Petrobras takes $17 bn charge in wake of scandal, promises ''normality''

Last Updated: Thursday, April 23, 2015, 09:28

Brazilian state-run oil company Petrobras reported its biggest-ever loss on Wednesday, the result of a 50.8-billion-real ($16.8 billion) write-down in the wake of a massive corruption scandal.

Brazil`s Petrobras to release delayed earnings amid scandal

Last Updated: Saturday, April 18, 2015, 02:49

Brazilian state oil giant Petrobras, embroiled in an alleged multi-billion-dollar kickback scandal, will release long-delayed 2014 earnings results next Wednesday, the company said.

Bank of England, stung by scandals, flags market concerns

Last Updated: Friday, March 27, 2015, 14:40

The Bank of England is warning about potential irregularities in financial markets on a regular basis as it tries to address the problems that dragged it into recent market scandals, a senior BoE official said.

Petrobras audits did not hint at graft: Former chair

Last Updated: Friday, March 27, 2015, 09:09

Regular audits of Petrobras gave no hint of the massive corruption scandal now engulfing the Brazilian state oil giant, its former chair said Thursday.

Rolex scandal minister rejects blame for Italy kickbacks

Last Updated: Friday, March 20, 2015, 17:24

An Italian minister caught up in the country`s biggest corruption scandal in two decades resigned Friday, admitting he had to take political responsibility for the rigging of public works tenders that cost taxpayers billions.

EU unveils clampdown on tax avoidance after LuxLeaks

Last Updated: Wednesday, March 18, 2015, 20:47

The EU intensified efforts to fight rampant tax avoidance by multinationals on Wednesday in its first major effort to counter the LuxLeaks scandal that poured embarrassment on commission head Jean-Claude Juncker.

Brazil police make new arrests in Petrobras scandal

Last Updated: Monday, March 16, 2015, 21:32

Brazilian police launched a new round of arrests today in the corruption scandal at state oil giant Petrobras, a day after massive nationwide demonstrations against leftist President Dilma Rousseff.

British MPs grill HSBC bosses over tax-dodging scandal

Last Updated: Wednesday, February 25, 2015, 23:30

HSBC bosses on Wednesday apologised for "unacceptable" failings at the banking giant`s Swiss division when they were grilled by British MPs over allegations HSBC helped rich clients dodge taxes.

HSBC says Swiss scandal has brought "shame" on bank

Last Updated: Monday, February 23, 2015, 17:01

HSBC reported a deeper-than-expected 17 percent slide in annual pretax profit and cut its earnings target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.

UK mulling new tax evasion law after HSBC scandal

Last Updated: Sunday, February 22, 2015, 19:47

British government is mulling a new law to penalise companies, banks as well as accountants who help people evade tax, in a crackdown on corporate tax evasion in the wake of HSBC tax-dodging scandal.

Britain distances itself from HSBC scandal

Last Updated: Friday, February 20, 2015, 21:10

The UK on Friday distanced itself from the scandal involving HSBC, two days after Swiss police raided the global banking giant's offices in Geneva as part of its probe into "suspected money laundering" that involves 1,195 Indians.

Rolls-Royce vows compliance after Petrobras scandal report

Last Updated: Monday, February 16, 2015, 18:57

Rolls-Royce said Monday it will take "all necessary action" to comply with the law after the Financial Times reported it was accused of involvement in a bribery scandal with the Brazilian energy giant Petrobras.