The European Commission has officially asked Luxembourg to change its rules on VAT in the case of independent groups of persons, saying the principality's current rules are incompatible with EU law.

The Isle of Man has been praised for its role in supporting the UK economy by the Lord Mayor of the City of London on the occasion of his first visit to the Island.

Jersey plans to make further inroads into the alternative funds sector with the introduction of its 'fast track' Private Placement Fund.

Dubai Financial Services Authority (DFSA) has signed a protocol agreement with the US' Public Company Accounting Oversight Board (PCAOB) which signals a closer working relationship between the two countries.

Morningstar's latest European asset flow update for 2011 highlights which fund managers and sectors - in spite of European doom and gloom - came out on top.

The appointment of Jack W. Lin as Head of Asia and Middle East for Pioneer Investments is a further step towards achieving its plans for continued growth in Asia.

Companies using Guernsey as a gateway to tap into the capital markets of both Europe and Asia is increasing.

Amundi ETF is one of the top three European ETF providers by net new assets, according to Deutsche Bank's latest ETF market review.

Expatriate financial advisers, the deVere Group plans to open offices in the Ukrainian capital, Kiev, and Hungary's capital, Budapest in February.

Threadneedle Investments has launched a Luxembourg-based absolute alpha fund that will invest in Pan-European equities.