Management | Corporate Reporting
For Petróleo Brasileiro, or Petrobras, as the giant Brazilian oil company is called, the time to present audited 2014 results, including the write-downs associated with the highly publicized historical corruption scandal, is running out.
Governance, Regulation & Compliance
Management | Corporate Reporting
Milestones | Greece
On March 3, the European Bank for Reconstruction and Development approved a request from Athens to invest directly in Greece.
As banks find their margins squeezed on traditional lending and payments activities, nonbank credit and financing—supported by technological innovation—is growing exponentially.
At first glance, Central Asia’s banking sector looks like somewhere you just wouldn’t want to go.
Deflation is one of the worst fears of central bankers and economists worldwide, but the risk it engenders isn’t always clearly defined.
Country Report | Bangladesh
Bangladeshi economic growth has been strong and relatively stable. But the country has a number of business climate challenges that must be addressed before it can reach its full potential as an investment magnet.
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.
Capital Markets | Foreign Exchange
Currency pegs around the world are threatening to come unglued following the Swiss National Bank’s surprise move to drop the exchange rate floor of the euro versus the Swiss franc.
Management | Foreign Direct Investment
FDI volumes are declining globally, as some national governments take a stronger stance against foreign ownership of their companies and land.
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.
Newsmakers | Greece
Following political party Syriza’s triumph in the recent Greek elections, Finance minister Yanis Varoufakis, faces the most critical match of his career.
The decline in eurozone prices is the most dramatic example of deflationary pressures afflicting the globe. All eyes are now on European Central Bank chief Mario Draghi and his efforts to reverse that trend.
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.
McDonalds appointment of British-born Steve Easterbrook as its new CEO has both surprised and delighted analysts—concerned by the burger behemoth’s first annual decline in 30 years.
New Basel III liquidity rules for banks may force multinational corporate clients to hold more cash in local branches.
In a presentation in New York on February 18—his first official visit to the US since his appointment—Brazil’s Finance minister Joaquim Levy said that Brazilians are learning by doing.
Management | Shareholder Activism
A battle is heating up ahead of the DuPont’s annual shareholders meeting, planned for April.
Milestones | European Union
Regulators had Web giants like Google and Apple in their sites when they framed a new value-added tax (VAT) regulation for businesses selling digital products into the European Union