Drilling for oil set to start off the Falkland Islands

A British rig is due to begin drilling for oil in the territorial waters of the Falkland Islands, despite strong opposition from Argentina. MORE>

PM Denounces St Kitts' Inclusion On French Blacklist

St Kitts and Nevis Prime Minister, Denzil Douglas, has denounced the Federation’s placement on France’s new blacklist of non-cooperative territories. He said that efforts taken by the Federation, and by other OECS countries, to meet international compliance standards relating to their financial services sector, is like “working towards a moving target.” MORE>

HMRC Extends Consultation On UK Tax Agents

HM Revenue and Customs (HMRC) has extended its consultation on draft legislation on tax agents to April 28, following an urgent meeting with the Institute of Chartered Accountants of England and Wales and the Chartered Institute of Taxation over concerns regarding the scope of malpractice provisions.MORE>

Details Of Declarations Under Tax Amnesty, As Italy Continues Search

Banca d’Italia, Italy’s central bank, has given a breakdown of the amount of funds declared to date under the tax amnesty, while the Italian Revenue Agency continues its actions against tax evasion – this time against the Italian operations of Slovenian banks.MORE>

UAE Future Looks Bright, Despite Immediate Challenges

The International Monetary Fund’s (IMF's) Executive Board, in its Article IV consultation with the United Arab Emirates (UAE), has said that prospects remain bright for the region despite the numerous challenges the Emirates have faced since 2008, among them the real estate bubble in Dubai.MORE>

Russian Tax Authority Mishandles Payment Terminal Registration

Automatic payment terminals in Russia could be brought to a halt in April, since the Russian Federal Tax Service (FTS) is reaching crisis point in the registration process, which by law is supposed to be completed by April 1, 2010. MORE>

Dubai World on verge of presenting debt proposal

The Department of Finance said banks may have to wait years for the group’s portfolio to recover much of its value. MORE>

Oligarch Dmitry Mazepin set for UK listing

RUSSIA’s biggest fertiliser company has hired three investment banks to lead a $600m (£388m) listing in London.MORE>

China Gets $8.1 Billion Foreign Investment In Jan

HONG KONG -- China received $8.13 billion in foreign direct investment in January, up about 7.8% from the year-earlier month, on a surge in investment in the services sectors, according to recent data.MORE>

Orange T-Mobile merger to get go-ahead

The merger of Orange and T-Mobile to create the UK's biggest mobile phone operator, with almost 30m customers, is expected to be granted regulatory approval as early as this week.MORE>

Inflation up

THE RATE of inflation for January 2010 rose to 2.5 per cent compared to 1.6 per cent in December 2009 and 0.9 per cent in January 2009, the Statistical Service has announced.MORE>