Asian Markets Steady as She Goes

Asian Markets Steady as She GoesWith US and European central banks finally beginning to move away from ultra- loose monetary policy, there are plenty of reasons to question the durability of the gains seen by global stock markets over the past year, and in some cases five and 10 years. Some assume tightening will be particularly damaging for emerging markets,…

China Fakes Inundate UK, OECD Says

China Fakes Inundate UK, OECD SaysCounterfeit goods, primarily pouring in from China and Hong Kong, are “not only becoming a significant threat to the engine of economic growth, but also undermining good governance, the rule of law and citizens’ trust” in the government of the United Kingdom, according to a new 152-page report issued by the Organization for Economic Cooperation…

Uber-Style Attack on the US$60-trillion Global Securities Industry

Uber-Style Attack on the US$60-trillion Global Securities IndustryA few years ago, Arifa Khan, a former investment banker with Credit Suisse and UBS, realized that she had found the power to do to investment banking what Uber has done to the private taxi industry. The current investment banking model, the London-based Khan believes, with a good deal of justification, is inherently rigged against…

India and China in a Water War

India and China in a Water WarWith more than 32 million people hit by floods in four Indian states so far this year, New Delhi is growing increasingly frustrated over China’s refusal to share current river data despite bilateral agreements requiring Beijing to pass on the information for downstream flood control. The data from upper riparian China to lower riparian India…

Korea Seeks to Rein in Samsung

Korea Seeks to Rein in SamsungThe case against the heir to leadership of the sprawling Samsung empire tests the will of the government of Korea’s liberal President Moon Jae-in to make good on the kind of sweeping campaign promise that every Korean president has made for the past 30 years. Can Moon, unlike his predecessors, curb the power of the…

Indian Court Bans Book About Flamboyant Guru-Tycoon

Indian Court Bans Book About Flamboyant Guru-TycoonA New Delhi court has blocked publication of a book based on the life of Baba Ramdev, a flamboyant guru-turned-tycoon who straddles a US$1.7 billion global business empire peddling everything from consumer products to apparel to ayurvedic potions. The reasons for the ban are unclear, raising questions about why Ramdev wants the book banned. But…

A Fox in Charge of a Global Money-Launderer’s Henhouse

A Fox in Charge of a Global Money-Launderer’s HenhouseIn 2014, the central banks of Tanzania and Cyprus took over the notorious FBME Bank, which was accused of a long list of banking violations that allegedly made it the money-laundering epicenter of global finance. But the man they put in charge of administering the bank appears to have been about as controversial as the…

International Investment Firm Ordered Shut in Bermuda

International Investment Firm Ordered Shut in BermudaThe Supreme Court of Bermuda has ordered the Bermuda arm of the controversial empire of the Lebanese Saab brothers liquidated following an investigation by KRyS Global, an international fraud investigation and dispute resolution firm. Ayoub-Farid and Fadi Saab are the beneficial owners of FBME Bank of Tanzania, whose Cyprus unit was in effect shut down…

China Overseas Investment Curb Exposes Splits in Government

China Overseas Investment Curb Exposes Splits in GovernmentWang Jianlin displayed considerable composure and self-confidence when facing questions about the recent sale of his theme park and hotel assets to smaller rivals Sunac China Holdings and Guangzhou R&F Properties. But Wang, the founder of China's largest real estate developer Dalian Wanda Group and formerly China's richest man, may actually have something to fear.…

Good for Alibaba? SCMP Quashes Column on Xi-linked Tycoon

Good for Alibaba? SCMP Quashes Column on Xi-linked TycoonThe steady erosion of the journalistic independence of the South China Morning Post, once the region’s most influential English-language daily, was demonstrated last week when the paper’s editors pulled an article linking an investor in Hong Kong’s Peninsula Hotel Group to Chinese President Xi Jinping’s chief of staff. The article, by long-time Money Matters columnist…
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