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Share Trading Suspended in the Spanish Lender Bankia, Pushing Spain Ever Closer to Needing a Bailout
The Spanish market regulator CNMV said it was “due to circumstances that may affect the normal share trading”. There are reports that Bankia will ask the government for a bailout of more than 15bn euros ($19bn; £12bn) after a board
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Increased Interest in Poland as a Destination for FDI
Warsaw, Capital of Poland Despite the global economic crisis 2011 proved a strong year for foreign investments in Poland – projects concluded with participation of Polish Information and Foreign Investment Agency in 2011 grew to 173% of 2010 value There
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Brazil Has Reason to be Proud of First-Tier Banks
Reported by Marcos dos Santos. After a period of tension between the banking sector and the Brazilian government, the Executive Vice President of FEBRABAN (Brazilian Federation of Banks), Wilson Roberto Levorato, said recently, during a seminar of financial inclusion in
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Colombia Comes Together to Overcome Its Past
Bogotá Skyline at Night Maybe the Greeks could learn a thing or two from the Colombians. The change in Colombia over the past ten years is remarkable. Financially Colombia was the “Greece” in Latin America. Its debt was classified as “junk
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The OECD Believes That the Eurozone Crisis is the Largest Single Threat to the Global Economy
The 17 nations that use the euro will see their economies shrink 0.1% this year, before showing weak growth of 0.9% next year, the OECD predicts. This compares with 2.4% growth in the US economy this year, with 2.6% predicted
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G8: Could the Solution to Growth be Simpler Taxes?
There has been much talk of the need for growth at the G8 meeting. Could it be that the solution is really quite simple? A recent 400-page report from economists and company directors called for a move from what it
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Brazilian Brands Abroad
Brazilian brands are expanding internationally. Brazil is rapidly becoming a global powerhouse and “Brand Brazil” has moved on from waxing and micro bikinis; Brazilian brands are starting to go international. Brazil is now seen as chic and consumers globally want
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KCB CEO Has Been Buying Into the Success He Is Driving
The chief executive of KCB Group has bought KCB shares in a demonstration of his confidence in the company he leads. KCB’s annual report shows chief executive Martin Oduor-Otieno bought shares last year. Mr Oduor-Otieno has been the CEO of
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Mexico’s Competitive Banking System
At the opening of the 75th Banking Convention in Mexico, President Calderon said the country’s financial sector is well fortified against external shocks. ACAPULCO, May 18. – Facing a backdrop of the international financial uncertainty and other countries in economic
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The Franco-German Relationship Looks Set to Continue but Where Does This Leave the Greeks?
Newly-inaugurated French President Francois Hollande and German Chancellor Angela Merkel said on Tuesday they want Greece to remain in the euro in a show of unity at their first meeting since Hollande was elected. “I want to reiterate, and we
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