News from the Financial Market
Swiss propose corporate tax reforms after EU pressure
BERNE (Reuters) - Switzerland outlined plans on Friday to reform the way it taxes companies as it seeks to counter criticism from Brussels while trying to remain attractive to the many multinationals based in the country.
Reuters - 2013-05-17 Read more
Risks for Cyprus are 'unusually high', adoption of austerity plan imperative: IMF
NICOSIA (Reuters) - The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.
Reuters - 2013-05-17 Read more
Caterpillar says settles Siwei deal with cut in purchase price
(Reuters) - Caterpillar Inc and China-based Mining Machinery Ltd said on Thursday they have settled outstanding issues related to Caterpillar's acquisition of mining equipment firm ERA and its Siwei unit through a reduction in the purchase price.
Reuters - 2013-05-17 Read more
Dollar hits 4-1/2-year high vs yen after US consumer sentiment data
NEW YORK, May 17 (Reuters) - The dollar extended gains against the Japanese yen on Friday after data showed U.S. consumer sentiment rebounded in early May to the highest in nearly six years as...
Reuters - 2013-05-17 Read more
May consumer sentiment rises to highest in nearly six years
NEW YORK (Reuters) - Consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects, particularly among upper-income households, a survey released on Friday showed.
Reuters - 2013-05-17 Read more
UPDATE 2-Canada April inflation well under forecast, Bank of Canada range
* Forecast for overall inflation was 0.6 percent, core 1.2 pct
Reuters - 2013-05-17 Read more
CANADA FX DEBT-C$ eases to 2-month low on weak CPI data
* C$ at C$1.0311 vs US$, or 96.98 U.S. cents * US$ strengthens near 10-mth high on Fed QE debate * Bond prices rise across curve By Solarina Ho TORONTO, May 17 (Reuters) - The Canadian dollar...
Reuters - 2013-05-17 Read more
FOREX-Dollar index hits nearly 3-year high, euro hits 6-week low
* San Francisco Fed's Williams says Fed could end QE this year
Reuters - 2013-05-17 Read more
Rivals get longer to comment on Google EU antitrust offer: source
BRUSSELS (Reuters) - EU antitrust regulators have given some of Google's rivals more time to study its proposals to settle anti-competitive complaints, which could provide more leverage to pry further concessions from the Internet search giant.
Reuters - 2013-05-17 Read more
CANADA FX-C$ softens to 2-month low vs US$ after CPI data below forecast
TORONTO, May 17 (Reuters) - The Canadian dollar weakened to its lowest level against the U.S. dollar more than two months after Canadian inflation came in well below forecast, at a year-on-year rate...
Reuters - 2013-05-17 Read more