Hong Kong’s securities regulator has fined Goldman Sachs’s Asia business a record $350m for serious deficiencies in risk compliance and money laundering controls in relation to Malaysia’s 1MDB. The Hong Kong fine is the first of more than $2bn of new penalties set to be announced on Thursday as regulators from the US to the
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(L-R) Lloyd Blankfein and David Solomon attend NYSCF Annual Summer Cocktail Reception at Private Residence on July 15, 2016 in Sagaponack, NY. Sean Zanni | Patrick McMullan | Getty Images Goldman Sachs is moving to claw back tens of millions of dollars in compensation it’s paid executives including CEO David Solomon and former CEO Lloyd
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authentic medieval beautiful villages (borgo) of Italy getty Italy’s region of Emilia Romagna is paying people under 40 up to €30,000 to move to its mountain towns and buy or restore a house, in a bid to revamp depopulated areas.  The goal is to breathe new life into off-the-radar places where living conditions are tougher
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The CEO of real estate brokerage Redfin told CNBC on Thursday he anticipates the coronavirus pandemic-driven boom in the housing market will persist into next year. Existing home sales increased 9.4% in September, surpassing expectations, and the median purchase price rose nearly 15% year over year, according to data released earlier Thursday by the National Association of
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Malaysia’s vast tropical jungles are becoming a big tourist draw, but expats cluster around its two biggest cities: Kuala Lumpur and George Town, both on the west coast of the Malay Peninsula. George Town is an island city just across a channel from the mainland, and it is a big draw when expats living in
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Puerto Rico’s employment numbers continued to improve in September. According to the U.S. Bureau of Labor Statistics household survey total employment in September was up 0.25% from August and 1.6% from April. The bureau also collects an establishment survey of nonfarm employment, called Current Employment Statistics, which showed employment was up 7% since April. It
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An index mutual fund is a type of fund that invests all, or nearly all, of its total assets in securities comprising its underlying index. Index funds use passive investment strategies and thus tend to have low turnover and low expense ratios. Funds that implement indexing strategies require less portfolio management and active trading, which minimizes
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China is promising preferential access to its Covid-19 vaccines to countries across Asia, Africa and Latin America, as Beijing uses inoculations as a new tool to bolster its ties with nations neglected by the US. Wang Yi, China’s foreign minister, has spearheaded the effort, pledging that Malaysia, Thailand, Cambodia and Laos will be among the
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Dividends per share (DPS) is the sum of all dividends a company pays out over a fiscal year divided by the number of outstanding shares. It is used to share a company’s profits with its shareholders. Causes of Decreased Dividends per Share Some of the reasons a company’s DPS may decrease include reinvestment in a
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Companies controlled by one of New York’s most prominent hotel developers received millions of dollars in loans from a government program intended to support small businesses as the coronavirus hammered the economy. At least eight businesses owned by Sam Chang received between $2.8 million and just over $7 million in federal small business loans, according
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Author’s note: This article was previously released to CEF/ETF Income Laboratory members on Oct. 12, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to
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Donald Trump’s handling of the US economy is no longer benefiting his candidacy just weeks before election day, with a Financial Times poll finding more Americans believe the president’s policies are hurting rather than helping the recovery. The final monthly survey of likely voters before November 3 for the FT and the Peter G Peterson
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Basel III—also referred to as the Third Basel Accord or Basel Standards—is a 2009 international regulatory accord that introduced a set of reforms designed to improve the regulation, supervision, and risk management within the international banking sector. Basel III required that banks maintain proper leverage ratios and keep certain levels of reserve capital on hand.
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