The managing director of the International Monetary Fund (IMF) and the will known face of this international financial body Christine Lagarde will be stepping down from her post, the IMF chief has announced. This announcement comes before a decision is… Read More ›
Regulations & Legal
US Big Three Banks Report Good Earnings But Issue Warning Signs
While issuing warnings for the future of their business as well as for the financial industry as a whole, strong performance was reported by three big United States banks The reports of the banks clearly indicated that lower interest rate… Read More ›
The Hong Kong Wealthy Are Moving Their Wealth To Singapore: Bloomberg
Worry about the long term effects of the political crisis in the Chinese city of Hong Kong has got private bankers in the city busy with many inquiries from investors there according to a report published by Bloomberg. According to… Read More ›
Issue Of Taxing Large Tech Firms Could Take US And UK On A Collision Course
The issue of taxing internet giants could take the United States and Britain on a collision course. Starting from 2020, all large search companies, social media platforms and online marketplaces operating in the United Kingdom would be levied a tax… Read More ›
Indian government reins in auditing firms KPMG & Deloitte to global accounting standards
The Indian government has banned Deloitte Haskins & Sells LLP from doing business in the country following allegations of shoddy work and non-compliance to global accounting standards. In a significant development, Indian authorities have told a tribunal, Deloitte Touche Tohmatsu’s… Read More ›
Despite US Threats, New Tax On Tech Giants Passed By France
Despite retaliatory threats from the United States, a digital services tax has been approved by the French government. The US has been opposing the plan because it claims that the tax would unfairly target US tech companies. US based largest… Read More ›
Mexico Exports Record Vehicles Into US In H1 Of 2019
Most of the major auto companies of the world had got very concerned after the threat in early June of this year from United States president Donald Trump about imposing high tariffs on all products imported from Mexico over what… Read More ›
Ahead Of Indo-US Trade Talks, Trump Issues Tariff Threat To New Delhi
United States president Donald Trump has again warned India that the US does not like the tariff regime in the country even as trade talks between representatives of the two countries is set to start in New Delhi. “India has… Read More ›
Will defend Brexit’s Irish backstop: Ursula von der Leyen
The stance taken by Ursula von der Leyen, a nominee for the next president of the European Commission, is likely to increase the chances of a hard Brexit. Ursula von der Leyen, the nominee for the next president of the… Read More ›
Capitol Hill to witness key antitrust hearings next week
Representatives from tech giants, such as from Google, Amazon, Apple and Facebook, are set to testify before a House of Representatives congressional committee on June 16. The The hearing will discuss the formidable market power wielded by online platforms. In… Read More ›