BNET Business Dictionary

Business Definition for: Offshore Financial Center

  • a country or other political unit that has banking laws intended to attract business from industrialized nations

Additional Resources

CMB LAUNCHES OFFSHORE BUSINESS TO ATTRACT HIGH-END CUSTOMERS
AsiaInfo Services 05-02-2005 CMB Launches Offshore Business to Attract High-end Customers SHANGHAI, May 02, 2005 SinoCast via COMTEX -- Shenzhen-based China Merchants Bank CMB, a leading shareholding commercial bank in the country, joins in the stream of rivals to hunt for...
Tags: China Merchants Bank
Research articles 2005-05-02
OFFSHORE SECTOR BOOMING DESPITE BLACKLIST.
The Cayman Islands, a British colony recently named on an international money-laundering blacklist, recorded a 51% increase in registered offshore companies in the past year, reports CANA-Reuters (October 25, 2000): The Caymans, said to be the world's fifth largest financial ...
Tags: banking, FINANCE, financial, OECD, Taxes
Research articles 2000-12-01
Delaware Beats Switzerland as Most Secretive Financial Center
By Kim DixonWASHINGTON (Reuters) -- Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.The United States, led by the eastern seaboard state, took in $2.6 trillion in deposits from non-resident...
Tags: Financial, Switzerland, Delaware, Taxes, Free Trade, Personal Finance, Tax, US
News items 2009-10-31
The little island that could: the Isle of Man was one of the early birds in 3G network building, for both technical and financial reasons. But it still largely remains a test market. (Networks).
The Isle of Man doesn't seem like a hotbed of wireless communications innovation. Anyone looking at a map of the British Isles might not even see it in the middle of the Irish Sea, just 33 miles long and 13 miles wide. ...
Tags: Manx Telecom Ltd.
Research articles 2003-07-01
Barbados: Barbados sets off Caribbean storm
The island haven of Barbados has found itself at the center of a whirlwind of accusations after its fellow Caribbean financial centers said it had stabbed them in the back. The accusations were made after the Organization for Economic Cooperation and Development OECD removed Barbados from its blacklist of off-shore...
Tags: FINANCE, OECD, Taxes
Research articles 2002-04-01
U.S. Investors Still Pumping Big Bucks Into Cayman Islands
Which countries attract the most U.S investment? First, let's look at the whole global portfolio. As of last year, U.S. investors held a total of $4.3 trillion in foreign securities, according to a Treasury Department report released today. Of that, $2.7 trillion is in foreign equities, $1.3 trillion in long-term...
Tags: U.S., Investor, Cayman, Taxes, Free Trade, Personal Finance, Financial Accounting, Investment, Financial Planning, Finance, Alain Sherter
Blog posts 2009-08-31
Citi At Center Of Regional Boom
As one of the world's leading global financial institutions, Citi has an unparalleled history of doing business in Asian markets. Against the backdrop of a regional boom in offshore investment by Asian institutions, particularly in China, and the substantial expansion of global investment flows into once ignored countries such as...
Tags: Citigroup Inc., Financial Accounting, Investment, Finance
White papers 2007-07-01
Reliance Steel & Aluminum Co. Q3 2007 Earnings Call Transcript
Question-and-Answer Session Operator [Operator Instructions]. Mr. Curran, your line is now live. Unidentified Analyst Hi everyone. Good morning. David Hannah - Chief Executive Officer How are you doing? Unidentified Analyst Good. I was wondering how on your daily...
Tags: Reliance Steel & Aluminum Co.
Earnings calls 2007-10-20
Royal Dutch Shell Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. We will now begin the question-and-answer session. [Operator Instructions] Theepan Jothilingam from Morgan Stanley is now online with a question. Theepan Jothilingam – Morgan Stanley Yes. Hi, good afternoon Peter. Just a couple of questions please. Just firstly, you've been very active...
Tags: Barrel, Call Transcript, CapEx, CFO, Currency & Foreign Exchange, Earnings, Finance, Financial Accounting, Financial Planning, Free Trade, Gorgon, Government, Guidance, Project, Quarter, Question, Royal Dutch Shell Plc., Seeking Alpha, Taxes, Term
Earnings calls 2007-10-25
Citrix Systems, Inc. Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator [Operator Instructions]. Your first question comes from the line of Sarah Friar with Goldman Sachs. Sarah Friar - Goldman Sachs Good quarter. If I could just turn to the operating margins, you talked about lower 20% range for 2008 and then extending back upward...
Tags: Citrix Systems Inc.
Earnings calls 2007-10-18
Winners and Losers in the New Job Market
The fall of Lehman and the broader financial crisis have transformed the job market. Among the consequences: Women are now better off than men and part-time is the new full-time. Here's how you can succeed in the new economic order. But it’s not the sheer numbers of jobs shed...
Tags: Job, Health Care, Worker, MoneyWatch, BLS, Recruitment & Selection, Human Resources, Workforce Management, Nancy F. Smith
Articles 2009-09-15
FLAGGING FAITH
Investors lost something more crucial than money in 2008. They lost faith. In the United States, millions of people have given up on the capital markets as a place to save for their future - so says the financial industry. In the middle of December, two Wall Street lobby groups...
News items 2009-08-07
Healthcheck on Global Operations
Many organizations have been operating offshore for some time. Whether through a joint venture, a wholly owned captive center or a partnership with a supplier, the services globalization strategy can sometimes take a wrong turn. A Healthcheck addresses all aspects of an engagement from corporate strategy, HR policies, infrastructure and...
Tags: NeoIT, Healthcheck, Globalization, Business Structures, Disaster Recovery, Outsourcing, Strategy, Management, Finance, Data Management, It Operations, Business Operations, Outsourcing & Subcontracting
White papers 2005-01-01
Winning the Race for Talent in Emerging Markets
What motivates a Uruguayan software engineer to work for an Indian company in Brazil? If you don't know, you risk losing the race for talent in emerging markets. These new markets are growing so fast, even...
Tags: Strategy, Talent, Employee, Tata Consultancy Services Ltd., Emerging Market, SCB, Signature Experience, Workforce Management, Human Resources, Harvard Business Review, In Brief, Hiring, Douglas A. Ready, Linda A. Hill, Jay A. Conger, Douglas A. Ready, Linda A. Hill, Jay A. Conger
Articles 2008-12-10
The New Job Market: Who Wins and Who Loses?
Recession, government spending, and demographics are transforming the workforce right before your eyes. To protect your career, make sure you're on the right side of history. If history is any guide, unemployment will continue to rise after the recession bottoms out, according to Steve Hipple, an economist with the...
Tags: Job, Health Care, Worker, MoneyWatch, BLS, Recruitment & Selection, Human Resources, Workforce Management, Nancy F. Smith
Articles 2009-06-24
AMCOL International Q1 2006 Earnings Conference Call Transcript (ACO)
Earnings Call ExcerptAMCOL International ACO Q1 2006 Earnings Release Conference Call April 21, 2006, 10:00 a.m. CT Executives Larry Washow, President and Chief Executive Officer Gary Castagna, Senior Vice President and Chief Financial Officer Jennifer Melsheimer, Investor Relations Manager Analysts ...
Tags: AMCOL International Corp.
Earnings calls 2006-04-19
Three Kinds of Savings Labor Arbitrage: How the Numbers Work
BPO is gaining significant traction in the outsourcing marketplace because of new components that create additional levels of value. Americans are discovering that not all talent on the planet resides in the United States. Major companies using offshore resources include technology companies; call center support and financial services companies. Labor...
Tags: Business Process, BPO, Arbitrage, OutsourcingBPO.com, Americans, Business Process Outsourcing (BPO), Outsourcing, Operational Planning, Financial Services, It Services, It Operations, Business Operations, Outsourcing & Subcontracting
White papers 2003-09-01
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