Global news and insight for corporate financial professionals
The largest companies in the world are getting bigger. Global Finance has selected three of the most respected and renowned rankings of company size—the Fortune Global 500, Forbes Global 2000 and PwC Global Top 100—to provide a comprehensive picture of which global brands are the biggest.
The idea that more wealth for some will translate into more wealth for everyone has deep roots. Today, data shows that the gap between the richest and the poorest has never been wider.
A comparison of food, clothes, shelter, transportation, and entertainment costs of the world's cities.
Ola Källenius will be the first non-German to lead the company.
Scientists offer dire warning on climate change.
Unemployment is simple enough to understand: it is an economic condition in which individuals seeking jobs remain un-hired. Yet measuring how many people are unemployed at any given moment in any given country is rather complex.
Household saving is defined as the difference between a household’s disposable income (wages, income of the self-employed and net property income) and its consumption (expenditures on goods and services.)
Money cannot buy happiness—at least six other factors are critical for nations to have happy people.
Can new leadership overcome persistent labor strife?
Another sign of China's rise.
Fiat Chrysler Automobiles' new CEO has some big shoes to fill.
PepsiCo's CEO Indra Nooyi steps down.
Islamic finance is seen as an increasingly legitimate alternative to traditional, interest-based finance.
China is rising, the US is falling, and some developing nations in Africa are outperforming according to the 2018 edition of the Global Innovation Index.
Spain's PM manages to survive a tough intra-party challenge.
Institute for Economics and Peace (IEP) reveals the most peaceful countries in the world. Despite living in the most peaceful century in human history, the world has become less peaceful over the last decade.
Iceland's banking system is back from the brink.
Volkswagen Group has a new driver at the wheel. In April, the Wolfsburg-based company named Herbert Diess, head of the flagship VW brand, as CEO. Diess will leade information technology, group development and research across the organization, while overseeing strategy ...
A Japanese ecommerce and Internet company is breaking into the mobile market.
Newly merged DowDupont will soon split into three publicly traded companies and the largest of the three will be overseen by CEO Jim Fitterling.
U.S. President Donald Trump's withdrawal from the Trans-Pacific Partnership prompted the other 11 nations that were party to the agreement to forge ahead in a new pact without the U.S.
Italo Nuovo Trasporto Viaggiatori scrapped its IPO plans to accept a sweet, trans-Atlantic, private-equity deal worth €1.98 billion.
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.
According to a Cambridge Econometrics report a “hard Brexit,” in which the country would leave both the EU customs union and the single market, could cost the UK almost half a million jobs and about $64.7 billion in investment by 2030.
With the Nestle acquisition, Ferrero has now become the third-largest confectionary company in the United States.
In a comparison with the Portuguese soccer star, Portuguese finance minister Mário Centeno has been dubbed “the Cristiano Ronaldo of Ecofin."
It is a dramatic drop compared not just to the 1990s, when stock-for-stock deals accounted for over half of all mergers, but also to 2016, when the average equaled 23.9% by dollar value.
Over the past year, India enforced reforms in eight of the 10 areas on which the rankings are based, showing improvement in nine of them.
Job-data analytics firm Burning Glass Technologies also found a 115% increase from last year in postings for blockchain developers.
Ukhnaa Khurelsukh was unanimously elected prime minister in October after his predecessor, Jargaltulga Erdenebat, was ousted by parliament following corruption allegations.
Turkey has become the world’s most generous nation, going from development assistance recipient to top donor in just over a decade.
Priscillah Mabelane is the first black woman in history to head a multinational oil major.
The country's wealth fund is the largest in the world with a staggering $1 trillion valuation.
The luxury jewelry brand has hired veteran luxury industry executive Alessandra Bogliolo as CEO hoping to revive its past lustre
US companies are scrambling to adjust to a change in accounting rules that has been more than a decade in the making.
Hopes are high that GE insider John Flannery will further streamline the still-sprawling behemoth.
Elon Musk, profitless billionaire first it surpassed Ford, then GM, then went head to head with Honda and flew past it.
New data-crunching platform from Nasdaq mixes everything from central bank statements to celebrity Tweets to uncover actionable investment trends.
Study of wealthy Millennials finds more interest in private equity than robo-advisory, and a desire to “do good” as well as get good returns.
Ferrero chocolates' new CEO, Lapo Civiletti, is the first non-family head in the company’s history.
Lenders have paid more than $300 billion in fines since the 2008 financial crisis; the growing regulations are slowly forcing stronger balance sheets.
GM sloughs off its European brands to focus on Asia and US markets, boosting PSA Group to second-largest automaker in Europe
Chinese Web giant Baidu has obtained regulatory approval to establish, in collaboration with China Citic Bank, a direct-banking firm named Baixin Bank that will operate online rather than through brick-and-mortar outlets.
Alibaba executive chairman Jack Ma stood side by side with president-elect Donald Trump on January 9 to tout Alibaba plans that would “create one million [US] jobs.” Turns out, the plans are to support exporters, which may or may not create jobs in the US.
The new prime minister of New Zealand has his work cut out for him, despite a relatively strong economy.
"There are three principal ways to lose money: wine, women and engineers. While the first two are more pleasant, the third is by far the more certain", famously said baron Edmond James de Rothschild.