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Citi and JPMorgan top list of globally systemic banks
November 22, 2016 by creative · Leave a Comment
By Huw Jones LONDON (Reuters) – Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability. The group of 20 economies (G20) agreed after the 2007-09 financial crisis that top banks, whose size and complexity mean a collapse could wreak havoc in markets, should hold extra capital, according to the level of risk they present. In the annual update of rankings published on Monday by the…
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Citi and JPMorgan top list of globally systemic banks
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Sneakers show limits of trade policy in reviving jobs for Trump
November 22, 2016 by creative · Leave a Comment
Consider the sneaker industry, one of the first to move to Asia because of the sharply lower cost of production in China and Vietnam. Nike Inc and its smaller, privately held rival New Balance Shoes Inc split over the question of whether the United States should back the Trans Pacific Partnership (TPP) trade deal.
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Sneakers show limits of trade policy in reviving jobs for Trump
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VW no longer expects tax demands in Germany related to diesel scandal
November 20, 2016 by publisher · Leave a Comment
Volkswagen does not expect the German government to make tax demands to cover revenue losses related to the carmaker's diesel scandal, a company spokesman said on Saturday. In Germany, motor vehicle taxes are tied to the
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VW no longer expects tax demands in Germany related to diesel scandal
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China pledges further opening as leaders scramble for free trade
November 20, 2016 by publisher · Leave a Comment
By Rosalba O'Brien and Kiyoshi Takenaka LIMA (Reuters) – Chinese President Xi Jinping pledged to open the economy further on Saturday as leaders of Asia-Pacific countries sought new free-trade options following Donald Trump's election to U.S. president on promises to scrap or renegotiate trade deals. All eyes were on China at this year's APEC summit in Lima, Peru just over a week after Trump's surprise victory in the United States …
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China pledges further opening as leaders scramble for free trade