Latin American sovereigns are likely to re-open the new issue market early next year, followed by blue-chip Russian borrowers, disheartened emerging market debt bankers said this week as the global equity slump brought an end to the EM bond rally.
Brazil’s second largest private bank by assets Itaú is to buy its next biggest competitor Unibanco in a stock transaction worth around R26bn ($12.5bn) to create the country’s largest private financial institution
Russian markets have paid a heavy price for Wall Street’s excesses – but also for what many increasingly see as the state’s heavy-handedness. The troubles may only just have begun
Public private partnerships and other innovative schemes are no panacea for emerging economies’ infrastructure funding needs. Off-balance sheet financing and a surge in public investment pose more risks than often acknowledged
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