Tag Archives: Will

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 »

What Will The Trump Economy Look Like?

When the economy generated over 200,000 new jobs in January and again in February, Donald Trump suddenly decided that he respected the government statistical agencies. But when the economy produced only 98,000 jobs in March, the Administration was uncharacteristically quiet. That same report revised the earlier numbers downward by about 38,000 jobs. Compared with a year earlier, job creation in ... Read More »

Tsipras will put pensioner bonus to Greek parliament

pped a rise in VAT for residents of Aegean islands to help relieve the economic pressure caused by an influx of migrants. A spokesman for Jeroen Dijsselbloem, the head of the Eurogroup – the eurozone finance ministers who have been negotiating with the Greek government over its massive debts – said the Greek government’s action appeared “to not be in ... Read More »

Janus’ Gross says Trump will be one-termer, in failure for populism

President-elect Donald Trump will last no more than four years in the White House, a period when corporations and Wall Street will retain the upper hand over the struggling workers who helped elect him in a populist wave, bond manager Bill Gross of Janus Capital Group Inc said on Wednesday. In his monthly investment outlook, “Populism Takes a Wrong Turn,” ... Read More »

Carney says will not extend his time at BoE again

Bank of England Governor Mark Carney said on Tuesday he would not consider a further extension of his time in charge of the British central bank, which is now due to end in June 2019. “I will leave June 30, 2019,” Carney said in response to a question during a regular meeting with lawmakers in parliament. The Canadian said on ... Read More »

Antofagasta says will defend against regulator’s charges

Chile’s Antofagasta Minerals (ANTO.L) said on Friday it would present a defence after Chilean regulators accused the company late Thursday of mismanaging water resources and nearby plant life at its Los Pelambres copper mine. The company said there were some errors in the information that led Chilean regulators to draw up the charges but it did not elaborate on the ... Read More »

BOJ will act ‘without hesitation’ to revive inflation- Kuroda

The recent dip in inflation in Japan may mean inflation expectations are not yet anchored at the Bank of Japan’s two percent target, and the bank will approve more quantitative easing or lower negative interest rates “without hesitation,” BOJ Governor Haruhiko Kuroda said on Saturday. “The Bank of Japan will continue to carefully examine risks and take additional easing measures ... Read More »

North Korean invasion: Kim’s masterplan will leave a million dead

Starved of food, North Korea is on the brink of collapse, and in its desperation threatens an invasion of its South Korean neighbours. Reports from the country reveal Kim Jong-un has built a replica of the South Korean presidential palace to train his troops for an invasion as tensions escalate. And with America pledged to defend the South in case ... Read More »

Former Goldman Sachs president says our economic situation ‘will end in tears’

Taking the long view is one of those easier-said-than-done propositions, right? For instance, while you might think that the economy has pretty much recovered from the Great Recession of 2008, one prominent financier thinks the problems that caused that big meltdown have been papered over and will come back to hurt us again. And then there’s the little issue of ... Read More »

Brexit campaigners say Easter eggs will be cheaper if Britain leaves EU

Leaving the EU could cut the cost of Easter eggs, pro-Brexit campaigners claimed. Unilateral trade deals with chocolate-producing countries Indonesia, Nigeria and Brazil could remove “punitive tariffs” imposed by Brussels on imports of cocoa-based sweet treats, Vote Leave said. As much as £1.28 of the cost of a £10 egg was accounted for by such charges. it calculated, which are ... Read More »