Financial transactions tax would apply to British banks

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The European Commission said that British banks will be subject to tax financial transactions proposed in the case of approval in the European Union, even in the absence of Britain’s accession to this tax. This comes as France and Germany is pressing strongly for the application of this tax in the context of efforts to contain the financial … Continue reading

European Court of Justice authorizes the task of punishing violators of the rules of the budget

Group of 20 defuse 'currency war'

European officials said that the Charter set a budget proposal euro zone countries will give the European Court of Justice the power to impose financial penalties on countriesthat fail to amend their national legislation to include the text should not be a deficit in thenational budget. Jean-Claude Aonakr Prime Minister of Luxembourg and President … Continue reading

$ 117 billion loss for Japanese investment funds in 2011

Gold price continue loses after gloomy chines data

Japanese investors lost $ 117 billion in mutual funds during the year 2011 due to fallingstock prices in light of the global credit crisis in Europe. Quoted by the BBC and Japanese television companies of the Association of Japaneseinvestment, the balance of investment funds in the country until the end of Decemberamounted to 46.76 trillion yen to 607 … Continue reading