Solving a puzzle on international balance sheets
The true cost of hidden money (15 June 2014) GABRIEL ZUCMAN is a 27-year-old French economist who decided to solve a puzzle: Why do international balance sheets each year show more liabilities than assets, as if the world is in debt to itself? Over the last couple of decades, the few international economists who have...
China: Party directive sees independent directors resign
(June 11, 2014) - CHINA’S listed companies are preparing for an unprecedented wave of resignations by independent directors following a Party directive on officials’ other jobs outside their office. So far more than 200 listed companies have reported resignations, some of whom are ex-government officials, others university...
US offers Singapore F-16 training deal worth $251 million
F-16 Fighting Falcon (13 June) The US Department of Defense has notified Congress of the possible extension of Singapore’s Lockheed Martin F-16 training programme in Arizona. A release by the Defense Security Cooperation Agency has said the five year, $251 million contract would extend the Singapore air force’s Peace...
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