Business
India paves way to ink dual tax avoidance pact with HK
In order to facilitate information flow from jurisdictions such as Hong Kong for purposes of tracking cases of money laundering and tax evasion, the government on Thursday notified Hong Kong, a special administrative region of China, as specified ...
Indian filmmakers flock to Thailand
With nearly a century-old film industry, India has become the largest movie producing nation in the world. The country boasts fascinating diversity of geography and landscapes which attracts filmmakers. In spite of this, more and more movie produc...
South Carolina State Rep. Mike Pitts has introduced a bill that would ban the recognition or use of US currency in South Carolina. The lawmaker says if the Federal Government continues to spend at the current rate, there’s a chance the U.S. econom...
EU finance ministers pick Portugal's Constancio as ECB vice president
European Union finance ministers on Tuesday formally approved Portugal's Vitor Constancio as the European Central Bank's next vice-president.
Russia tells Greece gas pipeline can help finances
MOSCOW — Russian Prime Minister Vladimir Putin on Tuesday assured Greece that a major gas pipeline project will help it recover from its debt crisis by boosting state revenues, but has not publicly suggested any possible aid from Moscow.
China charges tycoon with financial crimes
BEIJING — A Chinese court has charged the founder of home appliance giant GOME -- once the country's richest man -- with bribery, insider trading and illegal business dealings, state media reported.
Finance Minister Says Japan Government Must Ask Voters to Approve Tax Change
Japanese Finance Minister Naoto Kan indicated the government would call elections before making any major changes to the nation’s tax code, including raising the 5 percent consumption tax.
Singapore Opens 1st Casino in Bid to Become Tourist Hub
Singapore has opened its first casino, part of a campaign by the city-state to transform itself into a tourist hub and reduce its reliance on manufacturing.
Finland clears way for Baltic gas pipeline
HELSINKI — A Finnish environmental agency on Friday approved plans to build a natural gas pipeline in the Baltic Sea — the final permit needed for the underwater energy link between Russia and Germany.
South Africa Keeps Stimulus, Plans Industrial Policy
South African President Jacob Zuma said his government will maintain spending measures and introduce new industrial policies to foster growth and create jobs as the economy exits its first recession in 17 years.
Google Poaches Social Search Service Aardvark
The coolest search engine you’ve never used got snapped up by Google Thursday for a reported $50 million. Aardvark, a company that lets you use IM, Twitter and e-mail to ask full-text questions and then get answers from people in or close to your ...
Bernard Madoff's brother, sons subject of criminal tax-fraud cases: WSJ
The brother and sons of imprisoned swindler Bernard Madoff are the subject of criminal tax-fraud cases by federal prosecutors in Manhattan, the Wall Street Journal reported, citing people familiar with the matter.
Motorola Outlines Plan to Split Into Two Companies
Motorola confirmed on Thursday that it planned to reorganize into two independent companies by the first quarter of 2011, with its mobile handset unit and its television set-top box division being combined and spun off as a separate publicly trade...
Western Union to Pay $94 Million to Settle Dispute
Western Union has agreed to a $94 million settlement Thursday in disputes with Arizona prosecutors that center on the state's effort to reduce the flow of immigrant and drug smuggling money through wire transfers.
Nigeria's New Leader Woos Oil Companies
Nigeria's new acting president, Goodluck Jonathan, is attempting to breathe life into the nation's ailing energy sector just two days after assuming the duties of President Umaru Yar'Adua, who has been out of the country since November with health...
Singapore's First Casino to Open February 14
SINGAPORE — Singapore's first casino will start operating on Sunday, in time for the Lunar New Year, the operator said Thursday.
North Korea to woo foreign investors: report
SEOUL — North Korea plans to open up 12 special zones for foreign investors in an attempt to shore up its crumbling economy, a South Korean newspaper reported Thursday.
Greece needs psychological, political support -PM
Greece needs psychological and political support from Europe and does not envisage calling on the International Monetary Fund for help, Greek Prime Minister George Papandreou was quoted as saying on Thursday.
Putin says Baltic Sea gas pipeline will be 'safe'
HELSINKI — Russian Prime Minister Vladimir Putin on Wednesday downplayed environmental concerns about a planned gas pipeline in the Baltic Sea, saying it would be a "safe and reliable" energy link for Europe.
Honda expands recall to over 900000 vehicles worldwide
Honda Motor Co. said Wednesday in Asia that it's further expanding a massive recall of 2001 and 2002 models to include more than 900,000 vehicles worldwide, due to lingering concerns about malfunctioning airbags.