Us Companies Offshoring
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Binance CEO's Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC
Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion (nearly Rs. 90,890 crore) of client assets through a Seychelles-based firm set up to take customer deposits, a US Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a US court to freeze Binance's US asse...
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Coinbase Launches International Exchange for Crypto Derivatives Amid Rising Tensions with US Regulators
Coinbase Global launched an international exchange for cryptocurrency derivatives on Tuesday, as the company looks to expand its global footprint amid escalating tensions between the crypto sector and regulators in the United States.
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Trump To Add China Chipmaker, Oil Company To Defence Blacklist: Report
The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.
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Trump to Add Chinese Chipmaker SMIC to Defense Blacklist: Sources
The Trump administration could add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors. This could escalate tensions between US and China weeks before President-elect Joe Biden takes office.
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Facebook Faces US Tax Court Trial Over Ireland Offshore Deal
Facebook is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world's largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland.
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Good Days For India Inc In Foreign Loan Market May Soon End: Report
Companies may get cheaper borrowing costs through the club arrangements. But doing so makes them reliant on a smaller group of banks, creating the risk that any shift in those lenders' willingness to extend funds could hamstring the firms.
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Donald Trump To Seek Advice Today From Firms Offshoring Work To India, Others
President Donald Trump, who has vowed to stop US manufacturing from disappearing overseas, will seek job-creation advice today from at least five companies that are laying off thousands of workers as they shift production abroad. Caterpillar Inc, United Technologies Corp, Dana Inc, 3M Co and General Electric Co, are offshoring work to Mexico, China...
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Why Trump's Threats May Not Stop Offshoring Of US Jobs
Some companies said Trump's broadside was not sufficient to compel a change in plans.
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Trump Warns Of 'Retribution' For Companies That Offshore Jobs, Threatens 35% Tax
Trump declared that he intends to incentivize businesses to stay in America by lowering corporate taxes and slashing regulations, two key components of his economic agenda.
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Trump Pledges 'Consequences' For US Firms Moving Offshore
President-elect Donald Trump on Thursday warned that the government would punish companies seeking to move operations overseas with "consequences," setting the stage for an unusual level of intervention by the White House into private enterprise.
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Journalists Will Not Share Panama Papers With US Justice Department
The media group that coordinated the Panama Papers investigation into offshore companies said on Thursday it would not participate in a criminal probe by the US Department of Justice.
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Rolta India Rejects US Research Firm's 'Capex Fraud' Claims
California-based Glaucus Research, well known for shorting stocks, issued a "strong sell" report on software firm Rolta India, saying the company does not produce free cash flow and cannot repay offshore bondholders without refinancing.
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BP 'Grossly Negligent' in 2010 US Spill, Fines Could be $18 Billion
A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history.
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Global M&A at Seven-Year High as Big Corporate Deals Return
Corporate buyers did not shy away from going hostile if their targets proved unwilling to sell, while more US companies rushed to buy overseas peers to lower tax rates and access cash held offshore in a practice known as inversion.
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Companies' debt sale dips 19.5% to $52 billion; overseas bonds up 60% at $16 billion
The offshore US dollar-denominated bond sale by domestic companies touched a record $12 billion, up 47 per cent after surpassing last year's record annual volume of $8.1 billion, according to a report.
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Binance CEO's Trading Firm Received $11 Billion via Client Deposit Company, Claims SEC
Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion (nearly Rs. 90,890 crore) of client assets through a Seychelles-based firm set up to take customer deposits, a US Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a US court to freeze Binance's US asse...
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Coinbase Launches International Exchange for Crypto Derivatives Amid Rising Tensions with US Regulators
Coinbase Global launched an international exchange for cryptocurrency derivatives on Tuesday, as the company looks to expand its global footprint amid escalating tensions between the crypto sector and regulators in the United States.
-
Trump To Add China Chipmaker, Oil Company To Defence Blacklist: Report
The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.
-
Trump to Add Chinese Chipmaker SMIC to Defense Blacklist: Sources
The Trump administration could add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors. This could escalate tensions between US and China weeks before President-elect Joe Biden takes office.
-
Facebook Faces US Tax Court Trial Over Ireland Offshore Deal
Facebook is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world's largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland.
-
Good Days For India Inc In Foreign Loan Market May Soon End: Report
Companies may get cheaper borrowing costs through the club arrangements. But doing so makes them reliant on a smaller group of banks, creating the risk that any shift in those lenders' willingness to extend funds could hamstring the firms.
-
Donald Trump To Seek Advice Today From Firms Offshoring Work To India, Others
President Donald Trump, who has vowed to stop US manufacturing from disappearing overseas, will seek job-creation advice today from at least five companies that are laying off thousands of workers as they shift production abroad. Caterpillar Inc, United Technologies Corp, Dana Inc, 3M Co and General Electric Co, are offshoring work to Mexico, China...
-
Why Trump's Threats May Not Stop Offshoring Of US Jobs
Some companies said Trump's broadside was not sufficient to compel a change in plans.
-
Trump Warns Of 'Retribution' For Companies That Offshore Jobs, Threatens 35% Tax
Trump declared that he intends to incentivize businesses to stay in America by lowering corporate taxes and slashing regulations, two key components of his economic agenda.
-
Trump Pledges 'Consequences' For US Firms Moving Offshore
President-elect Donald Trump on Thursday warned that the government would punish companies seeking to move operations overseas with "consequences," setting the stage for an unusual level of intervention by the White House into private enterprise.
-
Journalists Will Not Share Panama Papers With US Justice Department
The media group that coordinated the Panama Papers investigation into offshore companies said on Thursday it would not participate in a criminal probe by the US Department of Justice.
-
Rolta India Rejects US Research Firm's 'Capex Fraud' Claims
California-based Glaucus Research, well known for shorting stocks, issued a "strong sell" report on software firm Rolta India, saying the company does not produce free cash flow and cannot repay offshore bondholders without refinancing.
-
BP 'Grossly Negligent' in 2010 US Spill, Fines Could be $18 Billion
A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history.
-
Global M&A at Seven-Year High as Big Corporate Deals Return
Corporate buyers did not shy away from going hostile if their targets proved unwilling to sell, while more US companies rushed to buy overseas peers to lower tax rates and access cash held offshore in a practice known as inversion.
-
Companies' debt sale dips 19.5% to $52 billion; overseas bonds up 60% at $16 billion
The offshore US dollar-denominated bond sale by domestic companies touched a record $12 billion, up 47 per cent after surpassing last year's record annual volume of $8.1 billion, according to a report.
