Ferial Haffajee: Inside Trevor Manuel's notes to a new finance minister

Ferial Haffajee: Inside Trevor Manuel's notes to a new finance minister

An internal document describing the work of a Finance Minister provides unprecedented insight into what awaits Tito Mboweni as the newly minted office-holder. Written by South Africa’s longest-serving Finance Minister Trevor Manuel, and lodged with the Zondo Commission of inquiry by Nhlanhla Nene when he testified last week, it sets out the role of a […]

SEC tightens the noose on ICO-funded startups

SEC tightens the noose on ICO-funded startups

During the past few months, the Securities and Exchange Commission has significantly widened its crackdown on certain initial coin offerings, putting hundreds of cryptocurrency startups at risk. The SEC sent out a slew of initial information-seeking subpoenas at the start of 2018. Now the agency has returned to many of those companies, and subpoenaed many […]

We're being punished for 'doing the right thing': Philippine Finance secretary

We're being punished for 'doing the right thing': Philippine Finance secretary

The Philippines is “being punished” for managing its economy in the right way, given the effect of tightening U.S. monetary policy on the embattled emerging market, Philippine Finance Secretary Carlos Dominguez suggested on Thursday. Speaking to CNBC at the IMF and World Bank meetings in Bali, Indonesia, Dominguez said that the U.S. should consider that […]

China finance: why 'accidental banks' face a crackdown

China finance: why 'accidental banks' face a crackdown

When Huarong Asset Management employees arrived at their Hong Kong headquarters on April 18, they found it had undergone a radical transformation. The walls of the company’s offices, which had been covered with images of the chairman Lai Xiaomin , now stood bare. Stacks of glossy books authored by Mr Lai had vanished. It was […]

South African finance minister resigns after graft testimony

South African finance minister resigns after graft testimony

JOHANNESBURG (AP) — South Africa’s finance minister resigned on Tuesday after acknowledging missteps during the scandal-tainted tenure of former president Jacob Zuma. The resignation of Nhlanhla Nene was announced by President Cyril Ramaphosa, who has pledged to clean up corruption and revive South Africa’s economy, which is in recession. The president appointed Tito Mboweni, former […]

AT&T will launch a direct-to-consumer service next year

AT&T will launch a direct-to-consumer service next year

AT&T’s streaming ambitions have an official timeline. The world’s largest telecom company is launching a direct-to-consumer service in the fourth quarter of 2019 per an 8-K it filed on Wednesday morning. John Stankey, CEO of WarnerMedia, announced the details at the Vanity Fair New Establishment Summit in Los Angeles. Since AT&T’s $85 billion acquisition of […]