French Tax on Million-Euro Salaries Won't Exempt Soccer Teams
France's revamped 75 percent super-tax on annual salaries above €1 million will apply to all companies, including soccer clubs, which were thought to be exempt.
euro
Cyprus' President Appoints Judges to Investigate Economic Crash
Cyprus' president has appointed a panel of three former supreme court judges to investigate how the country ended up nearly bankrupt.
Cyprus' President Urges Cypriots to 'Share the Burden'
Cyprus' president called on the country to "share the burden" of solving its financial crisis Friday as banks opened for normal business for the second day.
Banks Reopen in Cyprus for First Time in Nearly 2 Weeks
Banks in Cyprus opened their doors on Thursday for the first time in almost two weeks, with tight controls on transactions to prevent a run on deposits.
Cyprus to Impose Limits on Bank Withdrawals, Boost Security
Cyprus will impose limits on money transfers and dispatch extra security guards to prepare for Thursday's reopening of the banks, which have been shut for almost two weeks.
S&P Touches Highest Level Since 2008, Then Falls
The Standard & Poor's 500 index is closing lower after hitting a four-year high. The S&P 500 lost five points to close at 1,413. The index had climbed to 1,426 in morning trading, its highest since May 19, 2008.
Make Money Selling Money? Why Foreign Currency Is Worth a Look
Trading foreign currencies is a smart option for investors looking to diversify -- and one that not many years ago, was restricted to big money investors. Now, it's available to the general public -- with a social networking twist.
5 Ways Europe's Woes Will Hit Your Finances in 2012
By most indications, the U.S. economy is recovering fairly well for the time being. But across the Pond in Europe, another story is unfolding that has the stock market worried -- and it should have your attention, too.
The Financial Landscape: Is Italy the Next Greece?
As the eurozone sovereign debt crisis continues, focus is shifting to Italy as the next potential victim. But for worries closer to home, consider this: $37 billion in U.S. government benefits designed to help people through the downturn will expire by the end of 2011, leaving a hole twice that size in the economy.
Financial Landscape: DSK Case and Portugal Get Shakier
Portugal's economic health is at risk of collapse after Moody's cut its rating of the country's debt to junk status. Also at risk of collapse: The case against former IMF head Dominique Strauss-Kahn after The New York Post reported that his accuser was working two jobs -- as a maid and a prostitute.
The Financial Landscape: Dollar Losing Favor, Economy Losing Steam
The long term isn't looking good for the greenback: Central bank managers don't see it keeping its status as the world's reserve currency. The short term's not looking so hot for the U.S. economy either: Housing prices are down another 4% year over year, and confidence is falling.
The Financial Landscape: Gas Is Falling; Euro is Failing
Even before the International Energy Agency and the White House announced they were releasing billions of gallons or oil from fuel reserves, gas prices were falling. In the past two weeks, a gallon is down more than 11 cents. Also falling -- hopes for the euro, and the outlook for U.S. Treasury bonds.
The Financial Landscape: No Bailout Yet for Greece
At the start of a new week, all eyes are on Greece. E.U. finance ministers postponed agreement on a bailout until they see proof that its government will follow through on austerity measures. Meanwhile, some big U.S. firms are pushing for a generous tax holiday.
Why the European Debt Crisis Is Far From Over
The European debt crisis is back: Portugal is in political turmoil, and may need a major bailout, and Spain may too. But the E.U.'s strong healthy are rebelling against propping up their weaker neighbors. The real issue, though, is that the E.U. hasn't yet addressed the fundamental flaw built into it at the euro's creation.
Bucking a Trend: Why the Dollar Could Rally in 2011
Despite all the headwinds blowing against it -- and they're fierce -- the U.S. dollar has been holding its own against the world's major currencies. And if the U.S. recovery remains on track, the greenback has good odds of actually strengthening in 2011.