A range of U.S and European companies, are likely to be affected by this measure, including DowDuPont, Equistar, BASF, Eastman, Sasol and Ineos. On Wednesday, China’s Ministry of Commerce said, Beijing will raise anti-dumping tariffs on diethylene glycol and ethylene… Read More ›
Regulations & Legal
Landmark Transfer Pricing tax suit – Coca-Cola vs the U.S. IRS
The lawsuit is drawing loads of eyeballs since it could set a precedent for MNCs over their transfer pricing mechanism. In a lawsuit, closely watched by tax experts, that marks a growing signs of tension between the U.S. Internal Revenue… Read More ›
Beijing imposes additional tariffs on U.S. exports
Beijing move will impact $3 billion U.S. exports to China. China’s finance ministry stated, Beijing has imposed additional tariffs of up to 25% on 128 U.S. products including including certain nuts, wine and frozen pork, in response to U.S. duties… Read More ›
Christian Strenger, founding member of Germany’s Corporate Governance Commission calls investors to vote against Wolfgang Porsche’s re-election to VW’s board at its AGM
Although Christian Strenger has a a small stake in VW, as the ex-CEO of DWS, Deutsche Bank’s asset management arm, and being the founding member of Germany’s Corporate Governance Commission, he has a prominent voice. German newspaper Frankfurter Allgemeine Sonntagszeitung… Read More ›
Trump’s attack on Amazon.com leads to $24 billion loss in market capitalization
As per news reporting service Axios, Trump is considering ways to rein in Amazon’s power. In the second instance of its kind, U.S. President Donald Trump came down heavily on Amazon.com Inc accusing it of benefiting unfairly from cheap rates… Read More ›
Seoul Authorities To Shut Light And Worker’s Computers To Prevent Working Late Hours
The authorities of South Korea’s capital city are demanding that workers there work less and not more – unlike some employers. And to prevent workers from working too much, the authorities are even planning to switch off lights and are… Read More ›
EU Rules Cutting Leveraged Trading Results In Bitcoin Hitting $6,000
In what is one of the lowest that bitcoin has achieved since touching near $20,000 levels in value last year, the virtual currency traded at $6,617 on Friday – the beginning of a long Easter week end. This value is… Read More ›
U.S. District Judge Valerie Caproni dismisses Exxon Mobil Corp’s lawsuit against NY and Massachusetts
In an interesting turn of events U.S. District Judge Valerie Caproni dismissed Exxon Mobil Corp’s lawsuit against the Attorney General of NY and Massachusetts on the grounds of Exxon’s arguments being “implausible”. In a setback to U.S oil giant Exxon… Read More ›
Britain’s Treasury Committee begins investigation into the fantastic sums of money that is being invested in Britain
Under new laws Britain’s Treasury Committee can order the siezure of assets if their owner(s) are unable to explain the source(s) of their funds; providing misleading statements could result in fines or up to two years in the cooler. Following… Read More ›
Equifax appoints Mark Begor as its CEO
Mark Begor, 59, is set to join Equifax on April 16, this year. His appointment at the help of the consumer credit rating agency comes at a time when the firm faces significant headwinds stemming from what is slated to… Read More ›