Word: crackdowns
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...local stocks, exchanging investment tips with what she calls her "mah-jongg friends," a group that gets together each week to play and chat. Just before the Chinese New Year holiday last month, one of her friends spoke ominously of rumors that China's government was planning a crackdown on stock speculation, including a possible tax on capital gains. Over the past 18 months, Chen's small portfolio had almost doubled in value as the Shanghai market shot straight up. So she decided to pull the plug, suddenly afraid it would all go sour. "I sold everything just before...
...local stocks, exchanging investment tips with what she calls her "mah jong friends," a group that gets together each week to play and chat. Just before the Chinese New Year holiday last month, one of her friends spoke ominously of rumors that China's government was planning a crackdown on stock speculation, including a possible tax on capital gains. Over the past 18 months, Chen's small portfolio had almost doubled in value as the Shanghai market shot straight up. So she decided to pull the plug, suddenly afraid it would all go wrong. "I sold everything just before...
...image as a shady place that handles illicit international finance. When the U.S. Treasury Department in 2005 named Macau's Banco Delta Asia a "willing pawn" in money laundering for Pyongyang, regulators in Macau agreed to freeze $24 million in North Korean funds held by the bank. Given the crackdown, it may well have been embarrassing for a potential heir of the nuclear-armed hermit kingdom's ruler to pop up in the territory...
...Italy's top-division games this weekend are likely to be played only for the television cameras. Additional measures include stiffer penalties for violence inside or outside stadiums, bans on group ticket sales to away games to limit organized " road trips" for hard-core fan clubs, and a crackdown on teams that turn a blind eye to violent supporters...
...dragged into the current standoff between North Korea and the U.S. The U.S. Treasury Department has named Macau's Banco Delta Asia a "willing pawn" in money laundering for Pyongyang, prompting the territory's regulators to freeze $24 million in North Korean funds held by the bank. Amid that crackdown it may have been a bit embarrassing for a potential heir of the nuclear-armed hermit kingdom's ruler to pop up in the territory...