Tags: usa

Xi Jinping takes centre stage

In the coming weeks, two major events will again focus the international spotlight on China as it projects its power on the world stage. Next week, President Xi Jinping (習近平) is expected to hold an informal summit with US President Donald Trump in Florida, the first time the two world leaders will meet face-to-face, according […]

US adds more jobs than expected

The number of non-farm jobs added in February in the US  was 235,000, smashing expectations of a 190,000 increase. The figure for January was also revised up to 238,000 from 227,000. The US jobless rate fell to 4.7 percent from 4.8 percent, as expected. Analysts have said that the better than expected jobs figures will […]

Henley warn of visa wars

Henley & Partners, the global residence and citizenship advisory firm, says the vote by the European Parliament to end visa-free travel for Americans to EU countries will have a major impact on global mobility, especially the travel freedom currently enjoyed by US and possibly even EU citizens, if US president Donald Trump retaliates in kind. […]

Singapore goes all out for DC

Singapore’s sovereign wealth fund, GIC, is making a huge splash into the Washington DC market.  The fund has formed a JV with Beacon Capital Partners to invest $1.05B in three of Beacon’s office assets totaling more than 2M SF.  GIC will join Beacon in ownership of Terrell Place, the Verizon Center-adjacent office building at 575 7th St. […]

More Americans renounce citizenship

With the Internal Revenue Service’s (IRS) release of data for the fourth quarter of 2016, this past year broke all records for the number of US citizens who have opted to renounce their citizenship. As explained by Andrew Mitchel in his International Tax Blog, “the number of published expatriates for the quarter was 2,365, bringing […]

Soros backed Goldman Sachs, B of A

Soros Fund Management, the firm that invests the personal fortune of billionaire investor and philanthropist George Soros, took a handful of new positions in financial stocks during the fourth quarter as the sector was buoyed by Donald Trump’s presidential victory. The New York-based firm disclosed a $14.9m position in Goldman Sachs and made a new bet […]

Saudis mull leisure park purchase

Saudi Arabia’s Public Investment Fund, which is being transformed into a $2 trillion investment giant, is considering buying a stake in U.S. theme park operator Six Flags Entertainment Corp., Bloomberg reports. The PIF is holding early deliberations about the potential investment after the kingdom started negotiations to let the Texas-based company open its first attractions […]

Fed holds fire on rates

The US Federal Reserve has signalled that it remains on track to raise interest rates this year as policymakers said consumer and business confidence had climbed in the wake of Donald Trump’s US election victory. While policymakers voted unanimously to keep interest rates at a target range of between 0.5 percent and 0.75 percent, officials […]

Berkeley faces funding threat from Trump

US President Donald Trump has threatened to withdraw federal funds from the University of California at Berkeley after protesters caused a talk by the senior editor of Breitbart News to be cancelled. Demonstrators hurled smoke bombs, started fires and smashed windows ahead of Milo Yiannopoulos’ scheduled visit on Wednesday. “If U.C. Berkeley does not allow free […]

Harvard under-performs

Harvard University’s wealth has grown more slowly than other private universities over the past five years, a result of its under-performing endowment and other financial issues, according to a Moody’s Investors Service report. The institution’s cash and investments have grown 8.8 percent in five years, the credit-rating agency said, compared with a median 22 percent […]