Bjarne Tellmann is senior vice president and general counsel at GSK Consumer Healthcare, a joint venture that combines the consumer brands of GSK and Pfizer. He speaks to Global Finance about the intersectionality of his work.
Household saving is defined as the difference between a household’s disposable income and its expenditures on goods and services. During the pandemic it rose to historical highs everywhere.
On October 27, Global Finance conducted a Sub-custody Roundtable, moderated by publisher and editorial director Joseph Giarraputo. The Roundtable agenda covered crucial topics in the sub-custody sector including: the global and regional impact on the COVID-19 pandemic on sub-custodians; the effect ...
Following the third-quarter profits statement, the bank said that it would postpone plans to acquire assets in Turkey and Poland. Sberbank over the summer finalized the purchase of Eastern European lender VBI and is in the process of integrating the acquisition of Russian brokerage and asset manager Troika Dialog.
Prime minister Vladimir Putin’s United Russia party posted a surprisingly poor performance in parliamentary elections in early December, garnering just over 49% of the popular vote, compared with 64% in elections four years ago. The Communist party, which received 19% of the vote, and the nationalist Liberal Democrats were the key beneficiaries of the flight from United Russia.
The results represent the biggest electoral rebuke for Putin since he rose to power in 1999—reflecting growing public disenchantment with his regime. Under Putin there is an increased chance of nationalistic economic policies that could run counter to the interests of foreign investors. The 2012 federal budget calls for continued growth in social welfare and defense spending. Even with high oil price assumptions, the plan projects a modest deficit—which could widen substantially given weak commodities prices.