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EU legislation currently in place stipulates that investment funds can only be managed from the country in which they are based. Introducing a 'passport' would allow managers to work freely throughout Europe, regardless of their place of establishment.
By Ritu Sharma, New Delhi, Dec 3 : The brazen Mumbai terror attack has underlined that India's vast 7,516-km-long coastline is the country's Achilles' heel with the Coast Guard grappling with depleted assets and a Marine Police force that has miserably failed to supplement coastal security.
The impact of the global financial crisis on donor aid, especially for developing countries, is threatening development, particularly when it comes to advances in education.
Dec. 2 (Bloomberg) -- Finland may lower its economic-growth forecast for next year as the euro region as a whole is already in a recession, Finance Minister Jyrki Katainen said.
Hopes of a government rescue for the battered US auto sector prompted some cautious relief on Asian stock markets Wednesday, but continuing worries about the global economy tempered the enthusiasm.
SCRANTON – City Council members haggled into the night over the 2009 budget on Tuesday. The issue: two lists of amendments to Mayor Chris Doherty’s $78 million budget.
A merger of Qantas and British Airways wouldn't pass muster without control of the "Flying Kangaroo" remaining in Australia, officials insisted Wednesday, as Qantas shares surged on hopes a deal would see it emerge a stronger competitor to big regional rivals...
The Malaysian Trades Union Congress (MTUC) today sought an urgent meeting with Finance Minister Datuk Seri Najib Tun Razak to discuss the impact of the three per cent cut in the Employees Provident Fund (EPF) contributions for six million workers in the country.
India's insurance sector is expected to grow by 17% in the fiscal year 2008-09 fiscal year, Insurance Regulatory and Development Authority (IRDA) chairman J. Hari Narayan said on Wednesday.
The Union Pacific intermodal facility has created 4,500 jobs and $990 million of investment in and within 50 miles of Rochelle since 2003.
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