These allegedly showed the financial routes used for the alleged bribes with money being wired to Hong Kong and Singapore, and bribes to Thai state officials to secure concessions and authorisations needed for gold mine explorations and operations, which Kingsgate still denied. Earlier in 2020, in ...
Wang Chunyang, economics professor at the Peking University HSBC Business School in Shenzhen, tells Asiamoney that foreign banks have fared better so far in betting on coastal cities, where markets are more developed and there is less corruption among local political and regulatory bodies. “You...
In 2023, Toyota Motor held foreign assets worth around 432.6 billion U.S. dollars, making it the leading non-financial multinational enterprise (MNE) from Japan based on foreign assets. Honda Motor ranked second with 158.5 billion dollars in foreign assets. ...
between exporting or investing horizontally (Carr et al.,2001; Bergstrand and Egger,2007). Considering that rising protectionism is also prevalent in trade policies, its impact on the foreign activities of MNEs is worth examining further. In addition, the different timing of IIA implementation across...
Before you head straight into your local bank branch to buy currency, it could be worth checking out a few alternatives. Banks tend to add a margin to what is known as themid-market or interbank exchange rate. This means they make money from the transaction, but it makes it more costly...
supposed “introductory” services and Lybian financial institutions purchased seven structured notes linked to funds managed by Permal that were worth approximately $950 million. Legg Mason agreed to disgorge approximately $27.6 million of ill-gotten gains and pay $6.9 million in prejudgment i...
Notes: Dom refers to domestic; All estimations include firm and industry (2-digit ISIC)*year fixed effects; All dependent variables are measured in their natural log of real value, except those in columns (1) and (6), which are in natural log of nominal numbers; errors are clustered at ...
worth. Any durable commodity could be used as currency. Shells, furs, teeth, beaver pelts, dried corn or buckskin (hence the term "buck" for dollar). As Niall Ferguson writes in the "Ascent of Money," the earliest known coins date to 600 B.C. and were found in the Temple of ...
Although cross-border acquisitions (CBAs) are prevalent, many such acquisitions fail to complete. This challenge is even more profound for emerging market
The bank staffer, who spoke on condition they not be named because they were not authorized to speak to media, said account holders were worried they would lose money since the exchange rate set by the central bank, 1,850 kyats per dollar, is below the prevailing black market rate of 2,...