Switzerland is set to bow to years of pressure from the EU by overhauling the system of tax privileges that has helped entice thousands of multinational firms to the country.» Read More
Banks will face stiff penalties and intense public scrutiny if they fail to live up to the standards of a $25 billion mortgage settlement with state and federal authorities, according to court documents filed as part of the deal Monday in federal court in Washington. The NYT reports.
As the world’s biggest watch a jewelry fair opens its doors to 100,000 visitors in the Swiss town of Basel on Thursday, chiefs from some of the most exclusive luxury brands told CNBC they were optimistic about 2012.
A lead adviser to Greece on its debt deal, Mitu Gulati, argues that instead of repeated austerity-based bailouts, other European countries should cut a deal directly with their creditors to reduce their debt loads.
China's dollar reserves drop, and U.S. economic data awaits - it's time for your FX Fix.
Premium Swiss chocolate maker Lindt & Spruengli on Thursday warned that commodity markets remain volatile and that consumer sentiment is hit by the prospects of a worsening employment market.
The Brookings Institution analyzed the financial data of the world’s largest metropolitan areas and uncovered some interesting findings. Check out which cities were the most productive.
As ten enforcement agencies throughout the globe have been investigating a possible Libor rates fixing scandal for up to eighteen months, what regulators were looking for "doesn't seem to be what they are now encountering in terms of potential abuse," Megan Murphy, investment banking correspondent for the Financial Times, told CNBC.
UBS has suspended some of its most senior traders in connection with an international probe into the possible manipulation of interbank borrowing rates, in the latest controversy to hit the Swiss bank since the financial crisis, the Financial Times reports.
Unlike Greece, Portugal is a debtor nation that has done everything that the European Union and the International Monetary Fund have asked it to, in exchange for the 78 billion euro (about $103 billion) bailout Lisbon received last May. The NYT reports.
Reports that Brazil might follow India in purchasing the Rafale jetfighter from French plane maker Dassault Aviation will not only benefit to Dassault, but will also help electronics group Thales, Francois Mallet, managing director head of equity at Kepler Capital Markets said on Monday.
The European Central Bank's rescue of the region's banks by showering them with cheap loans could be creating the conditions for another financial crisis several years from now. The New York Times reports.
For all the struggles that Greece has gone through to satisfy its demanding lenders, Europe’s troubles are not going away, the New York Times reports.
Another batch of the riskiest mortgage-backed securities once owned by the American International Group are being auctioned off this week, according to two people familiar with the matter, a sale that would bring the insurance giant’s 2008 meltdown once step closer to a resolution.
Growth prospects for the merger between Glencore and Xstrata look healthy enough for shareholders to hold on to their stake, according to Jane Coffey, head of equities at Royal London Asset Management.
The Swiss Competition Commission said Friday it has launched an investigation into possible cartel behavior by a dozen banks including the country's two biggest institutions UBS and Credit Suisse.
Investors are predicting that Portugal will be next in line after Greece to impose losses on bondholders as it struggles to meet the terms of a $103 billion bailout agreement struck with international creditors last May. The New York Times reports.
Bowing to mounting evidence that austerity alone cannot solve the debt crisis, European leaders are expected to conclude this week that what the euro zone countries need is a dose of economic growth. The New York Times reports.
The demand for energy is expected to double in the next 40 years globally, as populations grow and access to electricity increases, yet a large-scale, safe alternative to fossil fuels has yet to be built.
During Europe's financial crisis the European Central Bank has been "an anchor of stability and confidence," former president Jean-Claude Trichet said.
Volatility has become a way of life, but people still have to eat. That's why sales at Dupont's agricultural businesses, including seed and insecticide, have been strong, according to CEO Ellen Kullman.