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Britain's Prime Minister David Cameron will press its overseas tax havens to sign up to an international transparency treaty in London on Saturday, hoping to bolster British credibility ahead of next week's G8 summit. _0"> Britain is looking to ensure its self-governing regions, some of which are world-leading tax havens, are taking action to improve information sharing before Cameron meets leaders of the Group of Eight (G8) major economies to push for coordinated global action on tax avoidance and evasion. A government statement said Cameron would be asking 10 territories and self-governing regions to sign up to the Multilateral Convention on Mutual Assistance in Tax Matters - an initiative led by the Organisation for Economic Cooperation and Development (OECD). "He will argue that there is no point in dealing with tax evasion in one country if the problem is simply displaced to another," a government statement released ahead of the talks said. Bermuda,

Stock investors eager to hear from the Federal Reserve about its plans for continuing economic stimulus may get some soothing words from the U.S. central bank next week. The Fed is unlikely to tip its hand about when it may begin to scale back its bond-buying program, but policymakers still may be inclined to try to tamp down recent volatility in financial markets with some mention of the issue.   The rally in stocks stumbled and Treasury bond yields rose to 14-month highs following Chairman Ben Bernanke's comments that the Fed may decide to begin scaling back its quantitative easing in the next few policy meetings if the economy improves. As part of its quantitative easing policy, adopted more than four years ago, the Fed has been buying Treasury and other bonds each month to keep interest rates low and promote growth. Interpreting Bernanke's words and recent signs about the economy have roiled markets since then. The Dow industrials climbed 200 points in eight of the 1

Juneteenth shooting - Authorities of Columbus say a teen is in custody after a shooting at a festival injured a 10-year-old boy. The shooting happened at a park just outside downtown Columbus at the Juneteenth Festival early Saturday night. Police tell media outlets that the boy’s injuries aren’t life threatening. He was at a Columbus hospital late Saturday in stable condition. Officers say a 15-year-old has been arrested and charged with felonious assault. Police say two others also may have been involved. Police shut down the festival after the shooting and say it won’t go on Sunday. They say four other young people had been involved in fighting and were arrested before the shooting. Juneteenth festivals celebrate the anniversary of the end of slavery in the United States.

The Columbus police authorities ended the annual Juneteenth Festival in Franklin Park a day early yesterday after a child was shot during the celebration. Police told WBNS-TV (Channel 10) that the victim, a 10-year-old boy who was in stable condition, was a bystander who was caught in the crossfire. He was taken to Nationwide Children’s Hospital for treatment.Lt. Bela Bernhardt said he decided to shut down the festival about 7 p.m. because he didn’t have enough officers to investigate the shooting while securing the Near East Side park. Four juveniles were arrested in fights before the shooting, he said. As a result, Columbus police decided to keep the festival closed today. “We’re not going to give them an opportunity for foolishness to continue,” Bernhardt said.An organizer for the planned three-day festival, which began Friday, declined to comment. Vendors had mixed reaction to the decision. Some agreed with the police, citing safety concerns. Others, however, were disappointed.“Yo

Juneteenth shooting : A Juneteenth shooting is the second shooting trend to make top news headlines today, as Vindy.com reported this Sunday, June 16, that a 10-year-old boy was shot by a teen during the summer festival. The teen is now in police custody. The Juneteenth shooting took place close by the Columbus Juneteenth Festival on Saturday night. A 10-year-old was seriously injured after an older teen fired a gun and hit the boy. Fortunately, it appears that the child is now stable, and the injuries he sustained from the gunshot are no longer life-threatening. A 15-year-old has been arrested in the Juneteenth shooting. He is being charged with a felonious assault for a minor, though officers believe that there may have been two others involved in the gunfire at the Festival in Columbus, Ohio, as well. An investigation is ongoing. The Juneteenth Festival has since been closed down, and will not reopen this Sunday, concluded the report. The summer celebration is me

Facebook and Microsoft have struck agreements with the U.S. government to release limited information about the number of surveillance requests they receive, a modest victory for the companies as they struggle with the fallout from disclosures about a secret government data-collection program. Facebook on Friday became the first to release aggregate numbers of requests, saying in a blog post that it received between 9,000 and 10,000 U.S. requests for user data in the second half of 2012, covering 18,000 to 19,000 of its users' accounts. Facebook has more than 1.1 billion users worldwide.   The majority of those requests are routine police inquiries, a person familiar with the company said, but under the terms of the deal with Justice Department, Facebook is precluded from saying how many were secret orders issued under the Foreign Intelligence Surveillance Act. Until now, all information about requests under FISA, including their existence, were deemed secret. Microsoft said i

Mitsubishi Motors Corp ( id="symbol_7211.T_0"> 7211.T ) is considering boosting output capacity in Indonesia and possibly building a new plant there to capitalize on brisk demand in emerging Asian economies. _0"> "It is true that we are considering strengthening our operations in Indonesia, but nothing has been decided as of now," a company spokesman said on Saturday. A Nikkei business daily report said the automaker, along with trader Mitsubishi Corp ( id="symbol_8058.T_1"> 8058.T ) and local partners, plans to build a new Indonesia plant by around March 2017, with investment totaling at about 40 billion yen ($422.90 million). The spokesman said Mitsubishi, the maker of Triton pickups, the Outlander Sport SUV and i-MiEV electric car, aims to post a net profit of 100 billion yen ($1.06 billion) by the year ending March 2017.   If it were to build a new plant, that would have an annual production capacity of 100,000 vehicles, he added.