Tax planners are developing ways to help well-to-do U.S. clients avoid the full impact of taxes set to take effect next year.
Industry
Housing Market Shows Signs of Sustainable Recovery with Six-month Rise in Prices
A Standard & Poor's Case-Shiller report released yesterday shows home prices rising for six consecutive months.
Brent Below $110 on Economic Jitters; Iran Worries Limit Losses
Brent crude slipped below $110 per barrel on Wednesday, weighed down by worries that a fragile global economy could hit demand, although the risk of disruptions to supply from rising tensions between Iran and Western nations kept losses in check.
NY pension fund invested in controversial private equity funds
An investigation by New York's top prosecutor into whether a group of private equity firms used a fee arrangement to dodge taxes may be undermined by the state's own public pension fund.
Morgan Stanley infrastructure fund hit by Volcker rule
A U.S. regulation that limits how much of its own capital a bank can put at risk is causing headaches for Morgan Stanley as it prepares to raise a new multi-billion-dollar global infrastructure fund.
Latest News
U.S. tax authorities took no formal action after launching a probe five years ago of tax strategies used by private equity managers.
Deal-starved bankers in Hong Kong are jostling for a role in what may be Asia-Pacific's biggest stock market event of the year.
China plans to double the amount insurers can invest in private equity and allow them to trade financial derivatives both at home and abroad.
China's insurance regulator said on Monday it will permit insurers to outsource management of their investments to securities brokerages and fund management companies (FMCs) for the first time.
Large investors in U.S. biotech companies are likely to capture serious windfall profits as deal activity picks up in the sector.
China was the main contributor to a 24 percent rise in new global investment in clean energy in the second quarter.
A sleepy fishing village just three decades ago, the southern Chinese city of Shenzhen last year hosted more IPOs than New York, Hong Kong and London combined.
Tesla Motors Inc Chief Executive Elon Musk on Friday made a stunning forecast: battery-powered cars will likely match the internal combustion engine in popularity by the middle of the next decade.
Global food and dairy companies are making another round of big bets on China's fast growing dairy sector.
