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Banking blunder hands out Belgian bonanza
Brussels - There were red faces in the Belgian Post Office on Thursday after a banking blunder handed out bonanza payments to some 50,000 unemployed people. The 40-million-euro (60-million-dollar) mistake came after the country's employment agency, C...

[Posted on : 2009-10-22 ] Category : [ Finance (General) ]

Brussels seeks end to EU 'asylum lottery'
Brussels - Officials in Brussels on Wednesday called for common and fairer asylum rules within the European Union in order to offer refugees a higher level of protection. The proposals put forward by the bloc's top justice official, Jacques Barrot, a...

[Posted on : 2009-10-21 ] Category : [ Finance (General) ]

Spanish premier clears first budget hurdle
Madrid - Spanish Prime Minister Jose Luis Rodriguez Zapatero on Wednesday secured sufficient initial support for the government's 2010 budget despite heavy criticism of his economic policies. Zapatero heads a minority Socialist government which depen...

[Posted on : 2009-10-21 ] Category : [ Finance (General) ]

EU postpones agreement on details of financial supervision
Luxembourg - European Union finance ministers Tuesday reached a broad agreement on the creation of a common financial supervision watchdog, but postponed tricky discussions on the details until a December summit amid ongoing concerns in Britain. In...

[Posted on : 2009-10-20 ] Category : [ Finance (General) ]

Singapore will not allow 'fishing expeditions' to fight tax evasion
Singapore - Singapore Law Minister K Shanmugam on Tuesday said the city-state would not allow unwarranted financial investigations in the fight against cross-border tax evasion, even after it had implemented the international standard on tax informat...

[Posted on : 2009-10-20 ] Category : [ Finance (General) ]

Europe's crisis-hit middle class 'turning to Red Cross' - Summary
Geneva - Europe's middle-classes are among the groups who previously did not require humanitarian assistance but are now turning to the Red Cross for help, a study released Monday said. The International Federation of the Red Cross and Red Crescent S...

[Posted on : 2009-10-19 ] Category : [ Finance (General) ]

Red Cross: Europe's middle-class hard hit by economic crisis
Geneva - Europe's middle-class was among the groups who previously did not require humanitarian assistance now turning to the Red Cross for help, according to a study released Monday. The International Federation of the Red Cross and Red Crescent Soc...

[Posted on : 2009-10-19 ] Category : [ Finance (General) ]

Hungarian bank cuts base rate to lowest level in three years
Budapest - Hungary's central bank lowered its base rate on Monday from 7.5 to 7 per cent, the lowest level in three years and the fourth 50-basis-point cut in as many months. The move, which was in line with market expectations, continues the Hungari...

[Posted on : 2009-10-19 ] Category : [ Finance (General) ]

Sri Lanka probes arrested US stock market investor
Colombo – Sri Lanka is investigating the dealings of a hedge-fund manager who was arrested in the United States to ascertain whether he financed a prominent front organization of Tamil rebels, the Central Bank said Monday. Sri Lanka-born multi-billio...

[Posted on : 2009-10-19 ] Category : [ Finance (General) ]

Austria to block Liechtenstein-EU tax 'transparency' deal
Vienna - Austria will threatening to veto a tax cooperation deal due to be signed between Liechtenstein and the European Union, the finance ministry in Vienna said Monday. Along with Luxembourg, Austria is opposed to the deal with Liechtenstein - to ...

[Posted on : 2009-10-19 ] Category : [ Finance (General) ]

 

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