Volkswagen Group seems to be largely reorganized after that scandalous Dieselgate affair. Not only did it successfully resolve many of the image problems, it also reorganized all of its businesses and introduced an all-new generation
Written By: Steven Winter – International Director Revealed in Cologne, Germany, the new generation of Ford compact hatch, the Focus, comes…
Written By: Steven Winter – International Director The lion. It is the king of the jungle, and a car wearing its…
A law adopted by the European Union (EU) expected to revamp European financial services takes effect in January 2018. The Payment Services Directive—dubbed PSD2 for its second edition—was initially adopted in 2015
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.
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….
American Apollo Global Management LLC, the world’s second-largest fund manager, broke the record for the largest fund in the history of private equity in July: it raised the largest ever private equity fund since 2007’s financial crisis, with $24.6 billion. Apollo plans to invest in North America and Western Europe.
Banco Santander of Spain is looking for a partner to handle a major cleaning. This is to get rid of the toxic assets, nonperforming buildings and credits that it inherited from Spanish Banco Popular, acquired last June for 1 euro symbolically when the latter was on the brink of bankruptcy.
According to the recent study “Global Wealth 2107” from Boston Consulting Group (BCG), the worldwide private financial wealth reached $166 trillion by the end of 2016. On average, the global financial wealth of households grew by 5.3 percent in 2016, compared to 4.4 percent the previous year.
Blockchain technology, initially used for the bitcoin-exchange market, is now spreading into many other industries. Blockchain is a transparent and secure information storage-and-transmission technology that operates without a central control body.