Browsing Category News
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EU to present draft law curbing auditors
Auditing firms in the European Union face more competition and curbs on their activities to restore their “tarnished” image, the bloc’s financial services chief has announced... -
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LSE to buy Toronto bourse making $4trn exchange
The London Stock Exchange (LSE) is to buy Canada’s TMX to claw back lost market share and create the world’s fourth-largest bourse trading $4.1trn of stock a year. Shares in th... -
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Xstrata year profit up 86%, outlook positive
Miner Xstrata reported a better-than-expected 86 percent jump in annual profit on stronger commodity prices and gave a positive outlook for 2011. The Anglo-Swiss miner said it was ... -
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McBride warns of second wave of material cost rises
A second wave of commodity price increases and a deteriorating British grocery market will hit profits at cleaning products maker McBride, it said on February 7, sending its shares... -
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Obama tries to woo business, slams ‘burdensome’ tax
President Barack Obama stepped up efforts to woo the US business community on February 7, seeking its help to tackle “burdensome” corporate taxes in a speech to a business grou... -
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UBS sees strong increase in new money in 2011
UBS said it expects to win back more money from clients in 2011 and has laid the foundations for a rebound in its investment bank as chief Oswald Gruebel turns around a bank almost... -
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WTO report said to condemn Boeing subsidies
Plane maker Boeing received unfair subsidies from the US government, a World Trade Organisation report said recently, according to Boeing’s European rival Airbus. The two compani... -
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Debt brake may be one German export too many
As Berlin presses its eurozone partners to introduce tough German-style deficit rules, first cracks are emerging in the country’s own commitment to the “debt brake” law it ho... -
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After the Great Recession, the Great Regression?
Wages, pensions, unemployment insurance, welfare benefits and collective bargaining are under attack in many areas as governments struggle to reduce debts swollen partly by the cos... -
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Rein: EU should follow Germany’s lead on reforms
European countries must implement the structural reforms that Germany has already carried out over the last couple of decades to ramp up competitiveness, the European Union’s top...
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