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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Sale of property assets has left British economy with unstable foundations

Category : Business

Foreign investment in the London property market outranks even New York, but the free market creates housing bubbles and there’s not much sign of a reciprocal arrangement

London’s newest, and Europe’s tallest, skyscraper will open on Thursday followed by a fanfare of lasers and fireworks. The £2bn Shard, all 1,016 feet of it, will be illuminated to show off the Qataris’ latest trophy in the capital. Already in their shopping basket are Canary Wharf, Harrods and One Hyde Park, the world’s most expensive block of flats.

As financial invasions go, it’s not subtle. Qatar’s investment fund, overseen by the country’s Sandhurst-educated ruler, Sheikh Hamad bin Khalifa al-Thani, also owns a big slice of supermarket Sainsbury’s, a large slice of the London Stock Exchange, and the Olympic Village – once the athletes have departed.

The Qataris are not the only cash-rich investors with an interest in the UK’s assets. The London Metal Exchange is the subject of a £1.4bn bid from the Hong Kong Stock Exchange. It also qualifies as a trophy asset because it handles deals covering 80% of global trade in industrial metals.

But the focus of most overseas investors – from the Chinese to the oil-rich states of Abu Dhabi, Saudi Arabia and Russia – is property.

Commercial buildings in the City and upmarket properties in plush parts of the capital are the target. It is something that has been going on for 15

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