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UK and Australia seek UBS data

Reuters - 4 hours 54 mins ago

ZURICH (Reuters) - Authorities in Britain and Australia have requested information from UBS after the Swiss bank agreed in August to disclose some 4,450 client names to settle a U.S. tax case, the bank confirmed on Sunday. More »

Finance Leaders Rebuff PM's 'Bank Tax'
SkyNews - 6 hours 48 mins ago
Pressure is growing on Gordon Brown over his handling of the economic crisis after the US treasury secretary rejected the PM's plans for a 'bank tax'. More »
Australia stimulus needed for recovery: Treasurer
AFP - 9 hours 38 mins ago
SYDNEY (AFP) - Withdrawing Australia's government stimulus now would interrupt the recovery underway, Treasurer Wayne Swan said Sunday as he warned the country was not immune to the risks to the global economy. More »
China's new Nasdaq-style board sees wild start
AFP - 11 hours 40 mins ago
BEIJING (AFP) - China's new Nasdaq-style market saw a week of wild yo-yo swings as frenzied investors sent the start-up shares to "ridiculously" high levels, analysts say, warning a correction is on the cards. More »
Small businesses on front line in Obama's jobs fight
AFP - Yesterday, 09:11 pm
WASHINGTON (AFP) - With unemployment fast becoming one of US President Barack Obama's biggest domestic challenges, focus is shifting from "too-big-to-fail" manufacturing and financial giants to struggling small businesses. More »
Staff at struggling German retail giant agree to tighten belts
AFP - Yesterday, 08:51 pm
BERLIN (AFP) - Employees of the embattled German department store chain Karstadt, owned by the insolvent retail group Arcandor, agreed Saturday to take salary cuts as part of a last-ditch effort to save their jobs. More »
G20 fails to reach pre-Copenhagen climate finance deal
AFP - Yesterday, 08:51 pm
ST ANDREWS, Scotland (AFP) - G20 nations fell short of reaching agreement on climate finance a month before key UN talks, while pledging Saturday to maintain stimulus measures for a still "uneven" global economy. More »
RBS cuts losses, bank profits slump
Reuters - Yesterday, 08:11 pm
LONDON (Reuters) - Losses at part-nationalised Royal Bank of Scotland more than halved in the third quarter with a sharp reduction in bad debt writeoffs, despite a slump in profits at its beleaguered investment bank. More »
Stimulus, not tax needed: Geithner
Reuters - Yesterday, 08:09 pm
ST ANDREWS, Scotland (Reuters) - U.S. Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behaviour. More »