Global news and insight for corporate financial professionals
To get around sanctions, Venezuelan president Nicolas Maduro is issuing an oil-and-reserves-backed cryptocurrency. If it succeeds, the ICO should provide the government with access to $6 billion. But cryptos are dicey.
External regulation and internal economics curb Beijing's appetite for investing around the globe.
Nobuaki Kurumatani, a former banker experienced in restructuring distressed companies, will be the first outsider to run the electronics giant in more than 50 years.
A Bocconi University analysis shows that a foreign CFO is likely to add a layer of investor protection. While anecdotal reports support this, the view from emerging markets suggests the global reality is not so straightforward.
FTSE announced Kuwait’s forthcoming addition to the Secondary Emerging Markets list last September. What’s happened since?
Salah Al-Fulaij, CEO of NBK-Kuwait, shares thoughts with Global Finance about competition, Kuwait’s growth prospects and the pressures of global regulation.
In this Northern Triangle nation, as elsewhere in Latin America, weighing the risks and rewards of foreign direct investment leads to difficult choices.
Asset valuation is one of a chief financial officer’s core functions. CFOs are regularly asked about the value of a company’s shares, assets and subsidiaries, as well as that of companies and assets targeted for potential acquisition. Yet increasingly, companies ...
Countries like Algeria, Morocco, Bolivia, Ecuador, Kyrgyzstan, Nepal and Bangladesh have all issued bans—or at least begun the process—on bitcoin and other alternative currencies, in order to stamp out tax evasion and irresponsible trading.
The construction-equipment giant finds itself at the center of a tax controversy involving the Internal Revenue Service (IRS) and the impact of US tax reforms on domestic and international companies.
An intellectual property (IP) rights’ victory in China for the Danish toymaker will also give comfort to other Western consumer-goods companies struggling with similar issues.
The Paradise Papers leak prompted yet more indignation about corporate tax avoidance, and cash-strapped governments claim to be tackling the issue. What will it mean for corporates?
The Basel III rules aim to decrease bank leverage and increase liquidity. In addition to capital efficiency, the rules also institute stress testing and standardize market liquidity risk.
The repeal of net neutrality sparked immediate political response from consumers, but its impact on business will be complicated, and take time to unfold and to absorb.
After 37 years of autocratic rule under former President Robert Mugabe, Zimbabwe has been left broke. Rebuilding promises to be a long, costly and tough process.
Jerome Powell is President Donald Trump’s nominee to replace Janet Yellen as chair of the US central bank. He will start his tenure in February 2018.
Prince Mohammed bin Salman put 11 princes and nearly 200 high-ranking officials, under arrest for corruption.
As the January deadline draws closer, realities of surviving in the post PSD2 are starting to dawn on banks.
The proposal includes review of additional categories of transactions, such as nonpassive investments in critical technologies or infrastructure companies.
As shariah-compliant vehicles gain traction, the agencies are increasingly willing to rate Islamic banks.