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The effects of the Stamp Duty tax on depositors into receivers accounts is beginning to take its toll as stockbrokers are now advising investors that they will now start passing this charge to them. This follows the recent directive by the CBN to banks to start deducting stamp duty from deposits into the accounts of […]

Western Union Money Transfer has signed a collaboration agreement with ViberApp enabling it to launch an online payments platform in Kenya. Western Union President Hikmet Ersek commended the new partnership saying it would increase payment channels on its global FinTech cross-border platform which will expand the digital omni-channel network. Viber Chief Operating Officer Michael Shmilov […]

Nigerian Breweries released its financial results for the year end December 31, 2015. The result showed that revenue rose by 10.3% from N266.3 billion in 2014 to N293.9 billion in 2015, while the company increased its expenses fron N70 billion in 2014 to N80 billion in 2015. Profit before tax however dropped by 11.3% from […]

When Barack Obama swept into the White House in 2008, the American electorate was hoping for “change.” A “change” in the way Republicans and Democrats interacted with one another, a “change” in how the US is perceived by the rest of the world, and a “change” in Washington’s notoriously poor foreign policy in the Mid-East. […]Read More

William R. White is the chairman of the Economic and Development Review Committee at the OECD in Paris. Prior to that, Dr. White held a number of senior positions with the Bank for International Settlements (“BIS”), including Head of the Monetary and Economic Department, where he had overall responsibility for the department’s output of research, data […]Read More

Earlier this month, Kyle Bass asked a funny question in a discussion with CNBC’s David Faber. To wit: “If some fund manager in Texas is saying that your currency is dramatically overvalued, you shouldn’t care on a $10 trillion economy with $34 trillion in your banks. I have, call it a billion –  it’s so […]Read More

As regular readers are no doubt aware, we like to check in on the hookers from time to time. By that we of course mean SouthBay Research’s Vice Index, which tracks spending on fun activities in the cash economy. Fun activities like boozing, gambling, and escort hiring. “Luxury good spending is sensitive to shifts in […]

With US markets failing to hold on to today’s “Deutsche Bank” euphoric gains today despite, or rather due to Janet Yellen’s Congressional testimony, traders in mainland China remains locked out due to the Lunar New Year holiday, while Japan is mercifully taking a break – mercifully, because otherwise the Nikkei would be crashing. However, one […]Read More

During his victory speech last night in the New Hampshire Republican primary, Donald Trump exposed what everyone knows but doesnit dare admit: the “phony” unemployment numbers that Obama continues to crow about and The Fed is so focused on…. “Don’t believe those phony numbers when you hear 4.9 and 5% unemployment. The number’s probably 28%, […]Read More

Submitted by Ron Paul via The Mises Institute, [This article appears in the January-February 2016 issue of The Austrian.] I think the most exciting message for me today is that things are changing. Often, when I come to these events, people ask me, “isn’t this grueling, isn’t this very tough?” It’s not, though, and it’s […]Read More

For nearly one year, Wisconsin Rep. Sean Duffy has been Janet Yellen’s nemesis over the ongoing  probe into Fed leakage of material inside information via Medley Global and any other undisclosed channels, one which has seen subpoeans be lobbed at the Fed which has been doing everything in its power to stall said probe, and […]

Earlier today, we reported that European officials are considering a two year Schengen suspension to help stem the inexorable flow of Mid-East migrants into Western Europe. Last year’s optimism regarding the bloc’s ability to take on asylum seekers quickly faded as eurocrats suddenly realized just how daunting a task they’re facing. Even if the integration […]Read More