Capital Raising & Corporate Finance
Ryanairs OLeary vs. EasyJets McCall: No contest
Ryanair: Attitude Adjustment When EasyJet in November reported a pre-tax profit of 478 million (US$785 million) for fiscal 2013a 51%...
Author: Gilly Wright
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Capital Raising & Corporate Finance
Caterpillar CEO Riding Out Slump
As third-quarter profits plunged 44%, US heavy equipment-manufacturer Caterpillar slashed its 2013 profit forecast for the third quarter in a row. Caterpillar is being hit with lower demand in nearly all its major business sectors, but about three-quarters of the drop in sales were the result of lower sales of mining equipment.
Capital Raising & Corporate Finance
24-Hour Delivery People: Alibaba Sets Audacious Logistics Goal in China
Alibaba’s HQ in Hangzhou: Stealing a march on Wal-Mart (photo: Thomas Lombard) At his first public engagement as Alibaba Groups...
Economics, Policy & Regulation
Germany: Siemens CEO Wields Ax
NEWSMAKERS By Gilly Wright After just over a couple of months as Siemens new CEO, Joe Kaeser has announced he...
News
Gibraltar: A Rock In A Hard Place
MILESTONES By Gilly Wright The ongoing spat between Spain and Britain over Gibraltar (a British-dependent territory that borders with Spain at the southern tip of the Iberian Peninsula) has drawn attention to the continued lack of commitment to ...
Emerging & Frontier Markets
Mexico: Pea Nieto’s Energy Reform
NEWSMAKERS By Gilly Wright The proposal by Mexican president Enrique Peña Nieto to reform Petróleos Mexicanos (Pemex), the state-owned oil and gas monopoly, could have far-reaching consequences for the country’s troubled economy. The proposal, which requires a constitutional ...
Banking
UK: BoE Appointee Has EU Influence
NEWSMAKERS By Gilly Wright The surprise appointment of Sir Jon Cunliffe as deputy governor of the Bank of England shows how seriously the UK takes challenges to its financial sector. From November, Cunliffe will be responsible for ...
Features
IMF Admits Greek Mistakes While Europe Sticks Its Head In The Sand
While the Greek economy remains too weak to meet the goals laid down in the current bailout package, a highly...
Capital Raising & Corporate Finance
Emerging Markets Dented, Not Doomed, By Fed Easing
If you attended to the teeth gnashing and handwringing following the Federal Reserve’s announcement that it is considering a gradual...
Banking
Newsmakers: Program Of Reform Brings Pain And Gain
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. ...
News
Newsmakers: Can Letta Save Italy From Austerity?
NEWSMAKERS: ITALY By Gilly Wright “Italy is dying from austerity alone. Growth policies cannot wait,” announced Italy’s new premier, Enrico Letta, in his first keynote speech. Can Letta pass reforms with weak coalition partners? Saying that priorities would ...
Emerging & Frontier Markets
Milestones: Is Slovenia Next In Line For A Bailout?
MILESTONES: SLOVENIA By Gilly Wright While the new Slovenian government dismisses Cyprus comparisons, it could soon be facing the same fate, as €1 billion ($1.3 billion) of government debt comes up for renewal in June. Photo Credits: SLOVENIA: ...