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Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.
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Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.
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LONDON, May 17- European Union officials will next week propose capping financial sector pay above 500,000 euros, accountancy firm PwC said on Friday, suggesting the world's most stringent curbs for the industry will affect far more bankers than previous rules.
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LONDON, May 17- Budgets are made to be broken- especially when they are written by politicians. The shares of petroleum and mining companies listed on New York, London and other stock exchanges value them as if all these resources will be extracted and burned.
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"It is my responsibility as the leader of a founder member of the European Union... to pull Europe out of this torpor that has gripped it, and to reduce people's disenchantment with it," Hollande said, casting himself as something of a saviour. "If Europe stays in the state it is now, it could be the end of the project."
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WASHINGTON, May 16- The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial markets, the World Bank predicted in a report on Thursday.
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*Exit could be' bumpy', IMF study shows costs could be high. WASHINGTON, May 16- Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to reverse course, the IMF said on Thursday.
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*France pushing to exclude audio-visual sector. BRUSSELS, May 16- European Union trade chief Karel de Gucht urged EU members on Thursday not to exclude film and television from EU-U.S. free trade talks, saying that could prompt similar action from the Americans and undermine an eventual deal.
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BRUSSELS, May 16- China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behaviour by Chinese mobile telecom equipment companies.
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WASHINGTON, May 16- Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to exit, the IMF said on Thursday.
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WASHINGTON, May 16- International Monetary Fund staff will visit Madrid on May 21 for their third review of Spain's reforms of its banking system, the IMF said on Thursday. The IMF's monitoring is part of a deal agreed to with Spain in July, and the fund will present a report about its findings on June 3, IMF spokeswoman Angela Gaviria said in a statement.
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VADUZ, May 16- Liechtenstein is reluctantly prepared to discuss exchanging data on bank clients in response to a new European Union push for more transparency from the secretive principality and other tax havens, its prime minister said.
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BRUSSELS, May 16- China threatened on Thursday to retaliate if the European Union formally opens an investigation into alleged anti-competitive behaviour by Chinese mobile telecom equipment companies.
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*Labour Party calls it a "Devastating blow to Cameron's authority". LONDON, May 15- Prime Minister David Cameron suffered an embarrassing blow in parliament on Wednesday when more than a third of his Conservative lawmakers voted against him in protest at his stance on Britain's membership of the European Union.
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LONDON, May 15- Prime Minister David Cameron suffered an embarrassing blow in parliament on Wednesday when a third of his Conservative lawmakers voted against him in protest at his stance on Britain's membership of the European Union.
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MOSCOW, May 15- International leaders are moving closer to taking action on corporate tax avoidance, despite challenges, a top official at the Organisation for Economic Co-operation and Development said on Wednesday.
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MARIKANA, South Africa, May 15- The main union at Lonmin's South African platinum shafts told striking miners to return to work on Wednesday, potentially defusing a two-day wildcat action that had raised fears of a fresh wave of labour violence.
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GENEVA, May 15- Argentina has launched a dispute against the European Union at the World Trade Organization, challenging rules for importing and marketing biodiesel applied by Spain, Belgium, France, Italy and Poland, the WTO said on Wednesday.
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GENEVA, May 15- Argentina has launched a dispute against the European Union at the World Trade Organization, challenging rules for importing and marketing biodiesel used by Spain, Belgium, France, Italy and Poland, the WTO said on Wednesday.
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BRUSSELS, May 15- The European Union will impose punitive duties on Chinese imports of ceramic tableware and kitchenware to counter what it says is dumping at artificially low prices to crowd out local products.
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MEXICO CITY, May 14- Latin American countries do not tax the rich enough, offer too many tax breaks and fail to punish rampant tax evasion, meaning they are unable to raise enough revenue to properly combat poverty and boost development, the Inter-American Development Bank said in a new study.