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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 ...

News

Editor’s Letter: Clamorix for a fix

The story everyone thought would be old news by last November rumbled on through January as more giant US banks fessed up to having shockingly large losses as a result of the subprime mortgage crisis...

News

Newsmakers : Businesses Face Pressure To Cut Electronics Waste

United Kingdom Davy: Scrapping computers is a huge resource drain Businesses are facing increasing pressure to consider the environmental impact of their IT purchasing habits as awareness grows of the vast amount of natural ...

News

Newsmakers : Businesses Prove The Benefit Of Going Green

United States Gardner: More companies are signing up to going green. Global investors, institutions and corporates are increasingly looking to improve their sustainability profile, according to a report by the Worldwatch Institute released in January. The report, State ...

News

Newsmakers : New Bank Governor Faces Tough Sledding

Canada Carney: Taking control at a difficult time. Mark Carney took the reins as governor of the Bank of Canada from David Dodge on February 1, at a time when the central bank has ...