Turkey treads water

Turkey treads water

Investors retreat in face of political instability

Big Bond Squeeze

Big Bond Squeeze

The elephant in the room…

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Country risk: Little sunshine in Barbados

Country risk: Little sunshine in Barbados

August 2014

The sovereign’s risk score has been falling for the past two-and-a-half years, culminating in overdue action by Moody’s.


Rising compliance costs rupturing banks' trade finance relationships

July 2014

Collaboration between transaction banks and Swift is helping to spread the burden and rocketing cost of compliance, but for some banks' trade finance businesses, client relationships have already been hit hard by the expense.

Deutsche hit by litigation charge amid mixed earnings for transaction banks

July 2014

Pre-tax profits from Deutsche Bank’s global transaction banking business fell 29% in the second quarter compared with a year earlier, as the business – a core part of its growth strategy – was hit by a 'litigation-related charge'.

US foreign-investment body vexes Asia merger and acquisition bankers

July 2014

Euromoney looks at the fine art of cross-border deal approval as the Committee on Foreign Investment in the United States gnashes its teeth.

Financial regulation: special focus

July 2014

Russia-Ukraine conflict: special focus

July 2014

Euromoney's coverage of the economic and financial fallout from the conflict.

China: special focus

July 2014

From rebalancing of the economy and financial reform to the internationalization of the renminbi, Euromoney sheds light on China’s economic challenges amid the global spotlight.

Credit rating agencies scrambling to keep up with Russia-Ukraine crisis

July 2014

From Estonia to Belarus, many sovereigns have been caught up in a crisis their credit ratings fail to reflect.

Gear up for Sepa 2.0

July 2014

The extended deadline for Sepa is fast approaching and, despite initial fears, corporates are set to meet it – but this is the first step in creating an efficient single European payments framework. Debate about Sepa 2.0 is now in full swing.

Rollercoaster rouble freaks analysts

July 2014

The Russian rouble is facing strong headwinds as the political fall-out over the fatal MH17 plane crash and fresh economic sanctions bite, with analysts predicting a tough year ahead for the Bric currency.

US falling behind Europe on electronic payments

July 2014

The US’s continued penchant for paper payments contrasts with the dynamism of the European market, but change could be afoot in both markets as new payment systems disrupt cheques and chip-and-pin technology.

Volatility comeback: reality or wishful thinking

July 2014

Morgan Stanley has given traders contemplating their summer holidays further cause to smile by predicting that an uptick in FX volatility might be around the corner.

China banking risks three times higher than US

July 2014

China’s banking risks have tripled in one year amid a decline in market capitalization for the sector and a rise in debt issuance, as fears over the shadow-banking system grow, according to the latest projections from a systemic risk index, Euromoney can reveal.

Emerging markets: special focus

July 2014

A cyclical blip in a structural bull market or a fundamental re-appraisal of the growth and investment prospects in developing economies? Euromoney wades into the debate about the recent bear run in emerging markets and provides coverage of FX, fixed income and equity market trends.

Departing O’Malia stresses SEF data challenge

July 2014

CFTC commissioner admits data collection ‘poor’; calls for better cross-border cooperation.

Euromoney Country Risk survey results H1 2014: EM rout prompts flight to safety

July 2014

The latest results from the ECR survey show emerging markets (EMs) becoming riskier during the first half of this year, in contrast to the increasing safety offered by developed countries across the G10 and an improving eurozone.

Cement-maker Lafarge consolidates in challenge to Dangote

July 2014

Lafarge consolidates its regional business to challenge Dangote Cement’s dominance of the market, which is growing amid industrialization, but analysts worry the company’s South African assets are overpriced.

FSB’s fix proposals come under fire

July 2014

Global regulator the Financial Stability Board (FSB) has published its proposals on how to restore the integrity of foreign-exchange rate benchmarks in the wake of alleged market malpractice, but market participants argue these simply mask deeper structural problems in the industry.

China treasury operations face location conundrum

July 2014

Treasurers and banks are divided on the extent to which financial-system liberalization in China has made it possible, or desirable, for multinationals to manage China treasury functions from elsewhere in Asia.

Cote d’Ivoire’s return to Eurobond market prices within Kenya

July 2014

Cote d’Ivoire’s return to the Eurobond market with a $750 million deal, three years after default, saw huge demand and priced within Kenya’s debut issue just a month ago.

Enhancement plans for EBS Direct as growth outshines EBS Market

July 2014

Volume on EBS Direct has increased by 70% month-on-month since its launch in November, as volume on EBS Market has fallen to record lows this year, with a management reshuffle unveiled last week.

SME financing: special focus

July 2014

The vexed battle to finance small and medium-sized enterprises (SMEs) continues in the eurozone and UK amid risk aversion, economic weakness, new regulations and banks’ balance-sheet repair. Project Merlin, Funding for Lending, Agency for Business Lending (ABL) and Breedon Report recommendations all aim to increase financing for SMEs. Here is a round-up of Euromoney's recent coverage.

Rupee futures open to foreign investors, but find few takers

July 2014

In the short-term, foreign-market players have little incentive to access the exchange-traded currency futures market, despite liberalization efforts from regulators, given the liquidity provided by the OTC market, say market players. However, in the medium- to long-term, India’s bid to develop an onshore currency futures market looks promising.

Banks could be expecting too much from BPO

July 2014

Almost a year on from the bank payment obligation (BPO) guidelines being released, the BPO is yet to take off in the market – but is too much expectation around what it can offer holding it back?

Awards for Excellence 2014: Speeches and interview videos

July 2014

Including the winners of Best global bank, Best global investment bank, and Banker of the year.

Get smart – reality check for investment banks in emerging markets

July 2014

Few houses have the wherewithal to be top five players across all asset classes in emerging markets. They should target opportunistic higher margin business.

Where Facebook meets banking

July 2014

Banks are learning to like what social media has to offer.

Quotes of the month

July 2014

Nigeria banking: spreading their wings

July 2014

Expansion beyond their domestic market highlights the ambition of Nigeria’s banks, but their success will be hampered without African cohesion.

Latin American DCM – the beeps squeak

July 2014

Latin America’s markets are as good as anyone can remember. If you’re an issuer, that is. Investors are not celebrating.