Shanghai – The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

Disintegrating Tories will void May’s pledge for Brexit deal in seven weeks

February 5, 2018 by Dennis Kefalakos Leave a Comment

Last Friday, Theresa May, the British Prime Minister, said from China, where she was on official visit, that in seven weeks she will have a Brexit transition deal with the EU. Surely, nobody believes her. The reason is that her Tory governing party is so deeply split over the Brexit terms, up to the point […]

Filed Under: Economy, Markets, Policy, politcs Tagged With: 10 Downing Street, bankers, Bremainers, Brexit, Brexiteers, Britain UK, China, Customs Union, David Cameron, EU market, Eurosceptic Tory, hard Brexit, House of Commons, Liam Fox, London, London City, Margaret Thatcher, Parliament, referendum, Shanghai, single EU market, soft Brexit, Theresa May, Tories, Trade, Trade minister, UK Prime Minister, wild Brexit, Xi Jinping

A neo-liberal toll free Paradise for the super rich and tax hell for wage earners

November 9, 2017 by Dennis Kefalakos 1 Comment

Despite the hullaballoo in main stream media about Queen Elizabeth’s investments in tax-havens and the implication of the US Trade Secretary Wilbur Ross in a Russia related offshore firm, the shocking revelation in the Paradise Papers is that London appears as the largest money washing machine of the world. The biggest single disclosure is that […]

Filed Under: Policy Tagged With: Appleby, Bermuda, Britain, Cayman Islands, Channel Islands, Citibank, Credit Suisse, Delaware, Donald Trump, European Union, Goldman Sachs, Guernsey, Holland, Hong Kong, HSBC Bank, Ireland, Isle of Man, Jean-Claude Juncker, Jersey, JPMorgan Chase, KPMG, Lloyds Banking Group, Luxembourg, Major Reginald Appleby, Mauritius, money laundering, Montana, Nevada, New York, Panama Papers, Paradise Papers, PricewaterhouseCoopers, PwC, Queen Elizabeth, Santander UK, Seychelles, Shanghai, South Dakota, Standard Chartered, Switzerland, Tax avoidance, tax fraude, tax haven, the British Virgin Islands, the Royal Bank of Scotland Group, US, Wilbur Ross, Wyoming

Pumping more money into banks but leaving them unregulated doesn’t help

March 3, 2016 by Dennis Kefalakos Leave a Comment

On Thursday 25 February, this newspaper concluded that “the other major central banks in Europe, China, Japan and elsewhere appear ready to fill the gap that the Fed plans to leave in the ‘money for nothin’ game”. This week’s developments completely justified this prediction. The immediate result is a new appreciation of the dollar with […]

Filed Under: China, Economy, EUGlobe, Eurozone, Policy, World Tagged With: banks, Beijing, China, crisis, ECB, European Central Bank, Fed, financial, Mario Draghi, People's Bank of China, Shanghai, Shenzhen, stock exchanges, US

Can the next financial crisis be avoided?

February 15, 2016 by Dennis Kefalakos Leave a Comment

The descent of prices in the world capital markets continued almost unhindered this past week and only last Friday financial, oil and commodity values gained some limited grounds. Altogether however, the major stock markets have erased trillions off their capitalization since last June, when the dark clouds gathered above the Chinese mega-cities of Shanghai and […]

Filed Under: Economy, EUGlobe, Eurozone, Markets, Policy, USA, World Tagged With: American banks, Atlantic economic space, Bank of Japan, banks, cash, central banks, China, Deutsche Bank, developing world, European Central Bank, Fed, growth, interest rates, Janet Yellen, lenders, monetary policy, quantitative easing, Shanghai, Shenzhen

EU to pay a dear price if the next crisis catches Eurozone stagnant and deflationary; dire statistics from Eurostat

January 11, 2016 by Dennis Kefalakos Leave a Comment

Amidst the historically worst first week of a year since stock exchange records exist, the Eurozone economy remains stagnant and appears clearly unable to offer itself and the rest of the global economy a sigh of relief. All along the first week of the New Year Eurostat kept airing quite disappointing statistics for the Eurozone […]

Filed Under: China, Economy, EUGlobe, Eurozone, Policy, USA Tagged With: banks, Beijing, Berlin, China, Chinese stock exchanges, ECB, European Central Bank, Eurostat, Fed, Germany, growth, industrial producer prices, Mario Dragh, markets, monetary policy, People's Bank of China, retail trade, selloff, Shanghai, Shenzhen, statistics, stock exchanges, USA, Washington