Five of Latin America’s six largest economies will be choosing new presidents over the next 15 months. With such a substantial potential for fundamental change across the region, emerging-market analysts are wringing their hands at some of the candidates garnering substantial leads in their respective races.
Recent years have turned Brazil’s political and economic spheres into a tangled mess. Economically, the country has yet to recover from the commodity price collapse in 2014.
Assuming Venezuela’s 2018 elections are free and fair, there is little hope for current President Nicolás Maduro. Under normal circumstances, Maduro would most likely walk away with the presidential election scheduled for December 2018.
In today’s economy in which multinational enterprises (MNEs) play an increasingly prominent role, transfer pricing continues to be high on the agendas of tax administrations and taxpayers alike.
Good news reports from Brazil have been few and far between in recent years. Political instability associated with high-level corruption has shaken investor confidence and ushered in the deepest recession Brazil has seen in decades.
According to Financial Times Lexicon, “CoCo bonds, or contingent convertible notes, are slightly different to regular convertible bonds in that the likelihood of the bonds converting to equity is ‘contingent’ on a specified event, such as the stock price of the company exceeding a particular level for a certain period of time….
By 2016 the number of foreign trusts in New Zealand had more than tripled from 2008, reaching 10,697, according to New Zealand’s Inland Revenue Department (IRD). Those trusts were bringing around $50 million in professional fees to the country.
Latest survey results and analyses by the Asian Development Bank (ADB) point to a gap in global trade finance of around US$1.6 trillion annually—much of it in developing markets, particularly in Asian developing countries.
The first half of 2017 was a good “vintage” for equity markets. Wall Street peaked at record levels, with the Nasdaq gaining 15.8 percent so far this year and the S&P 500 Index more than 9 percent.
The CFO controls the purse-strings across the entire company. Inevitably, their financial influence extends to areas of the business they are comfortable with – as well as aspects they don’t fully understand.