Tag Archives: This

How this mom turned $775 into a $65 million company in only 5 years

In 2007, Julie Deane’s 8-year-old daughter, Emily, was being bullied — she’d lost her happy, extroverted personality and came home from school with bruises on her arms. The British mother of two made a promise that day to send her children to private school. But Deane only had £600 ($775) to spare, not the £24,000 ($31,000) it would take to ... Read More »

This Caribbean Bank Wants Chinese Money No One Else Will Touch

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, ... Read More »

One chart that shows the weird, vexing mystery of this economy

As the stock market pushes toward fresh records, the biggest debate on Wall Street going on right now is whether to believe the “soft” data or the “hard” data about the economy. The soft data is reflecting confidence in President Trump’s economic policy and goosing the stock market, while the hard data, things like actual sales, is struggling. Here is ... Read More »

ACE Report: Economy is ‘inching forward’ this year

The seven counties of Northeast Ohio added 943 jobs in February, a modest number, but the second straight month of job increases, according to the Ahola Crain’s Employment (ACE) Report. Year-over-year, payrolls were up by 5,422 jobs on a seasonally adjusted basis, a 0.46% increase. February payrolls for the Cleveland Akron Metropolitan Area equaled 1,180,415 on a seasonally adjusted basis. ... Read More »

This foursome could be the most exciting event for markets Tuesday

Bryan R. Smith | AFP | Getty Images Traders work the floor of the Dow Jones at the closing bell of the New York Stock Exchange. Traders, scratching for a market catalyst, may find it in the flock of Fed speakers on the calendar Tuesday. Monday’s session was quiet, both in stocks and bonds. “If anything’s going to stir the ... Read More »

China likely to allow companies to issue shares in Frankfurt this year – bourse

Chinese companies will likely be allowed to sell their shares in Germany via issuing so-called “D shares” as soon as this year, in a move that will help them raise their profile in Europe, the Shanghai Stock Exchange (SSE) said. The plan to launch D shares – Frankfurt-traded shares sold by China-registered firms – is being studied by the Frankfurt-based ... Read More »

Apple to appeal EU tax ruling this week, says it was a ‘convenient target’

Apple (AAPL.O) will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said. Apple’s combative stand underlines its anger with the European Commission, which said on Aug. 30 the company’s Irish tax deal was ... Read More »

Samsung Vietnam says no cuts in jobs this year despite Note 7 woes

Samsung Vietnam will maintain its current staff numbers, the firm said on Wednesday, despite the parent company scrapping its flagship Galaxy Note 7 phone following a series of battery fires. Samsung Electronics, which employs around 110,000 people in Vietnam, finally pulled the plug on the new Note 7 phone on Tuesday, less than two months after its launch, dealing a ... Read More »

Bank spells out chance of further rate cut this year

The Bank of England deputy governor, Ben Broadbent, has told the BBC’s Today programme there could be a further interest rate cut this year if needed. His comments highlight the Bank of England’s signal on Thursday that rates could go lower if the economy worsens. On Thursday, the Bank cut interest rates from 0.5% to 0.25% – a record low ... Read More »

This bank account switching report is a real hassle

Considering the historic apathy of the British public when it comes to switching their bank accounts, it seems apt that those tasked with writing a competition report on the topic don’t seem in a terrible hurry to conclude. But on Tuesday the delayed investigation by the Competition and Markets Authority into retail banking reaches a critical phase with the publication ... Read More »