Noboa’s fatallegacy

Despite the supposed fiscal rectitude demanded by dollarization, Ecuador has once again spent itself into trouble.

Triple exchange clears the line

A complex debt exchange during a merger transaction saved AT&T Broadband and Comcast the expense and the hassle of raising new debt.

Taking on the big two

Bank reform in Russia is hampered by the dominance of the two big state-owned banks, neither of which can be speedily rationalized or sold off without disruption.

The golden mandate

The volume and sophistication of Poland’s debt strategy last year made it the golden mandate for emerging-market debt teams.

Who rules whom?

Is the burgeoning credit derivatives market still best seen as a hedging device? Or have some participants turned it to unfair advantage over bond investors on the basis of what amounts to inside information?

Time for a reality check

HVB and Commerzbank face an awful choice: lend more to German companies and rack up those NPLs, or stop lending, induce more bankruptcies and drive away customers.

Browder rides the wave

A pioneer of foreign investment in post-Soviet Russia, Bill Browder has battled with corporate misdeeds and tracked the “bad guys” to take his Hermitage fund up 446% since 1996.

Investors heed oil funding row

A dispute over the funding of oil pipeline development pinpoints increasing tension between foreign investors and the Kazakh authorities that may hamper the development of offshore Caspian oil resources.

Empowering the market

Russia’s central bank is launching a controversial new scheme aimed at creating stability and competition.

Empowering the market

Russia’s central bank is launching a controversial new scheme aimed at creating stability and competition.