International

http://www.bbc.co.uk/news/business-22608343# Former Saab Automobile chiefs arrested for accounts fraud 21 May 2013 Three former top executives from carmaker Saab Automobile have been arrested in Sweden on suspicion of accounting fraud. The three are “suspected of aggravated attempts to avoid tax controls”, according to Swedish prosecutor Olof Sahlgren. Mr Sahlgren alleged that the trio falsified parts… Continue Reading

http://www.reuters.com/article/2013/05/21/us-sandp-fraud-lawsuit-idUSBRE94K0FQ20130521?feedType=RSS&feedName=businessNews U.S. asks judge to deny S&P’s motion to dismiss fraud lawsuit Tue May 21, 2013 6:57am EDT (Reuters) – The U.S. Justice Department on Monday asked a federal judge to deny Standard & Poor’s motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and… Continue Reading

http://www.independent.co.uk/news/business/news/royal-mail-reveals-profits-boost–but-vince-cable-says-no-alternative-to-privatisation-8625031.html Royal Mail reveals profits boost – but Vince Cable says ‘no alternative’ to privatisation Business Secretary believes organisation faces ‘fundamental threat’ from email and must be reformed Sam Lister | Tuesday 21 May 2013 Business Secretary Vince Cable today insisted there is “no alternative” to controversial plans privatising the Royal Mail. The organisation faces… Continue Reading

http://blogs.wsj.com/moneybeat/2013/05/21/the-uk-and-the-eu-reasons-to-stay-put/?mod=WSJBlog The U.K. and the EU: Reasons to Stay Put May 21, 2013 The temperature over the U.K.’s continued membership of the European Union is heating up. As Simon Nixon wrote in his Agenda column in The Wall Street Journal, as things stand, 46% of voters say they would vote out, versus 36% who would… Continue Reading

http://blogs.wsj.com/moneybeat/2013/05/21/the-uk-and-the-eu-reasons-to-leave/?mod=WSJBlog The U.K. and the EU: Reasons to Leave May 21, 2013 As the prospect of a U.K. referendum on European Union membership moves into sharper focus, colleagues at Financial News have polled top financiers to ask how an exit would affect the City. While over on a separate post we’ve looked at the reasons… Continue Reading

http://www.topgear.com/uk/car-news/bmw-m5-facelift-competition-pack-2013-05-21?utm_source=rss&utm_medium=rss&utm_campaign=ongoing It’s the new BMW M5!* Vijay Pattni, 21 May 2013 This is the brand new BMW M5. Technically, technically, that statement is correct. But before you go scurrying off into the world shouting it from the rooftops, brace yourself: it’s just a facelift. Well, a facelift and some extra power, courtesy of something called… Continue Reading

http://www.businessweek.com/articles/2013-05-16/james-passin-the-american-who-bought-mongolia#r=rss James Passin, the American Who Bought Mongolia By Brett Forrest | 16 MAY 2013 The Mongolian Stock Exchange occupies a single room inside a gray building that once housed a children’s movie theater, just off Sükhbaatar Square in the capital city of Ulaanbaatar. On any given day, it’s quieter than the nearby National Library,… Continue Reading

http://online.wsj.com/article/SB10001424127887324787004578496612580107422.html?mod=fox_australian Bundesbank Cautiously Optimistic on German Recovery May 21, 2013 BY TODD BUELL The German economy is due to recover at a stronger clip in the current quarter than in the first three months of the year, but the euro-zone debt crisis remains a significant risk, Germany’s central bank wrote Tuesday. Both an expected recovery… Continue Reading

http://online.wsj.com/article/SB10001424127887324787004578496621223961886.html?mod=fox_australian Developed Economies Post Slight Growth May 21, 2013 By PAUL HANNON Developed economies returned to growth in the first three months of the year, though the euro zone continued to lag behind the U.S. and Japan, according to figures released by the Organization for Economic Cooperation and Development on Tuesday. The Paris-based research body… Continue Reading

http://online.wsj.com/article/SB10001424127887324787004578496613590018772.html?mod=fox_australian Vietnam Outlines Bad-Debt Plan May 21, 2013 BY VU TRONG KHANH HANOI—Vietnam edged closer Tuesday to dealing with the bad-debt problem hobbling its banking sector, as the government said it will set up an asset-management company by the end of this quarter that will mop up bad debts. Vietnamese policy makers have been wrestling… Continue Reading