PFIZER SAID TO LEAN TOWARD ABANDONING ALLERGAN DEAL: REUTERS
PFIZER SAID TO SCRAMBLE TO SAVE ALLERGAN DEAL AMID NEW TAX RULE
The president of the Chilean branch of Transparency International resigned on Monday after documents from a Panamanian law firm showed he was linked to at least five offshore companies.
For those who are unfamiliar, Transparency International is a German-based organization that seeks to monitor and root out corporate and political corruption worldwide.
ICBC becoming a new LBMA market maker in the gold market, while expected, is an important development and again shows China's intent with regard to becoming a key player in the global gold market.
IT WILL BE A CLOSE CALL AT THE BOJ'S APRIL MEETING ON WHETHER OR NOT TO CONDUCT EASING - SOURCES
IF BOJ WERE TO ACT, MORE LIKELY TO INCREASE ASSET BUYING THAN FURTHER CUT INTEREST RATES - SOURCES
- Panama Papers: Biggest Banks Are Top Users of Offshore Services (WSJ)
- Panama Papers probes opened, China limits access to news on leaks (Reuters)
- Credit Suisse CEO Distances Bank From ‘Panama Papers’ (WSJ)
- Fed's Evans says market more pessimistic on U.S. rate hikes (Reuters)
- IMF's Lagarde Says Risks to Weak Global Recovery Are Increasing (BBG)
So far this year, Janet Yellen has not taken a single step in the direction of a “normal” monetary policy; our guess is that she never will. Why not? Is it because she is a witless tool of Deep State cronies? Is it because her economic theory is silly, superficial, and simpleminded? Or is it because she and her predecessor, Ben Bernanke, have done so much damage to the normal world that there is nothing to go back to?
Silver was battered so low in recent years’ gold bear that it’s spent 2016 trading near stock-panic levels relative to gold. Such super-low prices aren’t sustainable, so silver is due for a massive mean reversion higher
- Ties between Germany and Russia enter new chill (Reuters)
- Tax authorities begin probes into some people named in Panama Papers leak (Reuters)
- SEC investigates ex-JPMorgan debt traders (FT)
- Who Will Win Wisconsin? Here Are Six Credible Predictions (BBG)
- Victim in Wall St. Scheme Was a Classmate of Its Accused Architect (NYT)
Obama is considering a plan to greatly increase the number of American special operations forces deployed to Syria "as it looks to accelerate recent gains against Islamic State." According to Reuters, this troop expansion would leave the U.S. special operations contingent many times larger than the around 50 troops currently in Syria, where they operate largely as advisors away from the front lines.
Greek politicians wasted no time in seeking a response from the IMF over the leaked transcript released earlier today by Wikileaks suggesting the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief, and which according to the Greek government was "interpreted as revealing an IMF effort to blackmail Athens with a possible credit event to force it to give in on pension cuts which it has rejected."
It may be almost impossible to underestimate the gullibility of professional Fed watchers. At least Lucy van Pelt needed to place an actual football on the ground to fool poor Charlie Brown. But in today’s high stakes game of Federal Reserve mind reading, the Fed doesn’t even have to make a halfway convincing bluff to make the markets look foolish.
"I believe that this is the best plan the state has produced in decades"...
In the aftermath of dramatic tarfiffs imposed on China's steel exports in December, we asked how long until it responds with it own protectionist response: a necessary and sufficient condition for fully symmetric trade wars. It did so earlier today when, accused of flooding world markets with cheap steel, it imposed its own anti-dumping duties as high as 46.3% on electric steel products imported from Japan, South Korea and the European Union, the Ministry of Commerce said on Friday.
YOU WON'T HEAR THESE FACTS FROM THE MAINSTREAM MEDIA.