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.
Macroeconomy & Globalization
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.
It's not often that the UK finds itself in Washington's bad books—this is, after all, a country that supports the US in even its most ill-advised foreign adventures and is often described as America's closest ally.
Uganda, the East African country that will soon to join the league of oil producers, is set to build a refinery before its own production capacity comes online.
Deflation is one of the worst fears of central bankers and economists worldwide, but the risk it engenders isn’t always clearly defined.
Mergers & Acquisitions | Management
Amid the merger frenzy of 2014, a startling number of bids were killed. 2014 may have seen heady times for corporate acquirers, but it was also the year of the rebuffed suitor.
Milestones | Nigeria
A week before it was to take place, Nigeria’s presidential election was postponed for fear it would spark violence. The election was originally scheduled for February 14 but has been pushed back six weeks to March 28. The outcome of this delay is unclear.
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 | Greece
Following political party Syriza’s triumph in the recent Greek elections, Finance minister Yanis Varoufakis, faces the most critical match of his career.
Capital Markets | Fixed-Income Strategy
Investors lined up recently to pay for the privilege of lending money to Finland.
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.
Country Report | Angola
Up until 2013, Angola's GDP, buoyed by booming oil revenues, grew by an average rate of 10.7%, reaching an all-time high of 23.2% in 2007. Now, as economic growth slows and the country’s financial coffers move from surplus to deficit, Angola is rethinking its dependence on “black gold.”
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.
Market Report | China
The globalization of China’s currency continues at a rapid pace, as regulations ease cash pooling, renminbi trade finance accelerates, and the dim sum bond market goes gangbusters.