28th July 2016
The Shanghai Composite Index fell 58.17 points today to its closing level of 2,992.00, for a decline of 1.91 percent. There was power behind the decline: Volume was very heavy by recent standards, at 280.16 million. Lately the Shanghai bourse has been handling volume between 150 and 175 million shares. Read More
27th July 2016
Single-family offices are increasing in number as well as in the amount of wealth they control. This is a function of the explosive growth in the ultra-wealthy and the super-rich (net worth = US$500 million or more). The billions of dollars they invest, coupled with their worldwide presence and transnational… Read More
25th July 2016
In almost all cases, shadow lending is kept off the banks’ balance sheets. The takeover tussle embroiling top Chinese developer China Vanke has unveiled how local banks are increasingly exposed to highly volatile domestic stock markets through risky shadow lending products that mask their worsening asset quality. In their hunt… Read More
13th July 2016
New Zealand said on Wednesday it will introduce a registry of foreign trusts that local tax and law enforcement agencies could use to investigate suspected money laundering and tax evasion. The registry was recommended after an independent review by accountant John Shewan last month, in the wake of the Panama… Read More
29th June 2016
I’ve been investigating corruption in the oil, gas and mining industries for nearly 20 years, and today feels historic. Here’s why: on Monday, the U.S. Securities and Exchange Commission (SEC) announced a landmark transparency rule which requires U.S.-listed companies in these industries to publish details of the payments they make… Read More
18th April 2016
An international fraud investigation raises vexing questions. Read More