Author Archive: Jeremy Parkinson
Master of the harbour
Henrik PoulsenAge: 43Education: M.Sc., Finance and Accounting, Aarhus School of Business, DenmarkCareer highlights:2008 President and CEO, TDC A/S 2007 Operating Executive, KKR Capstone2006 Executive Vice President, LEGO Group “The telecoms market has limited underlying growth and declining prices,” says Henrik Poulsen. “This is a challenge we share with most of our peers in the European […]
One company’s misery, another’s nightmare
If any proof were needed that the world economy has not yet fully emerged from recession, then the harsh austerity measures currently being imposed in many countries – and the often less than enthusiastic reaction to these measures of many of the citizens of those countries – clearly signal that the voyage to full recovery […]
Abu Dhabi targets high-tech future
Double-dip recession or not, global consumers are retaining a crush on their personal electronic goods and super-smart mobile devices. Even in tough economic times, the confluence of advances in computing, communications, mobile handsets, digital content and growing worldwide adoption of the internet is fueling new purchases and creating a mobile revolution. Not surprisingly, this consumption […]
Euro services growth slows but factories accelerate
The eurozone’s dominant service sector expanded much slower than expected in December but its manufacturing sector, which led a large part of the economic recovery, grew faster than thought, surveys show. Worryingly for policymakers, a large part of the strength was on the back of a very positive performance in Germany and a supportive France, […]
Euro nations lean on Portugal to seek help
Portugal is under pressure to seek a European bailout due to concerns Lisbon’s debt woes could drag down Spain and trigger an even greater crisis. The Financial Times Deutschland said some states wanted Portugal to seek aid in order to avoid Spain, the fifth largest EU economy, from having to follow suit. “If Portugal were […]
Investors circle Turkmenistan for energy openings
Western energy firms are poised to strike deals in Turkmenistan as the Central Asian state opens up its lucrative oil and gas reserves after years of isolation. Chevron Corp, Total and TXOil Ltd, a company chaired by a younger brother of former US president George W. Bush, are among those pursuing deals in the desert […]
G20 meets low expectations
After two days of talks, the G20 has ended up at the lowest common denominator. An agreement to develop “indicative guidelines” to help identify large current account imbalances that risk destabilising the global economy was the bare minimum expected of the leaders of the world’s 20 major economies. By giving finance ministers the task of […]
Geithner: China can’t resist upward yuan pressure
China cannot continue to resist upward market pressure on its yuan currency without facing higher inflation and rising asset prices, US Treasury Secretary Timothy Geithner said recently. Geithner, in an interview with CNBC television on the sidelines of a Group of 20 leaders summit, said he believed there had been progress on China currency issues […]
Republican win could revive US trade deals
While the fate of those deals rests primarily with President Obama, US business leaders say trade is one area of potential compromise between the White House and Republicans in 2011. “Trade has been at the back of the bus for last two years and I think there’s a real opportunity for trade to be in […]
Xstrata to spend $246m to expand Australia zinc
Miner Xstrata, the world’s biggest integrated zinc producer, will spend A$274m ($246m) to boost output at its George Fisher mine in Australia by nearly 30 percent by 2013. Xstrata said in a statement it had got approvals from the state government of Queensland to proceed with the expansion of the mine at the group’s Mt. […]
