While United States President Donald Trump has been seeking Chinese help to rein in North Korea, China is sure to be angered by the plan of the U.S. to sell Taiwan $1.42 billion in arms, the first such sale under the administration… Read More ›
Economy & Finance
Fallout From Maersk Cyber Attack Felt By Global Shipping Industry
The scale of the damage a computer virus can unleash on the technology dependent and inter-connected industry is shown as the global shipping industry is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago…. Read More ›
The SEC’s confidential draft statement for IPOs is designed to boost the U.S. primary market
The new SEC chairman has allowed companies to file confidentially prior to their IPOs. The rule will apply to even those companies who have yet to make their first year into the public reporting system. In a development that is… Read More ›
Trump Administration to go ahead with $1.42 billion arm sales to Taiwan
China needs to recognize that its gamble to help North Korea’s nuclear and missile programs in contrast to world opinion will have consequences and this U.S Administration will not shy away from taking punitive action. The Donald Trump Administration is… Read More ›
New Market Outlook Makes Investors Scramble To Keep Up Pace
The second half of 2017 just got a lot more interesting for investors scrambling to keep pace with a hawkish shift in the world’s biggest central banks. Based on overnight index swap rates and with the Bank of England and… Read More ›
Google Slapped $2.7 Billion Fine By EU, IT Giant To Appeal Against Ruling
For competition abuses related to its shopping business, Google has been hit with a record 2.4 billion euro ($2.7 billion) fine. On the basis that Google manipulated its market dominance to the disadvantage of smaller competitors and European consumers, the… Read More ›
IMF’s Former China Chief Prasad Says China’s Massive Corporate Crackdown Aimed At Curbing Outflows
According to Eswar Prasad, the former head of the IMF’s China division, by going after big companies, China is sending a “remarkably strong signal” about stemming capital outflows. “I think there is a concern here that corporate outflows, among other types… Read More ›
While Critics Say It Has Killed Banking Union, Stock Markets Get Buoyed By Italian Banks Rescue
As investors reacted with enthusiasm to confirmation that the Italian government would ride to the rescue of two flailing regional banks, Italy’s banking stocks led European equity markets higher at the start of the week. However, the liberal interpretation of… Read More ›
As India Reforms Taxes, 1,000 New Listings Being Aimed For By Asia’s Oldest Stock Exchange
As a rollout of the Goods and Service Tax (GST) on July 1 encourages more Indian companies to list their shares, Asia’s oldest stock exchange BSE is aiming for one thousand new listings over the next four to five years, said the… Read More ›
Hedge funds take aim at Brexit-hit retailers
Political and economic uncertainties arising out of Brexit and May’s surprise snap elections are significantly contributing to falling sales for retailers in the UK. Britain’s inconclusive general elections along with its upcoming exit from the European Union has many hedge… Read More ›
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