Foreign Exchange

AT HAVEN’S END? Multinational corporations could have a much more difficult time shifting profits to low-tax jurisdictions—and deductions to high-tax ones—under new OECD rules. When Apple CEO Tim Cook testified in defense of the computer giant’s tax practices on Capitol ...

CORPORATE FINANCING NEWS By Gordon Platt The Federal Reserve is expected to gradually cut back on its bond purchases, becoming the first of the major central banks to do so. The divergence in US monetary policy from those of Europe ...

Ever since the financial crisis, when political stalemate enveloped the planet and the fate of the global economy seemed to rest in the hands of the Ben Bernankes and Mario Draghis of the world, central bankers have found themselves in ...

If you attended to the teeth gnashing and handwringing following the Federal Reserve's announcement that it is considering a gradual slowdown of quantitative easing, then you would be hard-pressed not to believe it is the end of days for emerging ...

REVEALING INNOVATION By Rebecca Brace A number of new technology solutions building a presence, thanks to SWIFT’s annual start-up challenge, hold the promise of making life easier in corporate treasury and financial management. There are plenty of competitions designed to ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt Volatility has returned to the currency markets, as participants weigh the likelihood that the Federal Reserve could dial back on its purchases of bonds if the US economy improves. A relatively strong ...

BRIGHT STARS By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt Following a year that included some of the biggest scandals in banking history—the London Whale, the Libor rate-fixing scandal, widespread money laundering, insider trading, rogue trading and outright ...

PROTECTING THE BALANCE SHEET By Paula Green Companies using trade credit insurance to secure their bottom lines are finding a marketplace with ample capacity, expanding terms—and even new players. Photo Credits: IGOR PLOTNIKOV / Shutterstock.com Trade credit insurance is an ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The euro slumped to a four-month low in the aftermath of the bailout of Cyprus, as market participants worried about the implications for other countries on the periphery of the eurozone. Although ...

ENGINEERING THE NEW TURKEY By Justin Keay Major infrastructure investments and improved economic strength are just two of a number of positive developments to come out of Turkey in the past year. Ankara stunned investors in February by scrapping its ...

The extraordinary monetary moves of Haruhiko Kuroda, the new governor of the Bank of Japan, have dominated economic commentaries for the past few weeks...

MILESTONES: EMERGING MARKETS By Erik Heinrich The BRICS (Brazil, Russia, India, China and South Africa) countries have agreed to set up a development bank to better serve their economic needs and reduce their reliance on Western financial institutions. The move ...

MEETING POINT By Dan Keeler Panama is working hard to become the dominant corporate hub in Central America. With its stable and open economy and its uniquely favorable location as the bridge between North and South America, Panama has long ...

CHANGE IS AFOOT By Paul Mackintosh Central & Eastern European countries are trying hard to differentiate themselves from their southwestern neighbors. Corporates in the region are dealing with a new playing field as many assets once owned by major Western ...

NO LONGER JUST A GAME? By Ronald Fink The recent spate of currency devaluation will start to have a serious impact unless global leaders focus on economic fundamentals, rather than figments. The yen is down 25% against the euro since ...

A DECOUPLING IN THE WORKS By Udayan Gupta Intraregional investment within Asia is starting to take hold—reducing reliance on demand from developed markets. When Essar Power, a unit of Asian energy giant Essar Energy, raised approximately $900 million in India ...

MILESTONES: GLOBAL By Gilly Wright Japanese financial group ORIX’s acquisition of a 90.1% share of Dutch asset management company Robeco from Rabobank for $2.6 billion is both the largest Japanese outbound deal so far this year and a reflection of ...

SEARCHING FOR SECURITY By Andrew Cunningham Global Finance presents its half-year update to the World’s Safest Banks Ranking. Canadian banks suffer downgrades but remain well represented in global safest rankings. Downgrades by both S&P and Moody’s have forced Canadian banks ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The dollar has been in a long-term declining trend against the major currencies for nearly a decade, losing about 40% in value, but analysts say it is no longer weakening in periods ...