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Anders Borg the Swedish Finance Minister, tells CNBC that they are going to start negotiations with Switzerland and Lichtenstein and others based on anti-tax haven legislation.
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May 24- Abercrombie& Fitch Co on Friday reported a steeper-than-expected drop in first-quarter comparable sales, blaming inventory shortages, and slashed its profit forecast, sending the teen clothing retailer's shares down 10 percent.
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BERLIN- German business sentiment rises far more than expected in May, rebounding after two consecutive falls and suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter. ( GERMANY- ECONOMY/, expect by 0930 GMT/ 5.30 AM ET, by Sarah Marsh, 600 words).
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STOCKHOLM, May 23- Norway's Orkla, Danish brewer Royal Unibrew and private equity firm Nordic Capital have proceeded to the second round of bidding for Heineken's Finnish division Hartwall, three people familiar with the matter said.
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STOCKHOLM, May 23- The scene of Sweden's worst riots in years, Husby is on the surface at least a typically neat suburb of colourful playgrounds, manicured parks and low rise apartment buildings.
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May 22- Foreign banks that once treated Russia as an undiscovered country where easy money could be made are now finding it a cut-throat market tougher than some bargained for.
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LONDON, May 17- A rally in auto stocks and strong U.S. data helped European shares set a 5- year high on Friday and record their fourth consecutive weekly gain, with cyclical shares leading risers.
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SAN JOSE, Calif., May 16- One of the most urgent questions in economics today is the connection between inequality and growth. That is because one of the big economic facts of our time is the surge in income disparity, particularly between those at the very top and everyone else.
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Wednesday is the deadline for retailers to decide whether to join the consortium, led by labor groups such as Europe's IndustriALL, which said at least 24 garment and retail brands sourcing from Bangladesh had signed up so far.
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BRUSSELS, May 14- The European Commission plans to send a formal warning to China that it is ready to levy trade duties against telecoms equipment makers Huawei Technologies Co Ltd and ZTE Corp over what it says are illegal subsidies, people close to the matter said.
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May 14- North American retailers on Tuesday discussed forging their own Bangladesh safety agreement--an alternative to a legally binding accord that many European retailers have signed on to--though details of any alternative accord were still unclear.
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The trade associations collaborating on a possible North American plan include the National Retail Federation, Retail Industry Leaders Association, American Apparel& Footwear Association, United States Association of Importers of Textiles and Apparel, Retail Council of Canada and Canadian Apparel Federation, according to people familiar with the talks.
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Attorney General Eric Holder was likely to face a storm of questions on Tuesday over the Justice Department's controversial decision to seize telephone records of the Associated Press, a move denounced by critics as a gross intrusion into freedom of the press.
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Anders Borg the Swedish Finance Minister, tells CNBC that they are going to start negotiations with Switzerland and Lichtenstein and others based on anti-tax haven legislation.
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MADRID, May 14- Order dockets found in the rubble of a Dhaka garment factory where over 1,100 workers died show just why it pays foreign stores to buy from Bangladesh- clothes made for as little as a tenth of what they sell for in the West.
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*H&M, Inditex sign Bangladesh reform accord. *Wal-Mart asks Bangladesh government to shut unsafe factory. STOCKHOLM/ CHICAGO, May 14- Major U.S. retailers, including Gap Inc, declined to endorse an accord on Bangladesh building and fire safety backed by Europe's two biggest fashion chains, a trans-Atlantic divide that may dilute garment industry reform efforts.
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*H&M, Inditex sign Bangladesh reform accord. *Wal-Mart asks Bangladesh government to shut unsafe factory. STOCKHOLM/ CHICAGO, May 14- Major U.S. retailers including Gap Inc declined to endorse an accord on Bangladesh building and fire safety backed by Europe's two biggest fashion chains, a trans-Atlantic divide that may dilute garment industry reform efforts.
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STOCKHOLM/ MADRID, May 13- The world's two biggest fashion retailers Inditex and H&M, along with several other companies, have backed an accord aimed at preventing a repeat of last month's collapse at a Bangladesh factory building that killed more than 1,100 people.
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Faster responses to emergencies for people living in the Arctic, including floods or forest fires, were also urgently need, the report said. Arctic nation foreign ministers will meet in Kiruna, Sweden, on May 15 and are due to agree ways to work together to prevent and deal with oil spills.
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*Argentina could take its case to the Supreme Court. A U.S. judge ordered Argentina to pay the holdouts the full $1.33 billion owed them the next time it serviced restructured debt. Argentina appealed, and a ruling by the 2nd U.S. Circuit Court of Appeals is expected in the coming weeks.
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A 4 G network will give the fourth-biggest operator in Spain an advantage over rivals Telefonica and Vodafone, which have lost share to low-cost providers as customers in Spain- where the unemployment rate stands at 27 percent- seek cheap deals. Taulet said Yoigo, owned by Sweden's Teliasonera, will offer 4 G services in the Madrid region from July 18.