Member News

Member News
13
Aug
By John Czapla and Adrian Lowery, Valuation Research Corporation
The article in brief:
• The European private market has show resilience in the face of global economic uncertainty, with primary and secondary loan issuance rebounding after a slowdown in April 2025 due to the the U.S. tariff announcements.
• The European market is becoming an increasingly competitive alternative to the U.S. market, with stronger fundraising and a more favorable regulatory environment, driven by lower leverage levels, lower inflation, and active government stimulus.
•...
12
Aug
Are you in a leadership position in your company right now? Or do you aspire to be in that position someday? No matter where you are, these qualities can be worked on right now. If you want to be a good leader, they’re essential to your success.
Communication
How are your communication skills? Could your current communication proficiency even be called a “skill”? Communication as a leader is vitally important because your team needs to know what you need from them....
12
Aug
By William Hays Weissman and Andrew Ignacio, Littler
In Mennemeyer v. Commissioner,1 the United States Tax Court reminds us that a settlement agreement that is not carefully drafted can have significant tax consequences.
Background
The employee was employed as a financial specialist. She was fired for dishonesty, which made it difficult for her to find subsequent work. She initiated Financial Industry Regulatory Authority (FINRA) arbitration, asserting claims for defamation, wrongful termination, unfair competition, tortious interference with business expectancy, and expungement. The employee was awarded...
11
Aug
In tariffs news… the main story is that many of the long-promised country-specific tariffs went into effect on August 7. Hopefully, supply chains can move forward with more certainty and the true market impacts can begin to be understood.
In an important country-specific update, President Trump issued an executive order (click to read) announcing an additional 25% tariff on India as punishment for importing Russian oil.
Speaking of market clarity for importers, as part of the U.S. Maritime Administration’s recently introduced...
11
Aug
ING is one of five international banks backing a new defence bank that’s being set up to help NATO countries and their allies to finance their defence needs.
ING will provide both financial and technical support to the Defence, Security and Resilience Bank (DSRB). The other financial institutions involved are Commerzbank, JP Morgan, LBBW and RBC Capital Markets.
The creation of the not-for-profit defence bank follows the recent commitment by NATO countries to invest 5% of their GDP in defence. Building...
11
Aug
Key Takeaways
• The White House has announced a broader set of country-specific tariffs, with some higher than expected, such as the 39% tariff on imports from Switzerland.
• We see announced tariffs as possibly resulting in a 4-percentage-point (pp) drag on 2025 MSCI AC World earnings growth.
• Combined with signs of economic slowdown, the tariffs could raise questions about how sustainable continued near-term upside is for equity markets.
In a new report from Citi Research, a team of equity strategists led...
08
Aug
Strong trade relationship with the United States
The United States has been one of Port of Antwerp-Bruges’ most important trading partners for over two decades. In 2024, the US accounted for approximately 10% of the port’s total maritime cargo traffic, with a trade volume of 28 million tonnes. Both import and export took place on a large scale, with slightly more imports than exports.
• Container traffic was the largest segment in transatlantic trade, totaling over 14 million tonnes of goods. Exports...
08
Aug
What happened?
Since the Trump administration’s July 7 announcement delaying implementation of reciprocal tariffs from July 9 to August 1, the United States has reached preliminary framework trade agreements with the European Union (EU), Japan, Indonesia, and the Philippines (see PwC's Tax Insights dated July 11, July 18, and July 30). Preliminary trade agreements with China and Vietnam also have been reached and a trade agreement with the United Kingdom has been finalized. Following the release of our July 30...
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