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Luxembourg taken off tax transparency 'grey list'
Luxembourg - Luxembourg has been removed from a grey list of countries seen by the Organization for Economic Cooperation and Development (OECD) lacking financial transparency, the country's Budget Minister Luc Frieden said Wednesday. The Paris-base...

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[Posted on : 2009-07-08 ] Category : [ Finance (General) ]

Swiss government: Illegal to transfer client information to US govt
Geneva - Swiss banks are not allowed to transfer client information to United States authorities, the government in Bern said in a statement on Wednesday. Switzerland filed its position Tuesday with a court in Miami, Florida, in response to US author...

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[Posted on : 2009-07-08 ] Category : [ Finance (General) ]

Malaysia to investigate reports of North Korean bank accounts
Kuala Lumpur - Malaysia pledged Monday to cooperate fully with the United States on allegations that North Korea was using its banks to channel financial transactions for weapons deals. US envoy Philip Goldberg met with Malaysian bank officials Monda...

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[Posted on : 2009-07-06 ] Category : [ Finance (General) ]

New finance minister confirmed in Lithuania
Vilnius - Ingrida Simonyte was confirmed as Lithuania's new finance minister Friday. Simonyte, 34, has worked at the ministry since 1997. From 2002 she headed the tax department. She was appointed a ministerial undersecretary in 2004. ...

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[Posted on : 2009-07-03 ] Category : [ Finance (General) ]

Portugal gets new economy minister after insult in parliament
Lisbon - Portuguese Finance Minister Fernando Teixeira dos Santos will on Monday be sworn in as economy minister after Manuel Pinho resigned from the post over making an offensive gesture to a political opponent, government sources said Friday. Teixe...

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[Posted on : 2009-07-03 ] Category : [ Finance (General) ]

Germany toughens up rules on tax havens
Berlin - Germany's parliament passed legislation Friday that increases taxation scrutiny of companies and private individuals who have business ties to tax havens. The bill, drafted by Finance Minister Peer Steinbrueck but later watered down by the g...

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[Posted on : 2009-07-03 ] Category : [ Finance (General) ]

EU says to provide Latvia second loan instalment by end of July
Brussels - The European Commission will pay out the second instalment of its 3.1-billion-euro (4.4-billion-dollar) emergency loan to Latvia in the second half of July, officials in Brussels said Thursday. The instalment, which consists of 1.2 billi...

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[Posted on : 2009-07-02 ] Category : [ Finance (General) ]

Sweden's Central Bank to cut interest rate to 0.25 per cent
Stockholm - Sweden's Central Bank said Thursday it will cut its interest rate next week to a record low 0.25 per cent, citing the weak development of the economy. Sweden has been hit hard by the global economic downturn and exports have fallen, the ...

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[Posted on : 2009-07-02 ] Category : [ Finance (General) ]

Remittances from Mexican expatriates fell 20 per cent in May
Mexico City - Remittances from Mexicans working abroad fell 19.87 per cent in May, as compared to the same period last year, Mexico's central bank said Wednesday in its monthly report. Mexican migrants sent 1.9 billion dollars home in May, compared t...

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[Posted on : 2009-07-01 ] Category : [ Finance (General) ]

Swedish presidency welcomes opening of EU tax talks with Turkey
Stockholm - Swedish Prime Minister Fredrik Reinfeldt Wednesday welcomed the opening of talks between the European Union and Turkey on bringing Turkey's tax laws into line with those of the bloc as his country assumed the rotating EU presidency. Speak...

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[Posted on : 2009-07-01 ] Category : [ Finance (General) ]

Zimbabwe's toddler 'terrorist' struggles to reintegrate - Feature

Australia debates whether to close sacred Uluru - Feature

Aung San Suu Kyi's trial resumes amid tight security

LA police chief: Jackson investigation might turn criminal - Summary

Indonesian maids in Hong Kong claim they are abused and underpaid

Vietnam to discuss Mekong River with Thailand

Yen's continued strength sends Tokyo markets lower

ANALYSIS: Can world powers walk the climate walk fast enough?

300 hurt, thousands homeless after southwest China quake - Update

No end in sight in talks on resolving Honduran crisis - Summary

Documentarian Moore readies new movie Capitalism: A Love Story

Colombian family says they saw ghost of Michael Jackson

EU official: Possible sanctions unless Iran resolves election issue

More than 300 injured quake in south-west China

Exit festival rocks despite rain, flu, economic crisis - Feature

Financial shares push US stocks higher

Poor weather a concern for Endeavour launch

US deports Bolivia's 'cocaine minister'

US releases Iranian diplomats in Iraq - Summary

Real Madrid welcome Benzema, prepare to sell Huntelaar