Capital Raising & Corporate Finance
High Cost Of Failure For Shells Arctic Oil Quest
Big oil companies waited for years to see if anyone could successfully tap into Arctic oil reserves.
Author: Luca Ventura
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Economics, Policy & Regulation
Irans Peace Dividend
“An economic windfall.” That’s how the World Bank’s chief economist for the Middle East and North Africa, Shantayanan Devarajan, characterized the boost to the Iranian economy from the lifting of sanctions in the wake of the nuclear deal struck with the permanent members of the UN Security Council.
Economics, Policy & Regulation
WTO: Landmark IT Trade Deal First In 18 Years
Tariffs on hundreds of information technology (IT) goods—201, to be precise—will be slashed starting next year as a result of a sweeping agreement in July by member nations of the World Trade Organization.
Capital Raising & Corporate Finance
Iceland Dismantles Last Of Restrictions Set From Economic Crisis
Milestones | Iceland
Nearly seven years after introducing controls on capital movements, Iceland is planning to ease restrictions it put in place when the collapse of its banking system brought the country to the brink of financial meltdown.
Capital Raising & Corporate Finance
Is Moroccan FDI Economic Snake Oil?
Morocco | In recent years, Morocco has successfully attracted a growing flow of foreign capital, becoming the top foreign direct investment recipient in the Maghreb region (Northwest Africa), and one of the largest in the African continent.
Capital Raising & Corporate Finance
OIL PRICE SLUMP PROMPTS NORWAY TO ACTION
Milestones | Norway
With prices less than half the level of a year ago, Norway has been hit hard by the slump in crude revenues.
Economics, Policy & Regulation
LANDMARK ENVIRONMENTAL PACT YET TO BE TESTED BY CONGRESS
<strong>US & China | Milestones</strong><br />
“This is a major milestone in the US-China relationship, and it shows what’s possible when we work together on an urgent global challenge.”
Banking
FOREIGN BANKS SECURE FOOTHOLD IN MYANMAR
Milestones | Myanmar<br />
After five decades of economic isolation, on October 1, Myanmar took its first big step into the global financial system, granting nine foreign lenders preliminary approval to operate in the country.
Economics, Policy & Regulation
NO QUICK FIX FOR SOUTH KOREA’S ECONOMY
SOUTH KOREA<br />
Appointed as part of Park’s cabinet reshuffle——Choi had been on the job only a few days when he unleashed a $40 billion stimulus plan to revitalize the country’s faltering economy, a package equivalent to almost 3% of GDP.
Capital Raising & Corporate Finance
MALAWI: NEW PRESIDENT BLESSING IN DISGUISE FOR FOREIGN DONORS
MALAWI<br />
A struggling economy and widespread corruption are but a few of the challenges new Malawian president Peter Mutharika will face during his five-year mandate.
Banking
ECB GETS TO WORK ON ITS NEW EUROZONE BANK SUPERVISORY ROLE
MILESTONES: EUROPE<br />
The ECB grows up as it takes on bank supervisory powers.<br />
Economics, Policy & Regulation
CANADA: NEW FINANCE MINISTER HAS BIG SHOES TO FILL
When, on March 18, longtime Canadian Finance minister Jim Flaherty unexpectedly announced his resignation, few were perhaps more surprised than his soon-to-be successor, Joe Oliver, the 73-year-old minister of Natural Resources.