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How Amazon pours billions behind tax shield
LUXEMBOURG - Amazon has used inter-company payments through Luxembourg to build a $2 billion dollar cash pile out of reach of U.S. tax authorities, which it has used to help finance its expansion. Full Article | Download PDFRolls-Royce could face prosecution in bribery probe
LONDON - Aerospace and defence group Rolls-Royce said it was in talks with Britain's Serious Fraud Office (SFO) over potential corruption involving its intermediaries overseas.
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HSBC might pay $1.8 bln money laundering fine
NEW YORK/WASHINGTON - HSBC Holdings might pay a fine of $1.8 billion as part of a settlement with U.S. law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter. Full Article
Osborne says credit rating important
LONDON - Chancellor George Osborne says Britain's credit rating is important but is not the only measure affecting borrowing rates, after agency Fitch said Britain's credibility had been damaged after new forecasts. Full Article
EU may be heading down a three-lane road
BRUSSELS - Much has been written over the past year about the risks of a two-speed Europe in which the 17 euro zone countries move ahead more rapidly than the rest of the European Union, but the EU more accurately resembles a three-lane highway. Full Article
Tesco set to call time on costly U.S. adventure
Tesco is set to end its five-year attempt to crack the cut-throat U.S. market and will focus on turning around its struggling home business and on faster-growing emerging markets. Full Article | Video
Bailed-out Ireland says on road to recovery
DUBLIN - The Irish government tests the economy and a long-suffering public with a new 3.5 billion euro dose of austerity, though better service sector and jobless data help to soften the blow. Full Article
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