TOKYO�The Bank of Japan raised its assessment of the economy once again and stood pat on policy, showing confidence in its drastic easing program despite recent volatility in the bond market.

As David Cameron begins an EU offensive on tax avoidance, Oxfam accuses the Government of hypocrisy in its approach. 8:11am UK, Wednesday 22 May 2013.

Britain will be advised to sell off the state's holdings in the Royal Bank of Scotland and Lloyds Bank by the International Monetary Fund (IMF) in a move that will embolden George Osborne as he attempts to justify his economic strategy.

Falling prices at the petrol pumps led to a bigger-than-expected drop of 0.4 per cent in the consumer price index in April, the first easing in the annual rate of price rises for six months.

Royal Mail is expected to unveil a huge jump in annual profits this week as it clears the way for a �3billion stock market flotation later this year.

Fiat Industrial aims to move its tax residency to the UK from Italy after a merger with US business CNH to take advantage of a lighter fiscal regime, according to a regulatory filing.

LONDON (Dow Jones)--U.K. power utility SSE PLC (SSE.LN) Wednesday posted 1.41 billion pounds ($2.14 billion) in full-year headline profits, a more-than-5% increase over the previous year, and it raised its dividend by 5.1%.

The taxman had expected to save �8bn by 2015 from reducing errors and fraud in the administration of tax credits, but is expected to miss its target by �5bn.

A congressional hearing into Apple Inc. (AAPL)'s use of offshore tax shelters called attention to how U.S. companies lower their taxes, and underscored the difficulty Congress confronts when trying to end the practice.

One in five people retiring in Britain in 2013 will fall below the income poverty line according to a study by Prudential, which also found that nearly a quarter of women will enter retirement entirely dependent on the basic state pension.