China to Expand Asset-Backed Securities Trial

China pledged to expand the packaging of loans into securities to dissipate financial risks, part of efforts to increase the use of markets and sustain economic growth.

US, Swiss reach deal on American tax evaders

WASHINGTON: The US government and Switzerland have reached an agreement that could expose Americans who have used Swiss banks to avoid paying taxes.

Will Financial Regulation Trash Global Economic Securi

Alexander Mirtchev, Contributor

Under the auspices of the Financial Stability Board, more than 30 recommendations have been set out as part of a massive and far-reaching G-20 financial regulatory reform package to ostensibly minimize risk in the financial system and maximize consumer protection.

German business confidence rises for fourth month: Ifo

German business confidence rose for a fourth month in a row in August, data showed on Tuesday, exceeding expectations as companies in Europe's top economy voiced more satisfaction with their situation.

Middle East stock markets still red hot

Stocks in the Middle East fell sharply Tuesday, as the threat of a U.S. military strike against Syria rattled investors. But the region still is home to several of the top performing markets this year.

"You Must Confess": China's Red Campaign Against Multinationals

Beijing’s Maoist revival, roiling Chinese society and politics, is now beginning to poison China’s business environment as well.

Merkel ally fuels Greek aid row before election

(Reuters) - Germany's commissioner to the European Commission said on Saturday he expects a new bailout for Greece to amount to a little more than 10 billion euros, fuelling a debate that could hurt Chancellor Angela Merkel in next month's election.