Tax Havens Face Pressure From Europe
BRUSSELS - Under pressure from Germany, the European Union on Wednesday agreed to consider a new clampdown on tax havens, despite the opposition of one country, Luxembourg, which said it saw no reason to change the ...

Writedown at Royal Bank of Canada
The Royal Bank of Canada said it would take a write down of 855 million Canadian dollars ($846 million) on its second-quarter earnings, largely because of problems in the United States debt market.
The bank, which is Canada's largest financial institution, said the single biggest devaluation, worth about 200 million Canadian ...

British Bank Chief Expects Inflation to Accelerate
LONDON - The Bank of England painted a bleak picture of Britain's economy on Wednesday, saying that it expected inflation to accelerate, making further rate cuts unlikely.
The central bank governor, Mervyn King, said that ...