The Department of Justice has filed a civil antitrust lawsuit seeking to block Halliburton Company’s proposed acquisition of Baker Hughes Inc., alleging that the transaction threatens to eliminate competition, raise prices and reduce innovation in the oilfield services industry. The department filed its lawsuit in the U.S. District Court for the District of Delaware, where […]
A country known for its oil exports, Angola has asked the International Monetary Fund (IMF) for financial assistance to improve economic and financial stability. Following the end of a 27 year civil war in 2002, Angola’s economy has experienced rapid growth, peaking at 12% per year in 2013. However international crude oil prices are now […]
Petrobras, Brazil’s state-run oil producer, has said it will cut 12,000 jobs by 2020 to get out from under its $130 billion debt. Following various price-fixing and bribery scandals, the layoffs will aim to save $9 billion at the company. The company – long one of Brazil’s biggest employers with more than 80,000 workers throughout the […]
Peter Alderson is Managing Director at LDF. Prior to this appointment his experience included; 30 years in the finance & banking sector, working for the Dresdner Kleinwort, Commonwealth Bank of Australia, and Investec. LDF is one of the largest providers of business finance to the SME community (planning to provide £400 million to this market […]
Mike Williams is Director of Finance, Europe, at Intuit QuickBooks. He leads Intuit’s European financial operations and is responsible for pursuing the cloud accounting market and growing the business. He played a key role in relocating the UK’s headquarters from Maidenhead to central London in 2014 and also helped steer the development of new operations […]
Following Tata Steel’s announcement that it has put its UK plants up for sale, UK Business Secretary Sajid Javid has travelled to India, where the firm is based, to try to arrange a responsible sales process. The sales announcement follows Tata Steel’s strategic review of its UK operations. The company acquired its UK operations in […]
The Reserve Bank of India (RBI) has for the first time this year cut its core interest – the repo interest - from 6.75% to 6.5%. The reduction has been widely anticipated due to Asia’s third-largest economy’s continuous battle with weak inflation. The adjustment is a sign for potential further rate cuts to come in the […]
By Ana Boata, European economist at Euler Hermes From an economic standpoint, June’s in/out referendum will have a significant bearing on the future of the UK. The potential fall in exports, higher import bills and financial costs and rush in divestment that we can expect from a Brexit paint a concerning picture for British firms […]
Karen Penney is Vice President and General Manager of American Express. Following International Women’s Day on March 8th, she tells Finance Monthly about why we need more mentoring and sponsorship schemes for women in finance. In recent years, more women than ever have stepped into leadership roles. The finance sector is no exception to this, […]
Brexit: The Cost of Losing a European Workforce By Lee Biggins, founder and managing director of CV-Library Already the subject of many debates and this year’s hot topic, the Brexit has been monopolising headlines across the country. While much of the debate has centred around the UK’s immigration policies and how a Brexit could change […]
After 15 years of conflicts with holdout creditors and being locked out of global credit markets, Argentina’s President Mauricio Macri has won approval for a repayment deal with creditors in New York. The turning point in the long-running battle is expected to enable the cash-strapped country to emerge from 2001’s $100 billion (£71 billion) default […]
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