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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

The Wall Street Journal

U.S. Rejects New European Dirty-Money Blacklist

Thu, Feb 14, 2019

The revised list, released Wednesday, results from efforts by the EU to tighten longstanding measures against money laundering and terrorism financing since the publication of the Panama Papers in 2016, which revealed how global elites avoided taxes or laundered money through offshore shell companies....

Europe's Biggest Job Opening in Years: President of the ECB

Mon, Feb 11, 2019

Europe’s faltering economy and fractious politics are complicating the region’s biggest personnel question in years: Who will replace Mario Draghi as president of the European Central Bank? ...

TheGlobal Boom, Barely Begun, May Be Over

Wed, Jan 23, 2019

A year ago the world looked like it would finally return to the boom times it enjoyed before the global financial crisis. Now, the boom may be over before it even started. ...

China Casts Shadow Over World's Largest Index Provider

Mon, Feb 04, 2019

Last summer, MSCI added stocks in China to one of its most prominent global benchmarks, leading billions of dollars to flow into Chinese shares and advancing China’s plans to draw more foreign investors to its markets. ...

Australia to Add Muscle to Regulators After Bank Probe

Mon, Feb 04, 2019

Australia plans to hand financial regulators new powers of enforcement following a year-long probe into misconduct in the country’s banking industry, which long had a reputation for being among the world’s safest for investors....

China's Urban-Rural Divide

Tue, Feb 05, 2019

Chinese urban consumption has slowed rapidly, but rural consumers are doing well. That explains some of the media Sturm und Drang around Chinese consumers, but also hints at potential problems ahead. ...

Strong Economy, Cheap Money Boost Commercial Property Market

Tue, Feb 05, 2019

A strong economy helped lift commercial real-estate sales to near-record levels last year, and many investors are counting on low interest rates to keep sales going in 2019. ...

Billionaires, Luxury Hotels Discover Japan's Aspen

Tue, Feb 05, 2019

Niseko in Japan’s snowy northern island of Hokkaido is emerging as Asia’s answer to Aspen and St. Moritz, drawing billionaires to its slopes and, soon, global hotel brands like Park Hyatt, Ritz-Carlton and Aman. ...

Europe Has America's Globalization Problems on Steroids

Wed, Feb 06, 2019

Two decades after the launch of Europe’s single currency, the eurozone is again flirting with recession. It is fashionable to blame the euro, but even the most radical currency reforms wouldn’t solve the continent’s biggest underlying problem....

Blackstone Retreats From Africa Investment Plan

Tue, Feb 05, 2019

Blackstone Group, the world’s largest private-equity firm, has pulled back on a plan to invest billions of dollars across Africa, the latest U.S. investor to temper its ambitions on the continent. ...