This shadow banking system is used to launder billions of dollars. Here is how it functions. An examination by Reuters has opened a can of worms: a network of dummy online stores selling household goods have been used as a… Read More ›
Regulations & Legal
MSCI Exec Says Inflow Into Chinese Stocks Could Be To The Tune Of About $17 Billion Or More
Once some of those stocks are added to the key MSCI Emerging Markets Index, an MSCI executive said that about $17 billion to $18 billion should initially flow into mainland China’s stock market. Tracked by an estimated $1.6 trillion, a… Read More ›
Family Policies That Could Piggyback Onto Tax Reform Effort Being Drawn By Ivanka Trump
In order to discuss family and child care policy as she seeks to build momentum around one of her signature issues, first daughter Ivanka Trump huddled with Republican lawmakers on Capitol Hill Tuesday morning. Sen. Marco Rubio of Florida, who has proposed… Read More ›
Toshiba selects Bain-led consortium for its chip manufacturing plant
While the chip manufacturing industry is considered by Japan to be of national interest, and Toshiba made active efforts to put the snooping Chinese at bay, sources reveal that SK Hynix, considered close to China, will partly finance the purchase…. Read More ›
Weakening pound boost British exports
Here is a brief summary of the central bank’s assessment of the British economy. On Wednesday, the Bank of England reported that although British consumers are coming under increasing pressure from rising inflation, the weakening sterling was boosting export volumes… Read More ›
There are advantages to remaining within the European customs union
The life of Britain’s successful auto industry hangs in the balance. On Tuesday, Britain’s car industry set out its list of Brexit demands to British Prime Minister Theresa May’s government, warning that a return to WTO rules could permanently damage… Read More ›
EQT’s acquisition of Rice Energy will make the combined company the No. 1 natural gas producer in the U.S.
The deal places the combined company ahead of Exxon Mobil Corp. On Monday, EQT Corp, a U.S. oil and gas company disclosed it would be acquiring its peer, Rice Energy for $6.7 billion and create the biggest natural gas producer… Read More ›
U.S. President Donald Trump being investigated for possible obstruction of justice
If only the Trump Administration could move past the drama and focus on getting the economy rolling… In a development that potentially has widespread economic concerns, on Wednesday, the Washington Post has reported citing anonymous sources that U.S. President Donald… Read More ›
Qatar signs $12 billion deal to buy 36 F-15 fighter jets from Boeing
U.S. President Donald Trump has accused Qatar of supporting terrorism. Although on the one hand, U.S. President Donald Trump criticised Qatar with supporting terrorism, on Wednesday, Qatar’s Ministry of Defence announced it had signed a $12 billion deal with the… Read More ›
A ruling on Western Digital’s court injunction is expected by mid-July
The sale of Toshiba’s chip business is strategic & pivotal to its survival as a company. This court injunction request, was expected, and adds to the complexity surrounding the troubled company. As per a source familiar with the situation at… Read More ›
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