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Cayman Islands

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  • *Germany, France, Poland, Italy, Spain, Britain to tackle evasion. DUBLIN, April 12- The European Union's six biggest countries agreed on Friday to cooperate in the fight against tax havens, piling pressure on Austria to follow Luxembourg in ending bank secrecy.

  • EU's six largest members agree to fight tax havens Friday, 12 Apr 2013 | 5:42 PM ET

    *Germany, France, Poland, Italy, Spain, Britain to tackle evasion. DUBLIN, April 12- The European Union's six biggest countries agreed on Friday to cooperate in the fight against tax havens, piling pressure on Austria to follow Luxembourg in ending bank secrecy.

  • *Germany, France, others prepare to outline plan against tax evasion. DUBLIN, April 12- Austria dismissed calls on Friday to follow Luxembourg in ending bank secrecy but pressure grew as a group of Europe's biggest countries prepared to outline plans to tackle tax evasion.

  • Austria defies EU pressure to lift bank secrecy Friday, 12 Apr 2013 | 5:00 AM ET

    *Ministers set to give Ireland, Portugal longer to repay EU loans. DUBLIN, April 12- Austria vowed on Friday to stick to its bank secrecy laws, defying renewed pressure to follow Luxembourg in revealing information on European Union depositors with governments to clamp down on tax evasion.

  • HIGHLIGHTS-Comments from euro zone finance ministers Friday, 12 Apr 2013 | 3:58 AM ET

    DUBLIN, April 12- Austria vowed on Friday to stick to its bank secrecy laws, defying pressure from Germany to follow Luxembourg in agreeing to reveal information on EU depositors as finance ministers gathered in Dublin for a two-day meeting. "Austria is sticking to bank secrecy.

  • DUBLIN, April 11- Under fire for its banking secrecy, Austria hit back at Britain and the United States on Thursday, urging them to crack down on money laundering and tax havens in their own backyards, as EU ministers prepared to debate the issue in Dublin.

  • Austria slams US, UK "tax havens" as EU turns up heat Thursday, 11 Apr 2013 | 10:30 AM ET

    DUBLIN, April 11- Austria hit back at critics of its banking secrecy on Thursday by urging Britain and the United States to crack down on money laundering and tax havens in their own backyards, as EU ministers prepared to debate the issue in Dublin.

  • Obama to pitch Buffett tax, killing corporate tax breaks Wednesday, 10 Apr 2013 | 5:59 AM ET

    WASHINGTON, April 10- President Barack Obama on Wednesday will issue a greatest hits list of ideas to raise $580 billion in new tax revenues over a decade, including a minimum tax on the wealthy and putting an end to some corporate tax breaks, administration officials said.

  • BERLIN, April 5- German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus had shown was flawed.

  • WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out the Chinese solar panel maker to avoid a collapse of one of the country's biggest corporates, a person with knowledge of the matter told Reuters on Thursday.

  • In Suntech's China home, high hopes for a bailout Thursday, 21 Mar 2013 | 2:24 AM ET

    WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out the Chinese solar panel maker to avoid an embarrassing corporate collapse, a person with knowledge of the matter told Reuters on Thursday.

  • BEIJING/ BANGALORE, March 20- A group of Suntech Power Holdings Co Ltd lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing's support for the struggling industry is waning.

  • *Move could signal China's support for industry waning. BEIJING/ BANGALORE, March 20- A group of lenders has filed a petition for the main subsidiary of China- based solar panel maker Suntech Power Holdings to be declared insolvent, a sign the country's support for the loss-making industry may be waning.

  • March 15- Carnival Corp& Plc said on Friday said that its Carnival Legend ship, on the last leg of a seven-day Caribbean cruise, was having technical difficulties that were affecting its sailing speed. The problem prompted Carnival to cancel a scheduled stop on Friday on Grand Cayman, Cayman Islands.

  • *Cuts earnings forecast to $1.80- $2.10/ shr vs $2.20- $2.40. March 15- Carnival Corp, the world's largest cruise operator, swung to a quarterly profit on Friday but posted lower revenue per cabin and cut its profit and revenue forecast for the year, citing weakness in Europe and pricing promotions.

  • March 15- Carnival Corp& Plc said on Friday said that its Carnival Legend ship, on the last leg of a seven-day Caribbean cruise, was having technical difficulties that were affecting its sailing speed. The problem prompted Carnival to cancel a scheduled stop on Friday on Grand Cayman, Cayman Islands.

  • *Trims earnings forecast to $1.80- $2.10/ shr vs $2.20- $2.40. March 15- Cruise operator Carnival Corp, grappling with a series of recent headline-grabbing mishaps involving its ships, said on Friday it returned to profitability in the latest quarter but cut its revenue and profit forecast for the year.

  • HONG KONG, March 12- Cash-strapped Chinese solar panel maker Suntech Power Holdings Co Ltd is likely to be bailed out by the state, despite a temporary reprieve from some debt holders, as it struggles to cover a $541 million convertible bond due within days.

  • Fugitive hedge fund manager arrested in Italy Saturday, 9 Mar 2013 | 11:37 AM ET

    March 9- German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles. Absolute Capital, based in the Cayman Islands, managed nine hedge funds from 2004 to September 2007.

  • DUBAI, March 7- Islamic fund managers in the Gulf are increasingly choosing foreign domiciles for their products, favouring their cost- efficiency and reputation for strong regulation as investors seek to avoid any suspicion of money laundering or tax evasion.

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