Chinese lenders have cut their prime lending rate to try and prop up their country’s economy, which has been ravaged by the coronavirus, according to the Financial Times on Thursday (Feb. 20). S&P had previously warned China that it would face a surge of bad loans numbering...
The former CEO of defunct bitcoin exchange Mt. Gox is planning to appeal his conviction on data manipulation charges. Mark Karpeles said he decided to appeal because the Tokyo District Court did not fully look at his defense arguments in the Mt. Gox case. “During...
The value of debt held by U.S. corporations is now growing faster than the economy, and businesses are struggling to make their interest payments, according to a new report from the Institute of International Finance (IIF). Reports in Reuters on Thursday (Jan. 10) said IIF...
A new tax introduced as part of broader reform in the U.S. is frustrating multinational corporations, according to Tuesday (June 26) reports in The Wall Street Journal. The BEAT Tax, short for the Base Erosion and Anti-Abuse Tax, is designed to prevent businesses from moving their...
February 20, 2020
Chinese lenders have cut their prime lending rate to try and prop up their country’s economy, which has been ravaged by the coronavirus, according to the Financial Times on Thursday (Feb. 20). S&P had previously warned China that it would face a surge of bad loans numbering up to $1.1 trillion as a fallout from the effects […]
March 31, 2019
The former CEO of defunct bitcoin exchange Mt. Gox is planning to appeal his conviction on data manipulation charges. Mark Karpeles said he decided to appeal because the Tokyo District...
