Articles by lux-editor

26th August 2015

PwC chief misled us over Luxembourg tax avoidance schemes, claim MPs

MPs conclude tax arrangements promoted by PricewaterhouseCoopers bear all the characteristics of a mass-marketed tax avoidance scheme. The top tax partner at PricewaterhouseCoopers, Kevin Nicholson, misled parliament over complex Luxembourg financing structures the accountancy firm helped to set up for scores of [...]

20th July 2015

IMF Deputy Managing Director Min Zhu to Leave the Fund

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), announced today that Deputy Managing Director Min Zhu intends to leave the Fund when his term expires in late July, 2016. Mr. Zhu was appointed to a five-year term in July 2011. Before that he served as Special Advisor to the Managing [...]

17th July 2015

Sharing Luxembourg´s financial expertise to support developing countries

A group of senior management from banks across emerging financial centres have been attending a week long training in Luxembourg with the support of the Ministry of [...]

13th July 2015

Fitch confirms Luxembourg AAA rating with stable outlook

The agency Fitch Ratings confirmed the AAA rating of Luxembourg with a stable outlook, leaving the Grand Duchy one of only nine countries worldwide to hold the top rating by the three leading agencies S&P, Moody’s and [...]

26th June 2015

HSBC, JPMorgan may move parts of businesses to Luxembourg (Luxherald.com investigation preview)

HSBC Holdings Plc (HSBA.L) and JPMorgan Chase & Co (JPM.N) are in talks to relocate parts of their businesses to Luxembourg from the UK as they weigh the possibility of a British exit from the European Union, the Times [...]

4th June 2015

Luxembourg signs MoU with Toronto financial Services Alliance

Today, Luxembourg for Finance and the Toronto Financial Services Alliance (TFSA) have signed a Memorandum of Understanding to establish a partnership framework to develop their respective financial services [...]

3rd June 2015

Yuan set to soar as global currency; European financial centres prioritise internationalisation of the RMB

International leaders from government and industry gathered today at the Renminbi Forum held in Luxembourg to discuss the rising internationalisation of the [...]

2nd June 2015

Moody’s confirms Luxembourg AAA rating with stable outlook

Luxembourg continues to benefit from the best rating from the three major rating agencies: S&P, Moody’s and [...]

1st June 2015

Luxembourg has headed the Council of European Union

The EU presidency passed to Luxembourg from Latvia on a rotational basis. In the coming months, the main topic of the European debt crisis in Greece. Luxembourg, July 1, held the rotating presidency of the Council of the European Union for the coming six months. One of the founding countries of the EU fulfils this [...]

28th May 2015

Luxembourg leads the ranking of the most competitive economy in the European Union

Luxembourg is ranked as the most competitive country in the EU, according to the latest IMD (International Institute for Management Development) annual world competitiveness ranking, which rates the ease of conducting business in various countries [...]

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