Global news and insight for corporate financial professionals
UNITED KINGDOM Miliband: The European Union should ontinue to expand to the east The United Kingdom’s foreign secretary, David Miliband, says that the European Union should gradually expand further into Eastern Europe, including Russia, as well as into ...
EUROPE Europe's payments landscape is set to change dramatically with market reforms. Banks and companies in other parts of the world are watching with interest as the deadline for radical transformation of the UK and Europe’s cross-border payments ...
UNITED KINGDOM/UNITED STATES Divett: Offshoring IT involves hidden costs. Offshoring information technology services is an emotive subject that incites mixed responses from most companies. Although Wall Street financial firms were among the early adopters of outsourcing, sending their ...
REGIONAL REPORT / NORDIC BANKING As Nordic banks look further outside their home markets for growth, the rewards—and also the risks—are increasing. Over the past few years, banks in the Nordic region have benefited from highly favorable economic conditions across ...
EUROPE Desmares: Corporates cool on SEPA. Businesses and public sector organizations operating in Europe have until 2010 to abandon existing national payment instruments and adopt new pan-European credit transfer and direct debits. At least that is the ...
EUROPE Trichet: Questions investors' reliance on credit ratings. The subprime mortgage crisis in the US has forced the president of the European Central Bank (ECB) to speak out about the new sources of risk being created by the ...
Europe Stockholm: One of 15 knowledge hubs. With just over two years to go, the European Commission’s Lisbon Agenda initiative to transform Europe into the most competitive and dynamic knowledge-based economy in the world by 2010 appears to ...
Global London: The "epicenter of world commerce" London is perhaps best known for major tourist attractions such as Buckingham Palace, Tower Bridge and Madame Tussaud’s, but now it has a new moniker as the epicenter of commerce globally, ...
France Louis Gallois: Delivering good news Louis Gallois, president and CEO of Airbus, was all smiles at the Paris Air Show last month. Europe’s leading commercial aircraft manufacturer had some good news to announce—deals worth more than $40 ...
SPAIN Spanish companies, which have been on a huge buying and expansion kick fueled by a strong domestic economy, face growing funding concerns as European Central Bank rate hikes look set to continue. As the economy is slowing, ...