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Sunday, 8 February 2015

HSBC files show how Swiss bank helped clients dodge taxes and hide millions | Business | The Guardian

HSBC files show how Swiss bank helped clients dodge taxes and hide millions | Business | The Guardian:



"HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of assets, doling out bundles of untraceable cash and advising clients on how to circumvent domestic tax authorities, according to a huge cache of leaked secret bank account files.



The files – obtained through an international collaboration of news outlets, including the Guardian, the French daily Le Monde, BBC Panorama and the Washington-based International Consortium of Investigative Journalists – reveal that HSBC’s Swiss private bank:"



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MIDEAST STOCKS-Gulf markets rise after oil's rally | Reuters

MIDEAST STOCKS-Gulf markets rise after oil's rally | Reuters:



"Gulf stock markets rose on Sunday after oil made further gains and local companies reported mostly upbeat earnings and other positive news.



Brent crude jumped 2.2 percent to $57.80 per barrel on Friday, posting its largest two-week gain in 17 years because of falling oil rig counts and violence in producer Libya.



Saudi Arabia's stock index rose 1.8 percent to its highest close since Nov. 24 in heavy trade. Shares in Saudi Kayan Petrochemicals Co surged their daily 10 percent limit and its bigger affiliate Saudi Basic Industries (SABIC) jumped 3.0 percent."



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