Finance Chronicle

BRUSSELS, Sept 7 – European Central Bank Governing Council member Guy Quaden does not see a relapse into recession, according to a brief extract of an interview with Belgian business daily L’Echo.

LONDON – Tax authorities have stopped several VAT fraud attempts in the UK’s wholesale power and gas markets over the past few months, an investigator from HM Revenue and Customs told Reuters on Tuesday.

Banks escaped plans to tax financial transactions after European Union finance ministers failed to agree on proposals to help repair the damage to public finances caused by the financial crisis.

Lithuania’s Finance Ministry reiterated its economic growth forecast of 1.6 percent for this year and 2.8 percent for 2011. The ministry said in an e-mailed statement today that GDP growth in the second half of this year would be between 4 percent and 5 percent

Regional directory publisher Primedia International announced the release of Arab Banking & Finance in three platforms: print, online and mobile.

EU finance ministers to discuss new bank levy

Finance ministers from European Union member states were expected to agree on an overhaul of financial supervision across the 27-nation bloc as they arrived here for a two-day meeting Monday.

ATHENS, Greece – Greece’s Socialist government has retained its finance minister in a cabinet reshuffle but changed other key officials involved in the effort to reform the country’s troubled economy.

Pakistan Finance Minister Dr Hafeez Sheikh has made an impassioned appeal to the federal and provincial governments and military authorities to demonstrate highest level of fiscal responsibility in order to avert a ‘complete economic breakdown’.

Brussels – European Union finance ministers looked set on Monday to call for punishments on countries which break EU budget rules to be made semi-automatic.