31st May 2017
European Commission president Jean-Claude Juncker appeared before an inquiry hearing of MEPs, probing dubious tax schemes in Luxembourg and elsewhere. The euro-deputies on Tuesday (30 May) were hoping to extract a confession from Juncker on his alleged role in setting up the schemes, which eventually led to the LuxLeaks scandal. Read More
17th January 2017
The World Economic Forum has released its 2017 "Inclusive Growth and Development Report" — a major look into how nations around the world can best ensure that their businesses and institutions function as efficiently as possible. Read More
29th September 2016
The Luxembourg Stock Exchange has become the first stock exchange in the world to introduce a platform that will trade exclusively in green bonds and other environment-focused financial instruments. The Luxembourg Green Exchange (LGX), which went live this week, limits access to issuers that comply with tight eligibility criteria,… Read More
29th September 2016
Luxembourg has risen two points in Global financial centres index, to 12th place. According to the competitiveness index by consultancy firm Z/Yen and Long Finance, Luxembourg’s financial centre made the two-point rise after it was ranked 14th in March this year. On a European level, Luxembourg occupies third place, behind… Read More
26th April 2016
Three people go on trial in Luxembourg today (26 April) over the so-called LuxLeaks scandal that exposed the country’s huge tax breaks for major international companies, with the issue riding high after the recent Panama Papers revelations. Read More
8th April 2016
The Commission for the Supervision of the Financial Sector (CSSF) has taken note of the “Panama Papers” by the International Consortium of Investigative Journalists. Read More
31st March 2016
BRUSSELS/KUALA LUMPUR, – Luxembourg’s state prosecutor has launched a judicial inquiry into allegations of money laundering involving hundreds of millions of dollars against Malaysia’s sovereign wealth fund 1Malaysia Development Bhd (1MDB). Read More
20th January 2016
The Commission de Surveillance du Secteur Financier (CSSF) has been informed by the Comissão do Mercado de Valores Mobiliários (CMVM), the competent authority of Portugal, of the suspension of the financial instruments issued by MOTA-ENGIL SGPS S.A. from trading on Euronext Lisbon on 18 January 2016 pending the publication of… Read More