This matters, because China's Minsky moment is coming. Bonds sold by local government financing vehicles, to fund projects for which municipalities have insufficient budgets, will start to mature this year. According to Bloomberg data, LGFVs have issued at least 4,000 bonds, totaling $168 billion
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In the past two years, I have provided a framework to value Berkshire Hathaway based on year-end book value, free of accounting distortions that affect its net income. I provide an updated valuation based on the company's recently released results for 2017. The recent reduction in the US corporate tax
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Oil purchases by some refiners in the world's biggest crude importer are being constrained as the firms assess the potential impact of a new tax system in China. A revamped tax rule that'll be implemented in March is spurring concern among the nation's independent processors, known as teapots, that it
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Foster holds a Masters in Accounting from the University of the West Indies (Mona), where he lectured Financial Accounting and Management in the Department of Management Studies and was the recipient of the prestigious Carlton Morrison Award from the Dean's Office of the Faculty of Social
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Crude held gains as Libya's crude exports from a key terminal were disrupted and Saudi Arabia's oil minister said OPEC and its allies may ease their output curbs next year without hurting the market. Futures in New York were little changed after rising 3 percent the previous two sessions. Libya's crude
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