Latest News for: Bank offshore

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China’s economic dominoes look worryingly wobbly

Asiatimes 18 Oct 2021
The Chinese economy grew slower, mainly because of policy challenges and a high base effect from last year’s third quarter,” says Iris Pang at ING Bank ... Hirson finds it significant, too, that the PBOC is cajoling banks to stabilize property-related lending and handle offshore debt problems in accordance with Beijing’s rule of law.
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The Brics never lived up to their promise – but is now the time to buy?

Moneyweek 18 Oct 2021
China is the only BRICs economy to prosper. © POOL/AFP via Getty Images ... But the reality hasn’t lived up to expectations ... The determination of the well-off in emerging economies to convert their savings into hard currency and, preferably, put them in an offshore bank or investment account should never be underestimated ... .
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Swiss account loot: Ghanaian media painted me black – Mahama laments

Ghana Web 17 Oct 2021
Former President John Dramani Mahama has lamented how he was given a raw deal by sections of the Ghanaian media over claims he had cash stashed in an offshore account ... According to him, claims that he has an offshore account where he stashes cash stolen during his tenure in government are lies.
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Banks promised to cut funding for Arctic oil drilling. Money flowed anyway

Live Mint 17 Oct 2021
A battle has broken out among investors, environmentalists and banks over those pledges ... Mark Carney, former head of the Bank of England and the U.N ... HSBC pledged to avoid project financing to new offshore oil-and-gas projects in the Arctic Circle area with sea ice, a smaller area than some other banks, in April 2018.
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Anwar asked to assist in MACC’s probe into Pandora Papers

Malaysia Today 17 Oct 2021
The ‘Pandora Papers’ exposé is related to private documents linked to rich and influential individuals around the world who have hidden their wealth using offshore companies and incognito bank accounts.
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A Ukrainian Oligarch Bought a Midwestern Factory and Let it Rot. What Was Really Going On?

Democratic Underground 17 Oct 2021
sanctions for “significant corruption” in Ukraine, is separately accused by the Justice Department and Ukrainian investigators of using a constellation of shell companies and offshore bank accounts to move millions in misappropriated funds out of Ukraine and into a series of real-estate investments in the American Midwest.
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How an Illinois Factory Became Ensnared in a Ukrainian Money-Laundering Probe

Politico 17 Oct 2021
sanctions for “significant corruption” in Ukraine, is separately accused by the Justice Department and Ukrainian investigators of using a constellation of shell companies and offshore bank accounts to move millions in misappropriated funds out of Ukraine and into a series of real-estate investments in the American Midwest.
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Debt-stricken China Evergrande suffers huge blow as US$1.7 billion deal to sell its Hong Kong headquarters collapses

Yahoo Daily News 16 Oct 2021
The decision to pull out came after the central bank criticised Evergrande for "poor management" at a media briefing on Friday in Beijing ... Evergrande faces a mountain of short-term borrowings, from bank loans to offshore bonds, totalling about 240 billion yuan (US$37.3 billion) due by the end of June next year.
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Anwar Ibrahim is unhappy govt not listening to him

Malaysia Today 16 Oct 2021
Anwar was also vexed that his application to debate the Pandora Papers — the leaked documents detailing the offshore bank accounts owned by key global figures, including Malaysian politicians — in Parliament has been rejected outright despite the possibility that they may be ...
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A web of deceit

The News International 16 Oct 2021
The culprits are not just those who hide their ill-gotten wealth in offshore companies; they are also big banks, financial advisers, accountants and legal experts who help them set these up ... The banking system devised by the rich and powerful is an integral part of this.
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FPIs, brokers, global banks ask FinMin for T+1 working group

The Times of India 15 Oct 2021
Offshore investors such as BlackRock and Fidelity, brokers including Bank of America and Societe Generale, and MNC banks - Citi, BNP and Deutsche - which act as custodians handling funds and securities on behalf of FPIs, comprised the group which put across the hurdles in ...
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Simon’s weekly wrap: Coal price boom not waning yet

Moneyweb 15 Oct 2021
This week MoneywebNOW looked at bank shares, PGMs, offshore stocks and more ... .
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Asian Art Museum reckons with Cambodian antiquities of disputed provenance

San Francisco Examiner 15 Oct 2021
On Oct. 3, the International Consortium of Journalists announced the receipt of millions of leaked documents detailing the offshore bank accounts of politicians, business leaders, billionaires and other powerful people ... These leaked documents are called the Pandora Papers ... authorities on multiple counts, but died before the trial last year ... (Kevin N.
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Top banks raise India’s flag in NDF market from GIFT City

The Times of India 18 Oct 2021
At least seven lenders, including Axis Bank, HDFC Bank and ICICI Bank ... Among the other major participants in the NDF trade are State Bank of India. , IndusInd Bank ... “Daily average volumes have surged for offshore OTC NDF trades during the onshore time," said Bhaskar Panda, executive vice president at HDFC Bank.
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Super-sized wind turbine race happening ‘too quickly’

BBC News 15 Oct 2021
Just four years ago, the maximum capacity of an offshore turbine was 8MW ... The UK currently has about 10.5 gigawatts (GW) of offshore wind capacity and this is set to quadruple by 2030 ... The UK's newest offshore wind projects, planned for Dogger Bank in the middle of the North Sea, are already set to use 13 and 14MW turbines.
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