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Articles in category: Business, Economy & Finance
172 Articles (43 Pages, 4 Articles per Page)
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The International Monetary Fund on Thursday said that the global economy could contract by up to 1 per cent this year, the biggest contraction in 60 years, urging a powerful stimulus effort while criticising the plan offered by the US.
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Switzerland agreed on Friday to relax its strict bank secrecy rules and co-operate more on tax evasion in a last-ditch attempt to fend off a global crackdown on tax havens that is rattling the offshore banking industry.
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Liechtenstein has agreed to ease its strict bank secrecy law by committing to OECD standards on tax transparency and data exchange.
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As expected, Greenspan thinks the Fed under his leadership has done everything right and that other factors are to blame for the housing bubble. The U.S. Federal Reserve??s ??easy money? policies during the first part of this decade didn??t cause the housing bubble, former Chairman Alan Greenspan wrote in the Wall Street Journal.
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