G20

Analysis - Financial market storm brewing as 2014 winds down

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LONDON - After a year in which world markets have sailed effortlessly through wars, invasions and geopolitical ferment, a storm of their own making may well be brewing.

EU says Ireland swapped Apple tax deal for jobs

BRUSSELS/LONDON - The European Union has accused Ireland of swerving international tax rules by letting Apple shelter profits worth tens of billions of dollars from revenue collectors in return for maintaining jobs.

Business, 30 Sep 2014

Germany may close foreign 'patent box' tax loophole - report

BERLIN - German Finance Minister Wolfgang Schaeuble is working on closing a tax loophole whereby German firms use so-called "patent box" tax breaks available abroad on profits generated from patented research to minimize tax bills, according to a magazine report.

Business, 27 Sep 2014

UK talking to six banks about settling FX probe - sources

LONDON - Britain's financial regulator has intensified talks with six major banks over allegations of collusion and manipulation in the foreign exchange market, setting the stage for a group settlement that could cost them close to 2 billion pounds.

Business, 26 Sep 2014

Global regulator flags change in how banks calculate capital

LONDON - Banks face curbs on their ability to downplay how much capital they should hold, as regulators bid to restore investor confidence in the sector, a top global banking watchdog has said.

Business, 25 Sep 2014

Exclusive: P&G, Hasbro in crosshairs of Mexico's taxman - sources

MEXICO CITY - The world's largest household product maker Procter & Gamble and No. 2 toymaker Hasbro are at the heart of a Mexican probe into tax avoidance that could cost the firms hundreds of millions of dollars in back-taxes between them, sources told Reuters.

Business, 25 Sep 2014

Time for business to get involved in Africa Ebola battle – AfDB chief

LONDON - West African nations hit by the Ebola virus epidemic will need international help to rebuild for years to come and it is time for mining companies and business to get involved, the head of the African Development Bank (AfDB) said on Tuesday.

Africa, World, 23 Sep 2014

Regulators back widening of FX fixing window to five minutes - sources

LONDON - Global regulators have decided to back a widening to five minutes of the 60-second window during which daily currency reference rates are fixed, as part of industry efforts to overhaul the world's biggest market, banking sources said on Tuesday.

Business, FXpert, 23 Sep 2014

Derivatives industry calls global reporting plan a dream

LONDON - Plans for a global snapshot of risks in the financial derivatives market are a "dream" that must not detract regulators from tackling discrepancies in trade reporting, a top industry official said on Tuesday.

Business, 23 Sep 2014

Valls tells Germans France isn't EU's 'sick child'

BERLIN - France's Manuel Valls used his first visit to Berlin as prime minister on Monday to try to convince Germany his government is serious about making its economy more competitive, declaring that France "is not the sick child of Europe". | Video

Business, 22 Sep 2014