All articles tagged with #foreign investments
The Supreme Court upheld a federal tax on certain foreign investments in the Moore v. United States case but avoided ruling on the broader issue of the constitutionality of a wealth tax. The decision focused narrowly on the specific tax issue at hand, leaving open questions about future wealth tax proposals and their potential implications.
Democrats on the House Oversight Committee are urging a hearing to investigate Jared Kushner's alleged "influence peddling" and quid pro quo deals involving foreign investments in exchange for official actions, citing concerns about national security threats. This comes amid reports that Kushner has been pursuing real estate deals with foreign governments using contacts from his time in the Trump administration, prompting calls for scrutiny into potential ethical breaches. Republicans, however, argue that the focus on Kushner is a tactic to deflect attention from President Biden's own family business dealings and assert that Kushner's business activities predate his involvement in politics.
Democratic Representatives Raskin and Garcia are urging Republicans to hold a hearing for Jared Kushner over a $2 billion investment his firm received from a fund led by Saudi Crown Prince Mohammed bin Salman after he left the White House. They are calling for an investigation into Kushner's alleged influence peddling and quid pro quo deals, while Republicans have previously indicated interest in questioning Trump's family members. The motion to subpoena Kushner for information about the investment was tabled during a meeting regarding Hunter Biden, with Republicans highlighting Kushner's positive impact on diplomacy.
The Bank of Japan's potential shift in monetary policy is unlikely to significantly impact the trillions of yen Japanese investors have invested in global bond markets and yen trades, as these investments offer higher returns than those available domestically. Analysts believe that even a modest increase in BOJ rates would have minimal impact on these investment flows, with pension funds and insurance firms only considering repatriation when Japanese government bond yields reach certain levels. The implications of the BOJ's exit from negative rates on FX carry trades depend on the signals sent regarding rate trajectory, with potential for significant impact on these trades.
Indian stock markets have surged following the state elections, but analysts believe that the current level of optimism is unlikely to be sustained until the general election concludes. The markets have already factored in the BJP's victory, and investors may only see modest returns before the election. A potential rally is expected after the Reserve Bank of India cuts interest rates, and confidence in the economy is likely to attract higher investments into the country. While Indian markets are considered overvalued, sectors such as financials and consumer staples are still seen as promising, with specific companies like HDFC Bank and Eicher Motors highlighted as potential beneficiaries.