IB competition grows in MENA
Jan 04, 2011Jeremy Parkinson0
Among MENA investment banks, Jadwa Investment stands out for achieving strong growth despite challenging market conditions. Launched in 2007, Jadwa has been profitable for each of the last three years, and has grown assets under management by 13 times, from less than $150m in June 2007 to more than $1.9bn in October 2010, at a […]
“The Concurso Mercantil Law is not effective”
Jan 04, 2011Jeremy Parkinson0
Insolvency in Mexico has been seen like a maze, the seven-heads demon or the economy evil. Insolvency is an effect of financial distress situations, which, in turn, are the effect of economic mistakes or diseases, abuse or greed, whether from the government or private sector or both. At the end, insolvency, most of the time, […]
Power for a more sustainable future
Jan 04, 2011Jeremy Parkinson0
Established in December 1978 as a state enterprise, Petroleum Authority of Thailand or PTT was formed to conduct petroleum and related businesses. Over two decades later, PTT Public Company Limited (“PTT Plc”) was registered as a company under the Corporatisation Act on October 1 2001 with a capital of 20bn baht ($673m). Currently, PTT Public […]
Italy unburdens cross border tax
Jan 04, 2011Jeremy Parkinson0
In layman’s terms, transfer pricing is all about the price at which goods or services are sold between different companies within an international group of companies. It is important for the authorities to monitor a company’s setting of transfer prices as in some instances businesses can use the system to avoid taxation by manipulating transfer […]
Innovations for traders’ sake
Jan 04, 2011Jeremy Parkinson0
Why all the fuss and bother about innovations in the forex industry? What innovations really matter now and can change the whole course of the market development? After decades of dramatic growth and maturing, foreign exchange trading has reached a new era. The start of the new millennium witnessed rapid technological development and with it […]
Master of the harbour
Jan 04, 2011Jeremy Parkinson0
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
Jan 04, 2011Jeremy Parkinson0
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
Jan 04, 2011Jeremy Parkinson0
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
Dec 16, 2010Jeremy Parkinson0
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
Nov 26, 2010Jeremy Parkinson0
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 […]