Offshore Investment

Switzerland has gone into recession after official figured proclaimed the Swiss economy has contracted by 0.8% in the first three months of this year.

The pound has risen to $1.70 as it hits a seven month high against the dollar.

New offshore bond sales have plunged 42.6% year on year, but have suffered less than the onshore bond market.

Accusing offshore centres of causing economic turmoil is akin to blaming rising UK unemployment on the influx of foreign workers, law giant BakerPlatt says.

New offshore bond sales have plunged 42.6% year on year, but have suffered less than the onshore bond market.

The cost of not making the OECD "white list" could cost offshore centres tens of millions of dollars in business, the Cayman Islands Financial Services Association (CIFSA) says.

Switzerland, fed up with being portrayed as a tax-dodgers' paradise, is rebranding itself as a land of hunky half-naked peasants with waxed chests and tight leather shorts.

Here we list who has moved where in another busy week in the offshore sector.

Net retail sales of overseas-domiciled funds have more than doubled since last year, according to IMA's April fund statistics.

Max Property Group has listed on The Channel Islands Stock Exchange (CISX) on a primary basis and the issue of its shares has been claimed to be the largest initial IPO in Europe this year.