Banks fail to persuade regulators to dilute new buffer rules


LONDON - Rules will soon be finalised forcing the world's top banks to hold enough liquid assets to cover between 16 and 20 percent of their liabilities, after industry lobbying failed to persuade regulators to relax the plan.

India, U.S. to sign tax pact Thursday - sources

NEW DELHI - India and the United States will sign a tax information sharing agreement on Thursday, under a new U.S. law meant to combat offshore tax dodging by Americans, two Indian government sources and a source at the U.S. embassy said.

World, 08 Jul 2015

EU leaders forced Greece to drop last referendum but may not interfere now

BRUSSELS - A Greek prime minister torn between accepting harsh bailout terms and a rebellion by the left wing of his party decides to call a referendum to break the political deadlock.

Business, World, 27 Jun 2015

Insight - Market watchdogs fight back against central banks

LONDON - An uneasy truce between market watchdogs and central banks, struck during the financial crisis, is showing signs of strain as they look for ways to tackle potentially extreme volatility in bond markets when interest rates start to rise.

Turkey seeks progress on more focussed, inclusive G20 growth plan

BODRUM, Turkey - The world's leading economies have narrowed down their commitments to boost global growth under a G20 plan and should be able to demonstrate progress by the end of Turkey's G20 presidency this year, a senior Turkish official said on Monday.

Business, Middle East 15 Jun 2015

Champagne ponders FIFA presidential bid, calls for voting system reform

ZURICH - Former FIFA official Jerome Champagne said he is considering whether to make another run for the presidency of soccer`s global governing body and called for whoever gets the job to heal the rift between Europe and the rest of the world.

Sport, 11 Jun 2015

EU gives banks, pension funds more breathing space over derivatives

LONDON/AMSTERDAM - The European Commission will give banks in the EU another six-month exemption until December from having to hold extra capital to cover transactions at clearing houses that don't meet the bloc's standards.

Business, 04 Jun 2015

Rights groups reject OECD approach on corporate tax avoidance

LONDON - An international campaign to stamp out corporate tax dodging will fail and G20 leading economies should instead adopt a global minimum tax rate for multinationals, a coalition of 10 charities and human rights bodies said.

Business, 02 Jun 2015

Japan finance minister Aso says yen slide 'rough,' will watch closely

DRESDEN, Germany - Japanese Finance Minister Taro Aso on Thursday fired a verbal warning shot against the yen's slide, saying that the decline in recent days had been "rough" and he would monitor foreign exchange markets carefully.

Business, Japan 28 May 2015

Insight - In new trend, European fund firms become banks in all but name

LONDON - Australian Symon Drake-Brockman is on the front line of a revolution in European finance.



Global GDP comparison

A graphical look at the world's top economies by size and per-capita production.  Interactive