Search Results for: Bank of America
China Stops Trying To Fool The World; World Is Sorry
May 10th, 2016
Something interesting has happened. China earlier this year responded to falling stock prices by borrowing a trillion dollars and spending it on commodities, boosting the prices of iron ore, oil, copper, etc., and giving the global economy a patina ...
US tax havens – the new Switzerland
May 9th, 2016
America is a magnet for offshore wealth, notably South Dakota, which has guaranteed secrecy In an old discount store hugging a corner in downtown Sioux Falls, South Dakota, the heirs to the William Wrigley chewing gum fortune have an office for ...
T-TIP: Salvation or trash-tip?
May 9th, 2016
President Obama weighed into the Brexit debate on his recent visit to the UK, saying that if Britain left the EU, she would be at the back of the queue when it comes to a free trade agreement. If ...
Gaming preferences and payment methods across the world
May 9th, 2016
The Internet has introduced new levels of comfort and convenience to contemporary society. Online, we can avoid suffering in long queues, stressing over decisions, or wasting time looking for something specific. Even children know that almost everything you could ...
Oil prices dip as strong dollar outweighs supply disruptions
May 6th, 2016
Oil prices fell on Friday, dragged down by a surging dollar and sliding Chinese commodities which at least temporarily outweighed crude supply disruptions in Canada as a result of a massive wildfire threatening its huge oil sands operations. The ...
US arrests Panama’s Nidal Waked, accused of laundering Colombian and Mexican drug cash
May 6th, 2016
Authorities have arrested a prominent Panama businessman and dismantled an empire of banking, real estate and retail businesses that the U.S. says were part of a top worldwide money-laundering organization for drug traffickers. The coordinated operation was announced Thursday ...
Asian Stocks Sink to Four-Week Low as Yen Gains; Aussie Slides
May 6th, 2016
Australian bonds surge as RBA cuts inflation forecast Oil near $44, poised for first weekly decline in a month Asian stocks dropped, set for the biggest weekly loss since February, and the yen rose before key American jobs data ...
Stocks open higher as oil spikes
May 5th, 2016
U.S. stocks look set to get back on the winning track as equity prices opened higher Thursday, helped by a spike in oil prices caused by production outages in Canada due to wildfires. The Dow Jones industrial average kicks off trading ...
Why Europe Just Dropped the €500 Bill
May 5th, 2016
High-denomination currencies are falling out of favor. The European Central Bank announced on Wednesday it will phase out €500 notes. Depending on who you ask, the controversial move will either make life harder for money launderers and other criminals ...
Investment pros wary of robo-advisor threat
May 4th, 2016
Investment professionals around the world expect robo-advisors to start replacing humans in the mass affluent market, but are far less concerned that computers will oust them from their work with higher net worth clients. Of 775 investment pros surveyed ...
