Ahead of a 4 day visit to Europe that started 22nd April, President Obama called on the British people to not vote to leave the European Union in an article published in The Telegraph. The United States would prefer for Britain to remain a full member of the European Union – President Obama notes similar […]
Argentina, Latin America’s third biggest economy, has now ended 15 years of financial isolation and has received orders of $67 billion for a sovereign bond issue totalling $15 billion. This is one of the largest ever order books seen for an emerging markets bond, exceeding the $50 billion book for Brazilian oil firm Petrobras’ debt […]
US bank Citigroup has reported a 27% fall in first quarter profits compared with last year. In comparison, J.P. Morgan Chase & Co. reported an 11% decline in its trading business during the first quarter, while Bank of America posted a 16% drop. The bank, which has subsequently set aside more money to cover losses […]
Daniel Miller, Director - Corporate Capital Markets, JLL In January 2016 the International Accounting Standards Board (IASB) issued its definitive guide to the new lease accounting standards which all companies reporting under the IASB need to comply with by 2019. Though they have been on the cards since 2006, many businesses are still underprepared for […]
Earlier this year Iran’s President Hassan Rouhani signed $56 billion worth of deals on aircrafts, rail lines, and airport terminals amongst others in a trip to Europe to commemorate the end of Western sanctions on Iran. Last year the US, European Union and United Nations signed a nuclear deal with Iran which allows the country […]
Despite producing a pre-tax profit of £162 million compared to last year’s biggest ever loss recorded on the UK high street, Tesco share prices have fallen after its boss expressed caution on the supermarket’s ability to further grow profits. Last year Tesco experienced £6.4 billion in losses following large writedowns on its stock and property […]
Following revised demands to his current job, Co-operative Group Chief Executive Richard Pennycook has asked for a 40% cut to his base salary, taking it from £1,250,000 to £750,000. Mr Pennycook was former finance director of the group, but took over as chief executive in 2014 when former boss Euan Sutherland resigned after 10 months. Mr. Sutherland’s […]
Finance Monthly is pleased to announce that the official publication of its 2016 Law Awards is now available online. The 2016 Finance Monthly Law Awards celebrate and recognise excellence from law firms and legal professionals who have consistently excelled in all aspects of their work and set new standards of client service. A lengthy process […]
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 […]
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