News
The Italian Job
NEWSMAKERS: ITALY By Anita Hawser As yields on Italian debt crept above 7% in mid-November, all eyes were on Italy as the next house of cards that could come tumbling down in the eurozone. Bini Smaghi out ...
News
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News
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 ...