Financial watchdogs in Europe and Asia are investigating Standard Chartered Plc over the transfer of $1.4 billion of private bank client assets from Guernsey to Singapore ahead of new tax transparency rules, according to a source familiar with the matter. The Monetary Authority of Singapore (MAS) and Guernsey’s Financial Services Commission are looking into the […]
Read moreA new party led by Tokyo Governor Yuriko Koike unveiled its election platform on Friday, pledging to prevent a planned sales tax hike and debate revising Japan’s pacifist constitution. Koike’s Party of Hope, which is challenging Prime Minister Shinzo Abe’s ruling coalition in the Oct. 22 national election, also vowed to end nuclear power by […]
Read moreSaudi King Salman said there was consensus with Russia’s leadership on broadening the scope of relations between the two countries following a meeting with President Vladimir Putin in Moscow, the Saudi state press agency reported on Friday. “We note with complete full satisfaction the matching opinions we sensed from the Russian leadership towards working to […]
Read moreBritish Prime Minister Theresa May should call a leadership election and as many as 30 of her lawmakers support telling her to go, former Conservative Party chairman Grant Shapps said on Friday. “I think she should call a leadership election,” Shapps told BBC Radio 5 live. “The writing is on the wall.” Shapps, who chaired […]
Read moreCNBC’s Jim Cramer actually gets worried when Wall Street analysts “throw in the towel” on given stocks for one reason or another. “Why do these towel-throwers scare me? You might think it’s always a good thing when the bears surrender or the bulls lose patience, but if the stock market does take a downturn — […]
Read moreFacebook‘s problems could only get worse, as the full scope of how Russia used the social networking site are not yet fully known, said Roger McNamee. McNamee, co-founder of Elevation Partners, was an early investor in Facebook and Google. He has been at times a vocal critic of the tech companies. With billions of users, […]
Read moreAs oil exports from the United States reach record highs, Mark Siegel, the executive chairman of Patterson-UTI Energy, told CNBC that the trend shouldn’t worry commodity-watchers. “I think everybody starts to think that there’s an abundance whenever somebody’s starting to do well,” Siegel told “Mad Money” host Jim Cramer in an exclusive interview on Thursday. […]
Read moreCNBC’s Jim Cramer actually gets worried when Wall Street analysts “throw in the towel” on given stocks for one reason or another. “Why do these towel-throwers scare me? You might think it’s always a good thing when the bears surrender or the bulls lose patience, but if the stock market does take a downturn — […]
Read moreAs the Dow Jones industrial average continues to reach intraday all-time highs, CNBC’s Jim Cramer decided to look back at the stocks that drove the index’s gains in the third quarter. The Dow increased by 4.9 percent in the third quarter as the stock market avoided a historically typical September downturn, so the “Mad Money” […]
Read moreGeneral Electric has eliminated corporate cars for senior executives as the company looks to shave more than $2 billion in costs by the end of 2018 under new CEO John Flannery, a source told CNBC. Execs were informed via email that their leases will be only be good through the end of 2018. A GE […]
Read more