Britain will have to fight off the twin economic evils of recession and inflation once it leaves the safety of the EU. According to Francois Villeroy de Galhau, a member of the Governing Council from European Central Bank, Britain is… Read More ›
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Warrants Issued by South Korean Court Against VW Executive over Emission Probe
In another blow to the German automaker Volkswagen’s efforts to move on from the emission scandal, a South Korean court on Friday issued the first warrant for the arrest of a Volkswagen AG executive in connection with its cheating of… Read More ›
The Legal Nature of UK’s Brexit Referendum
While there has been wide spread reactions to the majority of people in the UK voting to leave the EU, the question that many are asking is whether the Thursday’s referendum on Brexit legally binding. “No” is the simple answer… Read More ›
EY Survey Finds High Degree of Distrust towards Japanese Employers by their Employees
While it might sound like a great thing – lifetime employment is not always so if one hates the place of work. This is what a survey report in Japan has found out while in reference to the plight of… Read More ›
Toshiba Sued over its Accounting Scandal by Japan Government Pension Fund
A law suit that claims nearly $10 million in damages has been filed against Toshiba by Japan’s $1.3 trillion public pension fund. The damages have been claimed after the fund lost money following the accounting scandal that pushed down the… Read More ›
Ex-Deutsche Bank Executive in Asia Sues Lender for $17 Million
The German firm Deutsche Bank AG is being sued for HK$135.3 million ($17 million) in a wrongful dismissal claim filed with Hong Kong’s labor tribunal by a former co-head of Asia corporate finance at the bank – Douglas Morton. According to… Read More ›
Possible Brexit Forces British Companies to Prepare for Long Night
Extra funds, pre-written statements and plans for late-night vigils by teams of consultants are being done by British companies as preparations for the possibility that the country will vote to leave the European Union. A last-minute flurry of preparations in… Read More ›
BNP, Santander Staff being Probed in Spain Over Roles in Tax Case
Amid allegations they may have helped shield customers’ international transfers from tax authorities, the Spanish authorities are investigating some Banco Santander SA and BNP Paribas SA employees, reported Bloomberg citing a person familiar with the probe. By analyzing evidence including papers… Read More ›
Will the $30 trillion ‘Great Wealth Transfer’ Change the Way of Financial Advising
Demographics and the aging of the baby boomers is the most important issues that looms for the financial advice industry. Roughly $30 trillion in assets would be transferred to their Gen X and millennial children by the biggest and wealthiest… Read More ›
A Discount of 40% being Offered for Renting of World’s Biggest Jetliner
With the aim of spurring demand for the second-hand jets leasing firm Doric is offering its used Airbus Group SE A380 superjumbos at a 40 percent discount compared to the $2 million-plus monthly rental rate for a new plane. Sibylle… Read More ›
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