Business

Business

• 

  Vatican releases 1st report of financial watchdog

  The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog ... 

• Amid signs of turmoil, S Sudan says oil will flow

  Following a lengthy Cabinet meeting, South Sudan's government spokesman said Wednesday that the country will continue to export oil through Sudan and ... 

• 

  Trial for captain in deadly shipwreck in Italy

  An Italian judge has ordered the captain of the Costa Concordia cruise ship to stand trial for manslaughter in the vessel's shipwreck off the coast ... 

• Fiat Industrial aims to shift tax home to Britain

  Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves ... 

• 

  EU steps up fight against tax evasion by end 2013

  The European Union's leaders took a major step in tackling tax-dodgers Wednesday by pushing to end bank secrecy across the bloc's 27 members by the ... 

• Glaxo, US partnering to develop new antibiotics

  GlaxoSmithKline PLC says it's starting an unusual collaboration with the U.S. government to develop several antibiotics for both bioterrorism threats ... 

• 

  Chinese premier visits Pakistan, praises ties

  China's premier signed economic agreements and praised Pakistan in glowing terms as he began a two-day visit Wednesday, underscoring the importance ... 

• 

  Kenya's truth report: Killings, land grabs, graft

  Kenya's president received a long-awaited Truth Justice and Reconciliation Commission report that names the president and his deputy as being among ... 

• IMF calls on Britain to do more for growth

  The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up ... 

• Italy seizes 1.2 billion euros from steel family

  Milan prosecutors have ordered the seizure of 1.2 billion euros ($1.5 billion) in assets belonging to the family that runs a troubled steel plant in ... 

• African Union celebrates 50th year

  African nations this week mark the 50th year since the founding of a continentwide organization that spearheaded efforts to liberate Africa from ... 

• Turkey: 4 sentenced over fake liquor deaths

  Turkey's state-run news agency says a Turkish court has sentenced four people to 83 years in prison each for the deaths of five Russians from bootleg ... 

• 

  Richard Carrion declares IOC presidential bid

  Richard Carrion of Puerto Rico entered the IOC presidential race Wednesday, promising to use his business experience to guide the Olympics through the ... 

• Turkey enacts tax amnesty

  Turkey's parliament has launched a tax amnesty in an attempt to lure back citizens' assets held overseas and help bolster government finances. 

• Oil stays near $96 before crude stocks report, Fed

  The price of oil was little changed above $96 a barrel Wednesday as investors waited confirmation of a rise in U.S. crude stocks and the Federal ... 

• Romanian club Rapid banned from 1 UEFA competition

  UEFA banned Rapid Bucharest on Wednesday from one European club competition after it missed a deadline to pay debts. UEFA said the Romanian club is ... 

• 

  Asia stocks rise as Fed official backs easy policy

  Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S. 

• 

  North Korea sends leader's special envoy to China

  North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to China on Wednesday as Beijing faces pressure to rein in its ... 

• 

  Senate panel approves immigration bill

  Far-reaching legislation to grant a chance at citizenship to millions of immigrants living illegally in the United States cleared the Senate Judiciary ... 

• Key senator to let Myanmar sanctions bill lapse

  Senate GOP leader Mitch McConnell, easing up on his long-held tough stance on Myanmar, said Tuesday he planned to allow key sanctions legislation ... 

• 

  No new funds needed for Okla. tornado recovery

  Top lawmakers and officials said Tuesday that the federal government has plenty of money on hand to pay for recovery efforts in the wake of the ... 

• Struggling Spain offers engineers to Brazil

  Spain's development minister is urging Brazil to hire some of the engineers that her own economy doesn't have room for. Brazil is beefing up its ... 

• Colangelo out as Raptors GM, still president

  Bryan Colangelo is still president of the Toronto Raptors, but he's no longer the club's general manager. The Raptors announced Tuesday that while ... 

• 

  France: Drugmaker on trial, suspected in deaths

  The makers of a diabetes and weight loss drug suspected in the deaths of hundreds of people went on trial Tuesday, facing charges they misled the ...