Luxury goods market growth to slow in 2014: Bain
MILAN (Reuters) – Sales of luxury goods are expected to grow more slowly in 2014 compared with last year as weakness in China, Russia and Europe counters rising global tourist shopping and strong demand in Japan and the United States, a study said on M…
Vatican Bank reforms prompt jump in reports of suspicious activity
VATICAN CITY (Reuters) – Reports of suspicious financial transactions at the Vatican leapt to 202 in 2013 from six the previous year, its Financial Information Authority (AIF) said on Monday, attributing the rise to keener vigilance prompted by reforms…
Deutsche Bank to raise $11 billion with help from Qatar
FRANKFURT (Reuters) – Deutsche Bank has asked shareholders for 8 billion euros ($11 billion) in new cash to strengthen its balance sheet ahead of European stress tests and to help fund an expansion in U.S. investment banking as its rivals retreat.
BoE says banks nervous over releasing details of health checks
LONDON (Reuters) – Banks in Britain broadly support Bank of England plans for yearly checks on their capital levels, although they disagree on how detailed the published results should be.
China, Europe drag world stocks lower; dollar slips
LONDON (Reuters) – Europe and Asia dragged world equity markets lower on Monday as concerns about slower growth in China prompted investors to cut their risks.
GSK dodged millions in China drug tax scam: state media
SHANGHAI (Reuters) – A Chinese state-run newspaper has accused British drugmaker GlaxoSmithKline Plc of evading at least 100 million yuan ($16.04 million) in taxes, adding to pressure on the firm which is already struggling with graft charges against e…
Alibaba: the new face of finance in China
BEIJING/SHANGHAI (Reuters) – For Yuan Yue, a Chinese graduate student in international trade, moving all of her spare cash to an online investment fund called Yu’e Bao was a no brainer.
Exclusive: EU may challenge $8.7 billion U.S. tax breaks in Boeing-Airbus trade dispute – sources
PARIS (Reuters) – The European Union is considering raising the pressure on the United States in the world’s largest trade dispute by challenging tax breaks that encouraged planemaker Boeing to keep production of its latest jet in Washington state, peo…
Record Japan machinery orders suggest economy may jump tax hurdle
TOKYO (Reuters) – Japanese businesses raised orders for machinery by the most ever in March and expect to book more orders this quarter, another sign that capital investment may buffer the economy from the pain of last month’s sales tax hike.
Fischer, Brainard to push for more activist Fed
WASHINGTON (Reuters) – The two new nominees to the Federal Reserve’s Board of Governors are expected to push for an expanded Fed role in managing the U.S. economy, working to replace the current raft of programs that resulted from the financial crisis …
