site.news_by_theme finance
GM to invest $691 million to boost Mexico operations
General Motors announced Wednesday that it will invest $691 million to boost its operations in Mexico, a nation whose low wages and proximity to the United States are increasingly attracting automakers.
27 June 2013
EU ministers agree on new bank rescue rules
European finance ministers on Thursday agreed a draft deal on new rules for bank rescues that will only allow bailouts by taxpayers in exceptional cases and shift the burden onto bank owners, creditors and large depositors.
27 June 2013
US fines 'Hezbollah' bank $102 mn for laundering
A Lebanese bank accused of laundering money from drugs and other operations for clients tied to Hezbollah militants agreed Tuesday to pay US authorities $102 million to settle the charges.
26 June 2013
More protests as Brazilian street speaks
A new wave of street protests swept Brazil on Sunday amid mounting popular support for demands for wide-ranging institutional reform and investment in crumbling public services.
24 June 2013
British economy 'out of intensive care': Osborne
Finance minister George Osborne on Sunday said the British economy was "out of intensive care" but that government would stick to a path of deep cuts to public spending.
24 June 2013
EU finance minister talks break down on bank closure regime
European Union finance ministers failed early Saturday to reach an agreement on how to close down failing banks before they can do too much damage to the wider economy.
24 June 2013
US cuts prison term of disgraced Enron CEO Skilling
A US judge cut 10 years off the prison sentence of disgraced former Enron chief executive Jeff Skilling on Friday after he spent years fighting his original 24-year jail term for fraud.
23 June 2013
Rousseff says Brazil can do better, slams violence
Embattled president Dilma Rousseff admitted in a televised address that Brazil can do better and pledged to do more to fight corruption.
23 June 2013
One million march in Brazil's escalating protests
At least one million people rallied across Brazil on Thursday in escalating mass demonstrations over the quality of public services and the high cost of staging the World Cup.
21 June 2013
Brazil fare hikes rolled back in victory for protests
Brazil's two biggest cities on Wednesday rolled back transit fare hikes that had triggered massive protests as demonstrators clashed with police outside a Confederations Cup match.
20 June 2013
Deloitte fined $10 mn in US laundering case
Big accountancy Deloitte was fined $10 million by New York state on Tuesday for its actions in advising Standard Chartered Bank over money laundering.
19 June 2013
OECD report to help G8 offensive against tax evaders
The OECD provided ammunition Tuesday for an expected G8 offensive against tax evasion in a report outlining how to bring about automatic sharing of financial information that would shoot a hole through banking secrecy.
19 June 2013
Greece faces general strike amid fury over state TV closure
Greek unions plan a 24-hour general strike Thursday, amid a storm of protest over the government's decision to shut down public broadcaster ERT as part of sweeping cost-cutting measures.
13 June 2013
World Bank sees less global growth, more stability
The World Bank on Wednesday lowered its growth estimate for the global economy in 2013, but said that expansion appeared better balanced than just before the 2008 financial crisis.
13 June 2013
Consumers in crisis-hit Spain put brakes on spending
Spaniards are buying fewer cars, fewer clothes and even cutting back on smoking as a grinding recession and rising unemployment force them to slash spending, dealing a severe blow to manufacturers and shops.
11 June 2013
Kerry renews $1.3 bn annual military aid for Egypt
Secretary of State John Kerry last month approved $1.3 billion in annual US military aid to Egypt, despite concerns over democratic progress by the country's new government.
08 June 2013
Global cybercrime ring targeted by Microsoft and FBI
Microsoft on Wednesday said it teamed with the FBI to disrupt armies of hacked computers used to commit more than a half-billion dollars in financial fraud around the world.
07 June 2013
IMF admits 'notable failures' in 2010 Greece rescue
The International Monetary Fund on Wednesday admitted to significant failures in the first Greek rescue that forced a second, larger bailout and left the country in a deep recession.
06 June 2013
Hiring a smoker costs US firms $6,000 a head
An employee who smokes costs his or her employer nearly $6,000 (4,500 euros) more per year than a non-smoker.
05 June 2013
EU, IMF, praise Greek progress battling debt
Greece on Friday received a vote of confidence from international creditors over progress in overhauling its stricken economy -- and a fresh injection of cash from the IMF.
01 June 2013