Allegations of AMP Ltd charging “unjustifiably” high fees for an extended period of time had surfaced in 2018. On Thursday, Australian wealth manager AMP Ltd stated it would defend itself against a new class-action lawsuit filed on behalf of pension… Read More ›
Month: May 2019
UK Body Suggests Wider Immigration To Tackle Worker Shortage
Advisers to the British government have suggested that to tackle shortages of workers in a wide range of occupations – from archaeologists and architects to vets and web developers, it is imperative that the UK ensures arrival of a wider… Read More ›
Study Indentifies UK & Its Territories As ‘Greatest Enabler’ Of Tax Avoidance
Result of a new research has shown that the greatest enabler of corporate tax avoidance in ethw world is the UK and its “corporate tax haven network”. Among the top 10 places that have been most active to “proliferate corporate… Read More ›
Indian Shifting To Export Driven Economy Due To Slowing Domestic Consumption
Asia’s third largest economy India – which is critically dependent on consumption, is facing the challenge of a fall in consumption which is indicated by dropping sale figures in some of the key sectors. As a solution, the economy –… Read More ›
Hong Kong Warned By US Not To Allow A Tanker That Breached US Sanctions On Iran
Hong Kong has been threatened by the United States of severe penalties being impose against it if it carries out any sort of business with an oil tanker that has allegedly the US sanctions on Iran and is heading to… Read More ›
GE plans to cut 1,000 jobs from its Belfort site in France
GE’s first quarter results could be a bargaining point for the French government since profits rose more than what GE had expected. General Electric (GE) has announced a plan to slash nearly 1,000 jobs in France. The move is likely… Read More ›
New York dethrones London to become world’s No. 1 financial centre
180 executives participating in the annual Global Regulatory Outlook survey working in asset management, private equity, hedge funds, banking and brokerage houses placed New York above London as the world’s top financial center. On Tuesday, as per the results… Read More ›
LNG prices likely to shoot up after 2022: ConocoPhillips
ConocoPhillips is expected to take a final investment decision on whether it should develop the Barossa gas field. On Tuesday, the Chief Executive of ConocoPhillips stated, he expects global prices of liquefied natural gas (LNG) to be weak in the… Read More ›
Canada takes steps to ratify USMCA ahead of U.S. VP Mike Pence’s visit
For the USMCA, which will replace NAFTA, to become law, it has to be ratified by lawmakers from the U.S., Canada and Mexico by the end of this summer. In a significant development, Canada took the first step toward ratifying… Read More ›
Trump Wants A Trade Deal With Japan By August This Year, Japan Denies Any Knowledge
An announcement for a US-Japan trade agreement could be made in August, said the United States president Donald Trump which is an indication that he would want to push Japan for the trade deal well before the six month period… Read More ›