Global news and insight for corporate financial professionals
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 ...
August 23, 2013 - On the heels of his $250 million purchase of the Washington Pos t, Amazon founder Jeff Bezos may have a lot to deal with in bringing the media outlet up to snuff in terms of newsstand ...
While the Greek economy remains too weak to meet the goals laid down in the current bailout package, a highly critical report by the IMF ( leaked to the Wall Street Journal ) concludes that the fund and its troika ...
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 ...
The Dodd-Frank Wall Street Reform and Consumer Protection Act celebrated its third birthday in July, and US regulators and their European counterparts were as busy as ever - setting higher capital requirements for banks and tackling the complex matter of ...
As night follows day, bankers warn that the macroeconomic sky will fall as a result of new rules that would require them to hold more capital. The bank industry's standard argument , articulated most vociferously—if not convincingly—by JPMorgan Chase chairman ...
MILESTONES: FINLAND By Paula L. Green Even though the financial fortunes of mobile-phone manufacturer Nokia continue to weaken, Finland is not letting go of its reputation for technological innovation. The Nordic country seems intent on sustaining the type ...
MILESTONES: US By Valentina Pasquali In June, US regulators took yet another step in the slow but steady implementation of the Wall Street Reform and Consumer Protection Act of 2010, also known as Dodd-Frank. AIG to face ...
The quantitative easing launched in recent years by the central banks of the United States, the eurozone and Japan is entering a new phase...
NEWSMAKERS: LATVIA By Gilly Wright Praised by both the EU and the IMF for passing painful austerity measures, Latvian prime minister Valdis Dombrovskis will soon be rewarded by seeing his country become the 18th member of the eurozone. ...