HSBC’s Swiss private bank agreed to come to a settlement with US regulators in a deal worth $192.4 million in penalties and forfeiture over charges brought against it in along running inquiry of conspiring with US taxpayers and to help… Read More ›
Economy & Finance
Historic Market Debut Of Saudi Aramco Followed By Growth In Share Price
The historic debut at the stock market by the Saudi Arabian oil giant Saudi Aramco has seen the stocks of the company rise by 10 per cent at the start of their trading on Wednesday. The Aramco IPO was the… Read More ›
Progress At UN Climate Change Talks Being Blocked By Major Emitters: BBC
Attempts are being made to block progress at the COP25 meeting in Madrid which has angered delegates from developing countries set to participate in the meeting, claimed a report by the BBC. The blocking actions of some large emitters was… Read More ›
Trump will have final say on tariffs and U.S.-China trade deal: Peter Navarro
U.S. President Donald Trump will have the final on tariffs as well as that on the U.S.-China trade deal, said White House trade adviser Peter Navarro. “Either way we’re going to be in a great place … The president loves… Read More ›
Chevron to writedown value of assets by $10-$11 billion during fourth quarter
In a significant development, Chevron Corp stated, it will be writing down the value of its assets by $10 billion to $11 billion this quarter; the U.S. oil major is also considering selling some of its natural gas projects as… Read More ›
HSBC Holdings Plc’s Swiss unit to pay $192 million in U.S. tax dodging case: DoJ
In a statement the U.S. Department of Justice stated, the Swiss private banking unit of HSBC Holdings Plc will be paying $192.4 million to resolve a U.S. probe of its role in helping wealthy Americans evade taxes by using undeclared… Read More ›
WTO’s Appellate Body To Get Crippled If US Follows Through On Its Threat
A long standing threat by the United States of cripple the system for settling disputes of the World Trade Organization is being carried out by Washington this week which also threatens to throw off track the entire system of governance… Read More ›
More Needs To Be Done Even Though EU Antitrust Body Is The Toughest On Tech Giants
Despite the antitrust body of the European Union being one of the toughest regulators for large tech companies, and have pulled up and punished a number of global tech giants over intentional market dominance strategies aimed to wipe out rivals,… Read More ›
Diesel emission scandal ensnares Volkswagen in Canada
A Canadian government agency has charged German automaker Volkswagen AG of importing around 128,000 vehicles into the country in contravention to the country’s environmental laws. Volkswagen has been charged with violating 60 counts of the Canadian Environmental Protection Act by… Read More ›
JPMorgan Chase & Co’s asset and wealth-management arm to raise $1 billion towards a mezzanine fund
According to a report from Bloomberg citing sources familiar with the matter at hand, JPMorgan Chase & Co’s asset- and wealth-management arm is raising monies for a mezzanine fund. The report states, JPMorgan Chase & Co’s asset- and wealth-management arm… Read More ›
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