Global news and insight for corporate financial professionals
AT HAVEN’S END? Multinational corporations could have a much more difficult time shifting profits to low-tax jurisdictions—and deductions to high-tax ones—under new OECD rules. When Apple CEO Tim Cook testified in defense of the computer giant’s tax practices on Capitol ...
ANNUAL SURVEY — THE PIONEERS By Adam Rombel In the first of a two-part series, Global Finance identifies the top online corporate and consumer banks by country and regionally by product or service category. Global Finance is ...
REGIONAL REPORT: CENTRAL AND EASTERN EUROPE — A MIXED BAG By Justin Keay Central and Eastern European countries are quite diverse in their performance of late. However, investors continue to lump them together when it comes to investments. ...
RETURN TO GLORY?
Côte d’Ivoire has the opportunity to regain its status as a leading African economy. Blessed with a wealth of natural resources, a pleasant climate, a strategical location and a level of infrastructure unrivaled in West Africa, Côte d’Ivoire was long recognized as one of the continent postcolonial stars.
REGIONAL SUPERSECTION — STEPPING UP THE COMPETITION By Gordon Platt Does the Gulf Cooperation Council need yet another international financial center? Oil-rich Abu Dhabi thinks it does. The United Arab Emirates is about to open its second ...
REGIONAL SUPERSECTION — SHALE OIL BOOM RATTLES GCC ECONOMIES By Gordon Platt As US shale oil and gas production continues to grow, it could have an impact on GCC economies over both the short and long term. ...
REGIONAL SUPERSECTION The six nations of the Gulf Cooperation Council (GCC)—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE—have a common need to adjust to a changing global oil market as a result of the surge in US oil ...
REGIONAL SUPERSECTION — SEEKING A NEW MODEL By Anita Hawser As the infrastructure boom continues, it may be time for GCC countries to reevaluate how they select and fund new projects. “Abu Dhabi cannot rely solely on ...
STAYING ON THE ATTACK By Paula Green Companies must beef up their cybersecurity coverage as the risk of disruption continues to skyrocket. Multinationals’ dependence on insurance to cover the risk of cyberattacks is expanding in line with ...
EMERGING MARKETS ROUNDUP By Antonio Guerrero Odebrecht Offshore Drilling Finance, a division of one of Brazil’s largest privately-held industrial and engineering conglomerates, reopened the international capital markets for Brazilian issuers in July by selling $1.7 billion in bonds. Demand for ...
EMERGING MARKETS ROUNDUP By Thomas Clouse China’s economy decelerated in the second quarter, with GDP growth dropping to 7.5% year-on-year, compared with 7.7% in the first quarter. The government responded with some stimulus measures, including a tax reduction ...
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) ...
CFO INTERVIEW — A GLOBAL VIEW By Denise Bedell Nick Fanandakis, EVP and CFO of global agriculture, industrial bioscience and advanced materials company DuPont, sat down with Global Finance to discuss the firm’s growth strategy, resource allocation and ...
The more things change, the more they stay the same. A cliché, to be sure, but one that rings true right now for corporate treasury & cash management. Companies continue to hold on to cash, as is abundantly clear in ...
WHAT’S UP WITH CORPORATE CASH? By Ronald Fink Among various explanations for corporations’ letting cash build up on their balance sheets, the most compelling one is that economic growth is still slow. But some companies are not waiting ...
STICKING TO THE STRAIGHT AND NARROW By Karen Kroll Companies continue to bank on safety and security in managing liquidity and investments. At the end of this year’s first quarter, cash and short-term investment balances among the ...
IN THE DRIVER’S SEAT By Hilary Johnson Companies taking a best-practice approach to AP and AR management are seeing big cost savings and much-improved cycle times. But revamping processes is no mean feat. Like other former back-office ...
Global Finance ’s annual list of Who’s Who in Treasury & Cash Management Abu Dhabi Commercial Bank Murali Subramanian Executive president and head of transaction banking ADCB’s transaction banking division, which has won numerous industry accolades for cash ...
Mongolia, which has been growing at double-digit rates since the short recession that followed the global financial crisis, is struggling to find the right path in making use of abundant resources to improve the lives of its citizens, while providing a stable and fair business environment for investors.
MILESTONES By Luca Ventura “Implementation has been unsatisfactory in almost all areas; growth and debt sustainability assumptions continue to be over-optimistic.” It is with these incendiary comments about Greece that Paulo Nogueira Batista, the representative of Brazil and ...
MILESTONES By Thomas Clouse Cambodia’s prime minster Hun Sen and his Cambodian Peoples’ Party will remain in power, following a closely contested and controversial election on July 28. According to preliminary results, the CPP won 68 of 123 ...
MILESTONES By Valentina Pasquali With an estimated €500 million ($660 million) of the European Union budget lost to fraud every year, the European Commission is now pushing for the creation of a new European Public Prosecutor’s Office (EPPO) ...
MILESTONES By Gordon Platt At a time when economic activity in Russia has lost its momentum, the World Bank is elevating the country to high-income status. According to the World Bank’s latest annual classification of the world’s ...
MILESTONES By Erik Heinrich India has passed Japan as the world’s third-largest economy, according to a recent report from the Organisation for Economic Co-operation and Development (OECD). The same report lowered the OECD’s estimate for India’s growth ...
MILESTONES By Gordon Platt Rewriting economic history going back to 1929, the Commerce department’s Bureau of Economic Analysis (BEA) increased the size of the US economy by $560 billion. That is the equivalent of the output of the ...
CORPORATE FINANCING NEWS By Gordon Platt The global market for initial public offerings continued at a quick pace in early August, led by the US and the Asia-Pacific region, according to Renaissance Capital. Sprouts Farmers Market, which operates ...
CORPORATE FINANCING NEWS By Gordon Platt The Federal Reserve is expected to begin cutting back on its purchases of bonds as early as this month, analysts say, but global bond markets recovered in July, when Fed officials backed away from ...
CORPORATE FINANCING NEWS By Gordon Platt The Federal Reserve is expected to gradually cut back on its bond purchases, becoming the first of the major central banks to do so. The divergence in US monetary policy from those ...
CORPORATE FINANCING NEWS By Gordon Platt Technology, media and telecoms—the TMT sector—is enjoying a surge in deal activity this year, even as the value of worldwide mergers and acquisitions is slumping, particularly in Europe. The first half of this year ...
NEWSMAKERS By Grace Yuan A year ago, Eike Batista was one of the richest men in the world. Edging in at number seven on Forbes’ World Billionaires list and renowned for his flamboyant lifestyle, Batista was at the ...
NEWSMAKERS Valentina Pasquali Unable to repay debts of close to $20 billion, the city of Detroit, Michigan, recently filed for municipal bankruptcy, the largest ever in the United States’ history. As the world watches to understand the impact this may ...
NEWSMAKERS By David Lipkin The succession of Stanley Fischer, governor of Israel’s central bank, has turned into a melodrama. Two of the appointed candidates for the job withdrew in a matter of days. The last candidate of prime ...
NEWSMAKERS By Thomas Clouse Stability may have finally returned to Japanese politics, now that the coalition led by Japanese prime minister Shinzo Abe and his Liberal Democratic Party (LDP) has won a majority of seats in the upper ...
NEWSMAKERS By Gilly Wright The surprise appointment of Sir Jon Cunliffe as deputy governor of the Bank of England shows how seriously the UK takes challenges to its financial sector. From November, Cunliffe will be responsible for ...
From GFMag.com Economic Database UAE Tops The List Of Simplest Corporate Tax Regimes In addition to rates (see cover story ), another factor of importance to companies in managing international taxes is the amount of time and effort spent on ...
