Finance

This Thursday, the Verkhovna Rada (the parliament of Ukraine) considers a historic proposal to replace 25-year-old foreign exchange legislation with an entirely new law that will open our country to international investors and make it easier for Ukrainian businesses to operate globally. Technical though it may seem, liberalization of our arcane foreign exchange controls will
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Former head of J.P. Morgan’s blockchain arm Amber Baldet has finally announced her next move. The former bank executive started a new blockchain company called Clovyr. “It’s a way to help people think differently about decentralized application design,” Baldet said Monday at the Consensus blockchain conference in New York. Baldet’s post-J.P. Morgan plans have been
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Other names include Microsoft and Qualcomm. Including HP, Dell and other companies that don’t break out their China revenues brings the total estimate to around $150 billion, the analysts said. The U.S.-China trade dispute has increasingly focused on technology and intellectual property rights. In mid-April, the U.S. Commerce Department banned American companies from selling components
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J.P. Morgan Chase & Co said on Monday it had appointed Mark Leung as the chief executive of its China business. A veteran who’s been with the bank for 21 years, Leung will manage onshore and offshore activities in the country. He started his career in rates derivatives trading and has held trading roles in
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The federal tax overhaul cut taxes for millions of American families and businesses. But the law also had an unintended effect: raising the state-tax bite in nearly every state that has an income tax. Now, governors and state legislators are contending with how to adjust their own tax codes to shield their residents from paying
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As part of the deal, Walmart will initially appoint five directors to Flipkart’s board, two directors will be named by minority shareholders while Bansal will take one board seat, according to the filing. Walmart said it may, in future, appoint a sixth board member with the approval of the majority of the Flipkart directors. It
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Lucas Jackson | Reuters Dropbox Inc. co-founder Drew Houston waits as Dropbox (DBX) is listed for the company’s initial public offering (IPO) at the Nasdaq Market Site in New York, U.S., March 23, 2018. Check out the companies making headlines after the bell: Shares of Dropbox slumped more than 1 percent in the extended session
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Abbie has enjoyed a brilliant start to her new job as a junior fund manager at AllianceBernstein, a $500bn investment group in New York. In her first three months she has handled thousands of bond trades worth nearly $19bn, never complaining, messing up or even taking a break. That’s because she is an algorithm. AllianceBernstein’s
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Check out the companies making headlines after the bell: Booking Holdings stock slumped 6 percent post-market. The travel and restaurant website company reported earnings and revenue that surpassed analyst estimates but those figures were overshadowed by weak guidance for the second quarter. Roku shares gained nearly 5 percent after hours. The smart TV streaming product
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The growth outlook for Asian economies remains strong, but the region is vulnerable to sudden tightening in global financial conditions, further market corrections and a shift towards protectionist policies, the International Monetary Fund (IMF) said on Wednesday. In its regional economic outlook update, the IMF projected Asia to grow 5.6 percent this year and next,
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Check out the companies making headlines after the bell: TripAdvisor stock soared 19 percent after hours. The travel and restaurant website company reported first-quarter earnings and revenue that surpassed Wall Street expectations. CFO Ernst Teunissen gave positive remarks regarding 2018 guidance. The company’s earnings are being driven by its non-hotel segment, which has grown 36
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Getty Images A sign is posted in front of a Hertz car sales and rental car office on August 8, 2017 in South San Francisco, California. Check out the companies making headlines after the bell: Hertz Global shares slumped 8 percent in after-hours trade. The car rental company’s revenue surpassed expectations but it reported a
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Amazon should continue to grow at an “amazing” rate, with the e-commerce giant set to capture nearly 10 percent of total retail sales by 2020, according to Telsey Advisory Group, which initiated coverage at outperform. “Amazon’s customer-centric approach, relentless pursuit of efficiency in existing and new businesses, strong and growing Prime membership base, and advanced
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