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Economics, Policy & Regulation

Newsmakers : Darling’s Approach Winning Out On Global Regulation

UNITED KINGDOM Darling: Favors a collegiate cross-border regulation system. Britain’s chancellor of the exchequer Alistair Darling has been criticized for his handling of the Northern Rock bailout, and he is the subject of an Internet campaign ...

Capital Raising & Corporate Finance

Newsmakers : Soros Seeks To Tame Counterparty Risk

UNITED STATES George Soros: The "scariest" part of the current turmoil is CDSs. George Soros, founder and chairman of Soros Fund Management, warned the World Economic Forum in Davos in January that the world is facing its ...

News

Milestones : European Commission “alarmed” Over Lack Of Transparency

Europe McCreevy: Securitization makes risk get lost, not disappear Six months into the credit crunch, and with banks in other parts of the world such as India still announcing losses from the sub-prime crisis, the European Commission has ...

News

Milestones : Shekel To Become Fully Convertible

Israel All change: Israel’s currency is set to take its place in the world markets. The Bank of Israel has joined the New York-based CLS (Continuous Linked Settlement) Bank (a multi-currency bank supervised by the US Federal Reserve ...

News

Newsmakers : Ackermann Proposes Global Overseer

Germany Ackermann: Global watchdog could prevent market bubbles Deutsche Bank CEO Josef Ackermann suggests that creating a global financial sector watchdog could prevent an encore of the global market storm unleashed by the US subprime crisis. ...

News

Newsmakers : Airline Aims To Make Friends In High Places

Germany Hunt: Legacy airlines lock in customers with "bribery" In a move that is clearly aimed at drumming up corporate business, upstart UK-based business-class-only airline Silverjet has rolled out an innovative loyalty program that takes the benefits ...

News

Editor’s Letter : A new world view

As Global Finance was going to press, Venezuelas president Hugo Chvez was squaring up for a showdown with the United States...

News

Milestones : Profits Of Doom: Exxon Mobil Causes Uproar

UNITED STATES Gas complaint: Exxon Mobil says growing consumption is pumping up its profits. A long-simmering debate boiled over last month after Exxon Mobil reported the highest earnings ever by an American corporation, topping its own record set ...

Banking

Newsmakers : Taking Shariah-Compliant Financing Into The Mainstream

UNITED KINGDOM While many Western banks may be struggling with liquidity and funding issues, Middle Eastern banks, awash with liquidity, are increasingly making their presence felt in Western financial markets. One such bank is Qatar Islamic Bank (QIB), whose ...

Emerging & Frontier Markets

Newsmakers : Taxing Times For A New President

GUATEMALA Colom: Facing challenges on the fiscal front. Just weeks after being sworn in on January 14 as the new Guatemalan president, Álvaro Colom—the Central American country’s first left-of-center leader since Jacobo Árbenz, who was overthrown in a ...

News

Newsmakers : US CEOs May Face Euro-Style Packages

UNITED STATES / EUROPE With corporate fat cats’ earnings increasingly in the spotlight, particularly in these credit-challenged times, it appears that CEO remuneration packages vary markedly depending on which side of the pond they are on. According to ...

News

Newsmakers : US Wakes Up To Economic Benefits Of Clean Energy

UNITED STATES Clean energy technologies are key to the US's future economic prosperity. US president George W. Bush may not have signed the Kyoto Protocol for reducing carbon dioxide emissions, but with consumers feeling the pinch of high ...