Member News

AlixPartners 2017 North American restructuring experts survey: a changing world

Which industries in the US and abroad are most likely to face distress in 2017? More than 200 restructuring experts gave us their opinions on this and many other important questions. The survey addresses issues such as when the oil & gas industry will stabilize, which oil & gas subsectors are most likely to face distress, the impact of Brexit on UK restructurings, and other factors that shape our outlook for the year. Read the full article here Authored by Lisa Donahue...

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Chapter News

Speech by the President of the Eurogroup, Jeroen Dijsselbloem, at The Future of Europe event, 24 January 2017

During the last four years, as president of the Eurogroup, I have spent many debates, interviews and Q&A sessions explaining what's actually going on in the Eurozone and what we are doing to fix it. During this time, I have seen the economic facts, figures and results improve. But much less so, the sentiment. A lack of trust perseveres.  The topics changed over the course of time. Cyprus stepped into the spotlight in 2013 and has since recovered, leaving its...

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Chapter News

A strong contribution for European growth and investment from the EIB Group in 2016

EIB Group signed operations worth 83.8 billion euros supporting total investments in the order of 280 billion euros in 2016. Record financing for SMEs of more than EUR 33bn. EIB Group well on track under Investment Plan for Europe. President Hoyer: No more business as usual, political and regulatory reform vital in 2017 EU Bank President Werner Hoyer has laid out the EIB Group’s contribution to creating jobs and growth in Europe by supporting projects and investment in SMEs, key infrastructure, innovation and...

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Member News

CRE Lending Picks up Momentum

Bank share prices fell sharply in the third week of 2017, as more banks reported Q4 earnings. Initial positive readings of earnings shifted to the negative, as investors were disappointed by lack of traction in the lending segment as well as setbacks in noninterest income generation. Net interest margins were flat for the largest banks in Q4, despite a steepening yield curve and the highest bond yields since mid-2015. Shares of the largest banks were down -2.9% (led by Citigroup...

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Chapter News

Maltese Presidency priorities discussed in committee

The priorities of the Maltese Presidency of the EU Council of Ministers are being outlined to parliamentary committees by Maltese ministers at a series of meetings taking place in January. Regional development: cohesion policy visibility, “Omnibus” The great relevance of EU cohesion policy, which is increasingly seen as an investment policy, and the need to simplify procedures and increase the visibility of the results of EU-funded projects were stressed by Parliamentary Secretary for the EU Presidency and EU Funds Ian Borg,...

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Member News

Trump’s Inaugural Address Fuels Investor Concerns

US stocks rallied Friday morning, but some of these gains pared off after Trump adopted a protectionist tone in his first national speech as the 45th president of the United States. While Trump’s inaugural address continued to fuel investor concerns regarding future trade policies, overall US equities ended the day on a positive note. Despite the release of relatively strong 4Q earnings results by several major banks, the Dow and S&P finished the week with some minor losses, while the...

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Member News

This RICS guidance note sets out how the role of the commercial manager is both expanding and deepening in the fast evolving field of infrastructure

It describes how the commercial manager should bring professional skill and influence through the infrastructure project lifecycle and demonstrates the importance of understanding and translating the investment case into disciplined processes; recognising the impact of scale and the uniqueness of engineering not seen elsewhere in general practice, and tailoring the approach to cost, risk and engaging the supply chain. Download the report here Compliments of RICS - a member of the EACCNY

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Chapter News

Waste: more ambitious targets towards a circular economy

Parliament’s environment committee votes on Tuesday 24 January to amend a European Commission proposal on waste management, the so-called waste package, which is a priority for the EU for this year. In previous resolutions Parliament has called for more ambitious targets. This vote is the first step towards entering negotiations with the Commission and Council. According to statistics from 2014, 44% of all municipal waste in the EU is recycled or composted. This compares to just 31% in 2004, and...

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Chapter News, New York Related News

Governor Cuomo Announces Central New York Highlights of the FY 2018 Executive Budget

FY 2018 Executive Budget Advances Governor’s Middle Class Recovery Act to Create Jobs and Infrastructure, Cut Middle Class Taxes and Make Education More Affordable Governor’s Tuition-Free College Proposal Would Benefit 7,000 Families in City of Syracuse, 38,000 Families in Central New York – 93 Percent of Families in Syracuse Qualify Executive Budget Makes Major Investments in Central New York Economy, Including Renovations at Syracuse Hancock International Airport Jumpstarts Phase II of the Transformation of the New York State Fairgrounds Increases Education Aid to...

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Member News

United States Officially Withdraws from the Trans-Pacific Partnership Agreement (“TPP”)

Making good on a campaign pledge, President Trump today signed an Executive Order withdrawing the U.S. from the TPP process, the marquee trade initiative of the prior administration. The TPP would have lowered trade barriers amongst its twelve members (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam), accounting for approximately 40% of the world’s economy.  Five years of negotiations culminated in an agreement in October of 2015; however it needed the ratification by...

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