Given the range of mammoth audit failures by the biggest names in accounting, many are wondering whether it's time for a new approach to validating corporate numbers.
Statistics emerging from dictatorships and autocratic nations are not necessarily trustworthy.
Trade and tariff wars are more likely to spiral out of control now that the WTO is weaker than during tense periods in the past.
As many countries move to become cashless societies, Switzerland will vote on whether their central bank should be the only institution capable of creating money.
A nascent global recovery is improving prospects across Latin America and the Caribbean—albeit unevenly.
Click here for more on the Caribbean's economic recovery.
Despite hurricane damage, average economic growth in the Caribbean is expected to top the Latin American average according to the IMF. However, Dominica's GDP is expected to decline and weak growth is likely in Puerto Rico and the U.S. Virgin Islands where pre-existing macroeconomic weaknesses were compounded by storm damage.
On May 25 this year, the adoption of Europe’s new General Data Protection Regulation (GDPR) is set to become a watershed moment in privacy history: EU citizens gain new rights to view, limit and delete data that businesses from around ...
GE stock has lost more than 40% of its value since 2000, when Flannery’s predecessor, Jeffrey Immelt, was appointed.
Venezuela’s external debt is variously estimated between $120 billion and $143 billion, including as much as $63 billion of foreign bonds.
As Latin America’s laggards recover, growth is trending toward a regional norm of slow but steady.
The bank's CEO Jose Marcos Ramirez Miguel sees less risk now from revising the regional trade deal, even a "very positive impact" on Mexico's economy.
After more than seven years at the head of Bank of Mexico, Agustín Carstens, 59, leaves a country “more resilient,” he tells Global Finance Magazine, as he moves to a new post at the Bank for International Settlements. With the Americas at risk from rising protectionism, Carstens emphasizes the benefits of NAFTA. It’s better, he says, to tackle directly the negative impacts of globalization than to push back against widely beneficial economic integration.
The bank's chief economist Rodrigo Aravena sees more growth for the country and the region although economic risks remain.
Ignazio Visco, governor of the Bank of Italy since 2011, spoke with Global Finance about economic conditions globally and in Italy, where the banking system has been stressed, efforts to improve those conditions and Italy’s slow-and-steady return to growth.
Banorte CEO José Marcos Ramírez Miguel sees less risk now from revising the regional trade deal, even a “very positive impact” on Mexico’s economy.
Emerging markets could see funds flowing back to them as central banks unwind quantitative easing and liquidity flows back to emering market assets.
The rosier outlook gives central banks a chance to return to more traditional policies after endless cycles of easing. The US Federal Reserve (Fed) is likely to stick to its plan of slowly increasing interest rates, and the European Central Bank (ECB) could follow suit.
The breach has put the personal data of 143 million people at risk of identity theft.
With reforms taking hold and world trade recovering, Spain is stronger than at any time since the 2008 financial crisis.
The 2012 European bailout of the Spanish banks was probably the nadir of the Spanish financial and economic crisis but an aggressive approach to tackling its banking-system troubles set Spain apart from its Mediterranean neighbors such as Italy
Six years after its bailout, Portugal is still saddled with one of the highest levels of debt in the region.
Zelle is simplifying peer-to-peer digital payments in hopes of winning over mainstream mobile-banking customers.
Q&A: Adriana Alvarado, DBRS's Portugal expert, discusses the nation's vulnerabilities, long-term growth prospects and needed reforms.
Portugal looks much healthier as it emerges from its deepest economic crisis in four decades.
Moon Jae-in, South Korea's new president Civil- and human-rights lawyer and former student activist Moon Jae-in won a presidential election on May 9, becoming the 12th person to serve as president of South Korea.
South Korea elects a new president in May, and after spending months ousting the sitting president, leftists may win the chance to lead the country.
With asset prices low while fundamentals are improving, Latin American economies are poised for a rebound.
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.
Auditors may have suffered a reputational crisis in the wake of recent corporate financial scandals; but using artificial intelligence and data analytics, the profession hopes to reinvent itself.
Paraguay has emerged from the shadows of its larger neighbors Brazil and Argentina to become the “little China” of South America. Its against-the-odds economic success story is sustained by an investment-friendly climate and strong fiscal discipline.
David Malpass was one of Donald Trump’s key economic advisors before the election. He is tipped to be appointed soon as US Treasury undersecretary for international affairs.
Stricter capital controls by Chinese authorities are prompting concerns that the liberalization of the Chinese capital market is being halted at a time when the US dollar’s strength and a steady outflow of funds from the country are causing the renminbi to slide.
The Bank to Bank Forum is a traditional fixture of the European chapter of the Bankers Association for Finance and Trade (BAFT). Nearly a century old, the association advocates free-market solutions for trade services.
Justin Trudeau's government wants to boost infrastructure spending, but without using tax dollars, so it's establishing a bank to attract private money.
The cost of producing solar power has fallen sharply in the past five years—so much that in some cases it can be half the price, or even less, of conventional power. Experts predict solar's cost will continue to plummet.
Central bank governors face the tough task of stimulating growth with monetary policy, which seems to have reached a natural limit. Only fiscal policy can set the stage for long-term expansion.
Collection troubles and resource dependency hamper African governmental efforts to raise revenue.
While on a road show for US clients, Bryan Leith, chief operating officer of KPMG’s global Africa practice, sat down with Global Finance to discuss the continent’s economic prospects.
Study says income and wealth inequality, which have widened a lot in the past 30 years in the US and elsewhere, make recessions more severe because poor people, who have little or no savings and often flawed credit, sharply reduce consumption when facing a sudden drop in income.
South Africa's growth is impeded by long-term constraints; still, the government deserves credit for tackling reforms.
Foreign-currency bonds offer needed resources but come with heavy risks.
Post-Brexit, real estate deals were supposed to decline--especially in London. Yet the market may prove more resilient than expected.
HUMAN RESOURCES | Performance appraisals drive everyone nuts, but many US companies are doing them more often.
Peru | Even though Pedro Pablo Kuczynski was elected Peru’s new president by a whisker, his victory was greeted with enthusiasm at home and abroad.
With interest rates in the gutter, large corporations are looking to put their excess funds to good use.
Banks and fintech firms are finding synergy in partnerships that join the former’s market know-how with the latter’s technological wizardry.