Daily Management Review
Business & Finance

'Naming And Shaming' A Better Deterrent Than Big Fines, Says MAS On

Justifying its response to the controversial Malaysian fund 1MDB, Singapore’s central bank has said that a stronger signal than levying hefty fines on the banks is sent by publicly "naming and shaming" the individuals responsible for financial misdemeanors in the banks that employ them.   A...

Gamblers' Shadow Banking System Revealed By Fake Online Stores: Reuters

Internet gambling payments are being made with a network of dummy online stores that offer household goods as a front, claims Reuters.   Seemingly selling items including fabric, DVD cases, maps, gift wrap, mechanical tape, pin badges and flags, there are seven sites that are...

Nomura moves from London to Germany

Nomura Holdings Inc. decided to move the European Union headquarters to Frankfurt in connection with the release of Britain from the block, reports Bloomberg referring to sources familiar with the situation. According to one source, the largest brokerage company in Japan this month will begin...

With Competition Watchdog’s Approval Standard Life Prods Further Into Acquiring Aberdeen

The way of the “biggest listed asset manager” of the U.K. is being paved through Standard Life’s “11 billion pound” acquisition deal of Aberdeen. Stand Life has received a clear signal from the “competition watchdog” of Britain, whereby it can enter into the “11 billion pound deal” of purchasing...

Tesla To Explore Shanghai Production While Preliminary Agreement Sets The Initial Stage

Shanghai and Tesla are conducting preliminary talks to enter into an agreement. According to Bloomberg’s report, Tesla Inc., the manufacturer of electric cars in the U.S., has arrives at a preliminary stage in an agreement with Shanghai wherein the former seeks to “explore” the production market of...

Ethereum encounters a problem

One of the largest crypto-exchange exchanges - Bitfinex - has suspended the withdrawal of the Etherium. The reason is a protracted failure in the Etherium system. The problems started on Tuesday, when the Singapore startup Status began to accept the Ethers as part of the initial coin offering...

While Big Hurdles Remain, Japan Government-Bain Group Picked By Toshiba To Buy Chip Unit

With the aim to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massive losses, Toshiba Corp has chosen a consortium of Japanese government investors and Bain Capital as the preferred bidder for its chip business.   But as Western Digital, its chips...

Biggest Headaches For Japan Inc Are Shrinking Domestic Market, Worker Shortage

The difficulties of coping with a dwindling and rapidly aging population in Japan were highlighted in a recent a Reuters poll on Japanese firms which say that over the next three years, a shrinking domestic demand is their biggest worry while labor shortages are a close second.   Even as...

Does the People's Bank of China manipulate the bitcoin course?

China's domination of the bitcoin network looks incredibly troubling for the technoliberarian puritans of the digital currency. Practically, they fear that the concentration of digital power in the world's second largest economy threatens to undermine the democratic character of the crypto...

Filing For Bankruptcy This Month Is Air Bag Maker Takata: Reuters

As Takata Corp works toward a deal for financial backing from U.S. auto parts maker Key Safety Systems Inc, it is preparing to file for bankruptcy as early as next week, reported Reuters citing sources from the Japanese company that is facing billions in liabilities stemming from its defective air...
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