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Woodford Out Of The Picture At Olympus

NEWSMAKERS: JAPAN By Luca Ventura When Michael Woodford was promoted to president and then CEO of camera and medical equipment maker Olympus Corporation earlier this year, analysts and investors had high hopes for the future of the 92-year-old ...

Emerging & Frontier Markets

Albania Aims To Be Green Energy Superpower

NEWSMAKERS: ALBANIA By Dan Keeler As most of Europe’s leaders tighten the screws on their battered economies, tiny Albania, one of the continent’s poorest nations, is pushing ahead with an ambitious plan intended to substantially boost foreign direct ...

Banking

Carney A Strong Candidate To Head The Financial Stability Board

NEWSMAKERS: CANADA By Joel Kranc In late September, the international financial community was abuzz with the news that Jamie Dimon, CEO of JPMorgan Chase, had publicly chided the head of a central bank over his views; views that ...

Emerging & Frontier Markets

EM Infrastructure Needs Triple By 2030

MILESTONES: EMERGING MARKETS By Gordon Platt Demand for infrastructure in emerging markets will reach $1 trillion annually through 2030, triple the level of the previous two decades, with Asia accounting for the lion’s share, according to a study ...

Banking

Fischer Still Seeking New Employment

NEWSMAKERS: ISRAEL By David Lipkin Former French finance minister Christine Lagarde may have secured the top job at the Washington-based International Monetary Fund (IMF), but some fund insiders are still gunning for Stanley Fischer, governor of the Central ...

Banking

Kudrin’s Shoes Will Be Hard To Fill

NEWSMAKERS: RUSSIA By Kim Iskyan Investors have long viewed Russian finance minister Alexei Kudrin as the country’s second-most-important policymaker—and the primary reason for the dramatic turnaround in Russia’s macroeconomic position over the past decade. Alexei Kudrin refuses ...

News

Madeira Debts Add To Portuguese Concerns

MILESTONES: PORTUGAL By Matt Greco With the government of Portugal announcing one austerity measure after another to meet IMF-imposed budgetary guidelines and as the rating agencies hack away at the credit-worthiness of the country’s financial institutions, new revelations ...

News

Strong Investor Interest In Irish Bonds

MILESTONES: IRELAND By Matt Greco In Ireland each day’s financial developments seem to bring either a positive surprise or a mild disappointment. Irish four- and eight-year bond sales in September generated the greatest one-day increase in price ...

News

Trichet Exits From ECB

NEWSMAKERS: EUROPE By Anita Hawser At the press conference that followed the European Central Bank’s Governing Council meeting on October 6 in Berlin, few would have guessed that it was Jean-Claude Trichet’s last meeting as ECB president. ...

Banking

Volcker Rule Takes Shape As Nettlesome For Banks

NEWSMAKERS: US/GLOBAL By Gordon Platt US regulators moved closer last month to adopting the controversial Volcker Rule, which could force big banks to hold on to some trades for two months and to limit their investments in hedge ...

Banking

Global Finance Salon

POLITICAL STALEMATE CRIPPLES BOTH US AND EUROPE By Vanessa Drucker In the first of a new ongoing series, Global Finance sits down with Jason Trennert, managing partner and chief investment strategist at Strategas Research Partners. Trennert, Strategas ...

Economics, Policy & Regulation

Who Will Save The Global Economy?

COVER STORY: STAYING AFLOAT By Laurence Neville With emerging markets economies just holding their own in the face of the crises in the developed world, they are unlikely to be able to pull the world out of the ...