Global Capital. Clear Intelligence.
Aaron TAX and regulatory burdens could pose a threat to British position as a leading global centre for asset management, according to a report released today. Currently the third-largest global centre for fund management, the UK’s £2.8 trillion industry could lose assets and jobs to low-cost rival centres, a study by the Investment Management Association and … Read more
April 2005 saw dynamic trade on the inter-bank foreign exchange market in China, with a robust month-on-month growth of 40 percent in average daily transaction volume, which reached US$1.282 billion. According to the Shanghai-based national forex swap center, turnover of the US dollar, the Japanese yen, the HK dollar and the euro, amounted to US$28.215 … Read more
Venture capital investment in China (Chinese VC) plunged by 43% to $165 million in first-quarter 2005, hit by legal uncertainties that a foreign exchange regulation created, according to a survey by Beijing-based consulting firm Zero2IPO Ltd. A total of 28 VC investors sank $165 million into 35 Chinese companies in the first quarter, of which … Read more
The remarkable aspect of the Macquarie model for investment banking is not the amount of wealth it generates for its executives, although that is remarkable, but how its development has turned the bank into probably the world’s best-performed and fastest-growing investment bank. The catalyst for transforming Macquarie from an Australian investment bank with limited offshore … Read more
The “invest offshore” message was loud and clear the other day, after news broke that somebody might have released foot-and-mouth disease on Waiheke Island. By the time you read this, the claim may have been proved a hoax. Here’s hoping so. If that’s the case, take warning from it. If it’s still not clear whether … Read more
NEW YORK (ResourceInvestor.com) — China in 2005 sounds a whole lot like Japan a decade earlier except the fracas this time is over monetary rather than trade policy. The value of the Chinese yuan, also known as the renminbi, has become critical to commodity fundamentals as well as equity valuations for companies targeted by China … Read more
MEXICO CITY – Mexican bank leader Grupo Financiero BBVA-Bancomer SA said it has launched a private bank Wednesday to provide comprehensive services for wealthy clients. “People don’t have to think about offshore institutions to get answers to their financial needs,” said Jaime Alvarez, who heads the private bank, in a release. The new bank will … Read more
Global venture capital funds slowed offshore investment into Chinese companies in the first quarter after the country’s foreign exchange regulator issued rules that may hinder international share sales and capital raising by China businesses. Chinese residents must for the first time get approval from the State Administration of Foreign Exchange before starting or investing in … Read more
Dubai: The Dubai Gold and Commodities Exchange (DGCX), which is expected to go live this year, will float a fully owned subsidiary to carry out the settlement of trades on the exchange. David Rutledge, chief executive officer of the Dubai Metals and Commodities Centre (DMCC), said the new clearing house being established by DGCX will … Read more