Luxembourg warns Germany of catastrophe if it pushes for Grexit

Last Updated: Sunday, July 12, 2015, 17:08

Luxembourg`s foreign minister has made an impassioned plea for Germany to avoid a Greek exit from the euro, warning Berlin of a catastrophic schism with France if it pushes for Athens to leave the currency union.

HSBC, JPMorgan may move parts of businesses to Luxembourg: Report

Last Updated: Tuesday, June 16, 2015, 13:00

The banks are also considering the tougher rules imposed by the European Union for conducting business outside of the eurozone, the Times said.

EU may probe McDonald`s tax deal with Luxembourg: Official

Last Updated: Tuesday, May 5, 2015, 16:56

The EU may probe sweetheart tax deals that US fast food icon McDonald`s allegedly agreed with Luxembourg, the bloc`s competition chief said Tuesday, adding to a growing list of suspects.

Luxembourg diplomat seeks investments from India Inc

Last Updated: Wednesday, April 22, 2015, 22:20

In a bid to attract investments into Luxembourg, once seen as a "tax haven", its ambassador Wednesday assured industrialists and investors that his government "does not encourage money laundering."

Switzerland, Luxembourg plan to join China-led development bank

Last Updated: Saturday, March 21, 2015, 11:44

Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China`s finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States.

Black money: Luxembourg offers to send financial experts team

Last Updated: Monday, March 2, 2015, 23:42

Luxembourg, one of the biggest routes for investments into India, today offered to send a team of experts here to brief the government on measures taken by it to curb illegal financial transactions.

Second French suspect charged over Luxleaks tax probe

Last Updated: Saturday, January 24, 2015, 02:28

A second French suspect was charged Friday with theft and money-laundering in ongoing investigations into the leaking of secret tax avoidance deals between Luxembourg and multinational companies, a scandal dubbed Luxleaks.

EU's Juncker on defensive as new 'LuxLeaks' drag in Disney

Last Updated: Wednesday, December 10, 2014, 18:32

EU Commission chief Jean-Claude Juncker was back under the spotlight Wednesday after new revelations showed Disney, Microsoft and Koch Industries got bumper tax deals from Luxembourg when he was prime minister.

EU`s Juncker says Luxembourg `had no choice` on tax

Last Updated: Friday, November 28, 2014, 18:48

Juncker has previously said that the deals were done by Luxembourg tax authorities and had nothing to do with the government, in which he held the post of finance minister as well as premier.

India ranked 155th in global environment performance list

Last Updated: Sunday, January 26, 2014, 21:43

India has been ranked at a low 155th position in a global list that evaluates countries on how well they perform on high-priority environmental issues.

Luxembourg gets first gay prime minister

Last Updated: Wednesday, December 4, 2013, 23:46

Luxembourg swore in Xavier Bettel as its first openly gay prime minister on Wednesday, paving the way for the introduction of social reforms such as same-sex marriage.

India fully compliant with global tax laws; Cyprus, 3 others fail test

Last Updated: Sunday, November 24, 2013, 12:43

A worldwide crackdown on illicit funds has left just four jurisdictions -- Cyprus, Luxembourg, Seychelles and British Virgin Islands -- non-compliant with global tax laws, while India has emerged as 'fully compliant'.