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Mistry To Take The Helm At Tata Sons

NEWSMAKERS: INDIA By Aaron Chaze After two decades leading India’s largest and most respected conglomerate, Ratan Tata will step down in December 2012 as chairman of Tata Sons—the holding company that runs the $83 billion Tata group of companies, with ...

News

Rajoy Hopes To Reassure Investors In Spain

NEWSMAKERS: SPAIN By Valentina Pasquali Like Greece and Italy, Spain too has a new government, tasked with bringing the country back from the brink. Rajoy heads new government Unlike Greece’s Lucas Papademos and Italy’s Mario Monti, Spain’s prime ...

Emerging & Frontier Markets

Resource-Rich Myanmar Open For Investment

MILESTONES: MYANMAR By Thomas Clouse Preparing to chair the Association of Southeast Asian Nations (ASEAN) in 2014, Myanmar is also opening its doors to foreign investment. A new dawn breaks in Myanmar, which is open for business Leaders from ASEAN’s ...

News

Sanusi Fears Impact Of European Crisis

NEWSMAKERS: NIGERIA By Anita Hawser Nigerian central bank governor Lamido Sanusi believes the likelihood of European banks going into a major crisis is quite high, and is concerned over the impact on Nigerian oil exports. Sanusi looks to Asia ...

Capital Raising & Corporate Finance

Seeking Alternatives

COVER STORY: ALTERNATIVE FINANCING By Laurence Neville Small and medium-size companies are vital to economic growth and critical to corporate supply chains. Yet traditional lending is virtually closed to SMEs in most markets—certainly in developed markets of the West. ...

News

Toronto To Overtake London As A Hub For Bankers

MILESTONES: TORONTO By Erik Heinrich Canada’s financial capital is on track to become one of the largest global banking centers—overtaking London in the number of banking jobs by 2017, according to Moody’s Analytics. Toronto to overtake London in banking ...

Capital Raising & Corporate Finance

Asian Companies Ripe For Investment

MILESTONES: SINGAPORE / INDONESIA By Gordon Platt After portfolio managers removed tens of billions of dollars from Asian equity markets during the sell-off in early autumn, corporate valuations are now highly attractive in some industries and sectors. Photo ...

News

Daunting Tasks For Papademos

NEWSMAKERS: EUROPE By Valentina Pasquali Greece’s interim prime minister Lucas Papademos was appointed in November, after much squabbling between the country’s two main political parties. Papademos most qualified candidate for the job Papademos faces the daunting tasks ...

Economics, Policy & Regulation

Global Salon

PARADIGM SHIFT By Vanessa Drucker As part of its Salon series, Global Finance sat down on November 1 with Marc Chandler, global head of currency strategy at Brown Brothers Harriman and author of Making Sense of the Dollar . ...

Emerging & Frontier Markets

Hopes For Era Of Stability In Kyrgyzstan

MILESTONES: KYRGYZSTAN By Kim Iskyan Late October’s landslide victory of incumbent prime minister Almazbek Atambayev as the new president of Kyrgyzstan may bring a modicum of stability to the country’s tumultuous domestic political environment. Atambayev may favor ...

News

Jon Corzine Has A Lot Of Explaining To Do

NEWSMAKERS: UNITED STATES By Gordon Platt Jon Corzine, the former governor of New Jersey and once a US senator, believes that a man’s word is his bond. Fallout from MF Global raises concerns over CFTC watchfulness When ...

Banking

Living Wills Improve Banks’ Crisis And Risk Management

MILESTONES: GLOBAL By Anita Hawser While the focus at the moment may be on bailing out indebted countries in the eurozone, one of the legacies of Lehman’s collapse is the need for systemically important financial institutions (SIFIs) to ...