According to the head of tax at the OECD, there is now a “solid basis” for the global talks on updating international tax rules for the digital age and the situation is good enough to wrap up the negotiation by… Read More ›
Regulations & Legal
Leaked Documents Suggest $2tn Of Corrupt Money Could Have Passed Through The US Financial System
An international group of investigative journalists has been provided with thousands of documents that provide details of money worth about $2 trillion that potentially was amassed through corrupt means and had passed through the financial system of the United States…. Read More ›
Europe’s Hope Of “V” Shaped Economic Recovery Fading With Resurgence Of Pandemic
With the number of daily coronavirus infections continuing to rise rapidly, it is likely that more restrictions on public life in the coming days will be imposed by European countries, according to analysts. “Expect lots more restrictions over the days… Read More ›
France’s Societe Generale to divest stake in asset management arm Lyxor: sources
According to two sources familiar with the matter at hand, Societe Generale is gearing up to launch the sale of its asset management arm Lyxor with the French lender aiming to shore up its finances following two consecutive quarterly losses…. Read More ›
China’s Guolian Securities Co acquires Sinolink Securities for undisclosed sum
In a move that marks the acceleration of consolidation in Chinese brokerage firms, China’s Guolian Securities Co said it will acquire Sinolink Securities Co through a share swap and stake purchase. The development comes at a time when financial conglomerates… Read More ›
U.S. auto parts maker Garrett Motion Inc files for Chapter 11 bankruptcy
In a statement, U.S. auto parts maker Garrett Motion Inc said, it has filed for Chapter 11 bankruptcy protection, as its struggles with its heavy debt due to a payment settlement dispute with its former parent Honeywell International Inc. In… Read More ›
HSBC & StanChart among other financial institutions transferred more than $2 trillion of illicit money
On Monday, shares of Standard Chartered’s and HSBC in Hong Kong fell vertically following media reports that the two banks along with other banks transferred large sums of allegedly illicit funds for nearly two decades despite the transfers being red… Read More ›
Documents Show EU Wants To Implement Crypto-Assets Regime By 2024
According to reports citing two documents of the European Union, new rules within four years are being planned to be introduced in the single currency market that will allow making of cross-border payments quicker and cheaper by the use of… Read More ›
Ford’s top selling pickup truck F-150 to go on sale this November
In a statement, Ford Motor Co said, it has commenced production of its new F-150 pickup truck at its Dearborn, Michigan, facility. It expects the F-150 to go on sale this November. The new F-150 launch is “on time and… Read More ›
Tesla wins court battle against former employee accused of hacking & stealing gigabytes of data
According to court documents, electric carmaker Tesla Inc has won its case against a former employee, who was fired for hacking and transferring company data to third parties. In 2018, Tesla had filed a lawsuit against Martin Tripp, a former… Read More ›
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