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.
The intensifying regulatory environment has led more law schools to offer executive education programs that focus on law, ethics and compliance.
Clement Naples, partner at Latham and Watkins, a global law firm specializing in intellectual property, visited Global Finance to talk trends in patent litigation, valuations and the role of IP in investment decisions.
MERGERS & ACQUISITIONS | Verizon's purchase of Yahoo assets will help it build the strength it needs to compete with other telecomm/tech giants.
Jordan | Hani Mulki, a former Jordanian minister, was appointed interim prime minister in May.
Aaron Brickman, senior vice president for strategy and development at the Organization for International Investment (OFII), a nonprofit trade association, also founded SelectUSA, a federal program to promote foreign direct investment in the US. He visited Global Finance to discuss the state of FDI worldwide.
Management | Corporate Culture
Several recent financial and corruption scandals have forced multinationals to develop comprehensive corporate conduct and compliance programs.
Arthur Kroeber, head of research and founding partner of Gavekal Dragonomics, spoke with Global Finance about China’s politics, its markets and its future role in the global economy.
As the commercial world becomes more litigious, individuals and corporations are increasingly hamstrung from pursuing justified legal claims by a lack of liquidity or other means of financing.
The so-called Panama Papers, more than 11 million leaked documents from a Panamanian law firm, are shining a spotlight on the scope and financial impact of the offshoring financial industry and global efforts to move assets to tax havens or less-regulated jurisdictions.
Newsmakers | Mexico
Mexico’s giant state oil company Pemex has a new boss, González Anaya, and he’s got a mess on his hands.
Trends | Patents
As sovereign governments expand their investments into uncharted territories, a new kind of fund has emerged: the sovereign patent fund (SPF), a state-owned patent investment fund that buys and licenses patents, covers the cost of litigation and protects against patent infringement.
Management | Cybersecurity
Multinational corporations face rising IT challenges and cyberattacks. Retailer Target, office supply chain store Staples and global banking powerhouse JPMorgan Chase are just a few major companies that have recently been hacked—and that have sustained financial costs and damage to their reputations as a result.
Scott Galit is the CEO of Payoneer, a leading private financial services company focused on digital money transfers and e-commerce payments. He sat down with Global Finance to discuss challenges and opportunities in the space for emerging financial technologies and traditional banks alike.
Delta Air Lines, one of the world’s largest carriers, announced in January that its president, Ed Bastian, will take over as chief executive in May. He replaces industry veteran Richard Anderson, who will become Delta’s executive chairman.
Spain: Legislators in Catalonia elected Carles Puigdemont, who has been pushing for independence for the big Spanish region for years, as president on January 10.
Security Risks | Management
Recent terrorist events around the world, from California to Paris, have forced multinational companies to think more seriously about security and nonmarket risks, and the impact of threats on their operations and business continuity.
The opposition party in Venezuela won the majority of seats in the National Assembly (Venezuela’s parliament) in national elections early in December.
Management | Trade Negotiations
Corporations’ business decisions depend on regulatory certainty, but as the passing of TPP legislation faces various hurdles, corporate decision-making processes will need to remain flexible.
Country Report | Israel
Chinese investors flock to the nation’s cutting-edge tech sector.
Thomas Gass, assistant secretary-general for policy coordination and interagency affairs in the Department of Economic and Social Affairs at the United Nations, talked with Global Finance about the UN’s new Sustainable Development Goals and how the private sector can help.
Heng Swee Keat, Singapore’s education minister and former central bank managing director, was named the nation’s next Finance minister after a landslide election victory in September by the ruling People’s Action Party and prime minister Lee Hsien Loong.
Sovereign wealth funds have expanded dramatically in recent years. High commodity prices and large foreign exchange reserves have contributed to their significant growth in global markets.
Executive Pay | Since the global financial crisis of 2008, corporate boards have been under pressure to tie executive pay to performance.
Eni, the Italian energy company that was unsuccessful in finding exploitable hydrocarbons in Cyprus, now has a major find on its hands elsewhere.
Patrick Njoroge was named governor of the Central Bank of Kenya in June, part of a broader change in leadership at the Central Bank, including a new chairman and second deputy governor.
Trends | Sovereign Funds & Trade
This summer US Congress passed a law giving president Barack Obama the authority to “fast-track” free-trade pacts such as the multinational Trans-Pacific Partnership (or TPP), which covers around 40% of trade in American goods and 60% of trade in Asian goods.
Milestones | New Zealand
In June, the Reserve Bank of New Zealand lowered its key cash interest rate a quarter of a percentage point to 3.25%, the first time the central bank has cut rates cut since 2011, citing a combination of deflationary pressure, plunging commodity prices and a slowdown in key export markets like China.
United States | Verizon, one of the largest wireless providers in the United States, announced on May 12 that it will acquire AOL, a leading Internet pioneer and Web content provider, for $4.4 billion.
Newsmakers | Israel
Israeli prime minister Benjamin Netanyahu’s success among center-right political parties, which saw him recently elected for a fourth term, may have provided a stable political platform, but international pressure and recent social unrest could see the country change economic direction.
Global Finance sat down with José Gerardo Morales, Chief Investment Officer of Mirae Asset Global Investments (USA), to discuss challenges and opportunities in emerging markets, and the state of geopolitical risk in 2015.
Trends | US Dollar/Mergers & Acquisitions
The US dollar has climbed some 25% since June to its highest level in the past 12 years, which could have a significant impact on one of America’s biggest economic drivers: foreign direct investment.
Management | Foreign Direct Investment
FDI volumes are declining globally, as some national governments take a stronger stance against foreign ownership of their companies and land.
China | Milestones
The Chinese government has followed the US and Western European model by providing deposit insurance for private savers in the Chinese banking system.
Venture Capital | Trends
Start-up companies and innovators in the Arab World have suffered from underinvestment and lack of technology infrastructure in recent years.