‘Finance’ Articles
Fed tells Bank of Montreal to fight money laundering harder
NEW YORK (Reuters) - The U.S. Federal Reserve Board said it has told Bank of Montreal to step up efforts to detect and prevent money laundering at the Canadian bank's Chicago branch.
Bankers see M&A recovery after deals drop 7 percent so far in 2013
LONDON (Reuters) - A drop in European takeovers has depressed global merger and acquisitions (M&A) activity so far this year, but bankers see activity picking up as a rally in stocks and bonds helps compensate for a prolonged euro-zone recession.
Dollar soars, stocks gain amid talk of Fed QE exit
NEW YORK (Reuters) - Global equity markets rose and the dollar soared against a basket of currencies on Friday, reaching a nearly three-year peak, as speculation mounted over whether the Federal Reserve would soon begin to rein in its asset-buying program.
GM stock tops 2010 IPO price
DETROIT (Reuters) - General Motors Co shares on Friday topped their 2010 initial public offering price, which will help the automaker's largest shareholder, the U.S. Treasury, pare its losses.
Swiss propose corporate tax reforms after EU pressure
BERNE (Reuters) - Switzerland outlined plans on Friday to reform the way it taxes companies as it seeks to counter criticism from Brussels while trying to remain attractive to the many multinationals based in the country.
Risks for Cyprus are ‘unusually high’, adoption of austerity plan imperative: IMF
NICOSIA (Reuters) - The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.
Caterpillar says settles Siwei deal with cut in purchase price
(Reuters) - Caterpillar Inc and China-based Mining Machinery Ltd said on Thursday they have settled outstanding issues related to Caterpillar's acquisition of mining equipment firm ERA and its Siwei unit through a reduction in the purchase price.
After Google, Amazon to be grilled on UK tax presence
LONDON (Reuters) - Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters.
