Arthur Ng

106 Flips | 1 Magazine | 1 Like | 12 Followers | @Arthur_5 | Law graduate currently working in Corporate, International Tax and Transfer Pricing.

Musk Working With Silver Lake, Goldman to Take Tesla Private

Elon Musk said he is working with Goldman Sachs Group Inc. and private-equity firm Silver Lake in taking Tesla Inc. private, giving more credibility …

Tesla

The Next Big Thing For Apple Stock Won't Be Another iPhone

Apple’s next big revenue source won’t be another iPhone. It will be the monetization of the ID Apple assigns to its customers.<p>This can be accomplished with the adoption of an Apple as a Service subscription model, which will bring a steady revenue and earnings stream to the company — and help …

Wall Street

Chancellor Philip Hammond Considering 'Amazon Tax' For Online Retailers

A levy could be introduced even if other countries do not follow suit, the chancellor said.<p>PA Wire/PA Images<p>Chancellor Philip Hammond has hinted he …

Philip Hammond

Euro tumbles as investors fear bank exposures to Turkey

NEW YORK (Reuters) - The euro sank to its lowest against the greenback in more than a year on Friday as a plunging Turkish lira sparked broad risk aversion, with investors worried about contagion to European banks.<p>50 and 20 Euro banknotes are displayed in this picture illustration taken November …

European Central Bank

House of Fraser calls in administrators

<b>Mike Ashley's Sports Direct has agreed to buy the House of Fraser department store chain for £90m.</b><p>The deal was announced just hours after the 169-year-old chain went into administration when talks with its creditors failed to reach an agreement.<p>Mr Ashley said his plan was to turn the 59-store chain …

House of Fraser

Japan’s Economy Rebounds as Business Spending Beats Expectations

Business spending drove a strong rebound in Japan’s economy in the second quarter after a contraction at the start of the year. Private consumption …

Economy

Australia central bank charts steady course for rates as inflation lags economic growth

SYDNEY (Reuters) - Australia's central bank sees strong economic growth this year and next but still doubts inflation will reach the mid-point of its target band even in 2020, a recipe for steady rates for some time yet.<p>The Reserve Bank of Australia (RBA) expects growth in the A$1.8 trillion …

Economics

Thursday briefing: Pound down as markets factor in a hard Brexit

Top story: No-deal fears worsen exchange rate<p>Hello, it’s Warren Murray with the news in a hurry.<p>The pound has fallen to its lowest level this year against the dollar and the euro as mounting fears of a no-deal Brexit prompt a sell-off on global financial markets. Analysts say sterling’s slide – …

Great Britain

Britain walks Brexit high wire over financial services

LONDON (Reuters) - Britain must avoid tying Brussels up in red tape or antagonising its soon to be former European Union partners and the United States if it is to maintain access to the bloc’s financial services market after Brexit.<p>FILE PHOTO: The City of London financial district is seen with …

Financial Services

This Is Why Every Major Cryptocurrency Crashed on Wednesday

The crypto market is searching for a path to legitimacy, but the SEC just put those plans on hold -- again.<p>Cryptocurrencies had a tough day this …

Cryptocurrency

The Trump Administration Just Announced Tariffs on $16 Billion in Chinese Imports. Here's What's New

The Trump administration just announced tariffs on another $16 billion in Chinese imports to the U.S.<p>This latest round makes good on the president’s …

Trump Administration

Amazon's Latest for Whole Foods: Curbside Grocery Pickup

Amazon is taking a page from the playbook of traditional grocers.<p>The e-commerce giant is launching a new grocery pickup service that will allow …

eCommerce

China's July exports rise more than expected despite U.S. tariffs

BEIJING (Reuters) - China's exports growth unexpectedly accelerated in July despite fresh U.S. tariffs, while its trade surplus with the United States remained near record highs as Beijing and Washington ramped up a bitter dispute that has rattled financial markets.<p>Imports also rose much faster in …

Economy

Pound Slips to Lowest Since November Versus Euro on No-Deal Fear

The pound slipped to the lowest level against the euro in almost nine months amid growing concern that the U.K. could end up leaving the European …

U.S. Corporate Tax Cuts Likely to Hit Other Countries' Bottom Lines

WASHINGTON—Last year’s corporate tax cut is reducing U.S. tax collections, as expected. But that change is likely to ripple far beyond the country’s borders in the years ahead, shrinking other countries’ tax revenue, according to a recent paper by economists at the International Monetary Fund.<p>The …

Economics

FTSE 100 fights for direction as investors assess trade official’s no-deal Brexit remark

The U.K.’s main equity gauge finished slightly higher Monday, getting a boost from the pound’s drop after fresh Brexit posturing.<p>Investors also …

Stock Markets

Carrefour, Tesco alliance to become operational in October

PARIS (Reuters) - Supermarket retailers Carrefour (CARR.PA) and Tesco (TSCO.L) said on Monday that they expected their previously-announced purchasing alliance to become operational in October.<p>FILE PHOTO: The signage of Tesco Extra is silhouetted against the sun in London, Britain, September 22, …

Procter & Gamble

What would happen if Britain left the EU with no deal?

BREXIT is due to happen on March 29th 2019, two years after Theresa May invoked Article 50, the withdrawal provision of the EU treaty. Britain and …

Great Britain

Special report: Why China scares politicians of all stripes

<b>China,</b> with a series of short and long-term moves on the global stage, is doing something few others can: eliciting similar warnings and worries from …

Consultation prize: U.S.-China trade war fires bonanza for advisory firms

SHANGHAI (Reuters) - As U.S. and Chinese firms rush for outside expertise on how to handle fallout from the escalating trade war between the two nations, consultants on everything from management to logistics say they have seen soaring demand for their services.<p>Washington and Beijing have been …

Asia’s ‘big six’ who will be in big trouble if China pulls the yuan trigger | This Week In Asia | South China Morning Post

OECD data shows Malaysia, Singapore, Philippines, Thailand, Vietnam and Indonesia — Southeast Asia’s ‘big six’ economies — are among the most exposed …

China

China warns of tariffs on imported US goods worth $60bn

China has unveiled plans to impose retaliatory tariffs on US imports worth $60bn (£46bn), firing the latest volley in the mounting trade dispute between the world’s two largest economies – which are currently conducting “zero” dialogue on trade, according to reports.<p>Signalling the nation’s …

Economy

Berkshire Hathaway profit surges as economy gives Buffett a boost

(Reuters) - Berkshire Hathaway Inc (BRKa.N), the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy.<p>Results easily topped analyst forecasts. …

Investing

China became the world’s top exporter by doing the opposite of what Trump wants the US to do

US president Donald Trump thinks the US is importing too much. He’s threatened to block goods from several countries—most recently Germany, which he called “bad, very bad” for sending the US so many cars. His administration has also launched a slew of investigations into whether the US should …

Exports

Accountancy and law firms tell May - We need a Brexit deal on services

LONDON (Reuters) - A group of leading accountancy and law firms have called on British Prime Minister Theresa May to strike a Brexit deal on services that gives mutual recognition of regulations and qualifications to prevent damage to the $250 billion (190.42 billion pounds) sector.<p>A combined …

Great Britain

UK law firms failing to meet consumers’ digital demands

UK law firms failing to meet consumers’ digital demands<p>New research into the use of digital technology in the <b></b>UK legal sector has revealed that 7 out …

Banking

KWM welcomes 11 to partnership

King & Wood Mallesons (KWM) has appointed 11 lawyers to its Australian partnership.<p>Kate Creighton-Selvay, Tim Edwards, Alex Elser, Amanda Engels, …

Real Estate

UK economy's strong growth since Brexit vote starts to slow

LONDON (Reuters) - Britain’s unexpectedly strong economic growth since last June’s Brexit vote may be starting to fade as inflation picks up, according to a major business survey that chimed with notes of caution from several top companies.<p>A man sits in a hotel lobby in central London, Britain, …

UK Economy

FX Focus: Pound on front foot against dollar and euro ahead of crucial week

Dollar slides as investors grow confident the Federal Reserve will not hike interest rates.<p>The pound gained ground on Monday (19 September), as …

Oil investment is weakest in 30 years

The oil price crash has squeezed investment in the industry to the weakest levels in 30 years.<p>Capital expenditure on global oil exploration and production is expected to fall 17% in 2016, following a 24% drop in 2015, according to the International Energy Agency's medium term outlook.<p>That will be …