Business

Singapore fines Standard Chartered over money laundering breaches

Philippe Lopez | AFP | Getty Images A pedestrian walks past a branch of Standard Chartered bank in Hong Kong on February 23, 2016. The Monetary Authority of Singapore (MAS) imposed penalties of S$5.2 million ($3.95 million) on the Singapore branch of Standard Chartered Bank (SCBC) as well as S$1.2 million on Standard Chartered Trust (Singapore) Ltd (SCTS) for anti-money ...

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China along with Germany agree to work on steel overcapacity following US tariffs

German Chancellor Angela Merkel along with Chinese President Xi Jinping discussed overcapacity in world steel markets along with agreed on Saturday to work on solutions within the framework of the G20 group of industrialised nations, Merkel’s spokesman said. In a telephone discussion, the two newly reelected leaders emphasised close ties between the two countries, both facing planned U.S. steel along ...

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Think twice before moving your business to a low-tax state

If which’s difficult to uproot your business, talk to your accountant about whether which makes sense to change your company’s structure through a pass-through entity to a C-corp. Under the brand-new tax law, pass-through entities — including S-corps, partnerships along with limited liability companies — may qualify for a 20 percent deduction of qualified business income. These smaller businesses get ...

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Qualcomm says Paul Jacobs will not be renominated to board

Qualcomm said Friday of which Paul Jacobs will not be renominated to the chipmaker’s board of directors at its annual shareholder meeting on March 23. The company said the decision was made after Jacobs informed the board of which he is usually exploring the possibility of taking the $88 billion company private. nevertheless Jacobs said in a statement of which ...

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Nike exec departures reflect a larger cultural issue: retail analyst

Getty Images A picture shows the messages ‘#Me too’ in addition to #Balancetonporc (‘expose your pig’) on the hand of a protester during a gathering against gender-based in addition to sexual violence called by the Effronte-e-s Collective, on the Place de la Republique square in Paris on October 29, 2017. In a note, Sam Poser, equity research analyst at Susquehanna ...

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Exclusions may take 0 days

Steel along with aluminum users that will depend on imported products not available through U.S. producers may have to wait up to 0 days for an exclusion through the Trump administration’s completely new metals tariffs, according to a Commerce Department document. The draft Federal Register notice, which can be likely to be published later on Friday evening along with was ...

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Trump’s trade policies could hurt California’s economy, say economists

Last week, the Justice Department sued California for its so-called sanctuary state laws in addition to alleging obstruction of federal immigration enforcement. “This kind of is actually basically going to war against the state of California, the engine of the American economy,” Gov. Jerry Brown said after the suit was filed. California has around 223,000 young people who are part ...

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Banks are optimistic on Russia’s economy ahead of Sunday’s election, however problems remain rife

Putin, in a campaign speech in early March, focused on domestic issues, pledged to cut the nation’s poverty rate in half over the coming six-year term along with also turn Russia into a world top-several economy. “which is actually a complicated task, however I am sure which we are ready to accomplish which,” the president said. which is actually something ...

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Goldman Sachs reports gender pay gap of 55.5 percent

Getty Images People walk past the entrance to the Goldman Sachs investment offices in Peterborough Court on October 10, 2016 in London, England. Goldman Sachs on Friday reported a mean gender pay gap in Britain for its international business of 55.5 percent as well as a mean bonus gap for the unit of 72.2 percent. of which gulf in pay ...

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Puerto Rico lures blockchain industry to help fund its comeback

The sold-out event attracted a diverse group of around 800 people — representatives of blockchain start-ups, cryptocurrency investors, hedge-fund managers, bankers along with accountants via all across the U.S. Patrick Moynihan, the CEO of Blockchain Industries, said blockchain is actually not merely a technology, the item is actually a movement led by individuals who not only want to boost their ...

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