Archives
Athens prepares a compromise before Eurogroup
February 10th, 2015
Plan entails ‘bridge program’ to September, possible use of loan tranche Government sources Monday gave a preview of the proposal planned for Wednesday’s crucial Eurogroup summit, foreseeing a bridge program linking to a “new deal” with creditors that would ...
Wieser-Costello: They came, they saw, they left
February 9th, 2015
Euroworking group chief Thomas Wieser and European Commission representative Declan Costello have departed on Monday morning from Athens, after their visit in the Greek capital which lasted only for a few hours. Two days ahead of the extraordinary Eurogroup ...
Central Banks Move to Drive Down Currencies, Yielding Domino Effect
February 9th, 2015
The central-bank stimulus spree of 2015 has the look of a global currency war. In quick succession, countries representing about a third of the world’s economic output—from the eurozone to China, Australia and Canada—have taken steps that have driven ...
U.S. Banks Say Soaring Dollar Puts Them at Disadvantage
February 9th, 2015
Firms Say They May Be Forced to Hold More Capital Than Foreign Rivals The strengthening U.S. dollar is rippling through the financial system in unexpected ways, revealing what bankers say is a hidden flaw in a Federal Reserve proposal ...
HSBC files show how Swiss bank helped clients dodge taxes and hide millions (Video)
February 9th, 2015
Data in massive cache of leaked secret bank account files lift lid on questionable practices at subsidiary of one of world’s biggest financial institutions. HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of ...
Asian markets mostly down on China exports
February 9th, 2015
Asian markets traded mostly lower on Monday as surprisingly weak trade data from the world’s second largest economy, China, dented investor confidence. Figures released on Sunday showed exports were up 3.3% in January from a year ago, while imports ...
Bottom Line for S&P 500 Is Top Line as Price-Sales Ratio Expands
February 9th, 2015
The bottom line for this bull market may turn out to be the top line. After a six-year run in the Standard & Poor’s 500 Index, corporate revenue, not corporate profits, is flashing red. Judged against sales, the index ...
Greek prime minister not backing down
February 9th, 2015
With a difficult week looming for Greece and amid rising pressure from creditors, Prime Minister Alexis Tsipras on Sunday presented his government’s policy program in Parliament, pledging to implement pre-election promises to revoke austerity measures, though not all at ...
China moves to further relax approval requirements on outbound investments by Chinese investors
February 6th, 2015
Since the announcement of the “go global” (“走出去”) policy in 2000, the People’s Republic of China (“PRC” or “China“) has achieved a tremendous acceleration in its overseas foreign direct investment, transporting China from a country punching well below its ...
PwC rejects Margaret Hodge’s claims that it promotes “tax avoidance on an industrial scale”
February 6th, 2015
PwC has rejected the findings of the Public Accounts Committee, which has accused the financial services firm of promoting “tax avoidance on an industrial scale”. The committee, led by Labour MP Margaret Hodge, published a report this morning slamming ...
