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Leaked records open a ‘Pandora’ box of financial secrets of hundreds of the world’s elite and corrupt - The Globe and Mail Oct 3rd
Leaked records open a ‘Pandora’ box of financial secrets of hundreds of the world’s elite and corrupt The Globe and MailPandora papers: Leaked records reveal secrets CTV News'Pandora Papers': Leaked records reveal financial secrets of world leaders, politicians .... More »
Weekend Reading – Nuking the mortgage market, costly add-ons, VOIP and more Oct 22nd
Learn, save, invest and prosper with My Own Advisor.
Welcome to my latest Weekend Reading edition. Hope you’re enjoying your weekend so far…
Earlier this week I shared this update:
2016 Predictions October Update
I also provided this dividend income update – a new milestone was .... More »
It’s RRSP season. Don’t forget rule No.1! + MORE Feb 1st
Whatever route you choose, just be sure you save for retirement, writes Gordon Pape..... More »
How life insurance brokers get paid Mar 25th
A life insurance broker gets paid to provide you with the best life insurance coverage for your needs. But how does the process work? To answer that, we’ve outlined what insurance brokers do, how insurance brokers get paid (by you and/or the provider?), and how to spot a great broker, so you can e.... More »
China’s February exports plunge 18.1 per cent in sign of weak demand; imports rise 10.1 per cent + MORE Mar 8th
BEIJING, China – China’s exports plunged by an unexpectedly large 18 per cent in February, possibly denting hopes trade will help drive the slowing economy while communist leaders push ambitious promised reforms.
Exports declined to $114.1 billion while imports rose a stronger-than-expec.... More »
JPMorgan investigated for China hiring
– canadianbusiness.com
NEW YORK, N.Y. – U.S. regulators are looking into whether JPMorgan Chase hired the children of Chinese officials to help it boost its business in China, The New York Times reported.
The Times said Sunday that details of the civil investigation were in a confidential U.S. government document that it saw. According to the document, the anti-bribery unit of the Securities and Exchange Commission asked JPMorgan for records about some of the bank’s hires in China.
According to the Times, the document shows that the bank hired the son of a former Chinese banking regulator who is now chairman of the China Everbright Group, a state-controlled financial conglomerate. The paper reported that after the chairman’s son joined the bank, JPMorgan won several assignments from Everbright.
JPMorgan’s Hong Kong office also hired the daughter of a Chinese railway official. The official was later detained on accusations of taking cash bribes in exchange for handing out government contracts, the Times reported, citing the U…
The Times said Sunday that details of the civil investigation were in a confidential U.S. government document that it saw. According to the document, the anti-bribery unit of the Securities and Exchange Commission asked JPMorgan for records about some of the bank’s hires in China.
According to the Times, the document shows that the bank hired the son of a former Chinese banking regulator who is now chairman of the China Everbright Group, a state-controlled financial conglomerate. The paper reported that after the chairman’s son joined the bank, JPMorgan won several assignments from Everbright.
JPMorgan’s Hong Kong office also hired the daughter of a Chinese railway official. The official was later detained on accusations of taking cash bribes in exchange for handing out government contracts, the Times reported, citing the U…
T.J. Rodgers: Targeting the Wealthy Kills Jobs
– online.wsj.com
My investment in my company helps maintain 3,470 permanent positions. What’s not ‘fair’ about that?
Asian stock markets flat as traders ponder a likely phase out of Fed stimulus program
– canadianbusiness.com
BANGKOK – Asian stock markets were little changed Monday as traders weighed the consequences of an anticipated phasing out of the U.S. central bank’s unprecedented stimulus program.
The Federal Reserve been aggressively buying government bonds to push down interest rates and return employment to normal levels after millions lost jobs in the recession that followed the 2008 financial crisis.
The Fed says the program has helped stimulate the economy by making it easier to buy homes and invest in businesses. The Fed has also said the program is not indefinite and will be phased out when the economy improves.
Recent economic data and public statements by Fed policymakers have led investors to conclude that the Fed will begin winding down its $85 billion a month in bond purchases starting as early as September. Falling bond yields in the U.S is one sign that traders believe the Fed’s move is imminent.
But analysts said a sharp increase in the cost of credit could stifle growth, which will make the transition tricky and could make stock markets shaky…
The Federal Reserve been aggressively buying government bonds to push down interest rates and return employment to normal levels after millions lost jobs in the recession that followed the 2008 financial crisis.
The Fed says the program has helped stimulate the economy by making it easier to buy homes and invest in businesses. The Fed has also said the program is not indefinite and will be phased out when the economy improves.
Recent economic data and public statements by Fed policymakers have led investors to conclude that the Fed will begin winding down its $85 billion a month in bond purchases starting as early as September. Falling bond yields in the U.S is one sign that traders believe the Fed’s move is imminent.
But analysts said a sharp increase in the cost of credit could stifle growth, which will make the transition tricky and could make stock markets shaky…
