BY DR. RAINER ZITELMANN Last week, the Euro lost substantially in value as it clearly undercut the mark of 1.40 US Dollar. The example of Greece goes to show that the Euro has a fundamental problem.....

Banks need to win customer loyalty war 1 in 10 Europeans plan to change banking provider this year The financial crisis has caused customers to change their attitude towards their banks, accor....

BY COSTA VAYENAS Spare a thought for the late Willem Duisenberg, first President of the European Central Bank. He was mocked during his tenure not only for his spectacular hair but also for his nu....

City of London fighting market regulation -Germany

The City of London is doing its best to block the introduction of stricter financial market regulations but tougher rules will come, German Finance Minister Peer Steinbrueck said a day before a Group ....

POLL-60 pct of Americans find Wall St pay unreasonable

A majority of Americans believe Wall Street executive compensation is "unreasonable," and that bankers fared better than others during the financial crisis, a poll conducted for Reuters show....

Barclays Capital sees further U.S. growth

By Clara Ferreira-Marques Britain's Barclays, which snapped up Lehman Brothers' U.S. business a year ago, aims to be a consistent top 5 player in U.S. equities and says it is not done wi....

UK Conservatives would scrap financial watchdog

Britain's Financial Services Authority (FSA) regulator should be abolished and the Bank of England put in full charge of supervising financial institutions, opposition Conservatives said on Monda....

Banking on security in Baghdad

Under the watchful eye of a guard in army fatigues -- with badges depicting a dagger through a skull -- the meeting of the Iraqi private banks association was like any gathering of mostly fat and bald....

Transfer Pricing – What is it all about?

AMI GOLDENSTEIN Proper Transfer Pricing planning provides the best legal tool to reduce Multinational Enterprises’ effective tax rate, increase cash flows and minimize transfer income adju....

INTERVIEW-Inchcape says UK car scrap scheme looks promising

Britain's car scrappage scheme, which aims to revive demand for new vehicles by offering a discount to owners trading in old models, has made a promising start, car dealer Inchcape said. &quo....

Worry, but no panic as Japanese brace for GM's fate

As General Motors Corp creeps towards bankruptcy, Japanese auto executives have grown less worried about the turmoil in the supply chain and dealer channels the demise of the No. 1 U.S. car maker woul....

Recent policy challenges seen through economic forecasts

ATHANASIOS ORPHANIDES Governor, Central Bank of Cyprus Monetary policymakers must always be ready to face difficult challenges, and sometimes we need to quickly map an appropriate response even ....

"Banker to the poor" gives New York women a boost

Nobel Peace Prize winner Muhammad Yunus, known as the "banker to the poor" for making small loans in impoverished countries, is now doing business in the center of capitalism -- New York Cit....

UK minister not worried about weak pound

British Trade and Investment Minister Mervyn Davies said on Friday he is not worried about a further slide in the pound while saying a weak currency will help drive the British economy out of recessio....

Politicians also to blame for crisis, say bankers

Bankers may rank below journalists among the professions least trusted by Britons, but they refuse to accept all the blame for the worst financial crisis in 70 years. Conceding they have done thei....

VW's hometown defies auto industry gloom

 Inside one of the world's biggest car plants, there is no sense that global auto demand is in freefall as Germany heads into its worst recession for six decades. Volkswagen's press....