Global news and insight for corporate financial professionals
ANNUAL SURVEY AIRLINES Singapore Airlines CEO: Chew Choon Seng It is a measure of Singapore Airlines’ strength that it took the SARS epidemic to cause it to post its firstever quarterly loss in the quarter that ended in June. The ...
ANNUAL SURVEY AIRLINES Ryanair CEO: Michael O’Leahy Despite a setback in the French courts recently over aid from local governments, Ryanair is by far Europe’s most successful airline. CEO Michael O’Leahy’s abrasive management style wins him few friends, but Ryanair ...
ANNUAL SURVEY AIRLINES LanChile Executive Vice President and CEO: Enrique Cueto Plaza LanChile’s operational efficiency, passenger loyalty and steady revenue growth in both its cargo and its passenger business segments ...
ANNUAL SURVEY AIRLINES JetBlue Airways CEO and Director: David Neeleman JetBlue has added some ‘frills’ to the ‘no-frills’ airline sector, offering leather seats, free live TV at each seat and a fleet of 47 new Airbus A320s—in addition to low ...
The sixth annual exclusive Global Finance survey of the World’s Best Companies profiles global leaders in 28 industries or sectors and identifies the top regional players. AIRLINES Emirates President: Dermot Mannion As a private company little is known about the ...
Treasurers are rapidly realizing the benefits of storing surplus cash in money market funds. “To do it well you need a combination of people with skills in credit analysis and fund management as well as support functions.” —Mark Hannam, Barclays ...
Sector Report : Oil and Gas The global oil and gas industry is changing rapidly, prompted by anxiety over supplies and a wave of mergers that has left just five titans dominating the market. As the threat to oil supplies ...
After the summer’s rash of widespread electricity outages, companies are looking to manage their energy risk. Derivatives may provide an answer. August’s massive power outage in the United States and the others that followed in the United Kingdom, Italy and ...
Before Iraq’s economy can even begin to recover from the war, its banking system The ruins in Baghdad of the Central Bank of Iraq, its marble-clad walls collapsed, are symbolic of the condition of the entire Iraqi banking sector. A ...
ANNUAL SURVEY AIRLINES Ryanair CEO: Michael O’Leahy Despite a setback in the French courts recently over aid from local governments, Ryanair is by far Europe’s most successful airline. CEO Michael O’Leahy’s abrasive management style wins him few friends, but Ryanair ...
The sixth annual exclusive Global Finance survey of the World’s Best Companies profiles global leaders in 28 industries or sectors and identifies the top regional players. AIRLINES Emirates President: Dermot Mannion As a private company little is known about the ...
UNITED STATES “Foreign exchange market participants are relieved to have somebody who understands their market in the second most powerful position at the Fed.” Timothy F. Geithner, the 42-year-old head of policy development at the International Monetary Fund, has had ...
Sector Report : Oil and Gas The global oil and gas industry is changing rapidly, prompted by anxiety over supplies and a wave of mergers that has left just five titans dominating the market. As the threat to oil supplies ...
It comes as welcome news that US lawmakers are renewing their efforts to crack down on corporate tax evasion..
UNITED STATES Frustrated by an Internal Revenue Service that cannot seem to catch corporate tax evaders and that fails to punish them when it does track them down, the US Senate Finance Committee held hearings in late October that highlighted ...
QATAR The Middle Eastern nation of Qatar sold the biggest-ever Islamic bond in October, a $700 million, seven-year global offering that also set a record for the longest maturity for such an issue. The deal was increased in size from ...
RUSSIA Russia has long been a destination for more adventurous investors, but at the beginning of last month it finally got the nod from a ratings agency. For the first time in the country’s history Russia gained a coveted investment-grade ...
UNITED KINGDOM “It is worth asking whether the statistical fog enveloping the UK economy foreshadows stormy economic weather.” Mervyn King, Bank of England In a 1963 movie, “The VIPs,” starring Elizabeth Taylor and Richard Burton, an elite group of British ...
FOREIGN EXCHANGE THE AMERICAS Analysts Fear Dollar Decline Could Spin Out of Control The Bush administration is seeking an orderly decline in the dollar ahead of the US presidential election in 2004 in the belief that a weaker dollar will ...
MERGERS & ACQUISITIONS THE AMERICAS Canada’s Manulife Acquires John Hancock Financial The theory that bigger is better in financial services is spurring a wave of mergers in the industry.The latest example is Torontobased Manulife Financial’s all-stock takeover of Boston’s John ...
GLOBAL DEPOSITARY RECEIPTS EUROPE Deutsche Bank Study Shows ADRs Boost Stock Prices German blue-chip companies with American depositary receipt programs enjoy higher stock prices than similar companies without ADR programs, according to a study by Deutsche Bank’s Global Equity Services. ...
UNITED STATES US treasury secretary John Snow stumbled into a storm in late October after suggesting to a British newspaper that US interest rates were headed higher. The treasury chief said Washington would welcome higher rates because they would underline ...
MEXICO Despite a strong recovery in Latin American stocks this year, the region’s stock valuations remain cheap by international standards. With foreign investors staying on the sidelines, opportunistic local market players are increasingly taking advantage of buy opportunities at home. ...
UNITED STATES Retired New York City police detective Jon Kanovsky says he “felt helpless and hopeless” after his friend New York fireman Sergio Villanueva was killed at the World Trade Center on September 11, 2001. Kanovsky spent three weeks at ...
UNITED STATES “Foreign exchange market participants are relieved to have somebody who understands their market in the second most powerful position at the Fed.” Timothy F. Geithner, the 42-year-old head of policy development at the International Monetary Fund, has had ...