The US Treasury’s latest measure to keep US companies from reincorporating in lower-tax countries is its strongest effort yet to halt so-called “inversions,” and could have far-reaching consequences for multinationals.
US: At 42, he is a former banker, a former bailout czar and a former politician. He wants to persuade the public, from Wall Street to Main Street, that large banks pose a risk to the economic system. The risk is too high, he says, and must be eliminated—surely not a minor feat, not even for one of the presidents of the mighty Federal Reserve.
Newsmakers | United States
Edward Breen earned his reputation breaking up Tyco, so it’s no surprise that he’s hit the ground running since taking over at DuPont last October as interim CEO, a position made permanent a month later.
But big, national competitors can’t always offer the local touch and expertise that regional clients prize.
Monetary Policy | Capital Markets
Casting aside concerns about the strong dollar and weakness in economies abroad, the Federal Reserve achieved an historic interest rate liftoff in mid-December.
He has become the face of Puerto Rico’s woes, warning in media interview after interview of its inability to pay its bills and serving as the island’s bearer of bad financial news.
The Liberal Party representatives who will form Canada’s next government will field several key cabinet posts. Rookie MP Bill Morneau is taking one of the most coveted—minister of Finance.
Management | Corporate Boards
Led by investors such as Carl Icahn, Bill Ackman and Jeff Smith, and targeting companies from DuPont to PepsiCo, campaigns by activist investors have become a common occurrence in the United States in the past few decades.
Big oil companies waited for years to see if anyone could successfully tap into Arctic oil reserves.
United States: Former US Federal Reserve chairman Ben Bernanke lashed out at what he described as a do-nothing Congress in his new memoir, Courage to Act.
Global Finance interviews senior executives from some of the banks featured in this year’s World’s Safest Banks rankings.
Italy: Sergio Marchionne, the 63-year-old CEO of Fiat Chrysler Automobiles (FCA), is celebrated as the mastermind of one of the few successful mergers in the industry’s history, the marriage of Fiat and Chrysler.
Newsmakers | US
In the United States, a real estate developer turned politician is stealing the thunder of many more-seasoned statesmen.
More than a decade ago, the Fed tried to pump life into the faltering US economy. In 2008, the financial markets crashed. There is a connection.
Global Finance’s annual evaluation of the work of the world’s central bankers found some stellar performances, and some dismal ones. The toughest challenge for many: propping up falling prices.