India's government introduced a wide-ranging tax bill into parliament on Tuesday, but opposition to the move threatened to derail what is one of the coalition's most ambitious reforms of its second term.
The euro zone's permanent bailout fund, the European Stability Mechanism, will be backed by paid-in and callable capital and offer loans more cheaply than the temporary facility does now, a euro zone
Moody's Investors Service has downgraded the foreign-currency (FC) deposit ratings of five Egyptian banks by one notch to B1 from Ba3. These are National Bank of Egypt, Banque Misr, Banque du Caire,
Industrial turnover rose by 4% in 2010, according to the latest figures from the Statistical Service, whereas industrial output in the same period dropped by 0.8%. In December alone, the industrial turnover
The communist-led Cyprus government said on Sunday it opposed any use of the two British bases on the island to enforce a no-fly zone over Libya but conceded it had no power
Alpha Bank sought better terms from NBG after rejecting a bid last month by Greece's biggest lender, but there has been no follow up, a banking source close to the talks told
The downside risks from the earthquake, tsunami, and nuclear crisis have increased over the past week for Japan's economy, sovereign credit, banking, insurance, and non-financial corporate sectors, Moody's Investors Service said in
Oil prices jumped more than 2% to top $116 a barrel on Monday as Western forces launched air strikes on Libya, while Asian shares advanced on bargain hunting in the wake of
Bahrain's King Hamad bin Isa Al Khalifa said a foreign plot against his kingdom had been foiled and thanked troops brought in from neighbouring countries to help end increasing unrest after weeks
Hong Kong and China shares traded higher on Monday morning, with investors focused on earnings and taking the Chinese central bank's latest tightening move late on Friday in their stride as concern
