LONDON - HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on UK banks makes staying in Britain increasingly painful.
Recent Business News
LISBON - Portugal's Banco BPI is no longer in the race to buy Novo Banco after the country's central bank picked five out of seven potential bidders last week, BPI said.
BERLIN - IG Metall union said on Sunday there is no reason to undermine Volkswagen Chairman Ferdinand Piech after the row over the carmaker's leadership.
SHANGHAI - Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth.
MUMBAI - Indian tax authorities have issued a fresh notice to Vodafone Group Plc seeking re-assessment of tax returns for assessment year 2009-2010, news channel ET Now reported on Saturday citing sources familiar with the development.
SHANGHAI - Volkswagen is exploring the possibility of developing budget sports utility vehicles (SUVs) and multi-purpose vehicles (MPVs) in China in a bid to keep up with shifts in the market, its China chief executive, Jochem Heizmann, said on Sunday.
- Gold: PRECIOUS-Gold pares gains after U.S. inflation data
- Oil Report: WRAPUP-Oil slide slashes Q1 profit, not investment plans at Saudi's SABIC
- British Pound Report: Sterling hits four-week high vs euro after ECB sticks to QE guns
- US Dollar Report: FOREX-Dollar posts worst week in four as traders mull soft U.S. data