03 Nov
Member News

Crucial Challenges Before the World’s Economy

The world economy now faces severe risks posed in part by slow economic growth, exceptionally slow world trade growth, and rising nationalism, populism and protectionism in many countries, states William R. Rhodes in a presentation to the Hudson Institute. Mr. Rhodes stresses that political leadership now is essential to place the world economy on a faster economic growth track and to educate citizens about the profound advantages of free and open fair international trade, which has been responsible in...

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03 Nov
Member News

Wednesday’s Activity: Cubs Win, Everyone Else Loses

Perhaps it was fitting that in a year where the UK voted to withdraw from the EU and the US has witnessed the most inexplicable presidential campaign in memory that the Chicago Cubs would finally win the World Series. (As Bill Murray says in Ghostbusters: "what comes next? Dogs and cats living together?") The Cubs overcame the Maddon-ness of King Joe (some questionable decisions by skipper Joe Maddon) to finally end the 108-year drought. So after all that, what could be...

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03 Nov
Member News

From the WSGR Database: Financing Trends for Q3 2016

The third quarter of 2016 featured the reversal of several trends seen earlier in the year, most notably in pre-money valuations, which increased substantially for all rounds. The gain in pre-money valuations also drove a decline in the percentage of down rounds for the quarter, which fell to 9%, the lowest share in more than a year and far below the five-year median (from Q4 2011 through Q3 2016) of 16%. If these strong valuations continue through the fourth...

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02 Nov
Member News

November FX outlook – the US election and beyond

The USD showed a firm tone through October as the market steadily priced in a higher probability of a Fed rate hike by the end of the year and the market assessment of the chances of a Trump presidential victory also gradually declined (though this was seen as positive for the MXN). GBP remained weak through the month, suffering a massive “flash crash” in early Asian trading on October 7 in just a few minutes. The US election will...

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02 Nov
Member News

Prestige Videos Keep Things

At Prestige Capital, we've applied our simple, straightforward financing philosophy to online video learning. We just launched our “How Factoring Works” video on our website. It explains how factoring works to smooth out your cash flow, and how Prestige in particular can benefit your client’s business. The keys you need to know are all in this fast minute and a half, easy-to-follow video. Check it out, we think you’ll find it helpful. Then bookmark the video library page and visit often –...

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02 Nov
Member News

Duty Savings Opportunity for Leather Handbag Importers

Importers of leather handbags may have the opportunity to reduce their duty rate on some styles by more than half by reclassifying their products. The Harmonized Tariff Schedule distinguishes between leather handbags (dutiable at a rate of 9% ad valorem) and tote bags (4.5% ad valorem).  U.S. Customs has outlined certain distinguishing criteria between the two types of bags, such as carrying capacity and size.  A bag may meet the tote bag criteria even if it still enjoys other traditional...

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02 Nov
Chapter News, New York Related News

Governor Announces New Regulations to Improve Air Quality

Regulations to Reduce Nitrogen Oxides and Particulate Matter Pollution Go Beyond Federal Standards Click Here to View Regulations Governor Andrew M. Cuomo today announced that New York State has adopted regulations that will improve air quality and protect public health by limiting emissions from existing diesel generators and natural gas-fired engines. The new regulations, originally proposed in December 2015, specifically target nitrogen oxides and particulate matter emissions from existing equipment and actually go beyond the new standards recently established by the...

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02 Nov
Chapter News

Emerging Europe: Mostly Growing, but Questions Remain About Medium-Term Growth

Solid growth in most of the region, CIS emerging from recession But sustaining current growth requires further structural reforms Better tax administration, public investment can free up 2-4 percent of GDP in extra resources Economic growth remains solid in much of Central, Eastern, and Southeastern Europe (CESEE), while Russia’s outlook is improving, and other countries of the Commonwealth of Independent States (CIS) are emerging from recession, says the IMF in its latest Regional Economic Issues report on the region. For the region as...

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02 Nov
Member News

Incorporating in the US: Tax and Regulatory Considerations

Wilson Sonsini Goodrich & Rosati and leading UK VC firm Notion Capital have teamed up on a blog to offer their perspectives on transatlantic VC investment and considerations for UK and other non-US companies looking to raise VC funding from US investors. Check out the full series here. Non-US entrepreneurs often ask us about navigating the hodgepodge of local, state and federal laws, and regulations comprising the US tax and regulatory regime. The interplay among these various rules is very different from the...

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01 Nov
Member News

Midstream oil & gas—is a wave of restructuring looming?

The rapid growth of oil & gas production in North America from 2009 to 2014 spurred a cycle of historic demand for midstream infrastructure in the form of gathering, transportation, and processing. However, midstream segment economics are under increased pressure given the current climate of sustained depressed prices and limited exploration activity. Most of the midstream contracts were negotiated at a time when crude oil prices were at all-time highs and exploration budgets were relatively unlimited. To maximize value and enhance returns,...

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