When Mozambique struck gas in 2010, it was supposed to herald a bright, lucrative future for the poor African state. It hasn’t turned out that way. Rising debt, sluggish growth and a corrosive financial crisis have culminated in the IMF freezing payments to the struggling state. Its banking industry is one of the few brighter spots.

NBAD’s merger with FGB gives Abu Dhabi a bank with a similar market cap to firms such as DBS and Standard Chartered. At the same time, the emirate is merging two of the Gulf’s most powerful state investment companies, Ipic and Mubadala. Amid low oil prices, Gulf states are finding new strategies for national champions.

As the China International Payment System (CIPS) approaches its first anniversary, there is much anticipation around how the second phase of the project will impact RMB settlement volumes.

Poland’s declining risk score trend in Euromoney’s survey signals the rating agency is lagging experts in the field.

The borrower will not challenge Indian safety for the foreseeable future, but faith in the emerging market (EM) is justified by its improving risk score.

New data show multinationals taking a lower chunk of regional revenue – and it’s going to get worse.

Singapore’s GIC has promised to expand in emerging markets (EMs) for years. The Vietcombank stake is a good way of doing it.

The southern African country’s reliance on copper and recent disorderly elections have seen increased instability in the region, potentially adding to the deterioration in its ECR scores.

There is no need to panic, but the government’s new budget strategy puts the fiscal consolidation plans out of kilter and is signalling there might be trouble ahead.

Prat-Gay warns on negative impact to FDI flows; cutting energy subsidies ‘the biggest bomb’ from past administration.

Does life imitate art, or art life? This is one of the deeper questions to arise from the ever-expanding 1MDB scandal in Malaysia, where in late July the US Department of Justice moved to seize $1 billion in assets as part of its anti-money laundering investigation into the sovereign fund.

Uncertainty is increasing for peso assets as the fight for the White House heats up. Even a victory for Hillary Clinton comes with reservations attached, demonstrating how it is not just the possibility of Donald Trump winning that is ringing alarm bells.

All eyes are on the expected appointment of a new Reserve Bank of India governor, but nobody is quite clear why there needs to be a new one.

Paper products overall

Results index

Shanghai Gold Exchange overall

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Results index Methodology Physical gold overall

As the Shanghai Gold Exchange introduces a new benchmark, the country now leads in gold production, consumption and imports.

Overall results

Overall results

Posts 9.02% loss for 2015-16; sovereign fund reshapes portfolio.

Central bank’s first post-2008 intervention; Claims Nigeria’s banks remain healthy.

US investors shun Russian privatization; global banks not required, say locals.

Best global performers so far this year; Rally technical; fundamentals remain poor.

Two years into what he says will be the last job of his career, ABK’s chief executive Michel Accad has already taken the bank from a domestic to a regional player and begun much-needed modernization.

The downturn in Brazil does not faze Ricardo Lacerda, founding partner of local investment bank BR Partners. Advisory remains the bedrock of his business, but political instability makes him think the next five years could undermine the last 20.

Tomas Spurny has headed some of the biggest banks in emerging Europe. Now he has the task of transforming Czech consumer lender Moneta Money Bank into a digital leader. He talks about technology, regional risk and the joys of returning to Prague.

Yes Bank, started just 12 years ago, is one of India’s fastest growing lenders – and the most interesting by far. Its founder and CEO sits down with Euromoney to discuss risk management, cost cutting, divine intervention and why he doesn’t do the ‘wow’ factor.

HDFC launches first corporate masala bond; others may be slow to follow.