While the Greek economy remains too weak to meet the goals laid down in the current bailout package, a highly critical report by the IMF ( leaked to the Wall Street Journal ) concludes that the fund and its troika partners, the ...
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 ...
The Dodd-Frank Wall Street Reform and Consumer Protection Act celebrated its third birthday in July, and US regulators and their European counterparts were as busy as ever - setting higher capital requirements for banks and tackling the complex matter of derivatives ...
As night follows day, bankers warn that the macroeconomic sky will fall as a result of new rules that would require them to hold more capital. The bank industry's standard argument , articulated most vociferously—if not convincingly—by JPMorgan ...
MILESTONES: FINLAND
By Paula L. Green
Even though the financial fortunes of mobile-phone manufacturer Nokia continue to weaken, Finland is not letting go of its reputation for technological innovation.
The Nordic country seems intent on sustaining the type of policies ...
MILESTONES: US
By Valentina Pasquali
In June, US regulators took yet another step in the slow but steady implementation of the Wall Street Reform and Consumer Protection Act of 2010, also known as Dodd-Frank.
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AIG to face stricter Fed supervision ... |
NEWSMAKERS: US
By Luca Ventura
When AG Lafley handpicked Robert McDonald as his successor to the top post at Procter & Gamble in 2009, he could not have predicted that just four years later he would be called out of retirement ...
NEWSMAKERS: LATVIA
By Gilly Wright
Praised by both the EU and the IMF for passing painful austerity measures, Latvian prime minister Valdis Dombrovskis will soon be rewarded by seeing his country become the 18th member of the eurozone.
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Success: Dombrovskis ... |
The quantitative easing launched in recent years by the central banks of the United States, the eurozone and Japan is entering a new phase...
DESPERATE TO DIVERSIFY
By Kim Iskyan
The countries of central Asia are working hard to become more than one-trick ponies, as each struggles in its own way to reduce economic reliance on a single growth driver.
The five countries of ...
NEWSMAKERS: ARGENTINA
By Paula L. Green
Argentine president Cristina Fernández de Kirchner isn’t afraid to tangle with the British, global bondholders, her own judicial system or even the International Monetary Fund.
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Fernández de Kirchner has until September to resolve ... |
MODEL FOR GROWTH?
By Vanessa Drucker
The Troika’s “darling of reform” is in its third year of recession. Citizens—and policy-makers—want to see the promised economic rebound.
Portugal and the European Union depend on one another. On the ...
SUNSET, OR A NEW SUNRISE?
By Michael Shari
Brazil faces a monumental challenge in meeting the expectations of its citizens, corporations and global investors over the next several years, as the nation invests heavily to host the World Cup and ...
MILESTONES: BANGLADESH
By Udayan Gupta
Even as Bangladesh tries to extricate itself from the Rana Plaza building collapse, the Dhaka disaster that killed more than 1,100 garment workers, one private equity fund is trying to infuse new capital into ...
A GLOBAL CONNECTION SWIFT’s annual Sibos conference is just around the corner, and this year attendees will gather in Dubai. With Middle Eastern companies following the trend now seen in many emerging markets and increasing the sophistication of their treasury ...
NEWSMAKERS: ECUADOR
By Gordon Platt
Five days after Ecuador’s left-leaning president Rafael Correa was inaugurated for a third and final four-year term, the country’s ambassador to the US, Nathalie Cely, addressed a group of business leaders and investors ...
NEWSMAKERS: ITALY
By Gilly Wright
“Italy is dying from austerity alone. Growth policies cannot wait,” announced Italy’s new premier, Enrico Letta, in his first keynote speech.
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Can Letta pass reforms with weak coalition partners? |
Saying that priorities would be ...
WAITING FOR THE RENAISSANCE
By Gordon Platt
Egypt’s elections promised much in terms of building a modern and democratic state. But the realities of governing for the Muslim Brotherhood are proving more difficult than initially thought—and some economic ...
UNINTENDED CONSEQUENCES By Udayan Gupta The world’s central banks are on a desperate mission to stave off deflation. But even if their short-term fixes work, the long-term outcomes may have unplanned results. Central banks are in an ...
NEWSMAKERS: SPAIN
By Luca Ventura
Appointed as chief executive of Santander in 2002, Alfredo Sáenz took less than a decade to turn the Spanish domestic lender into a multinational giant with operations in 40 countries.
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New CEO Marín kept a ... |
