Jersey 'third easiest jurisdiction' in world for finance compliance

Only arch-rivals the British Virgin Islands and the Cayman Islands were rated less complex than Jersey when it comes to compliance, according to TMF’s Financial Complexity Index 2018. The international provider of global business and compliance services ranked Jersey number 92 in its index out of a total 94 jurisdictions around the world. The Cayman […]

Malaysia election: Ex-finance minister Daim criticises GST relief for China firm in rail project

Malaysia election: Ex-finance minister Daim criticises GST relief for China firm in rail project

KUALA LUMPUR – Former Malaysian finance minister Daim Zainuddin has criticised the government’s decision to waive the goods and services tax (GST) for a big China company which is building a controversial RM55 billion (S$18.6 billion) East Coast Rail Link (ECRL). Tun Daim’s public comments made him the third former veteran ex-minister who had sounded […]

US defends tough trade stance at global finance meeting

US defends tough trade stance at global finance meeting

WASHINGTON — The United States is resisting pressure to back off President Donald Trump’s tough America First trade policy at a meeting of global finance leaders worried about the threat of a damaging trade war. At a meeting of global finance leaders, U.S. Treasury Secretary Steven Mnuchin charged that “unfair global trade practices impede stronger […]

Why the Trump tax cuts are flopping

Why the Trump tax cuts are flopping

Bill Mead of Houston is glad the tax cuts signed by President Trump last year lowered the corporate tax rate, aligning it more with rates in other nations. But the naval architect, 71, still feels the cuts were far too generous to the wealthy. “I don’t know why they need it,” he says. “They’re just […]

Morning Brief: Amazon reveals it has over 100M Prime members

Morning Brief: Amazon reveals it has over 100M Prime members

Thursday, April 19, 2018 What to watch today On the calendar on Thursday, investors will have earnings to react to, though fewer major headline names will report than in recent days, with results from Blackstone (BX), Bank of New York Mellon (BK), Philip Morris (PM), Quest Diagnostics (DGX), and E-Trade (ETFC) expected to be headliners. […]

Top Finance Official in Japan Resigns Over Harassment Accusations

Top Finance Official in Japan Resigns Over Harassment Accusations

Both men’s resignations came as Prime Minister Shinzo Abe was in Palm Beach, Fla., meeting with President Trump. Mr. Fukuda’s resignation is subject to confirmation by the entire cabinet, including Mr. Abe. Mr. Fukuda said he had decided to resign because “right now the Finance Ministry is going through a severe time,” apparently a reference […]

Rathbun named Bloomington interim finance director

Rathbun named Bloomington interim finance director

BLOOMINGTON — Scott Rathbun will serve as the city of Bloomington’s  interim finance director. “I am pleased to welcome Mr. Rathbun to the role of interim finance director,” interim City Manager Steve Rasmussen said Tuesday. “He was integral to this year’s budget process and will provide the finance department with solid leadership during this time of […]

Ping An A-Shares Trade at Rare Discount as Mainland Finance Hit

Ping An A-Shares Trade at Rare Discount as Mainland Finance Hit

Bloomberg News April 16, 2018, 11:00 PM EDT Concern that China will further free up bank deposit rates is prompting investors to dump financial stocks across the mainland, with insurers including Ping An Insurance (Group) Co. becoming collateral damage. Ping An’s yuan-denominated shares are now trading at a discount to those in Hong Kong, where […]

Are you taking steps to address this major retirement concern?

Are you taking steps to address this major retirement concern?

When it comes to retirement, today’s older workers unfortunately have plenty to worry about. From housing expenses to food and clothing, the prospect of retiring isn’t cheap, and given the number of folks in their 50s and 60s who are behind on personal savings, it’s no wonder the idea of leaving the workforce is stressful […]

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