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Australia prepared to adjust mining tax

Australia's fragile Labor government suggested on Wednesday it could adjust a planned profits-based tax on mining companies to bend to demands of the independent MPs giving it a slender grip on power. Key independent Tony Windsor, who on…

Europe bank worries affects shares

Asian stocks fell on Wednesday, led by shares in Japan's big exporters as a rise in the yen to a new 15-year high threatened to erode their overseas earnings. Major European stock markets followed Asia lower and the euro was on the…

No escape for ‘under taxed’ in UK

More people are receiving demands for back-tax amid warnings from the Government that they have little chance of escaping payment. Treasury minister David Gauke said those affected by a HM Revenue & Customs blunder should not "build up…

Obama to pitch trio economic proposals

President Barack Obama is pitching a trio of economic proposals Wednesday in an effort to show the public he's taking action to spur economic growth. During a trip to Cleveland, the president will outline a $50 billion infrastructure…