Asia traded heavy with the yen making new recent highs in the continued flight to quality/safety. Interesting we have seen such a tight trading range as we near almost half year lows and in rather thin volume. The blame continues to be placed at the feet of geopolitical tensions, France’s upcoming elections and the uncertainty […]
SAC Capital, formerly known as Sirius Asia Capital, in Singapore was founded in 2004. It began as a corporate finance firm specializing in IPOs and corporate advisory. There has been some confusion that a different SAC Capital Advisors was located in Stamford, Connecticut and New York City while its legal headquarters was incorporated offshore in Anguilla, […]
It may sound crazy that an old currency is still being hoarded 16 years after the introduction of the euro. However, the Germans still have been hoarding Deutsche Marks and coins worth some 6.5 billion euros. Why? Germany never put a time limit upon when you had to swap out the old currency. About a third […]
The dwindling credit of Turkey and significant decline in its currency, has led to the new clever idea of confiscating gold with a smile. The Turkish Central Bank has come up with an idea of how to confiscate private gold while pretending they are helping you earn more money. Their objective is to make […]
The hunt for taxes has also been targeting international companies and arguing that the local operation in their country should pay more in taxes. One example is Rio Tinto (ASX, LON:RIO), the world’s second-biggest miner by market value. The Australian government handed them a A$447 million tax bill increasing a tax assessment in the new clever […]
