French report on HSBC tax case points to $5 billion in undeclared funds
PARIS (Reuters) – France needs to beef up its methods for fighting tax evasion, according to a parliamentary report on a tax probe into HSBC that revealed $5 billion of undeclared assets across thousands of accounts.
UnitedHealthcare sees doubling of accountable care business
(Reuters) – UnitedHealth Group Inc on Wednesday said it expects its accountable care contracts to double to $50 billion by 2017, reimbursing far more doctors and patients according to how well and how economically medical care is delivered.
Peugeot, GM study U.S. van program: report
PARIS (Reuters) – General Motors may sell PSA Peugeot Citroen commercial vans in the United States under plans being discussed to expand the carmakers’ operational alliance, La Tribune reported on Wednesday.
Stock ‘fear gauge’ flawed, Citi equity trading chief says
LONDON (Reuters) – Investors seeking to predict the magnitude of share price moves at times of market flux may get a faulty steer from a closely watched “fear gauge”, one of investment banking’s top equity traders has warned.
Singapore property stabilizing, cooling measures stay for now: finance minister
SINGAPORE (Reuters) – Singapore’s hot property market has shown signs of stabilizing but the government would like to see some softening of prices and is not ready to relax its cooling measures just yet, Finance Minister Tharman Shanmugaratnam said on …
Euro shares turn down pending Fed minutes, dollar dips
LONDON (Reuters) – European shares turned down and the dollar slipped from a three-year high on Wednesday after weak data from China and a rating downgrade of Italy deepened caution pending the Federal Reserve’s latest minutes.
Bumi says Bakries offer stake to major shareholder Samin Tan
LONDON (Reuters) – The Indonesian Bakrie family, the major shareholder in Bumi Plc , is in talks to sell its stake in the coal mining group to its chairman Samin Tan, Bumi Plc said on Wednesday.
Europe tempers power of agency to shut troubled banks
BRUSSELS (Reuters) – The European Commission proposed on Wednesday creating an agency to salvage or shut failed banks, but the absence of an immediate backstop fund to pay for a clean-up means it may struggle to do its job.
EU says owners, junior debt-holders of aided banks to bear losses
BRUSSELS (Reuters) – Shareholders and junior debt-holders of banks bailed out by the state will bear the burden of any bank restructurings ordered by EU regulators, the European Commission said on Wednesday.
Greek labor unions call 24-hour strike on July 16
ATHENS (Reuters) – Greek labor unions on Wednesday called a 24-strike on July 16 to protest against planned public sector layoffs demanded by the country’s international lenders in exchange for more funds.
