Norway’s sovereign wealth fund has decided to steer clear of corporate bonds, which will help it to avoid the reputational traps that loom for some other large investors.

Global finance needs to believe in the progress it can drive to meet environmental challenges.

Many asset managers have opted to pay for research under Mifid II, but exactly what those costs will be is still unclear.

Hurricanes, electric cars and pollution rules are bringing volatility back to the commodity markets.

Big banks have the scale to fund new digital platforms but also face the high cost of maintaining legacy IT.

If European bond investors want to protect against rising rates, they must first put on more risk.

Qatar’s financial sector might not be the only one to struggle under a blockade imposed on the country since June by a coalition of Middle Eastern states.

The big banks underestimate ‘big tech’ at their peril.

It’s right to adopt a stance of scepticism over banks’ commitments to environmental, social and governance standards, but it’s people, not corporations, who pilot changes in course, and Euromoney is in a privileged position to witness such changes first-hand.

Sovereign targets credit uplift for euro admission; Lazard advises on SOE restructuring.

Startup promises ethical, customer-led approach; first it needs a licence.

Iraq’s former industry minister, Mohammed Alderajy, is brutally honest about the country’s culture of corruption and resistance to reform. The banking sector is far from immune. He says a new attitude is needed if Iraq is to improve its prospects for reconstruction.

Banks in Qatar have been hit hard by its powerful neighbours’ unexpected blockade, but finance, just like other sectors of the Qatari economy, is finding ways to cope with this sudden realignment of regional alliances.

Amr El-Garhy is Egypt’s ninth finance minister in a little over six years – and after a revolution, a coup d’état and last year’s surprise currency flotation, the Egyptian economy is in desperate need of stability. El-Garhy talks to Euromoney about the challenges facing him and the country.

As jitters about the future of high-street retail in the US and beyond prompt property investors to pare their exposure to the sector, Brookfield Property Group, one of the world’s largest, is busy ramping up.

President Mauricio Macri’s economic inheritance was toxic; his policy of gradual fiscal realignment looks like it will lead to success in this year’s crucial mid-term elections, but the country desperately needs investment to maintain the transition.

Low oil prices have put Oman’s government under pressure, while regional political turmoil could make life even more uncomfortable. A new economic model is called for, but can the leaders in Muscat find one quickly enough?

The surprise victory of Donald Trump in last year’s US election stopped Mexican M&A in its tracks, but as the stock market and the peso started recover in 2017, so too did Mexican corporate appetite for acquisitions, not least in the US.

Germany’s public-sector banks are not meant to be profitable – they have a social function – but even though stresses will continue, savings banks have found ways to work with the Landesbanks.

Investment in logistics assets is on the up, while interest in retail properties seems to be on the slide, dragged down by the sense that they are the past, not the future. But bricks and mortar may yet have some bounce in it.

It is not just corporations and states that have built up record debt levels: the indebtedness of the booming sub-sovereign market – especially among state-owned enterprises – can be difficult to see until something goes wrong. Should investors be spooked?

BRI may be hard to define, but it is already working wonders in parts of a region crying out for good infrastructure. Global and regional lenders are happy to go along for the ride.

The Belt and Road Initiative offers much to the disparate markets of the Middle East and Africa, but not all those countries seem so enthusiastic in return.

The former Soviet states of central Asia and the Caucasus are ideally placed to benefit from the Belt and Road Initiative, but realizing their full potential will require reform as well as infrastructure development.

Chinese policymakers and firms are showing an increasing interest in central and eastern Europe – but will Beijing’s ambitious plans for infrastructure development put China on a collision course with the EU?

A close neighbour with a large infrastructure deficit, southeast Asia is a natural target for China’s Belt and Road Initiative, but when do mutual benefits for China and the region become regional dominance for the Asian giant?

China’s Belt and Road Initiative is so vast and ambitious it can be difficult to understand how it will all work in practice – what makes a BRI undertaking, how will they be funded, will they be trophy projects or on commercial terms, how are they originated? – so Euromoney spoke to 16 institutions all looking at BRI from their own different perspectives.

Supply chain finance management is more than just about extending favourable payment terms – corporates now need their banks to be involved all along the chain to keep their suppliers operating.

A decade after the great panic of August 2007, a harbinger of the global financial crisis that followed, Euromoney brings together chief executives of three firms almost brought down by the credit crunch. We ask them to share their recollections of that time, discuss key lessons learned and debate the likelihood of a new crisis, the banking industry’s ability to withstand it and how to improve regulation.

President Mauricio Macri’s success in Argentina’s primary elections suggests that his gradualist approach to reform might be the right strategy after all.

Nearly every time Europe’s Bank Recovery and Resolution Directive is called into play, there seems to be a new justification for using public money.

Why did CIMB sell half its international brokerage business to China Galaxy? It is a coincidence of interests: survival on one side, expansion on the other.

A falling number of corporates are choosing to list on the Taiwan Stock Exchange. Given the dire after-market performance of Aslan Pharmaceuticals, it is not hard to see why.

Find out which companies are rated the best developers, advisors and banks in global real estate in the latest instalment of Euromoney’s Real Estate Awards.

Insanity can be defined as repeating the same mistakes and expecting different results. The elites spawned by unfettered global capitalism and a market-driven financial system are still to heed the lessons from the global financial crisis and the rise of populist nationalism.

A textbook case, a long-inevitable state bailout and a brazen political fudge: Europe’s BRRD has had something of a rough ride this summer. As the region’s banks brace themselves for the capital-raising marathon that is MREL, are the new resolution regulations actually doing more harm than good?

Fintech and digital financial services are rushing in to help refugees and migrants access and transfer money, but their innovation isn’t just changing how humanitarian aid agencies operate – it’s also offering solutions for broader financial inclusion challenges.

Cutting-edge technologies are being harnessed to bring affordable financial services to hundreds of millions of people in emerging markets. They offer a glimpse into how financial services in the rest of the world may develop.

As an ecosystem to support and build the social bond brand starts to emerge, could the market outstrip its green cousin? There is a good chance, given the breadth of problems and the financing needs behind them. But some big challenges lie ahead.

In the refugee camps of Jordan and Lebanon, life for the many of the 5 million Syrians displaced by civil war somehow goes on. A whole new financial ecosystem is needed to support the amazing resilience and initiative of many of these refugees, who have little prospect of going home. It presents a new challenge for NGOs and they need the help of investors, financial institutions and the private sector. Euromoney visited camps in Jordan and urban areas in Lebanon to talk to aid workers, government and non-government officials and the refugees themselves to find out what role the banking system can play in alleviating the greatest humanitarian challenge of this century.

The future of climate change finance lies in its ability to attract private capital. It is a complex task, but the key to its success will be in keeping products offered to investors as simple as possible.

Climate change finance for the V20 and other vulnerable states will need innovative thinking. It turns out plenty has already taken place, including a detailed proposal to bring funding to those who can’t raise it independently.

There is an abundance of funds seeking to channel money into climate finance projects in vulnerable countries, with the Green Climate Fund in the vanguard. But why is so little money reaching the countries that need it?

Costa Rica’s ambitious commitment to reducing carbon emissions places it at the forefront of the fight against climate change. But its politicians worry that, with financial aid being focused elsewhere, it could effectively be punished for its early adopter status.

Pacific island states like Kiribati, the Cook Islands and Palau are among the most exposed in the world to climate change. It is not just rising sea levels that threaten to obliterate them, but also more extreme storms and tides, the acidification of the seas that provide their livelihood, and drought. Worse, their relative obscurity makes it hard for them to state their case, they lack the institutional capacity to approach multilateral funding sources and many of them are flat broke anyway. What can they do?

No nation is more at risk from rising seas than the Maldives. Yet the government seems more interested in tourism than sustainability, and access to international funds is difficult. Has the climate change debate lost relevance in the country that inspired the creation of the V20?

High net-worth families and their wealth are more mobile than ever, making private banking an increasingly global affair. The industry is changing at breakneck speed, but it is also a place where old-fashioned virtues lead to higher profits and more business from new clients.

Cesar Purisima was secretary of finance of the Philippines when Typhoon Haiyan devastated much of the country. It was a lesson he hadn’t forgotten when he became the founding chair of the V20, a vehicle for the world’s most climate-vulnerable nations to speak collectively.

Panic buying of altcoin offerings is an obvious bubble that hints at a far more worrying loss of faith in the world monetary system

Amid rising uncertainty over when the ECB will end quantitative easing and the likely extent of rate rises in the eurozone, the realization dawns that some investors could suffer devastating losses.

It is rare for financial market professionals to feel they are helping to save the world, but a new capital markets deal from the World Bank to help the poorest countries cope with pandemics might be doing just that