Monday, April 21, 2014
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Tag Archives: USA

Asian finance firms face a hefty Facta compliance burden

facta

The regulations for the US Foreign Account Tax Compliance Act were announced earlier this month, and Asian financial institutions can no longer play wait-and-see, according to PwC. The proposed regulations for the US Foreign Account Tax Compliance Act (Facta) were finally issued on February 8, and they will significantly affect foreign financial institutions (FFIs), including those in Asia, according to ... Read More »

What Happens When China Stops Buying US Debt?

China US treasury bonds

For years, people have wondered what happens when China stops buying U.S. Treasury bonds. Once China refuses to finance our massive deficits, the thought goes, interest rates will surge, and the Treasury might have a hard time selling bonds (ask Greece what it’s like). And if China actually began selling its Treasury bonds… that could bring about something far worse. ... Read More »

China Soybean Import Tops One-Day Record as Ties With U.S. Growers Expand

China Soybean Import

Soybean exporters in the U.S., the world’s top shipper, sold 2.923 million metric tons to China in the biggest one-day deal on record. Prices in Chicago rose to the highest in almost five months. The sale includes 2.75 million tons for delivery in the year that begins Sept. 1 and 173,000 tons prior to Aug. 31, the U.S. Department of Agriculture said today in ... Read More »