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 ›
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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 ›
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 ›
In The Process Of Development Of New Fighter Jet, Europe Faces Herculean Challenge
With respect to Europe’s three existing programs: Eurofighter, France’s Rafale and Sweden’s Gripen, and one that will shape the future of the European fighter industry, Europe is embarking on an expensive and politically charged effort to develop a new combat… Read More ›
A ‘Second Tier’ Country Now Is America, Says A Recent Report
America trails many other developed countries when it comes to health, environmental protection, and fighting discrimination, even though it leads the world when it comes to access to higher education. This was revealed in a report published by the Social Progress Imperative, a… Read More ›
Repeated Attempts Made By Hedge Funds To Invest In Veneto Banks: Reuters
The plan of a group of four international investment funds was not pursued by Rome along with more recent approaches to be part of a rescue deal after the funds offered to inject 1.6 billion euros ($1.79 billion) of fresh… Read More ›
Second Quarter Ends With Slower Growth For Euro Zone Businesses: PMIs
A survey has shown that following a sudden slowing in the pace of expansion by services firms, roaring euro zone business growth tailed off unexpectedly toward the end of the first half of 2017. But pressure will likely be maintained… Read More ›
Largest IPO On Gas Field Sale To Be Issued At Tel Aviv Exchange
With the sale of part of the Tamar natural gas field by Delek Drilling, the Tel Aviv Stock Exchange, TASE, is about to see its largest IPO ever. An offering of about $1.2 billion in stocks and bonds to finance… Read More ›
As 2017 Unfolds A Bit Differently, Citi Private Bank Turns Bullish On Emerging Markets
A disruptive United States and growing political risks in Europe were among the most important of fears that the global markets started 2017 fearing. But Citi Private Bank said in its mid-year review that neither of those has turned out to be… 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 ›