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News & Updates

August 19, 2015 OPEC's ‘Fragile Five’ Face Rising Cost in the Fight for Oil Market Share

Source: Bloomberg

As oil prices slump to six-year lows, the risks of worsening political turmoil are rising in the organization’s most vulnerable nations. This includes Algeria, Iraq, Libya, Nigeria and Venezuela, a group dubbed the ‘Fragile...

August 19, 2015 Japan Trade Deficit Widens as Export Growth Slows

Source: ABC News

Japan's trade deficit widened to its largest level in five months in July, adding to worries over the recovery amid weakening demand in China for chemicals, machinery and electronics.

August 19, 2015 Chinese stocks go on wild ride as economic gloom deepens

Source: Reuters

Chinese stock markets took a wild ride on Wednesday, tumbling and soaring in a session that made little sense other than to highlight that investors have almost no faith in a month-long government effort to stabilize them.

August 19, 2015 California's Drought Will Cost The State $2.74 Billion This Year, Report Finds

Source: Huffington Post

SACRAMENTO - California's ongoing drought will cost the economy in the most populous U.S. state an estimated $2.74 billion in 2015 and lead to the loss of 10,000 seasonal farm jobs, despite overall health in the state's...

August 18, 2015 Another terrible quarter puts Japan's recovery in question

Source: CNN Money

Hong Kong — Japan's economy contracted in the second quarter, a result that raises questions about the ambitious stimulus plan championed by Prime Minister Shinzo Abe.

August 18, 2015 U.S. oil prices fall to over 6-yr lows as demand outlook weakens

Source: Reuters

SINGAPORE - U.S. oil prices fell to their lowest in more than six years on Tuesday as traders braced for lower refinery consumption after the U.S. summer, while Asia's weakening economies and high global production stoked...

August 18, 2015 Singapore bankers rattled by Asian moves to chase undeclared wealth

Source: Reuters

Singapore-based wealth managers, already under pressure from a global move towards tax information sharing, face a more immediate threat as Asian countries including Indonesia and India look to chase undeclared money in the...

August 18, 2015 Tsipras likely to call confidence vote after party revolt

Source: Reuters

The Greek government appears likely to call a confidence vote following a rebellion among lawmakers from the ruling Syriza party over the country's new bailout deal, senior ministers said on Monday.

August 18, 2015 IRS hack twice as large as originally believed

Source: USA Today

A hack of the Internal Revenue service first reported in May was twice as large as previously stated, the agency said Monday. The thieves may have accessed as many as 330,000 taxpayer accounts, the IRS said.

August 17, 2015 Merkel says she expects IMF to take part in Greek bailout

Source: Reuters

German Chancellor Angela Merkel tried to reassure skeptical lawmakers on Sunday that the International Monetary Fund would take part in a new bailout for Greece, before a parliamentary vote in which many of her conservatives may...

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