Global news and insight for corporate financial professionals
Twelve months is a long time in financial markets, and the phenomenon of globalization appears to have reached a fork in the road, with growth in emerging markets looking challenged. Is the globalization frenzy coming to an end?
MILESTONES By Tom Clouse Japan will increase its sales tax next year for the first time in more than 15 years as the government seeks to raise revenue and reduce public debt. The rate will rise from 5% to 8% ...
NEWSMAKERS By Gilly Wright After just over a couple of months as Siemens’ new CEO, Joe Kaeser has announced he will eliminate 15,000 jobs, representing 4% percent of the German engineering firm’s global workforce, with a third of the cuts ...
MILESTONES By Paula Green The frequently mind-boggling comparison between the pay of a US firm’s chief executive and the company’s rank-and-file employees is finally set to come before the Securities and Exchange Commission this fall. Tucked away in ...
CORPORATE FINANCING NEWS By Gordon Platt A new US law that makes it easier for smaller companies to raise equity capital is boosting initial public offerings, analysts say. The Jumpstart Our Business Startups, or JOBS Act, was largely ...
A new—and possibly powerful—financial industry regulator has gotten the green light from officials in China. Although the agency has yet to get a name, members will include a number of high-profile officials, including the heads of the country's banking, securities, ...
NEWSMAKERS By Gilly Wright The surprise appointment of Sir Jon Cunliffe as deputy governor of the Bank of England shows how seriously the UK takes challenges to its financial sector. From November, Cunliffe will be responsible for ...
From GFMag.com Economic Database UAE Tops The List Of Simplest Corporate Tax Regimes In addition to rates (see cover story ), another factor of importance to companies in managing international taxes is the amount of time and effort spent on ...
EMERGING MARKETS ROUNDUP By Thomas Clouse China’s economy decelerated in the second quarter, with GDP growth dropping to 7.5% year-on-year, compared with 7.7% in the first quarter. The government responded with some stimulus measures, including a tax reduction ...
Norway's center-right Conservative Party—projected to be the winner in the country's September 9 parliamentary elections— says it wants to break up the country's $700 billion plus Government Pension Fund , the largest sovereign wealth fund in the world. If the ...
MILESTONES By Thomas Clouse Cambodia’s prime minster Hun Sen and his Cambodian Peoples’ Party will remain in power, following a closely contested and controversial election on July 28. According to preliminary results, the CPP won 68 of 123 ...
MILESTONES By Valentina Pasquali With an estimated €500 million ($660 million) of the European Union budget lost to fraud every year, the European Commission is now pushing for the creation of a new European Public Prosecutor’s Office (EPPO) ...
NEWSMAKERS By David Lipkin The succession of Stanley Fischer, governor of Israel’s central bank, has turned into a melodrama. Two of the appointed candidates for the job withdrew in a matter of days. The last candidate of prime ...
STAYING ON THE ATTACK By Paula Green Companies must beef up their cybersecurity coverage as the risk of disruption continues to skyrocket. Multinationals’ dependence on insurance to cover the risk of cyberattacks is expanding in line with ...
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 ...
CFO INTERVIEW — A GLOBAL VIEW By Denise Bedell Nick Fanandakis, EVP and CFO of global agriculture, industrial bioscience and advanced materials company DuPont, sat down with Global Finance to discuss the firm’s growth strategy, resource allocation and ...
For the first time since 2007, advanced economies are contributing more to global growth than developing ones...
Mongolia, which has been growing at double-digit rates since the short recession that followed the global financial crisis, is struggling to find the right path in making use of abundant resources to improve the lives of its citizens, while providing a stable and fair business environment for investors.
By Karen Kroll Many of the 19 Francophone countries of Sub-Saharan Africa–that is, those whose citizens speak French and who were otherwise influenced by France, most likely as colonies–currently occupy the bottom of The World Bank’s Doing Business ranking . ...
In a recent interview at the Asia Society, Anita Raghavan, author of the recently published The Billionaire's Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund (Grand Central Publishing, 2013) admitted that the book ...