, but companies must be aware of the country’s regional commitments and business climate.
Capital Raising & Corporate Finance
TORONTO, VANCOUVER PARTNER TO FORM RENMINBI TRADING HUB
TRENDS | RENMINBI TRADING<br />
Even though Toronto is the center of Canada’s financial industry, much of the country’s trade with China passes through Vancouver. Groups in both cities have decided to work together to promote Canada as a trading hub for the renminbi.
Features
Trade Documentation Solutions To Drive EM Trade Growth
Inside Sibos | Review<br />
From a product perspective, a key area of commitment is related to trade documentation: “We have been active in this area for many years and it is undergoing transformation. I am convinced that BPO [bank payment obligations] will have success..."
Economics, Policy & Regulation
Asian Treasurers Match Strategy To Action
Inside Sibos | Day 3<br />
The increasing sophistication of Asian corporate treasuries to buoy the rapid development of Asian companies is a message that has been growing in resonance in recent years, and it is once again a topic of discussion at this year’s Sibos conference.<br />