Finance

Investing in Durban

Durban’s DIPA wants your business

Go east, young man

Torn between the lure of London and low cost of the countryside? Essex believes it has both to offer business

FSA bans former Merrill trader for “mis-marking”

Britain’s financial regulator banned a former Merrill Lynch proprietary trader after he deliberately mis-marked positions to avoid showing increasing losses, forcing the bank to make a $456m writedown. The FSA said Alexis Stenfors, a former proprietary trader at Merrill Lynch International Bank (MLIB), now part of Bank of America Corp, was barred from any function […]

The new battleground

The growing personal liability of company directors and officers, by Martin Emkes and David Ritchie of Gallagher London

Indian income tax regime – an overview

The Indian Tax Regime should be fully understood in order to optimise the business capability in the area. Bansi S. Mehta & Co report for European CEO

A unique model in Europe

It’s no secret to anyone: all financial institutions are facing a crisis and private banks are no exception to the rule. And yet, even if the time for rejoicing is still far off, Etienne Verwilghen, Chairman of the Board of KBL European Private Bankers, thinks that our network has decisive advantages which will help us get through these difficult times. Here he explains what lies behind his thinking

The changing face of Europe’s regulations

Risk management has moved up the agenda as shareholders are increasingly asking questions not only about the current level of risks faced by an operation, but also about potential future exposures

Switzerland: Under pressure, but strong

A dynamic tax regime and a robust Swiss economy resist the harsh blow against Switzerland’s creditability and self esteem – European CEO spoke with Tax Partner Taxand, the winner of the 2010 European CEO Award ‘Best Tax Team in Switzerland’

UK finance minister refuses to rule out tax rises

British finance minister Alistair Darling has refused to rule out future tax rises to cut a gaping budget deficit. Darling is due to publish the budget for the next financial year on March 24, the last major economic showpiece before an election widely expected on May 6 when the Labour Party faces a tough fight […]

Schaeuble calls for closer Eurozone integration

German Finance Minister Wolfgang Schaeuble called for greater integration between euro zone members and stronger surveillance of member countries’ finances to protect the monetary union from further crisis. In a column published in the Financial Times’ Schaeuble said Europe’s monetary union was facing a critical moment and must take steps to protect itself from a […]

UN launches review of criticised climate panel

UN Secretary-General Ban Ki-moon has announced that a group of national science academies would review UN climate science to restore trust after a 2007 global warming report was found to have errors. The UN Intergovernmental Panel on Climate Change acknowledged in January its report had exaggerated the pace of Himalayan glaciers melting, and in February […]

Britain’s Northern Rock shrinks losses in 2009

Nationalised mortgage lender Northern Rock’s headline losses shrank in 2009, helped by rising net interest income and lower loan losses in the second half, though it said loan writedowns would stay high in 2010. The bank, nationalised two years ago after it became the first major British victim of the credit crunch, said its underlying […]

Aer Lingus full-year operating loss quadruples

Operating losses at Aer Lingus quadrupled in 2009 according to an unaudited trading update issued after the Irish airline postponed publishing full results in a standoff with staff over cost-cutting measures. The company’s board will meet to adjust provisions for cost-cutting measures after cabin crew opposed a plan to reduce its annual operating costs by […]

Greece won’t need aid, cenbank chief tells paper

Greece will not need foreign help to deal with its debt problems, central bank governor George Provopoulos said in a German newspaper interview. Provopoulos told the Financial Times Deutschland (FTD) that solid demand for a 10-year, $6.8bn bond Greece sold on March 4 showed Athens could raise the funds it needs on financial markets. The […]

BOJ mulling easing again

The Bank of Japan is examining a further easing of its ultra-loose monetary policy and may decide on such a move this month, the Nikkei newspaper reported, weakening the yen and lifting government bond futures to a two-month high. The government, its fiscal options limited by a ballooning fiscal debt, has been pressuring the BOJ to […]

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