Global news and insight for corporate financial professionals
Country Report | Egypt
Egypt may be on the verge of a major turnaround, as the most populous country in the Arab world looks set for sustained growth, lower unemployment and a manufacturing renaissance under president Abdel Fattah al-Sisi.
Country Report | Spain
The era of absolute majorities in Spanish politics is over.
India | Indian prime minister Narendra Modi celebrated his one-year anniversary in office in May, but the jury is still out on whether he’ll justify the hope that has been invested his new government.
Country Report | Spain
Spain’s economic resurgence has exceeded even the most optimistic expectations. But how sustainable is it, given structural inefficiencies, stubbornly high unemployment and the threat of external shocks?
Newsmakers | Nicaragua
When Nicaraguan president Daniel Ortega announced last December a plan to construct a controversial transoceanic waterway that would provide an alternative to the Panama Canal, he vowed the project would create jobs and bring prosperity to the hemisphere’s second-poorest nation.
Regional Report | The Caucasus
Azerbaijan, Georgia and Armenia, the nations that make up the region of the Caucasus, are all working hard to improve their business and economic climates, but with varying degrees of success.
Milestones | United Kingdom
As Britons prepare for elections on May 7, the only certainty appears to be uncertainty, which looks set to continue until polling day—and maybe for some time after.
Cover Story | Compliance
As the US has extended its regulatory reach beyond its own borders, other jurisdictions have followed its lead. Global corporations face an ever-growing burden in maintaining compliance with increasingly complex regulatory and reporting regimes. This is affecting their budgets, their structuring and also their strategy.
Global Finance had a chance to interview Sim Tshabalala in April. The joint chief executive of Standard Bank Group answered questions about Africa’s growth and the substantial demand for banking services on the continent.
Global Finance sat down with Luiz Carlos Angelotti, MD and head of investor relations at Brazil’s Banco Bradesco, to discuss the bank’s bullish approach to investing despite the country’s economic downturn.
Newsmakers | Nigeria
Nigeria’s presidential election proved the bookmakers both right and wrong.
Newsmakers | Israel
Israeli prime minister Benjamin Netanyahu’s success among center-right political parties, which saw him recently elected for a fourth term, may have provided a stable political platform, but international pressure and recent social unrest could see the country change economic direction.
Regional Report | Africa
Africa’s story is no longer that of a continent with great potential. Increasingly, the leaders and peoples of the continent, in collaboration with outsiders, are translating that potential into concrete achievements.
By deciding to devote our cover story to compliance this month we focus on a key element in the DNA of this magazine: Managing compliance is increasingly a global issue for corporates and financial institutions.
Regional Report | Central & Eastern Europe
Although geopolitical risks are still keeping executives awake at night, there has been a remarkable turnaround in some countries of the region, thanks in large part to structural reforms—implemented early and strongly.
Country Report | Turkey
The country’s economy has stalled, just in time for a crucial parliamentary election.
Milestones | France
The French government temporarily increased its stake in French carmaker Renault to nearly 20% ahead of the company’s annual general meeting in April.
Milestones | Singapore
During the state funeral cortege of Lee Kuan Yew, Singapore’s founding prime minister, Singaporeans were urged to salute rather than take photos using their smartphones, a vivid reminder of the government’s preoccupation with political correctness.
Milestones | Iran
It may have taken 12 years to reach, but the framework agreement struck between the so-called P5+1 (Russia, China, France, Britain, and the US, plus Germany), the European Union and Iran has enough momentum, say analysts, to yield a full accord by June 30.
Country Report | Morocco
With a diversified economic base and improving fundamentals, Morocco has a sound fiscal strategy and well-thought-out reform program to cut red tape and boost trade. But further reform, says the IMF, is needed.