US
Latin America | 27 Jan 17
IRS trawls for US tax evaders in Panama firm probe
A federal court in the US state of Montana has authorised the Internal Revenue Service (IRS) to serve a ‘John Doe’ summons in a bid to uncover details of US taxpayers who may hold offshore accounts established by a Panama firm to evade paying tax.
US equity markets to ignore protectionist threat
If Donald Trump makes good on his proposal to impose tariffs on all imports from Mexico to fund the construction of a wall on the country’s border with the US, this will have a profound impact on the US economy and on the profitability of some US companies. Are markets right to ignore this threat for now?
China less vulnerable to US protectionism than other EMs
Despite concern about China’s vulnerability to Donald Trump’s brand of isolationism, there are good reasons to be optimistic about the country’s growth in 2017, says Ed Smith, asset allocation strategist at Rathbones.
Investment | 23 Jan 17
US corporate tax cuts not priced in, says Standard Life Investment
US equity markets have yet to price in Donald Trump’s proposed corporate tax cuts, said Andrew Milligan, Standard Life Investments’ Edinburgh-based head of global strategy.
North America | 20 Jan 17
Trump’s treasury pick fails to disclose $100m in assets
Donald Trump’s nominee for treasury secretary, Steven Mnuchin, failed to disclose nearly $100m (£81.3m, €94m) of his assets to the Senate Finance Committee and neglected to mention his role as a director of an investment fund located in the Cayman Islands.