Six years after its bailout, Portugal is still saddled with one of the highest levels of debt in the region.
A positive macroeconomic outlook and a sharp decline asset prices are once again making Brazilian investments attractive for large international private equity firms, which are cautiously returning after three years of economic crisis.
HUMAN RESOURCES | Performance appraisals drive everyone nuts, but many US companies are doing them more often.
Trends | Shadow Banking
Renaud Laplanche, Lending Club’s founder, chief executive and public face, resigned abruptly in mid-May. His resignation casts a pall over not only the peer-to-peer lender that claims to be the world’s largest online marketplace connecting borrowers and investors, but also the shadow banking industry as a whole.
Capital Markets | Cross-Border Payments
Forty-five international banks have teamed up with the financial messaging provider Society for Worldwide Interbank Financial Telecommunication (SWIFT) to launch an initiative aimed at making cross-border payments faster and more transparent.
Capital Markets | Debt Restructuring
Americans used to like Puerto Rico, a United States territory in the Caribbean, not only for its white, sandy beaches but also because of its high-yield, tax-free bonds.
Trends | Taxation
As part of a crackdown on generous tax incentives across the European Union, in January the European Commission (EC) demanded Belgium claw back €700 million ($762 million) in tax breaks from at least 35 European firms.
Management | Risk Management
Cyberattacks, safety concerns, climate change, regulatory demands, declining oil prices, less demand from China, a crumbling and volatile stock market: There is no lack of risks in doing business, and at the start of 2016, they are ever- present for corporations small and large.
Trends | Peace Deals
Low oil prices are widening Colombia’s current-account deficit, dampening the confidence of foreign investors and dragging down the economy.
Tom Manning, affiliate partner at Waterstone Management, has been advising global companies on China, and vice-versa, for years. The onetime CEO of Ernst & Young Consulting Asia, Capgemini Asia, Cerberus Asia and Indachin, and former senior partner at Bain, sat down with Global Finance to discuss the nation’s quiet innovation revolution.