Finance and Economy
Two years ago, ICBC, the largest and most valuable bank in the world by total assets and market capitalization, was planning to open a clearing bank in Russia for trade settlements in Yuan (Renminbi) and Rubles. ICBC’s business involvement include electricity, mining, chemical, oil and gas, telecommunication, retail, machinery and metallurgy sector in Russia. […]
... written on Apr 03 2017British Prime Minister Theresa May had signed, sealed and delivered the historical letter which triggers Article 50 of the EU’s Lisbon Treaty – officially withdrawing from the European Union. The letter dated 29 May, 2017 effectively gives United Kingdom a 2-year window in which to negotiate a new treaty to replace the terms of EU […]
... written on Mar 31 2017Just minutes before House lawmakers were scheduled to vote on the Republican healthcare plan; House Speaker Paul Ryan called off the vote. Apparently, Republicans did not have enough votes (20 votes shy of the minimum 216) to pass the bill, which would have replaced former President Obama’s Affordable Care Act, popularly known as Obamacare. But what […]
... written on Mar 27 2017At a time when 33% Americans say they would have trouble coming up with an emergency US$2,000, any sign of economy trouble is devastating. For the first time since the U.S. 2016 Presidential Election, markets have slammed the brake for an emergency stop when the Dow Jones dropped 237.85 points, or 1.14%, drop. The […]
... written on Mar 22 2017After signing a revised executive order banning foreign nationals from 6 Muslim-majority countries from travelling to the United States for 90 days, Trump administration now has a new surprise for travellers from Muslim countries. Up to 10 airports from 8 Muslim-majority countries will be affected by the latest ban. Nope, this is not another […]
... written on Mar 21 2017Denmark is no longer the world’s happiest country. From fourth place last year, Norway has jumped to take over the place as the new happiest nation on planet Earth. Three-time winner Denmark was bumped to second place. Of the 155 countries ranked; Rwanda, Syria, Tanzania, Burundi and Central African Republic were the top-5 least happy […]
... written on Mar 21 2017An EIN, or Employer Identification number, serves as the tax ID for a variety of businesses, corporations, and organizations. Here are some advantages of filling for your EIN online: Speed: One of the major benefits to obtaining your EIN online is speed. You can apply for an EIN online through the IRS website, or […]
... written on Mar 21 2017The annual meeting of 20 finance ministers from the world’s top 20 leading economies this year has raised millions of eyebrows. The traditional scripts would normally see a pledge supporting globalization and free trade, while opposing all forms of tariffs and rejecting protectionism. Just when globalists and liberalists expect the leaders to stand up, they […]
... written on Mar 20 2017Trump warned Beijing that he would slap tariffs up to 45% on import from China. Xi Jinping asked the U.S. president what he wants. Washington said they want Beijing to stop its neighbour’s fat boy from playing with nuclear and missiles. The Chinese argued they can’t tell the naughty boy what to do in his […]
... written on Mar 19 2017Cathay Pacific, the flag carrier of Hong Kong, is in trouble. Headquartered at Hong Kong International Airport, Cathay used to be the world’s best airline. From in-flight entertainment to kids’ meals to friendly staff to lounges, everything was awesome. That’s because they charge awesome price to fly with them. Over the time, Cathay Pacific […]
... written on Mar 18 2017
