The move on Anbang furthered President Xi Jinping's anti-corruption and de-leveraging campaigns. The takeover signals the country's determination to enforce regulations to support long-term growth rather than undisciplined rapid expansion, said Bloomberg Industry Analyst Steven Lam. Click here for
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If you are a fan of unintentional comedy, I recommend checking out the Financial Action Task Force. This is the global organization of big banks and government agencies dedicated to combating money laundering and terrorism finance. This week it met in Paris to discuss, among other things, whether or
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Billionaire investor Warren Buffett used his widely-read annual letter to Berkshire Hathaway Inc. shareholders on Saturday to again call out the wasteful fees that many money managers charge. He highlighted the risk of bonds and emphasized the importance of sticking with a simple investment strategy.
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The Supreme Court on Friday directed the Centre to constitute within two months a committee of experts in order to look into the functioning of the multinational accounting firms (MAFs) in India. This committee would have to submit a report on the issues highlighted by the court within three months
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A division bench of the Supreme Court of India headed by Justice A. K. Goel and Justice U. U. Lalit, on February 23 delivered a Judgement where they stated that there is a prima facie case that Multinational Accounting Firms (MAFs) are violating Indian Laws. This should come as a surprise as MAFs fall
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