On Tuesday, in a statement Japan’s Finance Minister Taro Aso stated, Tokyo has decided that it will allow companies to extend the deadline for submission of securities and financial reports until the end of September. The decision comes midst difficulties… Read More ›
securities
China hoping for partial trade deal, respite from U.S. tariffs
It is important to note that concessions made by China are largely insignificant and non-systemic. U.S. demands that it stops the forcible transfer of U.S. technology to Chinese firms, stop industrial espionage, stop non-compliance of U.S. intellectual property rights, have… Read More ›
Morgan Stanley becomes top shareholder in Chinese joint venture – Morgan Stanley Huaxin Fund Management Co
With China opening up its financial sector, worth trillions of dollars, foreign financial institutions can finally tap the Chinese market. In a deal that will result in Morgan Stanley becoming the top shareholder of Morgan Stanley Huaxin Fund Management Co,… Read More ›
EU’s securities and markets watchdog imposes $5.78M fine on Fitch
20% of Fitch subsidiaries in France, Britain, and Spain had been affected by the conflict of interest. On Thursday, the European Union’s markets watchdog, the European Securities and Markets Authority (ESMA), has fined credit rating agency Fitch a record $5.78… Read More ›
Italy commences discussions over GACS scheme renewal
Although risk premiums for the GACS scheme are pricey for the Italian government, but given its size of 100 billion euros, the Italian government is likely to be hard pressed on ways to significantly trim it no matter how complicated… Read More ›
Japan’s Takada to acquire London-listed Shire for $59 billion
Following the takeover Takada will join the ranks of the world’s top 10 drugmakers and will gain expertise in rare diseases, at the cost of a mountain-load of debt. On Wednesday, shareholders of Takeda Pharmaceutical approved the $59 billion takeover… Read More ›
JPMorgan applies to set up majority-owned securities business in China
The U.S. bank is one of several foreign banks, including UBS Group AG and Nomura Holdings Inc who have applied to set up majority-owned securities businesses in China, following relaxation of rules. On Monday, JPMorgan Chase & Co stated it… Read More ›
Royal Bank of Scotland agrees to pay $4.9 billion to settle probe by the U.S. Justice Department
The bulk of the $4.9 billion settlement amount has already been provisioned for; as for the balance amount of $1.44 billion, RBS has agreed to take an incremental charge in 2018’s second quarter. The Royal Bank of Scotland Group Plc… Read More ›
China pushes private investments in its weak manufacturing sector; has global ambition
By placing private funds in its manufacturing sector, which has been traditionally weak at best, China is aiming to capitalize the experience it has gained with its European partners and boost this sector which has been plagued by a host… Read More ›