United States

US military bases that are stationed in Japan will not be relocated “within the foreseeable future” since the island country still needs security backing from the United States,  the Japanese Prime Minister Shizo Abe has claimed In an interview with the WSJ, published on Tuesday, Abe said: “I cannot conceive of any situation within the foreseeable future when the US presence wouldn’t be necessary” RT reports: The statement came in response to a question on the possibility of the withdrawal of American troops from Japan – a move recently proposed by Republican presidential front-runner Donal

In his speech yesterday, following the Treasury's crack down on corporate tax inversions, Obama blamed "poorly designed" laws for allowing illicit money transfers worldwide. Since the speech came at a time when the entire world is still abuzz with the disclosure from the Panama Papers, Obama touched on that as well: "Tax avoidance is a big, global problem" he said on Tuesday, "a lot of it is legal, but that’s exactly the problem" because a lot of it is also illegal.

Unlike yesterday's overnight session, which saw some substantial carry FX volatility and tumbling European yields in the aftermath of the TSY's anti-inversion decree, leading to a return of fears that the next leg down in markets is upon us, the overnight session has been far calmer, assisted in no small part by the latest China Caixin Services PMI, which rose from 51.2 to 52.2 (even if the employment index dropped to a three year low, suggesting China's labor problems are only just starting).

The Federal Bureau of Investigation (FBI) court battle with Apple over the security system in place on iPhones appears to be over. But some experts in the communications security community are expressing concern because of the Bureau’s unwillingness to reveal what exactly occurred to end the standoff.

Earlier today, for the first time we got a glimpse into some of the American names allegedly contained in the "Panama Papers", largest ever leak. "Some", not all, and "allegedly" because as we said yesterday, "one can't help but wonder: why not do a Wikileaks type data dump, one which reveals if not all the 2.6 terabytes of data due to security concerns, then at least the identities of these 441 US-based clients. After all, with the rest of the world has already been extensively shamed, it's only fair to open US books as well."