The raid by the Panamanian police is supposedly looking for evidence of illegal activities by the law firm. Late on Tuesday, Panama’s Attorney General has raided the offices of Mossack Fonseca, a law firm, in search for evidence of illegal… Read More ›
The company is set to split in the second half of this year. Alcoa Inc., a company which deals in metals, has reported a lower quarterly profit thanks to low commodity prices. Plant closures and disinvestments along with a strong… Read More ›
Citing reasons of China’s slowdown, persistently low oil prices and chronic weakness in advanced economies, the International Monetary Fund cut its global growth forecast for the fourth time in the past year on Tuesday. The global economy would grow at… Read More ›
Texas Attorney General Ken Paxton has been indicted by a Texas state grand Jury in 2014. In a significant development, U.S. regulators have charged Texas Attorney General Ken Paxton on charges of defrauding investors in a stock scam revolving around… Read More ›
This is a major victory for New York Attorney General Eric Schneiderman. The U.S. Department of Justice has disclosed that the Goldman Sachs Group Inc., has now agreed to shell out $5.06 billion in settlement claims for having misled mortgage… Read More ›
Last week the DOJ has filed a lawsuit to stop the merger as the resultant would leave only two dominant companies in the global well drilling and oil industry construction services industry. The equivalent of antitrust regulators in the European… Read More ›
The greatest risk facing the region is the U.K. referendum on its membership of the European Union, says the vice-chair of financial services firm Allianz Global Investors, reported CNBC. Regardless of the outcome of the vote on June 23, it… Read More ›
This M&A will be a litmus test for Margrethe Vestager, the European version of an antitrust commissioner. As per multiple sources familiar with the matter at hand, CK Hutchison Holdings has struck a network-sharing deal with Virgin Media and Sky… Read More ›
While may be just a handful was aware of the Panamanian law firm Mossack Fonseca before the weekend fewer perhaps considered Panama a key global financial center. However the world’s financial and political leaders have been rocked by disclosures of… Read More ›
The stockpiles of copper in China are near record highs and analysts are of the opinion that the country may be about to shock the global copper market by unleashing its stockpiles onto the global market. In the next few… Read More ›
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