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EU finance ministers seek to cut tax evasion

European Union finance ministers will later seek ways to cut down on tax evasion — action British Chancellor George Osborne says is particularly important in current circumstances.On his way into a meeting of the 27 ministers in Brussels Tuesday, Osborne says it is "right that everyone makes their fair contribution" given the current economic backdrop.Part of the effort will involve a long-stuck savings directive, which seeks an automatic exchange of information between different countries so that interest income on various types of savings accounts can be properly taxedThe ministers will also continue their effort to construct a banking union. And they will try to reach a budget agreement for the current year....

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  1. PMI Data Leave Global Markets Mixed

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  2. UK in dark mood as new recession may be confirmed

    Recession may just be a word. But in Britain it may become a habit — and a dangerous one at that.It's possible that official figures on first quarter economic growth...

  3. UK civil servants to strike over pay, pensions

    British civil servants are planning to strike this month amid an ongoing dispute over pay, pensions and working conditions.The Public and Commercial Services union s...

  4. Bank of England: action needed over RBS losses

    The Bank of England's governor warned Wednesday that Britain's government should take decisive action over losses at the Royal Bank of Scotland sooner rather than la...

  5. UK credit downgrade provokes call for change

    The man in charge in Britain's economy says he won't change direction despite a rating agency's decision to downgrade the nation's credit rating and he spurned renew...

  6. Futures Rally on Cyprus News Wednesday

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  7. Will Latest UK Budget Proposal Impact Economy?

    RBS UK economist Ross Walker on the countries upcoming budget release.

  8. Federal Reserve to Wrap Meeting, Release Statement

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  9. UK official to deliver another austere budget

    Britain is on the verge of slipping back into recession, Moody's Investor Service has slashed the country's Triple A credit rating, and the opposition is baying for ...

  10. Global Markets Rise After U.S. Markets Set Record

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  11. UK: We will compensate troops hit by Cyprus levy

    Britain's Treasury chief says the government will compensate U.K. troops who lose money to Cyprus's bailout tax.About 3,500 British military personnel are based in C...

  12. UK Treasury chief to announce bank breakup powers

    Britain's treasury chief is set to say that the country's banks could be forcibly split into smaller pieces if they fail to properly insulate their retail operations...

  1. Stocks Edge Nearer to Record Highs

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  2. Wal-Mart 2Q EPS Tops Views

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  3. As euro crisis builds, national leaders move decisively _ to their summer vacation spots

    As the European economy teeters on the precipice, French President Nicolas Sarkozy is by the Mediterranean in his swimming trunks. His prime minister is vacationing ...

  4. G20 finance chiefs meet, focus on keeping growth on track, fending off financial crises

    BUSAN, South Korea (AP) — Finance chiefs of the Group of 20 leading economies worked Friday to craft an agenda for keeping the global recovery on track and fending o...

  5. G-20 agrees on need to push ahead on financial reforms, curb deficits to safeguard recovery

    BUSAN, South Korea (AP) — World financial leaders pledged Saturday to push ahead on curbing deficits and crafting financial reforms to safeguard the global recovery,...

  6. British PM Brown Launches Re-Election Campaign

    British Prime Minister Gordon Brown launched his re-election campaign Saturday, appealing to voters with a promise that only the Labour Party can help the dismal eco...

  7. Debt’s Real Effect on the Economy

    University of Massachusetts Professor Robert Pollin and The Wall Street Journal’s Steve Moore on the impact of a high-amount of debt on the economy.

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