Author : EW News Desk Team

The US Internal Revenue Service (IRS) has set up a new department within the agency, which aims to crack down on corporations that have been moving their profits from...

The Obama administration has said it would exempt Japan and 10 European Union nations from financial sanctions, imposed on countries who deal with Iran. However, countries like India and...

China’s biggest banks are set to report record level of profits for the fifth consecutive year. However, analysts are warning that rising bad debt and non-performing loans may soon...

South Africa’s leading gold mining firms could face the largest class action lawsuit ever seen in the African continent, said a report by Reuters on Tuesday, as former miners...

Saudi Arabia’s oil minister Ali al-Naimi has promised that his country would boost its oil output by as much as 25 percent this year in order to calm fears...

Apple has an enviable problem: The tech giant has too much cash. After months of speculation, Apple’s chief executive Tim Cook has announced that the company will now pay...

In its latest annual employee review process, sources have told Reuters that the Goldman Sachs Group is looking to reduce staff headcount in its four main divisions, including sales...

The European Commission, the European Union’s executive body, has launched a public consultation and investigation into shadow banking practices in the region, as they aim to implement new controls...

US financial firm JP Morgan Chase will terminate the Vatican Bank’s account with its branch in Italy by the end of the month, after concerns grew over the lack...

A quick preview of the key economic events for the upcoming week: Chief of International Monetary Fund Christine Lagarde has offered encouraging words for the world economy. Specifically, she...