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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...
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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 ...
Emerging & Frontier Markets
Newsmakers : Palestinians Prepare For Statehood
Palestinian Territories After decades of war, Palestinians are trying to revive a flagging economy. While media attention is focused on the attempts to broker a peace deal between Israel and the Palestinians, work has been quietly going on ...
Emerging & Frontier Markets
Milestones : China Faces Growing Skills Shortage
CHINA Filling up: China’s consumers may face shortages soon. While the Chinese horoscope attributes such auspicious qualities as intelligence, charisma and compassion to those born in the Year of the Rat, which begins on February 7, ...