US Law Firm Mayer Brown Poised to Split Off Its Hong Kong Office
Chicago-based law firm Mayer Brown LLP is preparing to split off its Hong Kong operation amid US and China geopolitical tensions, according to people familiar with the matter.
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Chicago-based law firm Mayer Brown LLP is preparing to split off its Hong Kong operation amid US and China geopolitical tensions, according to people familiar with the matter.
The Czech Republic is poised to cut interest rates by another half of a percentage point, but a nascent economic recovery and sticky inflation may slow monetary easing in the following months.
Hong Kong’s world-beating stock rally is showing no signs of letting up even with Chinese investors, a key buying force, out of action.
National Australia Bank Ltd. shares inched higher after plans to buy back A$1.5 billion ($1 billion) more of its own stock, as profit at the lender met expectations and Chief Executive Officer Andrew Irvine said the economic outlook remains resilient.
The resilience of corporate Australia to rising interest rates has taken traders and economists by surprise in recent months. Now, the boss of the country’s biggest lender to businesses says he’s been caught out too.
Nov 8, 2016
BNN Bloomberg
,Royal LePage Chief Executive Officer Phil Soper thinks some Americans will make good on their vows to move to Canada if Donald Trump is elected President. In an interview on BNN, Soper said a recession triggered by Trump’s social and economic policies could convince disenfranchised Americans to head north.
“Deporting eleven million workers and starting a trade war with China would place this tentative recovery in reverse,” he said on Tuesday. “If there was social unrest, you could see a material change in the desirability to leave: we’re next door.”
Soper said Americans with aspirations of moving to Canada in the event Trump takes the Oval Office will likely take a cautious approach, testing out the social fit in a new country by buying a secondary property.
“Where we might see a material change is, call it the ‘toe in the water’: you buy a cottage in Ontario or Alberta or British Columbia and you test something out,” he said.
Ultimately, Soper said demand may increase somewhat, but he doesn’t expect Americans to flock to Canada in droves.
“I think it could be material, but I’m not expecting a lineup at the border.”