India's FII outflows highest among BRIC nations

According to data compiled by EPFR Global, FIIs withdrew over $4 billion from India in 2011, against an inflow of $1.35 billion in 2010. EPFR Global tracks foreign fund flows across markets and different asset classes.


Central banks respond to growing risks

An extension of liquidity arrangements by major central banks and a cut in reserve requirements by the People’s Bank of China were announced yesterday.


Tax Information Exchange Agreements 'don't work'

The shortcomings of a pact designed to catch tax evaders have inadvertently been highlighted by offshore tax lawyers who said their clients' confidentiality and funds can still be hidden from view, a tax campaigner has argued.