Foreign Exchange

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 ...

Ever since the financial crisis, when political stalemate enveloped the planet and the fate of the global economy seemed to rest in the hands of the Ben Bernankes and Mario Draghis of the world, central bankers have found themselves in ...

If you attended to the teeth gnashing and handwringing following the Federal Reserve's announcement that it is considering a gradual slowdown of quantitative easing, then you would be hard-pressed not to believe it is the end of days for emerging ...

REVEALING INNOVATION   By Rebecca Brace   A number of new technology solutions building a presence, thanks to SWIFT’s annual start-up challenge, hold the promise of making life easier in corporate treasury and financial management.   There are plenty of ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt   Volatility has returned to the currency markets, as participants weigh the likelihood that the Federal Reserve could dial back on its purchases of bonds if the US economy improves.   A relatively ...

BRIGHT STARS   By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt   Following a year that included some of the biggest scandals in banking history—the London Whale, the Libor rate-fixing scandal, widespread money laundering, insider trading, rogue trading and ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   The euro slumped to a four-month low in the aftermath of the bailout of Cyprus, as market participants worried about the implications for other countries on the periphery of the eurozone. ...

MILESTONES: EMERGING MARKETS   By Erik Heinrich   The BRICS (Brazil, Russia, India, China and South Africa) countries have agreed to set up a development bank to better serve their economic needs and reduce their reliance on Western financial institutions.   The ...

The extraordinary monetary moves of Haruhiko Kuroda, the new governor of the Bank of Japan, have dominated economic commentaries for the past few weeks...

ENGINEERING THE NEW TURKEY   By Justin Keay   Major infrastructure investments and improved economic strength are just two of a number of positive developments to come out of Turkey in the past year.   Ankara stunned investors in February ...

CHANGE IS AFOOT   By Paul Mackintosh   Central & Eastern European countries are trying hard to differentiate themselves from their southwestern neighbors. Corporates in the region are dealing with a new playing field as many assets once owned by ...

MEETING POINT   By Dan Keeler   Panama is working hard to become the dominant corporate hub in Central America.   With its stable and open economy and its uniquely favorable location as the bridge between North and South America, ...

A DECOUPLING IN THE WORKS   By Udayan Gupta   Intraregional investment within Asia is starting to take hold—reducing reliance on demand from developed markets.   When Essar Power, a unit of Asian energy giant Essar Energy, raised approximately $900 ...

NO LONGER JUST A GAME?   By Ronald Fink   The recent spate of currency devaluation will start to have a serious impact unless global leaders focus on economic fundamentals, rather than figments.   The yen is down 25% against ...

MILESTONES: GLOBAL   By Gilly Wright   Japanese financial group ORIX’s acquisition of a 90.1% share of Dutch asset management company Robeco from Rabobank for $2.6 billion is both the largest Japanese outbound deal so far this year and a reflection of ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   The dollar has been in a long-term declining trend against the major currencies for nearly a decade, losing about 40% in value, but analysts say it is no longer weakening ...

CORPORATE FINANCING NEWS: GLOBAL EQUITY/DRS   By Gordon Platt   A rising tide lifts all ships, and the bull market in stocks is enabling a number of technology and housing-related companies, particularly in the US, to float initial public offerings.   ...

ADAPT TO SURVIVE   By Michael Shari   A unique banking system long revered as a safe haven for the world’s tax dodgers now faces gut-wrenching transformation in order to endure.   For centuries Swiss banks have thrived on absolute ...

GAZPROM DOUBLES PROFITS AS IT PREPARES FOR “EFFICIENCY” AUDIT   By Kim Iskyan   Gas giant Gazprom reported that net profit doubled in the third quarter of 2012, thanks to forex gains.   The results came just days after the ...