Eurozone says ditch Cyprus tax grab on smallest accounts
The eurozone has told debt-hit Cyprus to revise a controversial levy on bank deposits to allow small savers to escape the tax, part of a larger bailout deal, amid a public outcry and fears of a bank run.
IMF calls for 'urgent action' to boost Palestinian economy
The International Monetary Fund (IMF) Thursday called for "urgent action" to help revive the Palestinian economy, saying it had been choked by Israeli restrictions and political uncertainty.
Obama says US won't balance budget in next 10 years
President Barack Obama warned Tuesday America will not balance its budget within a decade because Republican plans to do so would entail slashing social programs many citizens rely on for support.
US companies keep more money offshore: report US companies are keeping more of their profits offshore, choosing overseas tax havens amid talk in Washington about closing corporate tax loopholes.
11 March 2013
Wall St. Raider Icahn defends Dell assault Wall Street raider Carl Icahn defended his twin attacks on computer giant Dell and offshore oil rig operator Transocean Friday, saying such companies need "shaking up" for shareholders' benefit.
French minister vows to cut red tape for investors A French minister vowed Thursday to cut bureaucracy in a bid to lure foreign investors, and said her South Korean roots would help to boost France's profile in booming Asia.
Economic gloom overshadows euro finance ministers meeting Eurozone finance ministers meet Monday against the backdrop of a weak economy and increased political uncertainty after inconclusive polls in Italy, the group's third largest economy.
04 March 2013
$85 billion austerity hit lines up US economy An $85 billion dollar austerity time bomb was to detonate against the US economy Friday, as President Barack Obama blamed a Republican refusal to compromise for a failure to avert "dumb" spending cuts.