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Europe | U.K. | Business

Supermodel turned investor: what Natalia Vodianova did next

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The statistics on the struggles of female entrepreneurs are a depressing read: 90 percent of funding goes to all-male founder teams in the UK, and, in the US, all-male teams are four times more likely to get investment than if they have even one woman in the team. But the story is different if you cross paths with Natalia Vodianova, the supermodel. The 37-year-old is putting to good use the money earned in a two decades-long fashion career from huge contracts with brands such as Calvin Klein and Guerlain. Now she spends her days managing a portfolio of “impact investments”: busine
Asia | China | Business

Alipay is investing $145 million to grow women’s soccer in China

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China's national women's soccer team just got a big boost from online payments app Alipay. The Alibaba-affiliated company is taking the lead on a 1 billion yuan ($145 million) commitment to support Chinese women's soccer over the next decade. The foundations of Alibaba (BABA)co-founder Jack Ma and executive vice chairman Joe Tsai are also taking part in the pledge. It is the biggest investment in women's soccer in China ever, according to Alipay. Alipay wants to bring "technology, funds and resources to better support the development of women's soccer in China," a spokesman for
North America | United States | Advice

Personal finance expert Jean Chatzky warns women: ‘We are sabotaging our financial security’

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On the eve of International Women’s Day, personal finance journalist Jean Chatzky says she worries about a paradox at the heart of women’s investing habits: Women are better at investing than their male counterparts, but they prefer to stash their money, exposing them to greater financial risk. Chatzky says women tend to be more cautious with money than men, but that caution can backfire.
North America | United States | Finance

Elizabeth Warren Warns Democrats Against Wall Street Defections

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Sen. Elizabeth Warren (D-Mass.) on Monday warned House Democrats to oppose a series of GOP-backed bills designed to roll back the 2010 Dodd-Frank financial reform legislation. Warren posted a statement on her official Facebook page calling on Democrats to vote against the Republican proposals, which are scheduled for a vote in the House Financial Services Committee on Tuesday. "Democrats must stand strong and fight back Republican efforts to weaken oversight," Warren wrote. "Rolling back the rules on our largest and riskiest institutions is a terrible idea for just about everyone excep
Middle East | Israel | Finance

Israel’s Bank Leumi CEO lands spot on ‘Fortune’ list of most power women

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American business magazine Fortune has listed the CEO and president of Israel's Leumi Group, Rakefet Russak-Aminoach, on its annual ranking of most powerful women in Europe, the Middle East and Africa. The Israeli banker placed in spot 23 on the list of 25, which includes major company heads, six newcomers and nine who work in the finance sector. Russak-Aminoach assumed her position at Israel's second-largest lender in 2012, taking over from Galia Maor after 17 years in the post.
Latin America | Brazil | Corruption

Brazil Court Gives Another 15 Days For Dilma Rousseff to Explain Accounts

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Brazil's highest accounting court gave another 15 days for President Dilma Rousseff to respond to accusations she doctored the government accounts last year to hide the deterioration of the country's finances. Judges of the Federal Accounts Court, known as the TCU, decided on Wednesday to give Rousseff more time in a case that her opponents believe could pave the way for her impeachment. Rousseff had already been granted 15 days on Aug 12 to respond to new findings made by court officials. A TCU prosecutor's allegation that Rousseff delayed 40 billion reais ($11.50 billion) in social
Latin America | Brazil | Economy

Fernanda de Lima: The lioness of Brazil

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In 2006, in the midst of a global bull market, the last thing Fernanda de Lima wanted was to go back to Wall Street. After earning degrees in math and economics from University of São Paulo and an MBA from New York University, and logging long hours for a decade at Merrill Lynch and JPMorgan, Lima had had enough. She washed her hands of finance and, with her husband as CEO, was building a news site called InfoMoney. The pair was raising three young children at home. But in August of that year her father, Paulo Cesar de Lima, founder of São Paulo brokerage firm Gradual Investments, had a mas
Latin America | Argentina | Finance

Defense Minister’s 26-Year-Old Daughter Appointed Head of Bank

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María Delfina Rossi, daughter of Defense Minister Agustín Rossi, was appointed head of Banco Nacíon, according to a decree published in the official bulletin last Wednesday and signed by President Cristina Kirchner and Economy Minister Axel Kiciloff. Of course, controversy arose. Some are so miffed about it that an adviser for the PRO party, Yamil Santoro, even started a petition on change.org to have her removed: “Agustina Rossi’s designation as head of the Banco Nación is arbitrary and violates the law. She’s not fit for the position and does not guarantee equal representati

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