Costa Rican president says ready to act again to defend currency
SAN JOSE, Costa Rica (Reuters) – Costa Rica's president said on Thursday that she was ready to take more steps to prevent flows of foreign capital from driving the country's currency higher. In an interview with Reuters, President Laura Chinchilla said she was worried a capital controls bill sent to Congress could stall, reviving interest from speculative investors that have tipped the Central American nation into a battle over its currency. Costa Rica's central bank has spent $1. …
Switzerland, U.S. sign pact on fighting tax evasion
WASHINGTON (Reuters) – Advancing a U.S. crackdown on tax evasion by Americans, the U.S. Treasury Department said on Thursday that Switzerland and the United States have signed a pact to make Swiss banks disclose information about U.S. account-holders. The agreement is the latest in a series between the United States and other countries designed to carry out the Foreign Account Tax Compliance Act, or FATCA, enacted in 2010. The Swiss deal is the first of its kind and differs in key ways from previous pacts. It requires Swiss banks to sign up directly with the U.S. …
Britain unveils rules to bar tax dodgers from contracts
LONDON (Reuters) – The government stepped up its campaign against companies paying less than their fair sh are of tax when it announced details on Thursday of new rules that may bar corporate tax dodgers from competing for public sector contracts. Companies bidding for government contracts will have to provide details of their tax compliance history, including tax returns that have been judged incorrect, under the draft new rules. "The government is clear that aggressive tax avoidance is totally unacceptable," Danny Alexander, Chief Secretary to the treasury, said in a statement. …
Exclusive: Hines puts two midtown Manhattan office buildings up for sale
NEW YORK (Reuters) – Two midtown Manhattan skyscrapers owned by international real estate firm Hines are up for sale, according to a source familiar with the deal, in another sign that sales of New York office buildings may be heating up. Hines, a privately owned, Houston-based real estate investment manager and developer, is selling 499 Park Avenue, the former headquarters of Bloomberg LP and the current headquarters of financial company Cantor Fitzgerald, said the source, who was not authorized to speak publicly about the sale. …
The matchmakers behind the AMR-US Airways marriage
NEW YORK (Reuters) – After sitting out the industry's last round of mega-mergers, airline giants AMR Corp , parent of American Airlines, and US Airways Group are finally tying the knot. Meet the matchmakers: the financial and legal advisers for AMR's unsecured creditors' committee in bankruptcy. …
Thursday, February 14, 2013
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