Chapter News

President Juncker at the G20 Summit in Hamburg

President of the European Commission Jean-Claude Juncker and President of the European Council Donald Tusk represented the European Union at this year's G20 summit on 7-8 July. The Summit was hosted by Germany, which holds the rotating G20 presidency for 2017. Countering terrorism remains a major priority for the G20. In a clear sign of solidarity, G20 leaders signed a statement on countering terrorism - a tangible sign of their will to stand united in implementing international commitments, fighting terrorism...

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Member News

Daniel Erikson Named Managing Director at Blue Star Strategies, LLC

Former White House Special Advisor will lead Latin America practice. July 10, 2017, Washington, DC  – Daniel P. Erikson was named Managing Director at Blue Star Strategies, LLC, where he will lead the firm's Latin America practice representing U.S. corporations across Latin America and the Caribbean and Latin American businesses with interests in the United States. Erikson has had an outstanding career as a diplomat in the U.S. State Department and the White House, where he served as special advisor for...

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Member News

MEPs Pass Law to Tackle Multinational Tax Avoidance

Parliamentarians in Strasbourg have this week voted to introduce new rules that would enforce multinational companies operating in the EU to publish details of their profits on a country-by-country basis. The legislation is part of an overall campaign to reform broader tax regulation in an effort to cut down on multinational tax avoidance.   Similar laws already exist for the banking sector, but MEPs extended the rules to cover all multinationals that operate in Europe. This will result in companies...

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Chapter News

The G20’s Post-Hamburg Path

The G20's meeting in Hamburg Germany has set forth a path for mutual responsibility and cooperation in a globalised and inter-connected world. The leaders have released a plan, along with concrete steps forward: Preamble: We, the Leaders of the G20, met in Hamburg, Germany on 7-8 July 2017 to address major global economic challenges and to contribute to prosperity and well-being. Mastering the challenges of our age and shaping an interconnected world is the common goal of the G20 as...

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Member News

Brussels Seeks Stronger “Interim Measures” Competition Powers

Following on from the European Commission’s €2.4bn fine against Google last week, the trade commissioner Margrethe Vestager has called for tougher powers to be granted to her competition department in order to intervene earlier in antirust problems. These so called interim measures would avoid long delays previously experienced in EU investigations by allowing the commission to order companies to cease suspected anti-competitive behaviour even before there is a formal finding of wrongdoing.   Speaking to the media, Ms. Vestager spoke of...

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Member News

New York Grant Company: NYC Incentives Renewed

NYC's REAP, ECSP, LMEP, CRP, CEP, CRT, and other Programs Renewed for 3 years!  Right Now is a Great Time to Plan for the Rest of 2017 and Beyond.     About NYGC: For 15 years, NYGC has succeeded in obtaining more than $800 million for 5,000+ clients in government grants, tax credits, energy discounts, rebates and alternative financing. Our award-winning incentive experts seek and secure local, county, state and federal programs to maximize these awards for years to come. Industries Served: Back...

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Chapter News

EU Investment Plan on Track to Tackle Root Causes of Migration

• €3.3 billion of EU funds to reel in €44 billion in private investment • Reduce poverty by investing in jobs, SMEs, climate change measures • Strict rules on labour and human rights and on tax transparency The EU scheme aiming to mobilise €44 billion in private sector investment in Africa and the EU neighbourhood was backed by MEPs on Thursday. As part of the European External Investment Plan, the new European Fund for Sustainable Development (EFSD) wants to encourage €44 billion in private investments in fragile states...

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Member News

Houlihan Lokey Advises Holland & Barrett

Houlihan Lokey is pleased to announce that The Nature's Bounty Co. and The Carlyle Group have agreed to sell Holland & Barrett to L1 Retail for £1.8 billion ($2.3 billion). L1 Retail, the retail investment arm of LetterOne, has agreed to purchase Holland & Barrett for £1.77 billion. Houlihan Lokey served as a financial advisor to The Carlyle Group and The Nature's Bounty Co. The transaction is expected to close by September 2017, subject to customary regulatory approvals. Further financial...

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Member News

July FX Outlook – ECB and Bank of Canada Center Stage

    The USD continued to weaken in June against most currencies, generally falling below the levels seen before the US election. This was partly due to continued disappointment at the lack of any progress from the Trump administration on tax reform or infrastructure spending, but was also related to changing expectations of monetary policy outside the US, with several foreign central banks taking more hawkish/less dovish stances. The ECB is probably in sharpest focus after Draghi’s comments at the ECB...

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Chapter News

Indicators of International Use of the Euro Developed Unevenly in 2016

• Euro remains unchallenged as the second most used currency, but the international role of the euro slightly declined in 2016-2017, albeit not uniformly • Use of the euro as a funding currency decline • Share in foreign exchange reserves rebounded somewhat The use of the euro as a funding currency in international debt markets declined in 2016 and early 2017 compared to the same period last year, while the share of the euro in foreign exchange reserves rebounded slightly. These are...

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