Argentina: Will Alberto Fernández succeed where Macri failed?
There seems little certainty about Argentina upon which to build a monthly column, but I am prepared to stick my neck out and say the next president of the country is going to be Alberto Fernández. It also looks likely...
Mexico risk to Pacific Alliance’s IG club status
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: SContreras@Euromoney.com By: Published on: Friday, September 20, 2019 Three-quarters of fund managers that responded to a recent Bank of America Merrill Lynch survey think that Mexico is going to lose...
Saudi Arabia considers three new banking licences
The Saudi Arabian Monetary Authority (SAMA) is processing applications for three new banking licences in the country, showing scope for more banks to open in Saudi despite ongoing consolidation in the sector, its deputy governor said on Thursday. Two are...
FX market bounces back on swaps, forwards growth
The 2019 Bank for International Settlements (BIS) triennial central bank survey certainly makes for better reading for the FX industry than its 2016 edition. Spot trade volumes are up 20% over the last three years, FX swap activity increased by...
KfW: Germany’s source of cheap capital
Germany’s third-largest bank, KfW, is a development bank unlike any other – designed originally by the UK and US military governments specifically to complement a fragmentation of German banking they enforced. Its remit now ranges from student loans to financing Germany’s renewable...
Market reform, Aramco IPO in focus as Saudi seeks to reassure investors
Saudi Arabian government ministers attending a Euromoney conference in Riyadh today made little mention of last weekend’s drone attacks on two Saudi oil facilities. The emphasis was on downplaying any impact on the country’s economy one day after Saudi Aramco...
Euromoney and the IMF/World Bank: A special relationship
Throughout 2019, we’ve poured our hearts and souls into reflecting the rich history of Euromoney, and the markets that we cover, to celebrate this magazine’s 50th anniversary. Our first edition was launched in June 1969. Just 15 months later, Euromoney...
EBRD backs funding platform Funderbeam to plug SEE’s equity gap
Set up in Estonia in 2013, Funderbeam is the brainchild of former Nasdaq Tallinn Stock Exchange chief executive Kaidi Ruusalepp. The platform enables growth companies to raise equity, convertible and loan finance in either public or private funding rounds. A...
Why Hong Kong’s bid for the LSE must struggle
Hong Kong Exchanges & Clearing’s (HKEX) $39 billion bid for London Stock Exchange (LSE) Group presents the London exchange with two alternative models of how an exchange should look in the modern world. HKEX’s bid is an argument for scale;...
The new shines bright in Brazilian banking
Banco Pan is set to sell up to R$1.35 billion of shares this week – and it appears to have timed the transaction to perfection. The deal is technically a follow-on but, given the structural changes to the company and...