The euro and global stock markets surged higher on Thursday, bolstered by China's knock-down of a report saying it was looking to cut its holdings of euro zone sovereign debt.

May 26 (Bloomberg) -- Overseas investment into Australia is at risk following delays to a ruling on how income of foreign private firms in the country will be taxed, the Taxation Institute of Australia said today.

The government needs to legislate on whether proceeds from Australian asset sales by foreign buyout firms are taxed as capital or revenue, the institute said in a statement. Currently, those profits are exempt from capital gains tax.

May 21 (Bloomberg) -- Russian foreign direct investment slipped an annual 17.6 percent to $2.6 billion in the first quarter on an uneven economic recovery from the worst contraction since the Soviet Union collapsed in 1991.

Overall foreign investment, including credits and flows into the securities markets, advanced 9.3 percent from a year earlier to $13.1 billion as portfolio investments more than doubled, the Moscow-based Federal Statistics Service said in an e-mailed statement today.

BOSTON (MarketWatch) -- I have given countless talks over the last 15 years to groups of people interested in hiring financial advisers or working better with the helpers they have, and I typically poll my audience to learn about their experiences.

I ask that people who are working with an adviser -- or who have had one they stopped using -- raise their hands. Then I ask them to keep them up if they hired the first financial adviser they met with or if they hired someone recommended by family or friends. Virtually all hands stay up.

The Prime Minister of Greece says he “wouldn’t rule out” going after US investment banks for their role in creating the spiraling Greek debt crisis.

George Papandreou says a probe must be completed first to examine if the financial sector engaged in “fraud and lack of transparency” as Greece’s debt swelled.