Global news and insight for corporate financial professionals
Doing Business: Who Improved The Most In 2012/13 “In 2012/13, 29 economies implemented three or more reforms improving their business regulatory systems as measured by Doing Business. Ten stand out as having narrowed the distance to frontier the most. Together, ...
When Apple announced back in October that it had hired Burberry CEO Angela Ahrendts to lead its retail operations, the initial shock among analysts and investors wore off quickly. Though it was a surprise move, it made perfect sense.
As African countries increasingly appear on investors’ radars, the world’s newest country, South Sudan, is forging ahead with its drive to attract foreign investment.
The Reserve Bank of India wants foreign banks operating in India to convert into wholly-owned subsidiaries and enjoy “near-national” treatment.
Global Finance sat down with John Alan James, executive director, Pace University Center for Global Governance, Reporting & Regulation. James’s distinguished career in management consulting, governance and academia spans 25 years in Europe and more than 20 years in Asia.
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 ...