National & International Financial news and Updates

Business news

Greece: Grexit would be a ‘modern Greek tragedy’ if aid talks fail

The Central Bank of Greece issued a stark warning of a Grexit on Wednesday (17 June) if aid talks fail ahead of an end of June repayment deadline.

Jun 17, 2015

Play

Austrian brothel offers free sex in tax protest

A taxpayer in Austria who is fed up with what he says are punitive tax payments decided to offer free sex to customers at his Salzburg brothel.

Jun 17, 2015

Play

Mayweather and Pacquiao top Forbes list after megabout

Floyd Money Mayweather lived up to the hype of his own nickname topping the latest edition of Forbes list of the Worlds 100 Highest-Paid Athletes.

Jun 11, 2015

Play

George Osborne ready to sell off RBS at a loss

Chancellor of the Exchequer George Osborne said on Wednesday (June 10) he will seek to bind future governments to his vision of permanent budget surpluses, something only rarely achieved in modern Britain.

Jun 11, 2015

Play

IMF debt payment delay by Greece a negotiating tactic

Greek Economy Minister George Stathakis on Friday (5 June) said that Greeces decision to transfer all debt payments to the International Monetary Fund due in June in one batch at the end of the month, was not a sudden decision but had been on the table for quite some time.

Jun 5, 2015

Play

How Chairman Mao, Charles I and Alexander the Great could make you a mint

The market in collectibles is growing rapidly

Jun 4, 2015

Play

Alexis Tsipras: EU-Greece deal ‘close’ after meeting Jean-Claude Juncker

Greek prime minister Alexis Tsipras left a meeting at the European Commission overnight into the early hours of Thursday morning (4 June), saying Greece was close to a deal and would make a payment to the IMF – thus avoiding a default.

Jun 4, 2015

RBI to Issue Some New Banking Licences by August, Says Raghuram Rajan

Twenty-six applicants were vying for a new banking licence, of which two - Tata Sons and Videocon - withdrew their applications later.

Jun 2, 2015

Trade Unions Oppose Govt Move to Tax PF Withdrawals

The EPFO circular say that TDS will be deducted at 10%, 'provided PAN is submitted.'

May 22, 2015

Play

George Osborne warns that EU is ‘sleepwalking’ out of global economy

The European Union risks pricing itself out of the global economy by excessive regulation, Chancellor of the Exchequer, George Osborne said on Wednesday (20 May), making the case for reforms in the bloc ahead of a referendum on whether Britain remains a member.

May 21, 2015

New Service Tax of 14% will Make Food, Travel, Phone Bills Costlier from 1 June

A raise in service tax is also applicable on insurance, telephone bills, air travel and others.

May 20, 2015

Play

Britain could attract $37bn funding to develop new antibiotics

A British government-backed review released on Thursday (14 May) is seeking billions of dollars to fund the development of 15 new antibiotics to counter antibiotic resistance.

May 15, 2015

Play

Australian conservatives deliver soft budget after last years bruising

Australias conservative government delivered budget proposals on Tuesday (12 May) that were light on radical reform but heavy on pledges to return to surplus, playing it safe politically after the disastrous reaction to last years budget.

May 13, 2015