US signs cross-border cooperation agreement with Hong Kong
The US Securities and Exchange Commission (SEC) has entered into a memorandum of understanding on cross-border cooperation with the Hong Kong Securities and Futures Commission (SFC).
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US shares details of 35,000 accounts with Israel under Fatca
America’s Internal Revenue Service (IRS) has shared details of more than 35,000 US accounts held by Israeli citizens with the Israel Tax Authority (ITA), according to local media.
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Trump bump may have long legs – a bull’s view
The so called “Trump bump“, which sent the S&P 500 index of US shares to new highs at the end of last year, has caused many in the markets to become fearful of further gains, but Raymond James chief investment strategist Jeffrey Saut believes we may only be in the early stages of a bull…
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US fiduciary rule critic Scaramucci named in new Trump role
A leading critic of the Department of Labor’s (DoL) upcoming fiduciary rule, which will require pension advisers to act in the best interests of their clients, putting an end to high-commission investment products, has been named as an assistant to president-elect Donald Trump.
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Fatca here to stay as US becomes last global tax haven
The United States will become the last global tax haven as the Common Reporting Standard (CRS) comes into force, making a repeal of Fatca very unlikely, says Nuri Katz, chief executive and founder of Apex Capital Partners.
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US funds must disclose fees under DoL adviser reforms
US mutual funds will be required to fully disclose all their fees and asset allocation as a result of the Department for Labour’s (DoL) upcoming investment advice rule, according to the Securities and Exchange Commission (SEC).
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SEC charges US fund manager over $2.5bn pay-to-play scheme
A US pension fund manager has been charged by the Securities and Exchange Commission (SEC) for a $2.5bn (€2.3bn, £2.02bn) pay-to-play scheme, including cocaine and hookers.
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US equities ‘great again’ for Europe’s fund buyers
US equities are ‘great again’ for European investors. They funneled record amounts of money into the asset class in November, with value funds being especially popular.
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Which asset classes lost investors most money in 2016?
Thanks to the end-of-year ‘Trump rally’, 2016 has been a pretty good year for investors in risky assets. However, not all asset classes have fared so well.
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Which asset classes performed best in 2016?
2016 has been a remarkable year. The two best performing large equity markets this year are countries that have been mired in recession for years. At the same time, the stock market of the world’s fastest growing large economy has been delivering some of the lowest returns.
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Dollar rallies, gold falls on back of Fed’s ‘happy’ hike
The dollar surged this morning on the back of only the second Fed rate rise since the 2008 financial crisis.
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Russian stocks rally as Trump policy priorities take shape
The Russian equity market has bounced back remarkably in recent months. Is this just another symptom of the ‘Trump rally’, or are there other, more structural reasons for this revival?