G20

China's shadow banking sector growing rapidly, third largest in world - FSB

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BEIJING - China's shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board showed on Friday.

Germany, Britain expect patent box deal at G20 meeting

BERLIN - The finance ministers of Germany and Britain said on Wednesday that they expect an agreement on closing a loophole called "patent box" tax breaks to be reached at a meeting of the leaders of the Group of Twenty (G20) in Brisbane.

Business, 29 Oct 2014

Bank of England sets out tough regime for failed banks

LONDON - Top managers of a failed bank would be replaced immediately and creditors told within two days the losses they will bear, the Bank of England said on Thursday in its blueprint for avoiding taxpayer bailouts in future financial crises. This is the first time the British central bank has set out the steps it would take over an initial 48-hour period to deal with a collapsing bank. The lender's top executive management would be fired on the spot and the bank's liabilities u

Business, UK, 23 Oct 2014

Reform-minded outsider Widodo takes over as Indonesia's president

JAKARTA - Indonesia's Joko Widodo took over as president of the world's third-largest democracy on Monday with supporters' hopes high, but pressing economic problems and sceptical rivals set to test the former furniture salesman. | Video

World, 20 Oct 2014

Reform-minded outsider Widodo takes over as Indonesia's president

JAKARTA - Indonesia's Joko Widodo will on Monday take over as president of the world's third-largest democracy with supporters' hopes high but pressing economic problems and sceptical rivals set to test the former furniture businessman.

World, 20 Oct 2014

Getting used to the 'new mediocre'

LONDON - Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy.

Business, 19 Oct 2014

Three London FX traders leave JP Morgan and HSBC - sources

LONDON - Three London-based currency traders have left JP Morgan and HSBC , sources said on Tuesday, as investigations by banks and regulators into alleged collusion and manipulation in the $5.3 trillion-a-day market draw closer to a settlement.

Business, 14 Oct 2014

Irish tax changes may cost U.S. groups billions

LONDON - Ireland's plan to close a "Double Irish" tax loophole could cost U.S. companies including Apple and Google billions of dollars, although a new break and pressure to tackle tax avoidance elsewhere means they are unlikely to decamp.

Business, 14 Oct 2014

G20 watchdog toughens up new rule for securities financing

LONDON - Global regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in "shadow banking".

Business, 13 Oct 2014

Australia PM says will confront Putin at G20 over downed flight MH17 'murders'

SYDNEY - Australian Prime Minister Tony Abbott said on Monday that he would use an upcoming G20 leaders summit to confront Russian President Vladimir Putin over the downing of Malaysia Airlines Flight MH17 and the "murder" of Australian citizens.