UBS Loses Court Appeal of $1.4 Billion French Bail Demand
The bank must pay a security deposit to cover a potential fine for alleged money laundering, a Paris court ruled.
Investors Watching France’s Economy Closely
Skittish investors have been looking at France with a wary eye for some time. The economy is slow but it is moving.
France’s Latest Downgrade: Cause for Worry or False Alarm?
Standard & Poor’s hit France’s credit rating for a second time, causing investor concern.
Is France’s Economy a Surprise Threat to Eurozone?
The “bad boys” of the southern Eurozone, Greece, Spain and Italy, have gotten most of the attention when it comes to a possible Eurozone breakup, but the real threat may lie in an unexpected direction.
Overseas Tax Havens Under the Microscope as Governments Call for Tighter Regulations
Demands for tighter regulations and more transparency could change the way countries—and companies—do business.
Oops! Reinhart-Rogoff Research Tripped Up by Typo
A simple Excel spreadsheet error punches a hole in a highly cited economic paper by Carmen Reinhart and Kenneth Rogoff that has been used to bolster policies favoring restraint in government spending.
Where Have All of Britain’s Millionaires Gone?
That’s a question many Britons are asking now that new data show nearly two-thirds of the country’s million-pound earners have disappeared nearly one year after a tax hike on the nation’s highest earners.
Can the Eurozone Survive a Stormy 2013?
The eurozone and its politicians continue to face many unresolved and highly important issues.
French Banks’ Trading Assets Create ‘Systemic Risk’
The investment banking units of BNP Paribas, Société Générale, Credit Agricole and Natixis hold 2.05 trillion euros ($2.64 trillion) in trading assets.
France Boosts Taxes on Wealthy and Large Companies
President Francois Hollande’s 2013 budget for France relies on tax increases on the wealthy and on large companies to help cut the country’s deficit, rather than spending cuts.