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.
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.
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.
According the World Bank Group’s Ease of Doing Business Index for 2017, a record-breaking 137 nations out of 190 have implemented key reforms to deregulate their economies.
Samsung’s soon-to-be vice chairman and heir apparent, Lee Jae-yong, rises to face the challenge of leading the multinational tech giant at a difficult time.
With great wealth comes a burden of keeping it. Last year, the net worth of 1,400 billionaires worldwide that are being tracked in a study declined for the first time in a decade—to $5.1 trillion. And while 210 people rose ...
In potentially the biggest foreign corporate takeover ever by a German company, Bayer seeks to buy Monsanto for 62 billion. Werner Bauman gets into agribusiness.
The year 2016 is set to break a record for withdrawn global M&A deals, with regulators scotching several high-profile mergers.
LOCATION TRENDS | Technology allows all sorts of work to be done anywhere. Many companies are taking advantage of this power to "nearshore" European operations from pricey major capitals to lower-cost locales.
Indonesia | Can the much-admired former Finance Minister of Indonesia, Sri Mulyani Indrawati, bring back the magic in her second tour in the post?
Europe | Foreign direct investment (FDI) into Europe hit a record high in 2015 with 5,083 new cross-border projects, an increase of 14% from 2014, creating approximately 218,000 new jobs
When Alibaba announced in May that it was hiring former Goldman Sachs managing director Douglas Feagin to run the international unit of its finance arm, Ant Financial, many observers had a sense of déjà vu.
Singapore has overtaken Hong Kong as Asia’s top financial center and now ranks third globally behind London and New York. This is the key takeaway from the latest Global Financial Centres Index (GFCI), a ranking by British commercial think-tank Z/Yen Group.
Bank of Tokyo-Mitsubishi UFJ is learning to speak Arabic.
He’s a kickboxer and a football fanatic, an accomplished pianist and possibly the next president of France—and only 38.
Capital Markets | Banking Reform
More than one hundred million people, 2.5 billion transactions every month—and just 1% of payments made electronically.
Trends | Peru
There is no stopping Peru’s economy.
Trends | Movies
China’s richest man goes to Hollywood and buys it.
Management | Shareholder Activism
Activist investors are knocking more loudly at banks’ doors. According to Thomson Reuters data, in 2015, activists launched 97 campaigns aimed at the US financial sector, 22 of them targeting banks.
Capital Markets | Foreign Exchange
Locals as well as visitors to Zimbabwe will soon be able to walk into shops and pay for purchases in renminbi.
A new era kicked off on December 31, 2015, for the 10 countries that are part of the Association of Southeast Asian Nations: The alliance launched the Asean Economic Community (AEC), a trade bloc aimed at creating a unified, cross-border market where labor, services and capital can flow without restrictions.
There’s been big change in the small country of Burkina Faso. On November 29, the West African nation of 17 million held its first free elections in almost three decades.
History was made in Myanmar, the country formerly called Burma, on November 8, when the National League for Democracy (NLD), headed by Noble Peace laureate Aung San Suu Kyi, won a near-total sweep in the first democratic election in 25 years.
Big oil companies waited for years to see if anyone could successfully tap into Arctic oil reserves.
“An economic windfall.” That’s how the World Bank’s chief economist for the Middle East and North Africa, Shantayanan Devarajan, characterized the boost to the Iranian economy from the lifting of sanctions in the wake of the nuclear deal struck with the permanent members of the UN Security Council.
Tariffs on hundreds of information technology (IT) goods—201, to be precise—will be slashed starting next year as a result of a sweeping agreement in July by member nations of the World Trade Organization.
Milestones | Iceland
Nearly seven years after introducing controls on capital movements, Iceland is planning to ease restrictions it put in place when the collapse of its banking system brought the country to the brink of financial meltdown.
Morocco | In recent years, Morocco has successfully attracted a growing flow of foreign capital, becoming the top foreign direct investment recipient in the Maghreb region (Northwest Africa), and one of the largest in the African continent.
Milestones | Norway
With prices less than half the level of a year ago, Norway has been hit hard by the slump in crude revenues.
US & China | Milestones
“This is a major milestone in the US-China relationship, and it shows what’s possible when we work together on an urgent global challenge.”
Milestones | Myanmar
After five decades of economic isolation, on October 1, Myanmar took its first big step into the global financial system, granting nine foreign lenders preliminary approval to operate in the country.
Appointed as part of Park’s cabinet reshuffle——Choi had been on the job only a few days when he unleashed a $40 billion stimulus plan to revitalize the country’s faltering economy, a package equivalent to almost 3% of GDP.
A struggling economy and widespread corruption are but a few of the challenges new Malawian president Peter Mutharika will face during his five-year mandate.
The ECB grows up as it takes on bank supervisory powers.
When, on March 18, longtime Canadian Finance minister Jim Flaherty unexpectedly announced his resignation, few were perhaps more surprised than his soon-to-be successor, Joe Oliver, the 73-year-old minister of Natural Resources.
MILESTONES By Luca Ventura The oldest multinational in the world is about to get a substantial makeover. The news came on February 24th, when its CEO, Jorge Mario Bergoglio, also known as pope Francis, issued a Motu Proprio, ...
MILESTONES By Luca Ventura When in early January the US secretary of state John Kerry traveled to the Middle East, newspaper headlines mostly focused on his attempt to push yet another peace deal between Israel and Palestine. His efforts, however, ...