Islamic Finance | Bank Negara’s decision to halt issuing shariah-compliant bonds has left a big hole in the Islamic debt market. Filling the void will take time.
Corporate Social Responsibility
Newsmakers | United Nations
When the United Nations Global Compact was launched 15 years ago at the New York Stock Exchange, Lise Kingo was entrenched on the corporate responsibility frontline in Europe.
Winterkorn is forced to resign after it was revealed the company was guilty of manipulating diesel emission tests.
Annual Awards honoring the Best Islamic Financial Institutions in the world.
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.
Special Report | Private Banking
Offshore banking, the booking and management of assets outside an individual’s country of domicile, has taken a beating since the financial crisis.
Q&A with Moataz Natafji, general manager, BLOM Development Bank, the Islamic subsidiary of BLOM Bank, Beirut, Lebanon
Q&A with Mike Maguid Abdelaaty, president, American Finance House Lariba, Whittier, California
Special Report | Pensions & Benefits Management
Combating economic trends, regulators and even demographics, funds are forced to think outside the box.
Best Islamic Financial Institutions | Introduction
Islamic finance is breaking out, as long-awaited regulatory reform takes hold in key nations, boosting transparency and driving new business.
Morocco | In recent years, Morocco has successfully attracted a growing flow of foreign capital, becoming the top foreign direct investment recipient in the Maghreb region (Northwest Africa), and one of the largest in the African continent.
SEC & Executive Compensation | Five years after the 2010 Dodd-Frank financial reform act, several of its controversial corporate governance provisions on executive compensation continue to wend their way through the system.
Capital Markets | Debt
Issuance of green bonds, which raise funds to support environmentally beneficial activities, more than tripled last year, to $36 billion, according to the World Bank.
Newsmakers | Nicaragua
When Nicaraguan president Daniel Ortega announced last December a plan to construct a controversial transoceanic waterway that would provide an alternative to the Panama Canal, he vowed the project would create jobs and bring prosperity to the hemisphere’s second-poorest nation.
Management | Metrics
Corporations and analysts turn to scores of metrics—return on assets, working capital and others—to determine a company’s financial health. Another, the ratio of debt to internal funds, is one of the most widely used benchmarks. But a new study suggests that the debt-to-funds ratio isn’t all that accurate in predicting or explaining default risk.
Trends | Credit Ratings
More than six years after the housing market crashed—dragging the world economy and stock markets down with it—Standard & Poor’s settled in early February with the Securities and Exchange Commission for its alleged part in triggering the meltdown. The price was relatively cheap, as these things go: $1.4 billion with no admission of wrongdoing.
Milestones | India
The Reserve Bank of India’s recent bid to offer licenses for setting up small finance and payment banks has elicited an overwhelming response, with at least 113 companies entering the fray.
Newsmakers | Brazil
Aldemir Bendine became one of Brazil’s poster boys for success while at the helm of Banco do Brasil, but his new role as chief executive of the country’s oil giant, Petrobras, is causing him headaches.
Global Finance sat down recently with Andrew Spindler, president and CEO of the Financial Services Volunteer Corps, which has spread the gospel of sound financial systems to the developing world for the better part of a quarter of a century.