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September 2006

Main

Top stories

The New Economics Arms Race

Central bank governor award

Central bank governor of the year 2006: Riad Salamé, Banque du Liban

Minister of finance award

Finance Minister of the year 2006: Dr Sri Mulyani Indrawati

Country risk

Country risk September 2006: The repercussions of oil and conflict

Asia Pacific

China challenge, India imperative

Great Wall Street of China

China: Two sneak through

India: the new jewel in the investment banking crown?

Asian banking

UBS pushes deeper into Asia: Wuffli's vision for the region

Asian hedge funds

Hedge funds choose their spot

Indonesia

Indonesia: The call to consolidate

Indonesia’s bond market comes back to life

Philippines

Meet the market man: Omar Cruz, Philippines treasurer

Japan

Japanese corporates look abroad for growth

Hostile bid subverts Japanese politeness

Afghanistan

Afghanistan gets back to business

Middle East

MENA’s financial sector landscape: The shape of things to come

Iran

Tehran’s top banker looks to the future

Iran hangs on in financial markets

Iran’s private sector gets a new lease of life

Lebanon

Lebanese reforms caught in the crossfire

Lebanon’s finance minister: ‘The phoenix will rise again’

Saudi Arabia

Saudi economic city passes the IPO test

Africa

How litigation became a priceless commodity

Nigeria

Has Nigeria turned the corner?

Central Europe

Does east follow west to the euro?

Russia

Investors delve into Russia’s regions

Russian asset managers look to retail for growth

Kazakhstan

Max Petroleum: To infinity and beyond?

Visor declares a state of independence

Following the Compass: a mutual fund attraction?

TuranAlem tries to climb up the ladder

Emerging Europe

OTP: predator or prey?

Romania

Romania’s privatization starts to pay off

Turkey

Sabanci redefines the family business

Balkan region

Ahead of the investment curve in the Balkans

Mainstream Macedonia

Europe

The hidden gems of European banking

Iceland

Iceland: Crisis? What crisis?

Iceland’s financial supervisory authority: Tight supervision

Ignorant analysts

Árni Mathiesen, Iceland’s finance minister: What went wrong and what comes next

Emerging markets

Microfinance: Beyond philanthropy

How Ashmore became part of the EM establishment

Latin America

The inexorable growth of credit derivatives

Brazil

Why Brazil is all abuzz

Gol’s high-flying borrower

Capital markets

Frequent borrowers look to euros

Real estate

Europe’s real estate revolution

European CMBS: Chips with everything

Real estate survey

Real estate survey 2006: A perfect storm

Unbundling debate

Unbundling debate: The price of progress

Structured finance

Property derivatives: The tipping point

Financial supply chain debate

Financial supply chain debate: Cash is still king

IMF letters page

IMF letters page

Debt markets news & opinion

Covered bonds: Details emerge of WaMu’s landmark covered bond

Supranationals: IFFIm: a supra new borrower?

Trading platforms are not yet an electrifying experience

Debt market round-up: Goldman puts a new Edge on SSA

Debt market round-up: ...and steals Sismey from JPMorgan

Structured finance news & opinion

CDOs: Axa turns back the clock

German real estate: Pension funds weigh in

LBOs: Vital ingredient for Inmocaral

SF market round-up: Bleak outlook for credit card ABS

Foreign exchange news & opinion

Reserve management: Reserve judgement on dollar diversification

Pension fund managers: Better beta from FX

Monetary policy: Surprise UK rate hike fuels leak rumours

FX market round-up: Eley departs suddenly from Hotspot FX

Fund management news & opinion

Hedge fund strategies: Come back global macro hedge funds – all is forgiven

Asian funds cry out for more service providers

Prime brokers: Managers lament shortcomings of capital intro

FM market round-up: SEC - At last! A sensible decision…

FM market round-up: Red or black? Let’s call it flat..

FM market round-up: Market prediction

Fund management: Pimco reassesses emerging markets approach

Equity markets news & opinion

Equity derivatives set for continued global growth

Global markets: Equities outlook turns on the US consumer

Sustainable stocks: Fund managers turn to ‘ethical’ stocks for profit

Equity market round-up: The month in numbers

Equity market round-up: People moves

Asia news & opinion

Time for a foreign foray in the Philippines?

Korea: Back to the bad old days?

Philippines: Cleaning up the curve

Asia market round-up: From glass ceiling to wild animal

Asia market round-up: Correction

Pakistan: Questions raised after botched privatization

Latin America news & opinion

Debt restructuring: Belize defaults on external debt

Banking: Central America moves out of financial backwater

Risk management: Saving face: Brazil’s derivatives boom

Latin America market round-up: Hugo Chávez watch

Latin America market round-up: CVRD eyes target in Canada

Borrower view

Borrower view: Lawrence Hickey – Digicel punches above its rating

EEMEA news & opinion

Egypt: Government to cash in on in-demand bank

Ukraine: Sovereign set for new Eurobond

South Africa: Slogans and credit cards

Russia: Gazprom gains new weight

Kenya: Three listings in two months bring vibrancy to Kenyan market

Turkey: Halkbank privatization picks up speed

EEMEA market round-up: Azerbaijani company issues bonds on the EU market

EEMEA market round-up: ERDB

EEMEA market round-up: Russia

Russia sets up rival to AIM

Market leaders

A role at last for the IMF

China’s road to the outside world

Is the US a financial backwater?

Japanese hedge funds: Japan’s long-only trap

Covered bonds: The Yanks are coming!

Emerging market CFOs: The role of risk management

Real estate: A false sense of security

Sovereign’s balancing act

Columns

Trading paper wealth for real assets

Against the Tide: US economy: Chickens and eggs

Inside Investment: Long live FX

ECB Watch: The ECB tries hard not to catch markets on the hop

Front End

CrackBerries: a warning to our readers…

Singapore: New land of smiles

IMF: Singapore welcomes the right sort of people

Dragons’ Den houses FX options trader

Dresdner’s dreadful doggerel

Quotes of the month

Off the Record