Financial news

• Cameron says he mishandled Panama Papers tax scrutiny

  09-04-2016 21:56
  
  LONDON (Reuters) - Prime Minister David Cameron said on Saturday he should have handled scrutiny of his family's tax arrangements better, seeking to reassert his leadership after days of negative media coverage and calls for his resignation.
  
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• Ireland's largest two parties to meet for talks on minority government

  09-04-2016 20:49
  
  DUBLIN, April 9 (Reuters) - Ireland's two largest political parties have agreed to meet early next week for talks on how one might support the other to form a minority government and avoid a second general election.
  
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• Panama Papers: Act now. Don't wait for another crisis | Thomas Piketty

  09-04-2016 20:00
  
  Financial secrecy represents a huge threat to the fragile global system, and we won’t solve the problem by politely asking tax havens to stop behaving badlyThe question of tax havens and financial opacity has been headline news for years now. Unfortunately, in this area there is a huge gap between the triumphant declarations of governments and the reality of what they actually do.In 2014, the LuxLeaks investigation revealed that multinationals paid almost no tax in Europe, thanks to their
  
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• The UK's Maturing Financial Disruption: What the Rest of Us Can Learn - Crowdfund Insider

  09-04-2016 18:31
  Crowdfund Insider
  The UK's Maturing Financial Disruption: What the Rest of Us Can Learn
  Crowdfund Insider
  Double Decker Bus England UK I've spent a lot of time in the UK lately, and it's been on my mind even more. I was just there for the AltFi Europe Summit, and for the launch of The World's First Fintech Book, and while I learned plenty, what sticks with ...
  

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• French bank chief 'more worried about sector now than in 2009'

  09-04-2016 15:38
  
  CERNOBBIO, Italy, April 9 (Reuters) - The chairman of France's second-biggest retail bank is more worried about Europe's banking sector now, in some ways, than when he took the reins at BPCE bank during the depths of the global financial crisis in 2009.
  
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• Financial turmoil at SunEdison imperils solar projects worldwide

  09-04-2016 15:00
  
  LOS ANGELES, April 8 (Reuters) - In November, solar energy giant SunEdison Inc reported that its project pipeline had grown by 75 percent in just a year, the result of an aggressive growth strategy.
  
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• UPDATE 1-Britain's Cameron says he mishandled Panama Papers tax scrutiny

  09-04-2016 14:32
  
  LONDON, April 9 (Reuters) - British Prime Minister David Cameron said on Saturday he should have handled scrutiny of his family's tax arrangements better, seeking to reassert his leadership after days of negative media coverage and calls for his resignation.
  
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• Italian banks' situation "difficult but manageable" - minister

  09-04-2016 13:55
  
  CERNOBBIO, Italy, April 9 (Reuters) - Italian banks can deal over the next two to three years with a pile of bad loans that grew during a deep recession, the country's economy minister said, adding that the situation of their balance sheets was "difficult but manageable".
  
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• Panama law firm says it hasn't been approached by investigators yet

  09-04-2016 13:00
  
  BERLIN, April 9 (Reuters) - The founding partner of Mossack Fonseca, the Panamanian law firm hit by a huge leak of offshore financial data, told a German newspaper his company had not yet been approached by anyone as part of investigations.
  
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• UPDATE 1-Pakistan's central bank maintains main policy interest rate at 6.0 pct

  09-04-2016 12:53
  
  KARACHI, Pakistan, April 9 (Reuters) - Pakistan's central bank has kept its key policy rate at 6.0 percent for the second meeting in a row, the State Bank of Pakistan said on Saturday.
  
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• URGENT-Pakistan's central bank maintains main policy interest rate at 6.0 pct

  09-04-2016 12:33
  
  KARACHI, Pakistan, April 9 (Reuters) - Pakistan's central bank has kept its key policy rate at 6.0 percent for the second successive review, the State Bank of Pakistan said on Saturday.
  
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• UK PM Cameron says he mishandled 'Panama Papers' tax scrutiny

  09-04-2016 12:20
  
  LONDON, April 9 (Reuters) - British Prime Minister David Cameron said on Saturday he should have handled scrutiny of his family's tax arrangements better and promised to learn the lessons after days of negative media coverage and calls for his resignation.
  
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• Archbishop of Canterbury learns his father was Churchill's secretary

  09-04-2016 12:13
  
  LONDON (Reuters) - The Archbishop of Canterbury Justin Welby has discovered his biological father was the former private secretary to Britain’s war-time leader Winston Churchill, he said in a statement on Friday.
  
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• What to do if your child’s mobile phone bill starts to ring alarm bells

  09-04-2016 08:00
  
  They can run up huge charges, or someone else can if they lose the handset. Here’s how to mitigate the risksIt’s every parent’s nightmare. The monthly mobile phone bill lands on the doormat to reveal that their teenage son or daughter has massively overspent – and £100-plus is about to be taken by direct debit. Or you get a tearful call at work – the expensive smartphone they got last Christmas has been stolen … and there’s worse to come: the thie
  
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• Vet bills: are they making you sick as a dog?

  09-04-2016 08:00
  
  We have found vastly differing prices around the country, and a troubling refusal to reveal what those charges areAre vets routinely overcharging animal lovers, masking their fees and making it near impossible for owners to shop around? Research by Guardian Money has found that prices for basic procedures can vary by as much as 100% around the country. But more worrying is that consumers can’t compare prices, with half of the vets contacted by Money flatly refusing to disclose how much the
  
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• Re flood-risk homes … at last, affordable cover

  09-04-2016 08:00
  
  Government-backed scheme has started offering cover to at-risk householders, but there still are exclusionsFlood Re, the scheme designed to offer affordable insurance to 350,000 UK homes at high risk of flooding, has finally opened for business. But thousands of householders may have to switch home insurer to take advantage.Developed by the insurance industry, with government backing, Flood Re was set up after insurers said they were no longer prepared to offer universal flood cover to household
  
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• How can I get tickets for Wimbledon now I’ve missed the ballot deadline?

  09-04-2016 08:00
  
  Touts are out ... so I’m looking for other optionsEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• Car hire ‘super CDW’ cover: your policy should be to avoid this rip-off

  09-04-2016 08:00
  
  Companies are ever more desperate to get you to buy their wildly expensive bolt-ons - because most their profits come from themWhen did approaching a car rental desk turn into a game like Call of Duty: Black Ops 3, dodging financial grenades while engaging in hand-to-hand combat with an evil zombie, albeit dressed in a corporate uniform with a supercilious smile?Rental companies are using ever more desperate tactics to force you into buying their wildly expensive “super CDW” insuranc
  
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• BA left us grounded and out of pocket over my valid passport

  09-04-2016 08:00
  
  The airline’s mistake ruined a holiday, but it’s dragging its heels on compensationGatwick to Salzburg on 31 December with British Airways, to celebrate the new year and have a few days in the Alps. Unfortunately, I was stopped at the departure gate by a BA employee because I had just under three months left on my British passport before it was due to expire. The BA person was totally misinformed as this law is only applicable to non-EU passport holders; UK nationals only require val
  
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• Vietnam government sees new faces but policy shift unlikely

  09-04-2016 07:38
  
  HANOI, April 9 (Reuters) - Vietnam completed a protracted leadership transition on Saturday, with 21 new faces in a cabinet tasked with reforming an economy seeing galloping growth but dogged by privatisation and public debt problems.
  
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• Austalian bank boss says insurer got it wrong on heart attacks

  09-04-2016 07:18
  
  SYDNEY, April 9 (Reuters) - The head of Australia's largest bank said its insurance business, CommInsure, had used an outdated and discredited definition of a heart attack to deny some claims from clients and he would apologise to any customers adversely affected.
  
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• UPDATE 1-Panama not planning to retaliate over French move on Panama Papers

  09-04-2016 02:30
  
  PANAMA CITY, April 8 (Reuters) - Panama will focus on diplomacy with France following a standoff over a mass data leak dubbed the "Panama Papers," President Juan Carlos Varela said after speaking with his French counterpart Francois Hollande.
  
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• UPDATE 2-El Salvador raids Mossack Fonseca office, seizes documents

  09-04-2016 02:06
  
  SAN SALVADOR, April 8 (Reuters) - Authorities in El Salvador on Friday raided the local offices of Panamanian law firm Mossack Fonseca, seizing documents and equipment, the country's attorney general's office said.
  
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• RPT-Shanghai wealth management firm comes crashing to earth as executives arrested

  09-04-2016 02:00
  
  SHANGHAI, April 8 (Reuters) - Zhongjin Capital Management made a splash in the past couple of years in Shanghai. The wealth management firm's imposing branch office on Shanghai's historic Bund pulled in many eager investors seeking the double-digit returns it promised on short-term financing products. It had a big profile, sponsoring popular Shanghai TV dating program "Saturday Date" and signed up domestic billiards star Pan Xiaoting as a spokesperson.
  
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• Prime Vancouver land sold to aboriginal groups for C$480 mln

  09-04-2016 01:29
  
  VANCOUVER, April 8 (Reuters) - British Columbia said on Friday it had reached a C$480 million ($369.7 million) deal to sell a large swath of land on Vancouver's exclusive west side to three local aboriginal groups, opening up the property for potential redevelopment.
  
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• CORRECTED-U.S. watchdog may review 'Panama Papers' over hidden funds

  09-04-2016 01:29
  
  NEW YORK, April 6 (Reuters) - The leaked "Panama Papers" exposing holders of thousands of hidden bank accounts for possible violations of anti-bribery law could form the basis for a review by the U.S. Securities and Exchange Commission for possible signs of corruption, according to comments by the head of the agency's unit that fights foreign bribery.
  
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• Women with vocational qualifications earn 15% less than men

  09-04-2016 01:01
  
  TUC finds young women earn on average only £8.50 an hour against £10 for men – a wider pay gap than for workers with academic qualificationsYoung women with vocational qualifications earn 15% less than their male peers, a significantly bigger pay gap than for those with academic qualifications, according to new research.Men aged between 22 and 30 with a vocational qualification above GCSE level earn on average £10 an hour, the Trades Union Congress (TUC) found in an analy
  
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• Homes in pretty villages - in pictures

  09-04-2016 01:01
  
  Choose from a half-timbered cottage in a medieval village to a three-bedroomed home on the banks of the River Dart Continue reading...
  
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• UPDATE 3-BTG Pactual spins off thriving commodities arm to bolster capital

  09-04-2016 00:48
  
  SAO PAULO/LONDON, April 8 (Reuters) - Grupo BTG Pactual SA has spun off a fast-growing commodities sales and trading unit, allowing the Brazilian investment bank to free up capital in the wake of a recent balance sheet downsizing.
  
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• Vertellus Specialties skips debt interest payment -sources

  09-04-2016 00:37
  
  April 8 (Reuters) - Vertellus Specialties Inc, a U.S. manufacturer of agricultural chemicals such as pyridine, is in talks to cut a deal with its lenders after missing a debt interest payment, according to people familiar with the matter.
  
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• UPDATE 1-Brazil's BM&FBovespa buys Cetip, creates Latin America's largest bourse

  09-04-2016 00:27
  
  SAO PAULO, April 8 (Reuters) - BM&FBovespa SA, Latin America's largest financial bourse, took over rival Cetip SA Mercados Organizados in a transaction valued at almost 12 billion reais ($3.3 billion), creating a giant with growing presence in regional financial markets spanning from Mexico to Chile.
  
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• UPDATE 1-Wells Fargo admits deception in $1.2 bln U.S. mortgage accord

  09-04-2016 00:03
  
  April 8 (Reuters) - Wells Fargo & Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice lawsuit.
  
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