Finance

Bermuda: Right on the money

United States Department of State Report again puts Bermuda in the lowest risk category for money laundering

Wealth preservation

Europe’s wealthiest families respond to downturn with flight to cash says Mark Nixon

Malta: The Strategic Advantage

Jonathan Corrieri of Aequitas Strategy Consulting explains Malta’s unique refundable tax credit system

CEE banks fight contamination

Despite the emergency support, funded in part by the World Bank, Central and Easter European banks are suffering from a case of contamination. We investigate what’s in store through 2009/2010

CEOs courting Asian Sovereign Wealth Funds

Sovereign Wealth Funds, the much maligned investment arms of nation states, are seeing a change of fortune. Long unpopular in the West, the wealth contained in Asian SWFs is now being targeted as a way to boost investment in flagging economies

Headhunters seek bankers in Germany despite crisis

With job cuts taking place across the globe, Germany is planning for the same, but remain resilient in the face of the economic downturn

Picking up the pieces

European left gropes in financial crisis says Paul Taylor

New Europe catches Old Europe’s cold

As governments across Western Europe began bailing out banks and their depositors, Eastern Europeans watched nervously, unsure about what the global financial storm would mean for them. Now that the storm has hit, the fragile bonds of European solidarity are being tested

Origin rejects BG’s revised $13bn bid

Australia’s Origin Energy has rejected an improved $13 billion bid from UK gas producer BG Group, saying its coal seam gas reserves alone are worth over $15 billion after doubling its resource estimate

Blair urges investment in Palestinian territories

Middle East envoy Tony Blair has urged investors to plough money into the Palestinian economy, which he said offered opportunities despite Israeli occupation and restrictions on movement

Cheap renewable energy still far off

The world faces a doubling of energy demand by 2050 but renewable sources are still too expensive and will take decades to make a big impact, Royal Dutch Shell CEO Jeroen van der Veer said on Thursday

US throws weight behind EU’s nabucco pipeline

The United States threw its full diplomatic weight behind the European Union’s troubled Nabucco pipeline project to bring gas from the Caspian Basin to central Europe

EU warns latvia over economic hard landing

The European Commission has warned Latvia that its fast-growing economy might face a hard landing and urged the country to tighten fiscal policies and keep wages under control

Hunting for big acquisitions

German specialty chemicals group Altana AG, which has denied plotting a EUR 4bn purchase of a US rival, is combing the market for a big buy, its chief executive said

Mattel CEO sees positive 2008 cost concerns

Mattel Inc’s chief executive has said that he does not expect a repeat of last year’s recalls of millions of Chinese-made toys and is “optimistic about 2008” despite an economic slowdown

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