Macroeconomy & Globalization
The drastic drop in oil prices will clearly have an impact on both individual companies and on overall growth in some countries. But is the shift net positive or negative, cyclical or systemic? The ultimate outcome is yet to be seen.
Regulation | Management
In October the OECD’s Base Erosion and Profit Shifting (BEPS) project released a report outlining its progress on a series of steps it was taking to combat tactics—often legal but ethically questionable—used by many multinational companies to reduce or eliminate tax liabilities across their operations.
Kuwait | Country Report
Kuwait is at a crossroads. Despite huge financial reserves, the Persian Gulf state must speed up project implementation to revive a stagnant economy far too dependent on oil revenues.
Brazil | Newsmakers
Joaquim Levy, Brazil’s newly appointed minister of Finance, will need to muster all his skills to navigate the rough waters of Brazilian domestic politics and restore the public budget surplus that made the country a darling of Wall Street investors.
Lithuania | Milestones
On January 1, Lithuania abandoned the litas, becoming the 19th member of the eurozone and joining Baltic peers Estonia and Latvia in the economic and monetary union.
A big question mark is pending on how long the US shale production will remain profitable with declining oil prices.
Sovereign Debt | Capital Markets
Governments in Africa issued a record amount of debt in international markets in 2014, taking advantage of strong investor demand and low borrowing costs ahead of the Federal Reserve’s expected rate increases this year.
India | Newsmakers
Arun Jaitley, a corporate lawyer by training, has emerged as the rising star of the ruling Bharatiya Janata Party and chief troubleshooter in the new government, headed by prime minister Narendra Modi.
When we chose oil as the subject of this month’s cover story, we had no idea how fast and dramatic the drop in oil prices would be...
Poland | Country Report
Although still outperforming most of its neighbors, Poland needs to reinvent itself if it wishes to sustain long-term growth.
Nigeria | Milestones
Nigerians go to the polls next month with some trepidation...
Romania | Newsmakers
Iohannis defeated prime minister and Social Democrat leader Victor Ponta, taking 54.5% of the vote against 45.5%. So who is Iohannis?
Japan | Newsmakers
Just weeks after Haruhiko Kuroda, governor of the Bank of Japan, surprised the world with a bold plan to inflate Japanese assets and weaken the Japanese yen by buying 80 trillion yen ($680 billion) in Japanese bonds, exchange-traded funds and real estate investment trusts, prime minister Shinzō Abe upstaged him by calling a snap election for mid-December, two years ahead of schedule.
Vatican | Newsmakers
René Brülhart, known as the “James Bond of the financial world” for his high-profile role in cases such as the return of assets from Saddam Hussein to post-war Iraq and the uncovering of the Siemens bribery scandal, has become chairman of the Vatican’s anti-money-laundering unit.
Seeking A New Paradigm | Emerging Markets Growth
To ascertain whether emerging markets is an obsolete term, we must first understand what it means.