Global Finance back issues from July 2009:
Kirchners Face Uncertain Future
Jul 01, 2009; ... Argentina When Cristina Kirchner won Argentina's 2007 presidential election, she was taking over the onice held since 2003 by her husband, Nestor Kirchner. Observers speculated the couple could alternate power for years to come. However, the country's June elections may have upset the ...
The Power Of One
Jul 01, 2009; ... Many watching the stock markets have been surprised or even alarmed at the surge in confidence in the past few months, a confidence that has fueled a tremendous rally in major indices around the world. The skeptics are anxious that there is little in the economic and financial fundamentals to ...
Stimulus Packages Present Rich Pickings For Fraudsters
Jul 01, 2009; ... Global With governments around the world doling out billions in stimulus packages or infrastructure projects to help revive flagging economies in the wake of the subprime crisis, many fraudsters are gearing up for the potential opportunity of a lifetime. In its June Global Fraud Report ...
Oil Confounds As Prices Rise While Demand Falls
Jul 01, 2009; ... Global Oil prices have doubled since February without any help from fundamental demand. In fact, demand projections have been revised downward due to the global recession. How long can this levitation act continue? "The global financial crisis has turned the economic landscape ...
Recession-Weary Investors May Be Jumping The Gun
Jul 01, 2009; ... Global Voting with their portfolios, investors are viewing the glass as half full, and their risk appetite is increasing. Confidence among global investors rose for the sixth straight month in June to the highest level in a year, according to State Street Global Markets, the investment ...
Credit Crunch Fallout Hits Weakest Nations Hardest
Jul 01, 2009; ... Global The low-income developing countries with little prospect of repaying loans are in the greatest need of help as a result of damage from the global financial crisis. These same countries, however, are unlikely to benefit from increased lending by the International Monetary Fund, as ...
UK Tops Foreign Direct Investment League Table
Jul 01, 2009; ... United Kingdom With investors shying away from UK gilts and sterling, Britain does not stand out as a likely global leader among investment locations. However, a report published by UK Trade & Investment (UKTI) shows that the United Kingdom remained the top investment location in ...
Russia
Jul 01, 2009; ... Russia unexpectedly announced that it was abandoning its quest to join the World Trade Organization on its own in favor of applying to enter as a bloc with Belarus and Kazakhstan. The move may be an attempt by Russia to accelerate the accession process, which has dragged on for 16 years ....
Africa
Jul 01, 2009; ... Botswana, the world's largest diamond producer, received a $1 .5 billion loan from the African Development Bank, marking the bank's largest-ever budget support facility. It is also Botswana's first loan from the development bank in 17 years. The loan will help finance an expected 13.5% fiscal ...
Brazil
Jul 01, 2009; ... Taking advantage of falling yields, Brazilian borrowers are returning Co international debt markets. BNDES, the state-owned development bank, sold S 1 billion in 10-year bonds in June, yielding 6. 546%. The deal, managed by HSBC and Goldman Sachs, allows the bank to increase its loan portfolio ....
China
Jul 01, 2009; ... With China's 4 trillion renminbi ($585 billion) stimulus package starting to show real results, the World Bank has upped its estimate for the country's 2009 GDP growth from 6.5% to 7.2%. China's fixed-asset investment increased by 32.9% in the first five months of the year, and consumer sales ...
India
Jul 01, 2009; ... According to the Global Development Finance Report released recently by the World Bank, India is expected to be the fastest-growing economy in 2010, with 8% year-on-year GDP growth. The bank estimates China's 2010 GDP growth rate will be slightly less, at 7.7% year-on-year. The World Bank has ...
Middle East
Jul 01, 2009; ... While the world's attention was focused on the postelection violence in Iran last month, politicai developments in neighboring Iraq took a happier turn. Iraqi Kurds and the Iraqi central government worked out an agreement to allow oil from the Kurdish self-ruled region to be exported by pipeline ...
Lack Of Disclosure Worries Emerging Markets Investors
Jul 01, 2009; ... News The biggest challenge of investing in emerging markets is a lack of disclosure on environmental, social and corporate governance (ESG) issues, according to a global survey of 67 major investors that support sustainability in their investment approaches. Improved corporate ...
Egyptian Auto Group Trades In NY And London
Jul 01, 2009; ... DR News Cairo-based GB Auto, Egypt's largest listed automaker, auto assembler and distributor, issued global depositary receipts that trade in the New York and London over-the-counter markets. It issued the GDRs without a capital increase. Also known as Ghabbour Auto, the company ...
Chinese Cell Phone Brand Unveiled In France
Jul 01, 2009; ... Company To Watch: ZTE/China ZTE, the largest wireless equipment maker in China, has gained a major share ot the global cell phone market. After conquering markets in Asia and Africa with its low-priced handsets, ZTE is now targeting developed markets in Europe and the America* by ...
The Power of Hope
Jul 01, 2009; ... President Obama's determination to do "whatever it takes" to rebuild the economy appears to be paying off. But it is his actions across the whole range of policy initiatives that will have the greatest impact on global corporations. When Barack Obama entered the White House last January, ...
Profiting From Prudence
Jul 01, 2009; ... Despite a recent drop in profits amid the country's economic slowdown, Brazilian banks are poised for long-term growth. Amid a turbulent global market, Brazil's banking and financial sector is proving remarkably resilient. A stringent regulatory environment, strong domestic demand and a ...
The Lure Of Foreign Shares
Jul 01, 2009; ... Depositary Receipts Banks have created 1,400 new unsponsored ADR programs to meetand hopefully generate- growing demand, particularly from investors in separately managed accounts. The long drought in initial public offerings has slowed the pace of raising capital in the form of ...
Supply Chain Finance In Growing Demand
Jul 01, 2009; ... Best Supply Chain Finance Providers 2009 The credit crunch has demonstrated which banks are truly committed to developing supply chain finance solutions. Few market segments within financial services have emerged unscathed from the recent credit crisis, and supply chain financing ...
Waiting For The Dust To Settle
Jul 01, 2009; ... Financial services firms in the GCC region are poised to take advantage of an impending global recovery. The global economic and financial crisis arrived late in the six nations of the Gulf Cooperation Council and appears to be leaving early. Like a powerful sandstorm, it whipped up a ...
Islamic Finance Regains Momentum
Jul 01, 2009; ... Sukuk issuance is rebounding as investor confidence returns to the GCC region. The global financial crisis has accelerated what already was a growing interest in Islamic finance and has created new opportunities for Islamic financial insti- tutions as a result of problems in the ...
Looking Up In Dubai
Jul 01, 2009; ... The UAE economy is well on the road to recovery, one of its biggest boosters says. Abdul Aziz AJ Ghurair, speaker of the house of the Federal National Council, the parliament in the United Arab Emirates, is a leading businessman in the country. He is president of the family-owned Ah ...
Less Pain, More Gain
Jul 01, 2009; ... Portugal's pre-credit crunch party was not as wild as that of many other countries, and its hangover should be much less severe as a result. You do not have to look very deep to find discomfort in the Portuguese economy, particularly amid the global and European recession. Portugal's ...
Sub-Custodians Tackle New Challenges
Jul 01, 2009; ... Global Finance selects the leading providers of the specialized services that make cross-border investing possible. Global custodians and money managers are putting their sub-custodians under the microscope in the wake of the global financial crisis. They want to know that their assets ...
Insurance Insecurity
Jul 01, 2009; ... In the wake of the near-collapse of AIG, many companies are taking a much closer look at the health of their own insurers. Corporate risk officers are asking more questions, checking more documents, diversifying their book of insurers and even retaining more risk to avoid the specter of ...
Big Emerging Market Mergers Create World-Scale Competitors
Jul 01, 2009; ... Corporate Finance Focus Two of Brazils biggest food companies, Perdiga o and Sadia. pian to merge in a stock-swap transaction that will create a multinational food company with annual sales of $10.6 billion. The new company. Brasil Foods, will chaDenge major United States-based food ...
Dollar Bulls Hope Fed Aces Policy Transition
Jul 01, 2009; ... Signs that the US economy is bottoming out and hopes that the Federal Reserve will deftly handle the transition to a less accommodative monetary policy are boosting the dollar, analysts say. They say market participants are confident that the Fed can time the shift hi policy soon enough to head ...
High-Yield Issuance Hits 30-Month Peak
Jul 01, 2009; ... Companies rushing to refinance bank loans borrowed more than $24 billion in the high-yield debt market in the United States in May, the most since November 2006, according to Montpelier, Vermont-based KDP Investment Advisors. Many of the companies increased, and even doubled, the size of ...