The Ministry of internal security of the United States recently proposed to cancel proposed during the presidency of Barack Obama, the rule that allows immigrants to establish companies in the United States, to remain in the country for two and a half years with possibility of extension. This writes the Business Insider.
Last year, the Ministry of homeland security has postponed the entry into force of this rule from July 2017 to March 2018. The Department eventually announced that it will completely abandon this rule to protect U.S. workers.
This ad has drawn criticism from industry experts and specialists. In their view, the rejection of policies that protect immigrants who are established in the USA new companies (and new jobs) will give an effect opposite to the intended.
The data of the analytical centre “national Foundation for American policy” (NFAP) support the arguments of experts.
44 of 87 startups valued at $1 billion or more that existed in the United States as of January 1, 2016, founded or acted as the co-founders of the immigrants.
Each of these startups have created an average of 760 jobs.
India was the leading country of origin of the immigrants that founded startups. From this country arrived in the United States 14 entrepreneurs.
Second place is shared by Canada and the UK (8 entrepreneurs), third place – Israel (7).
They are followed by Germany (4) China (3) France (2) Ireland (2). Even from 12 countries arrived in the United States one businessman, who became the (co)founder of a startup worth over $1 billion.
The US has fined JPMorgan $65 million
The American government has fined JPMorgan Chase Bank for many years attempts manipulation of interest rates, ISDAfix, which is used in a variety of derivative financial instruments.
The Commission on trade commodity futures (CFTC) announced the presentation of a fine in the amount of $65 million In a press release from the regulator notes that employees of JPMorgan Chase during the period from 2007 to 2012 “have made false statements and tried to manipulate the ISDAfix rate in American dollars.”
As noted, the JPMorgan traders in a daily for so many years was actively trying to influence the rate change from transactions, and/or sending orders for other instruments, particularly government bonds U.S. district time fixing rate (11:00 us Eastern time).
Over the last several years over allegations of manipulation of ISDAfix rate has been fined a number of other leading banks in the world, in particular, Goldman Sachs, RBS and Deutsche Bank.
China’s markets fall because of the threat of new fees USA
Chinese stocks have become the largest decline in Asia after the US President Donald trump has made a new step in the ongoing trade conflict between the two largest economies in the world.
The main index of mainland China Shanghai Composite by 9:00 MSK fell by 3.19%.
Meanwhile, the Shenzhen composite index fell by 4.93%.
Hong Kong’s Hang Seng at 9:01 MSK lost 2.58 per cent.
Shares of the Chinese manufacturer of telecommunications equipment ZTE Corp. fell more than 25% in Hong Kong after the U.S. Senate passed a bill containing an amendment that blocks previously reached agreement, which allowed ZTE to resume business with American suppliers.
As reported “Vesti.Economy”, the US President Donald trump said Monday that he had instructed U.S. trade representative to prepare a list of Chinese goods in the amount of $200 billion, against which there can be introduced an additional fee at the rate of 10%.
This measure is adopted, if China does not “change the practice”, said trump.
The Ministry of Commerce of China called the move “pressure and blackmail” and said that it would take retaliatory measures.
The Japanese Nikkei 225 index on Tuesday fell to 1.75%, South Korean KOSPI – on 1,26%.
Meanwhile, the Australian index S&P/ASX 200 edged up 0.1%.
Growth defensive assets like the Japanese currency. 9:18 yen appreciated by 0.85% against the dollar.
Last week, China’s state Council has approved the introduction of an additional fee at the rate of 25% for 659 items us goods worth about $50 billion. It was a response to the decision by trump to impose the same tariffs on Chinese goods.
