Global news and insight for corporate financial professionals
Raghuram Rajan's departure as head of the Reserve Bank of India to return to teaching at the University of Chicago, made some Indians fear upheaval, but with his deputy taking the helm, stability is expected.
Policy changes and consistent growth have positioned India to draw fresh investment.
POLAND | New political party’s moves to roll back market initiatives may damage Poland’s relatively strong economy.
Global Salon | Global Finance sat down with Ommeed Sathe, vice president and head of impact investing at Newark, New Jersey-based insurer Prudential Financial, to discuss how corporate social responsibility and profitable investing can go hand in hand.
Country Report | India
Indian growth and development hold great promise. And policymakers look set to unlock that potential.
Country Report | Bangladesh
Bangladeshi economic growth has been strong and relatively stable. But the country has a number of business climate challenges that must be addressed before it can reach its full potential as an investment magnet.
Poland | Country Report
Although still outperforming most of its neighbors, Poland needs to reinvent itself if it wishes to sustain long-term growth.
Global Salon
Global Finance sat down with John Jullens, partner of consulting firm Strategy&, to discuss the sustainability of growth in Asian economies.
In what is considered a first step for even bigger foreign direct investment to Sri Lanka, TPG Capital announced in August it would invest $113 million to buy a majority stake in Union Bank, a small distressed financial institution based in Colombo.
Norway’s $870 billion sovereign wealth fund has always been at the forefront of ethical investing, and its actions have influenced the decision making of other asset managers, big and small. But starting next year the fund will reveal its voting intentions before shareholder meetings, not only to be more transparent but also to influence the debate and the subsequent voting.
COVER STORY | INDIA
As prime minister Narendra Modi begins his term in office, global market watchers are hopeful that it could signal a sea change for India’s governance, economy and friendliness to business. But most are tempering that enthusiasm with a dose of skepticism.
Indeed, there are those who think that the IP wars will continue to have no clear resolution or winners. The only real beneficiaries: lawyers. But commentators such as Bruce Berman argue that unless and until we can quickly sort out the real issues in the IP imbroglio, almost everyone –even the patent trolls – will lose out.
Leila Heckman, head of international equities at Lebenthal Asset Management, joined us for our monthly Salon to discuss the increased acceptance of global diversification among portfolio managers and the reasons behind her approach to investing.
EMERGING MARKETS 2.0 By Udayan Gupta At Global Finance ’s Salon in New York in January, Georges Ugeux, CEO of New York–based investment bank Galileo Global Advisors, discussed the economic landscape faced by India and China in 2014 ...
The Reserve Bank of India wants foreign banks operating in India to convert into wholly-owned subsidiaries and enjoy “near-national” treatment.
John Chen, 58, is taking over as the interim CEO of BlackBerry, the Canadian mobile-phone company that only four years ago was one of the fastest-growing technology companies in North America and is now fighting for survival. But what he can achieve there is anybody’s guess.
NO QUICK FIXES By Udayan Gupta Poland withstood the recent global economic recession relatively well, thanks to its sound economic policies, healthy economic fundamentals and broad-based support for large and small enterprises. A little more than two ...
STRADDLING TWO WORLDS By Udayan Gupta Robert Annibale, global director of Citi Microfinance & Community Development, sat down with Global Finance to discuss the increasing importance of microfinance in banking’s global expansion. Microfinancing and microfinance institutions (MFIs) ...
Norway's center-right Conservative Party—projected to be the winner in the country's September 9 parliamentary elections— says it wants to break up the country's $700 billion plus Government Pension Fund , the largest sovereign wealth fund in the world. If the ...
In a recent interview at the Asia Society, Anita Raghavan, author of the recently published The Billionaire's Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund (Grand Central Publishing, 2013) admitted that the book ...
TRADING IN THE GREEN By Udayan Gupta At Global Finance ’s monthly Salon, Izzet Bensusan, executive director of renewable-energy investment boutique Karbone, discussed the market dynamics, financing and investment oppor-tunities for alternative energy. PHOTO: KATE FREY Given a politically ...
MILESTONES: BANGLADESH By Udayan Gupta Even as Bangladesh tries to extricate itself from the Rana Plaza building collapse, the Dhaka disaster that killed more than 1,100 garment workers, one private equity fund is trying to infuse new capital into ...
UNINTENDED CONSEQUENCES By Udayan Gupta The world’s central banks are on a desperate mission to stave off deflation. But even if their short-term fixes work, the long-term outcomes may have unplanned results. Central banks are in an ...
NEWSMAKERS: US By Udayan Gupta For Michael Dell, the University of Texas dropout who created one of the most successful PC businesses in the world, the past few months have brought high drama. Michael Dell: Caught in ...
A DECOUPLING IN THE WORKS By Udayan Gupta Intraregional investment within Asia is starting to take hold—reducing reliance on demand from developed markets. When Essar Power, a unit of Asian energy giant Essar Energy, raised approximately $900 ...
NEWSMAKERS: US By Udayan Gupta Technology companies lead a charmed life. Flawed business strategy, poor execution, inexperienced management...some technology companies seem to shrug them off and continue. The master of spin: Groupon's founder, Andrew Mason But the February ...
INDIA’S DEMAND ECONOMY By Udayan Gupta At this month’s Global Salon in New York, Hiren Ved, chief investment officer of Mumbai-based investment fund Alchemy Capital Management, discussed the Indian markets and economy in a global context and within ...
MILESTONE：RUSSIA By Udayan Gupta The Russians are taking a page out of the Dutch East India Company’s playbook of 1602. In mid-February Russia recapitalized the Moscow Stock Exchange by selling $1 billion of shares in an IPO of the ...
THE MAZE OF GLOBAL M&A By Udayan Gupta Cross-border M&A is once again on the rise. But completing a successful deal is increasingly complex and fraught with political, and other, risks. At first glace, it seemed like ...
NEWSMAKERS: EUROPE/INDONESIA By Udayan Gupta Nathaniel Rothschild’s Indonesian mining deal in 2010 was seen as a portent of how such cross-border deals could be done. Rothschild (L) and Bakrie CEO Bobby Umar in happier days Thirty ...
IDENTITY CRISIS By Udayan Gupta As stock exchanges worldwide try to figure out their role going forward in corporate equity and equity capital raising, companies are starting to question whether there is still value in a public listing. ...
ECONOMIC CHEMOTHERAPY By Udayan Gupta Global Finance sat down with economist Robert Brusca, head of consultancy FAO Economics, to discuss the global outlook, the future of Greece and the problem with current-account surpluses and deficits. Brusca has been ...
REWARDING RISK By Udayan Gupta Edward Mathias is a member of the board of directors and a managing director and partner of the Carlyle Group, the global alternative asset management firm. He was instrumental in founding the group and ...
Companies are trying to determine how best to monetize the untapped value in this hot, new asset class.
MILESTONES: BANGLADESH By Udayan Gupta Bangladesh is one of the more intriguing frontier market economies for foreign investors. In 2011 its GDP rose an estimated 6.3%. But a volatile political environment and an economy that is not immune to ...