Capital Markets | Foreign Exchange
The surging dollar, falling euro and plunging emerging-markets currencies had a record $32 billion negative impact on the earnings of companies in North America and Europe in the first quarter, according to Scottsdale, Arizona‒based FiREapps, which helps corporations measure and manage foreign exchange exposure.
Capital Markets | Foreign Exchange
In a conversation with Global Finance, Mark Kerns, head of investor services at Standard Bank, describes how booming interest in Africa, led by South Africa and Nigeria, is reshaping the continent’s capital markets.
Capital Markets | Debt/Equity
India’s banks—both private and state-run—have been given a powerful tool to deal with bad loans.
Global Finance presents the winners of its annual World’s Best Subcustodian awards.
SIBOS Supersection 2015 | Trade Finance Innovation
The impact of the trade finance shortfall is particularly significant for small and medium-size enterprises.
Newsmakers | Ukraine
Tensions between Russia and Ukraine have run high since late 2013, when Russia resisted Ukrainian efforts to move out of the Russian sphere of influence and toward the West.
As analytics aimed at helping companies make use of all their data proliferate, companies worldwide are embracing these new technologies and finding ever-more-innovative ways to use them. Those that fail to do so risk being left on the sidelines.
Newsmakers | Turkey
It has been said that ultimately all political careers end in failure, but until June 7, few observers were expecting this maxim to be true, quite yet, of Turkey’s president, Recep Tayyip Erdoğan.
Country Report | Nigeria
Nigeria is Africa’s largest economy, but the recent slump in oil prices has halved government revenues. The new Buhari government must now ensure the country’s economic roller coaster ride does not grind to a complete halt.
SIBOS Supersection 2015 | Fintech–Blockchain Technology
Freed from bitcoin, could the blockchain, or blockchain lite, become the underlying infrastructure behind better banking?
Milestones | Zimbabwe
The demonetization of the Zimbabwean dollar began in June and holders of the near worthless currency have until September 30 to exchange it for US dollars.
GCC Regional Report 2015 | Trade
GCC With oil prices not expected to top $100 a barrel anytime soon, breaking down trade barriers is the one sure way to boost the GCC’s economic prospects.
Global Finance interviewed Derek Pattison, Scotiabank’s VP of wealth management, Bahamas, on the importance of responding to clients’ needs for any product, anywhere.
Milestones | New Zealand
In June, the Reserve Bank of New Zealand lowered its key cash interest rate a quarter of a percentage point to 3.25%, the first time the central bank has cut rates cut since 2011, citing a combination of deflationary pressure, plunging commodity prices and a slowdown in key export markets like China.
Small businesses today no longer need to convince a bank to get a loan. They can very well convince an algorithm that will assess their credibility based on a diverse parameters rather than a conventional credit check.
SIBOS Supersection 2015 | Innovation In Trade Finance
Alternative finance—in all its myriad forms—could prove the answer to the global trade finance gap.
Newsmakers | Mexico
In June, Jaime Rodríguez Calderón became the first independent candidate to be elected a state governor in Mexico, winning office in Nuevo León.
SIBOS Supersection 2015 | Bank Relationship Management
Along with understanding the value they provide their banking partners, most companies want to know what they’re spending in banking fees each year, and how this compares to the contracted rates. Bank-fee analysis software can automate the process.
Scotland still brings in more foreign direct investment than many larger countries. Last year it again headed the list of top UK destinations outside London.
Trends | Economy & Disease
In May, South Korea reported its first case of MERS (Middle East Respiratory Syndrome). The death toll had climbed to 24 as we went to press, making it the largest outbreak outside of Saudi Arabia, where the strain was first reported in 2012.