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Milestones : Western Ally In Caspian Wins Kudos

AZERBAIJAN Azerbaijan's pro-business president, Ilham Aliyev. The regulatory reform movement that has been thriving in Central and Eastern Europe in recent years is spreading eastward into Central Asia, with Azerbaijan taking the title of the world’s ...

Banking

Newsmakers : Global Leaders Paint Bleak Picture

AUSTRIA Citi's Rhodes: Current crisis is the US' biggest challenge in recent history. With Bank of America buying Merrill Lynch and Lehman’s filing for bankruptcy, the global credit crunch is clearly far from over. In fact, a ...

News

Newsmakers : Medvedev Tries To Calm Russia Bears

RUSSIA Medvedev: Seemingly helpless in the face of a stock market rout. Can Russia’s president Dmitry Medvedev save the country’s financial markets? In the second week of September he declared that it was “within ...

Capital Raising & Corporate Finance

Newsmakers : Private Equity Investments Linked To Corporate Defaults

GLOBAL Vazza: Expects the default rate to continue growing. As private equity investors size up the new opportunities the credit crunch presents, companies in their sights might do well to consider a report published ...

Emerging & Frontier Markets

Newsmakers : Way Cleared For Jacob Zuma To Run For President

SOUTH AFRICA Zuma: Election victory all but assured after charges are dropped. South Africa’s High Court last month dropped all corruption charges against Jacob Zuma, president of the African National Congress (ANC). Although the decision was based ...

News

Editor’s Letter : Return of the old world order

Barely more than a year ago, when the world was still awash with cheap money, it seemed as if globalization had hit a sweet spot...

News

Milestones : Europe’s Ipo Market Slumps

EUROPE Blowout: EDP Renováveis' stock tumbled more than 20% after its IPO With equity capital markets bankers in the Europe, Middle East and Africa (EMEA) market focused on massive rights issues to recapitalize their peers in recent months, ...

News

Newsmakers : Calderón Aide Takes Top Economy Job

MEXICO Mexico's president Felipe Calderón is hoping Ruiz can help get the economy back on track. Faced with the fallout from the US economic slowdown, Mexico’s president, Felipe Calderón, appointed former businessman Gerardo Ruiz to the country’s top ...

News

Newsmakers : Economic Pain Deepens As American Shoppers Cut Back

UNITED STATES Kicking the habit: Shoppers slash spending. Will declining gasoline prices encourage American consumers to pile into the family automobile and head out to the mall? Retailers hope so, but signs were not encouraging as the key ...

News

Newsmakers : Investment Banks Urged To Simplify Financial Products

UNITED KINGDOM Clark: Silo-based controls are at heart of problem. In light of the record £5.6 million ($10.5 million) fine the UK’s Financial Services Authority (FSA) imposed on the UK operations of Credit Suisse’s investment bank recently, observers ...

News

Newsmakers : Us Trade Supremo Says Export Gains Depend On Congress

UNITED STATES High hopes: Schwab looks to trade agreements to bolster US economy. Following the collapse of the Doha Round of world trade talks this summer, the United States is pinning its hopes on new bilateral trade agreements ...

News

Editor’s Letter: Carbon Cop-out

Few people would now argue that something needs to be done to arrestand perhaps reversethe growth of emissions that are contributing to global climate change...