Europe fails to agree on hedge funds
Relevant offers
World
European Union have states failed to agree on new rules to regulate managers of hedge funds, private equity and other alternative funds, an EU diplomat said.
Ambassadors from the bloc's 27 member states met to finalise a deal for the bloc's finance ministers to endorse next week.
"They did not reach agreement. There are still some issues that need to be resolved. It may be down to the finance ministers to decide on Tuesday," the diplomat said.
Britain has been trying to wrest concessions, fearing the rules will make it harder to offer non-EU funds to European investors, a view also taken by US Treasury Secretary Tim Geithner.
The European Parliament has joint say on the new rules.
- AP
Sponsored links
Second week-long strike for port
No Kiwi jobs lost in call centre move: Orcon
Debt crisis may stymie surplus by 2014
Consumer confidence up, but caution urged
Westpac posts A$1.5b quarterly profit
Meridian sees profit slip, gives weather warning
Kiwi down on Greek deal disappointment
NZ stocks down, Goodman Fielder plummets
Council signs off on St Lukes mall plans
American Airlines posts US$1.1b quarterly loss
Goodman Fielder interim profit tanks
Sir Richard Taylor named New Zealander of the Year
Mallard offers ticket cash back
Men in court after raid on Auckland apartment
Kiwis in cruise ship cocaine bust
No radiation leak on plane, says Fire Service
Abercrombie stars as Breakers shoot down Hawks
Dead pile up after Honduras prison blaze
No Kiwi jobs lost in call centre move: Orcon
Apple mobile apps stealing private data
Dragons deny wrongdoing as wee row erupts
15-minute-old newborn gets heart pacemaker
'Starved, beaten' teen weighed just 32kg
Schoolgirl sex video man guilty
Sir Richard Taylor named New Zealander of the Year
Dazzling Adele silences critics
Kiwis in cruise ship cocaine bust
Mallard offers ticket cash back
'Starved, beaten' teen weighed just 32kg
Sonny Bill Williams finds rugby boring: mate
No radiation leak on plane, says Fire Service
