The case refers to HSBC’s 2012 admission of laundering hundreds of millions of dollars’ worth of drug money for the Colombian and Mexican drug cartels, which came to a close after a deferred prosecution agreement wherein HSBC agreed to put… Read More ›
Day: March 2, 2017
China making efforts to more closely link its economy with that of the U.S.
Eyeing the twin objectives of deepening its economic cooperation with the U.S. and trying to internalize its currency, Beijing has awarded asset manager BlackRock access to its capital market. In a significant development, China has allowed BlackRock, an asset… Read More ›
Brexit – Irish economy hangs in the balance
During Brexit negotiations, Ireland could emerge as the UK’s Achilles heel. If physical border controls are placed, it could give rise to a resurgence of violent militant protests. According to Britain’s Northern Ireland minister, a post-Brexit trade deal with the… Read More ›