Switzerland, at risk of losing its crown as the world’s top wealth management hub to Singapore, is seeking a deal on billions of dollars of untaxed money hidden at its banks, under pressure from cas...
The Nikkei average clawed up 0.7 percent on Wednesday on window-dressing before the end of Japan’s financial first half, but it pared earlier gains as the yen’s strength revived and resistance hel...
The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and US oil spill halved its profits, and said it saw no respite from a steady decli...
European workers have put aside $2.5trn less than they need to fund their retirement, condemning many to a penurious old age unless they start saving more, British insurer Aviva said. The shortfall is...
The European Commission has said it intends to use a its plan to reform financial markets to rein in speculation on commodities markets, notably by reinforcing controls and extend the market abuse leg...
In a week in which French president Nicolas Sarkozy defended his country’s treatment and exportation of a substantial number of dislocated Romas, the same government has stirred controversy within t...
Iran’s central bank has agreed to open won accounts at two South Korean state-owned banks to avert disruption in bilateral trade despite international sanctions, Seoul’s finance ministry has annou...
Potash Corp is trying to stitch together a consortium led by China to back a management buyout to trump BHP Billiton’s $38.6bn hostile offer, according to the Globe and Mail. Potash Corp has said ev...
At times like this, both can claim to have right on their side. The yuan’s rise against the dollar on September 14 to the highest level since it was revalued in July 2005 comes on the heels of anoth...
A German central bank board member who caused outrage with remarks about Muslim immigrants and Jews has resigned after coming under pressure from political leaders including Chancellor Angela Merkel. ...