For years, wealthy Chinese have been transferring billions of U.S. dollars’ worth of their money overseas, snapping up pricey real estate in markets including New York, Sydney, and Vancouver despite their country’s currency restrictions.
U.S., Canada, and Mexico would promise to avoid devaluing their currencies for competitive purposes.
There’s no question that litigation costs loom among the top concerns currently bogging down companies. In fact, anywhere from 20 to 50 percent of a corporation’s legal spend is earmarked for litigation and e-discovery costs.
Bond market move could point to pending economic slump.
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Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
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