Aaron

Aaron A Day is a well-traveled advocate for the offshore lifestyle, bringing a wealth of knowledge and a global perspective to readers seeking insights on international living and investment strategies. Based in Vancouver, he continues to inspire through his passion for exploring the financial frontiers beyond borders.

Asia becomes haven for US hedge funds

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A growing number of US hedge funds are setting up offshore, especially in Asia, as the maturing industry becomes increasingly global and funds look beyond US borders in a bid to boost waning returns. Bear Stearns plans to launch a $450m fund investing in hedge funds that specialise in Asian markets, according to several industry … Read more

The power of the money changers

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money changersForeign exchange is where politics, economics and business are quantified every second of every day

Toronto — It’s 6:15 a.m. on the first Friday of the month. In a few hours, U.S. non-farm payrolls will be released, the single most influential event in global currency markets each month.

On Canada’s largest trading floor, George Davis, Royal Bank of Canada’s chief foreign exchange technical analyst, is one of the first to arrive. At his desk, facing a row of toy racing cars, he studies news out of Asia and Europe and begins a morning note to clients.

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Beijing Tianhong Turns To Foreign Investors

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By Federica Bianchi – BEIJING (Dow Jones)–Beijing Tianhong Real Estate Development and Management Corp., a subsidiary of Tianhong Group, Beijing’s largest real estate developer, is starting to cooperate with foreign investors on individual residential housing projects after the government tightened credit resources for construction. “We are teaming up with several investors that don’t necessarily have … Read more

A hedge against forex exposure

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When Beijing announced the 2.1 per cent revaluation of the renminbi late on July 21, traders at Deutsche Bank in Singapore had to rejig their plans for the evening to set-up the hedge against forex exposure. “It was chaotic because everyone had already left the office,” says Mirza Baig, currency strategist at Deutsche. “Traders had … Read more

Red China’s Wrong Moves

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COLORADO SPRINGS, COLO. – While serving on the executive board of the Asian Development Bank under the first President George Bush, I consistently called for China to “bite the bullet” and privatize its state-owned companies as soon as possible. Representatives from European and other Asian countries would just shake their heads and mutter about impatient … Read more

Singapore, new tax haven for offshore investors

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WORLDWIDE THERE are over 70 tiny tax haven destinations that offer no-tax or low-tax status. Among these destinations different jurisdictions tend to be havens for different types of taxes, and for different categories of people or companies. India and Mauritius executed the Double Taxation Avoidance Agreement (DTAA) in 1982 with the sole purpose of mutually … Read more

Silicon Valley’s Risky Complacency

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Innovation is not a birthright — it requires continuous effort to renew and reinvigorate, something startups in China and India understand Last year, we were sitting across from a prominent Indian business executive in one of Bangalore’s leading software companies. In the middle of the conversation, his body tensed and, looking intently at us, he … Read more

Who’s Afraid of China Inc.?

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WILLIAM A. REINSCH, an avowed free trader, welcomes China’s rising stature in the international economy. After all, he is the president of the National Foreign Trade Council, an organization founded in 1914 to promote an “open world trading system.” Indeed, when he was a senior trade official in the Clinton administration, Mr. Reinsch was chided … Read more

New Directives Threaten to Eliminate Tax Haven Status of Monaco, Andorra

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Media reporting of an EU tax directive, effective from July 1, suggests the European tax haven status of Monaco and Andorra could be under threat. Tribune Properties contend that the real incentive for people moving to Monaco and Andorra remains intact – no income and inheritance taxes. (PRWEB) July 27, 2005 — Media reporting of … Read more