The worst may be past for Russia’s economy, but it will be tough to attract global investors, even if Putin caps his foreign policy triumphs by persuading the West to ease sanctions.
The banking industry’s leading lights have largely adjusted their business plans to a world of tighter regulations, higher capital requirements and less leverage. Now, they are taking on new competitors by embracing the very information technology that has disrupted their business.
Cuba: News that Anglo-Dutch consumer products company Unilever will return to Cuba to build a $35 million plant in the special development zone at the port of Mariel, about 40 kilometers west of Havana, is one of the clearest signs yet that the communist nation is taking a more pragmatic approach to foreign direct investment.
Peter Hayes, global head of invest-ment research for Prudential Real Estate Investors, joined Global Finance editors in New York to talk about which property markets look hot in 2016—and which look too hot.
He has become the face of Puerto Rico’s woes, warning in media interview after interview of its inability to pay its bills and serving as the island’s bearer of bad financial news.
Arabia is meeting with some success in its efforts to entice foreign investors to six new economic cities in the kingdom.
Capital Markets | M&A Pharmaceuticals
In what could become Israel’s biggest cross-border M&A deal ever, Teva Pharmaceutical Industries made an unsolicited $40 billion offer to acquire Mylan, a Pennsylvania-based drugmaker registered in the Netherlands with operational headquarters in the UK.