One of the three global ratings agencies adds ESG to its criteria for rating creditworthiness.
National security concerns dampen cross-border M&As.
Chaebols, an aging population, and an erratic northern neighbor are going to keep the new South Korean finance minister busy.
The high court ruled that online retailers must collect state sales tax from consumers but the international implications of this are unclear.
New Lowe's CEO faces a heavy lift.
Rising interest rates show no sign of dampening dividend payouts or stock buybacks. Not yet, at least.
The new chair of the U.S. Federal Reserve is steadily raising rates amid a more volatile economic environment.
EON and RWE swap assets to become a market leader.
Sovereign wealth funds are looking to buy data—and they're buying the data companies to acquire them.
Olaf Scholz’s spending policies and his Social Democratic Party's criticism of Angela Merkel's ‘forced austerity’ could lead to higher spending, a reduction of Germany’s historical surplus and the risk of inflation.
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 ...
Many small, fast-growing start-ups aspire to become a unicorn—a private company, usually in the technology space, with a valuation of more than $1 billion. Unicorns are mostly associated with tech hubs like Silicon Valley. But they’re slowly part of a ...
Longtime senior executives Greg Abel and Ajit Jain were promoted to vice chairman on January 10 and joined Berkshire’s board of directors. The announcement might suggest that Abel and Jain, alone or together, might lead the company in the near future.
South Korea’s new overtures to Kim Jong II are part of a broader regional diplomatic initiative. Moon visited China, a North Korean ally and key trading partner, in December 2017, and called for better South Korea-China relations.
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.
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.
Zimbabwe’s new leadership faces a difficult macroeconomic environment.
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.
The proposal includes review of additional categories of transactions, such as nonpassive investments in critical technologies or infrastructure companies.
Companies are concerned about the vague language of the bill about the applicability of the tax, and the fact that bilateral tax treaties, designed to avoid double taxation, will not function well under these circumstances.
Jalak Jobanputra, founding partner of Future\Perfect Ventures, an early-stage venture-capital fund, visited Global Finance to discuss the state of fintech, the future of blockchain and digital currencies, and how corporations can extract more value from such technology.
Companies that follow this strategy tend to create a culture of awareness about cost drivers, budget cuts and targets.
Richard Nephew, a former principal deputy coordinator for Sanctions Policy at the US Department of State who now teaches at Columbia University, visited Global Finance to discuss economic sanctions, their effectiveness, and why corporate finance leaders should care.
Kåre Schultz will take over as CEO at a time when the pharmaceutical company struggles with competition, downward pressure on drug prices, expiring patents, rising operational costs, bribery investigations, fines and failed acquisitions.
David Knopf, 29 years old, represents a new breed of millennial executives who have risen up the ranks at global companies.
SPACs , created in the US in the 1990s to help financial sponsors raise funds more quickly in capital markets, had suffered, until recently, from a weak IPO market and several failed acquisitions.
Kenya has seen strong economic performance and a growing middle class under Kenyatta over the past decade
The US based food giant announced that Dirk Van de Put will become the company’s new CEO in November. He will have to address changing consumer preferences like fresh over processed Food, organic ingredients and dining out
Ivan Pilný’s economic leadership could be critical in the coming months, given the Czech Republic's overdependence on challenged European countries.
Michael Gould, founder and CTO of Anaplan, a performance-management Cloud platform provider, visited Global Finance to discuss innovation in corporate software, the fast-growing need for data analysis, and how to turn an idea into a global company.
Following the April summit the US and China achieved a 100-day joint action plan, a significant departure from Trump’s campaign rhetoric
After Wells Fargo forced two senior executives to pay back $75 million in compensation, other companies are rethinking clawback clauses—which experts say are effective governance mechanism.
The Starbucks brand will be impacted by COO Johnson taking the top slot from CEO Howard Schultz, adding to pressure on the company.
A new movement is pushing back against short-term investment and narrow focus on quarterly earnings.
Political pressure is on sovereign wealth funds to use investment to support local communities and infrastructure.
CSX is only the latest example of shareholder activists pushing for change in leadership.
Global Finance: What economic indicators does your firm focus on in China? Leland Miller: Growth alone is not a good indicator, due to China’s borrowing and spending. Additionally, GDP information can be easily manipulated and numbers are not transparent. We ...
Margaret Georgiadis, a former Google executive, joined Mattel in February as its new CEO. Mattel is one of the world’s largest toy companies and the executive leadership change comes at a time of substantive growth for the global toys industry.
American-style shareholder-first capitalism isn’t the only way to go. Some countries and companies practice “stakeholder capitalism,” which recognizes the interests of labor, customers and the community.
The Trump campaign in the United States and the UK’s Brexit movement put forth renewed calls for economic policies with potential to limit or reduce cross-border trade.
Justin Brass, managing director at litigation finance specialist Burford Capital, recently visited Global Finance to discuss funding innovation and the bottom-line value of litigation.
António Guterres, the former prime minister of Portugal and UN high commissioner for refugees, took over on January 1 for a five-year term as the United Nations secretary general. The fact that Guterres ran a major UN agency during a global refugee crisis would help him to focus on ways to better integrate the various UN operations and to partner with other institutions.
The Coca-Cola Company, one of the most identifiable international brands in the world, is changing its leadership.
Israel's economy depends on foreign trade, and that presents a challenge under current conditions. Policymakers remain focused on high-tech while keeping an eye on global political developments.
After an absence from financial markets, special-purpose acquisition companies, or SPACs, have recently returned--and are popping up in new markets around the world.
The scandal that led to the president's impeachment implicates some of South Korea's best-known conglomerates.
Caterpillar, the US-based leader in the machinery and engine industry, announced that in January Doug Umpleby, a longtime Caterpillar executive, will succeed Doug Oberhelman as the company’s CEO. He will be challenged by slow growth worldwide.
Eli Broverman is president and co-founder of Betterment, a provider of automated online investment advice—“robo-advisory.” He visited Global Finance to discuss technology and asset management.
US: Heather Bresch, the CEO of Mylan, an American pharmaceuticals company, finds herself at the center of one of the biggest pharma controversies in recent years: price-gouging.