The Securities and Exchange Commission (SEC) has ruled that the Chinese affiliates of the Big Four accounting firms (Ernst & Young, KPMG, PricewaterhouseCoopers, and Deloitte Touche Tohmatsu) may not audit US listed companies, a decision that will create significant difficulties for Chinese companies listed in the US and US companies with major Chinese operations, reports Kathy Chu for The Wall Street Journal.
A significant proportion of Seth Klarman's year-end letter to Baupost's investors is devoted to the billionaire investor's thoughts on the current political climate in the United States. He says that... read more
Global merger and acquisitions (M&A) activity is gaining speed with last quarter’s $805 billion in announced deals topping the $650 billion quarterly average over the last five years, as... read more
As a Senate panel debates what to do about high frequency trading, the IEX trading venue, the featured hero in the Michael Lewis book Flash Boys that lit a torch on... read more
Terming returns from equities and fixed income over the past 30 years as a “historical anomaly,” the McKinsey Global Institute forecasts that average returns for equities and fixed income... read more
What starts as a few observations turns into a deep analysis of market liquidity from Oaktree Capital chairman Howard Marks read more
For the first time, the multilevel marketing company, Herbalife Ltd. (NYSE:HLF) spent $1.34 million in 2013 on lobbying in Washington D.C. According to Michelle Celarier of the New York Post,... read more
U.S. PE Investment In Southeast Asia More Than Doubles Since 2013 As part of a U.S.-ASEAN (Association of Southeast Asian Nations) summit that kicked off earlier this week, President Barack... read more
Venezuela is a nation spinning out of control. With the oil-dependent economy down as much as the price of oil in 2014, the nation’s economic central planners, ignoring core... read more
While rates are anticipated to rise on the short end of the yield curve, notes a recent Credit Suisse research report, don’t anticipate the long end to go along... read more
Judging by today’s report of TOTAL S.A. (EPA:FP) (NYSE:TOT) buying a stake in Kurdistan oil blocks, the steady trickle of companies signing up with the Kurds may soon become a... read more
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