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M&A is back as CEOs start to put cash to work

M&A is back as CEOs start to put cash to work

Dealmaking is back on the agenda as CEOs step up the hunt for ways to put a multitrillion-dollar cash pile to work, triggering the busiest January for M&A in 11 years. There is still plenty to worry about at this year’s meeting of the global elite in Davos, from fiscal deficits in the developed world […]
UK inflation leaps to eight month high, pressure on BoE

UK inflation leaps to eight month high, pressure on BoE

A record monthly jump in prices drove British inflation to an eight-month high in December, piling pressure on the Bank of England to raise interest rates and show it is not letting inflation get out of control. The Office for National Statistics said the annual rate of consumer price inflation rose to 3.7 percent from […]
Henderson bags Gartmore, makes $122bn funds firm

Henderson bags Gartmore, makes $122bn funds firm

Anglo-Australian funds house Henderson is buying troubled British rival Gartmore, to create one of Britain’s largest retail asset managers with £78bn ($122bn) under management. “By bringing across fund managers and integrating the (Gartmore) business onto our own platform we will be able to enhance margins significantly,” Henderson chief executive Andrew Formica said. “Its recent travails […]
Renault spy case shows rising economic conflict

Renault spy case shows rising economic conflict

From what France calls “economic warfare” as it probes a Chinese link to industrial espionage at Renault to currency confrontation and commodity rivalry, economic conflict is increasingly impacting businesses. President Nicolas Sarkozy’s office has asked French intelligence to probe suspected industrial espionage at the car giant. Renault suspended three executives at the start of January […]
Mobilising impact finance

Mobilising impact finance

World population is estimated at 6.8 billion people, of which close to two billion live in poverty, 925 million are undernourished, 2.6 billion lack basic sanitation, about one billion can’t read a book or sign their name and 443 million school days are lost each year due to water-related illnesses. Yes, the percentage of population […]
Good things come to those who wait

Good things come to those who wait

After the United States, China is the second largest economy in the world. It has long been recognised as the fastest-growing globally, having recorded annual average growth rates in excess of 10 percent over the last quarter-century. In Q2 2010, China’s economy was valued at $1.33trn, and it is estimated that by the end of […]
A civil engineer for all seasons

A civil engineer for all seasons

Prasert BunsumpunAge: 58Education:Harvard Business SchoolMBA, Utah State UniversityCareer highlights:2003 President and CEO, PTT Group2001-2003 Senior Executive Vice President, Gas Business Group, PTT Public Company When Prasert Bunsumpun, then 51, was appointed President of Thailand’s national energy company, PTT Plc in 2003 it was yet to join the ranks of the Fortune 500 elite. By 2004, […]
FX platforms target white labelling

FX platforms target white labelling

Since its inception, Squared Financial Services (Squared) has continually invested in its product offering, technology and people, as it strives to become the platform of choice among all participants in the EFX market space. Today, the results of this investment are plain to see, as Squared Financial is poised to reap the rewards of its […]
All hands on deck

All hands on deck

A provider of world class international shipping and transportation services, Qatar Navigation was named Best GCC Cargo Shipping Company 2010 as part of the World Finance GCC Trade & Industry Awards Programme for this year. When the firm was founded in 1957, the Qatari economy was in urgent need of an organisation that would cater […]
Walmex bullish in operations merger

Walmex bullish in operations merger

One thing that hasn’t changed though is Walmex’s rapid growth and impressive financials as it continues to spice up the retail market in Central America. The challenge for Scot now, is to keep this Latin American retailing success story on track. In a country famous for its chilli peppers, it is only fitting that giant […]