Tax Reporting of Foreign Financial Assets: A Tale of Two Acts
The Bank Secrecy Act and the Internal Revenue Code both require reporting by United States persons concerning their foreign financial accounts. For purposes of both acts, “United States person” means a...
View ArticleFormer Citigroup Boss Vikram Pandit To Set Up New Indian Bank
Banker Buys Stake In Storied Indian Finance Firm As First Step
View ArticleMETALS OUTLOOK: Gold May Stay Range Bound, To Watch Dollar
(Kitco News) - Economic data and U.S. dollar movements will continue to influence the gold market next week, but market watchers said they wouldn’t be surprised if the yellow metal remains within its...
View ArticleIn Global Currency War II, Shots Fired Over India
Indian exporters worry about getting priced out, but country's Reserve Bank of India has no interested in seeing the rupee get trashed.
View ArticleIndia's Flood Of Woes
Flash floods in the North, a battered rupee and a sinking Sensex make for a woeful week
View ArticleIndian Billionaires Line Up To Start New Banks
After a decade-long gap, the country is expanding its banking sector by issuing new bank licenses
View ArticleFOCUS: Indian Monsoon Could Boost Farmer Income, May Spur Gold Buys
(Kitco News) - India’s monsoon is so far progressing well for farmers and if the rains continue as expected, this could boost rural Indians’ income and may spur gold purchases later this year. Analysts...
View ArticleHow Will India's Largest Jewelry Company Respond To Latest Setback?
Mehul Choksi, managing director of Gitanjali Gems, is one of 26 individuals and firms being investigated for making “manipulative trades” and for making trades while concealing their identities,...
View ArticleGold Survey: Survey Participants See Higher Gold Prices Next Week
(Kitco News) - A majority of participants in the Kitco News Gold Survey see higher prices next week for the metal. In the Kitco News Gold Survey, out of 36 participants, 19 responded this week. Of...
View ArticleIndian Gold Premiums Rise As Physical Demand Picks Up In July
(Kitco News) - Indian gold demand rose in July despite the government’s efforts to stifle it, and premiums are likely to increase further this fall when the country is in the midst of its festival...
View ArticleIndia's Economic Misery Rises As Stock Market, Rupee Plunge
Indian markets suffers post-Independence Day hangover
View ArticleIndia Lurches Toward The Edge Of An Economic Precipice
India's prime minister Manmohan Singh With a freefalling Indian rupee touching historic new lows each passing day, and stocks suffering a daily hammering, the Indian economy seems to teeter on the...
View ArticleAsset Classes Wealthy Investors Love In 2013
Every investors knows to follow the money, and the money likes these top 10 investment ideas in 2013, according to U.K. investment bank Schroders. Of course, their 14,800 respondents from the U.S. to...
View ArticleEmerging Markets: Let The Pain Begin, Again
For emerging market investors, a time of no pain no gain.
View ArticleAustralia's Rejection Of Kevin Rudd May Foretell Political Change In The U.S.
The English speaking peoples tend to move in a sort of partial political sync with one another.
View ArticleIndia's Hotshot New Central Bank Chief Spurs Rupee, Sensex
The new governor of the Reserve Bank of India is definitely enjoying a honeymoon voyage. Having just arrived in India last week, Raghuram Rajan can happily note that the Indian rupee, the world's...
View ArticleIndia's Cement King Kumar Birla Inks $600 Million Deal To Buy Rival Unit
Kumar Mangalam Birla (Image credit: AFP/Getty Images via @daylife) Billionaire Kumar Birla cemented his position as India’s cement king by inking a deal Wednesday to buy a unit from rival Jaypee Group...
View ArticleImpact Of Fed Taper Schizophrenia On Emerging Markets
The Fed's decision not to taper is good for some emerging markets, but not all.
View ArticleWhere Corporations Want To Invest
According to the United Nations Conference on Trade and Development's 2013 World Investment Report, these are the countries the world's corporations are investing in.
View ArticleIndia's New Central Bank Boss: Don't Count On Uncle Sugar
They don't call him "Uncle Sugar" for nothing. The word from the U.S. fed's Chairman Ben Bernanke that Uncle Sam would go on printing ever more money -- "quantitative easing" is the fancy term -- for...
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