Many opine this could result in better tax planning, while some say, the Kamprad family could benefit from it, while others think it could boost growth. What is your take on the matter? In what has been described as a… Read More ›
Month: April 2016
Iran wants increased access to global financial system
Despite the lifting of certain economic sanctions, the U.S. still has rules which forbid U.S. banks to work with Iran, which essentially acts as a barrier for Iran to benefit from the U.S. financial system. In the wake of Iran… Read More ›
Alarming SUV Boom in China and the Consequences
The Chinese government hopes to boost the number of clean vehicles on the road 10-fold by the end of the decade through the spending billions on research grants, steep subsidies and new infrastructure — such as charging stations — to… Read More ›
U.S. Supreme Court Rejects Challenge to Google Book-Scanning Project
A challenge filed in the US Supreme Court by authors who contend that Google’s massive effort to scan millions of books for an online library violates copyright law was turned down by e court on Monday as it declined to… Read More ›
CEO Dudley’s Pay Rise Voted against by BP Shareholders
Controversy over BP CEO Bob Dudley’s pay package amid falling profits and job losses at the oil major saw a barrage of complaints from its shareholders on Thursday. Its worst ever results reported in 20 years, the London-listed company reported… Read More ›
Plans to Deal ‘hammer blow’ to Tax Evasion by UK and European Allies
In a direct response to the Panama Papers leak that exposed how the world’s richest and most powerful people hide their wealth from tax authorities, Britain and its European allies have announced new rules designed to be a “hammer blow”… Read More ›
TeraExchange and Javelin preparing to bring class action lawsuits against 12 major banks
Their lawsuit revolves around the provisions in the Dodd-Frank Act which aims to bring transparency in the trading of interest rates swaps. In a development that could have a significant impact on major banks, two lone trading start-ups are set… Read More ›
Volkswagen’s brand taking a hit due to no solution to diesel emission scandal
Its sales chart have marched steadily southwards for the last 18 months. With Volkswagen yet to find a suitable solution for its diesel emission scandal, its brand is taking a hit with models across the brand showing falling sales in… Read More ›
Spain’s Industry Minister resigns after his name figures in the Panama Papers
Two Spanish news outlets have claimed they have documents which link Jose Manuel Soria and his brother to an offshore account. Spain’s Minister of Industries Jose Manuel Soria has sent in his papers after his name was mentioned in the… Read More ›
Wild Markets and Tame Gains seen by Goldman Asset $15 Billion Manager
Bouts of volatility will continue as nervous investors dump shares at even the slightest hint of bad news, says Suneil Mahindru the chief investment officer for international equities at Goldman Sachs Asset Management, who oversees about $15 billion. As low… Read More ›
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