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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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US tax chief resigns amid scandal

Category : World News

President Barack Obama announces the head of the US tax agency has quit, after it emerged his staff singled out conservative groups for extra scrutiny.

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Joint Ministerial Statement by the Honourable Keith Ashfield, Minister of Fisheries and Oceans, and the Honourable Leona Aglukkaq, Member of Parliament for Nunavut and Minister of the…

Category : Stocks, World News

…Canadian Northern Economic Development Agency (CanNor)

Follow this link: Joint Ministerial Statement by the Honourable Keith Ashfield, Minister of Fisheries and Oceans, and the Honourable Leona Aglukkaq, Member of Parliament for Nunavut and Minister of the…

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AUDIO: Co-op ratings downgrade

Category : World News

Ratings agency Moody’s has downgraded the Co-operative Bank’s debt rating to “junk” status.

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Fannie Mae to pay $59.4bn back to US

Category : World News

US federal mortgage agency Fannie Mae will pay $59.4bn (£38.5bn) in dividends to the US Treasury, after posting a record profit in the first quarter.

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Italy economy to shrink 1.4% in 2013

Category : World News

Italy’s economy will shrink by 1.4% this year, a sharper contraction than previously forecast, says the country’s statistics agency.

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Publicis Groupe S.A. (PUBGY: OTCQX International Premier) | Digitas and Outrigger Media Announce Exclusive Partnership to Identify YouTube’s Rising Stars

Category : Stocks

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Digitas and Outrigger Media Announce Exclusive Partnership to Identify YouTube’s Rising Stars

Industry-First product — Emerging Talent Tracker — to leverage data and advanced logic from Outrigger’s OpenSlate Platform

PR Newswire

NEW YORK, May 2, 2013

NEW YORK, May 2, 2013 /PRNewswire/ –

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Fitch downgrades UK credit rating

Category : World News

Fitch credit ratings agency downgrades the UK to AA+ owing to a weakened economic outlook, but Chancellor George Osborne defends his austerity plan.

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Vincent Tchenguiz in bitter battle with detective agency run by ex-Israeli spies

Category : Business

Tycoon throws out agency from his Park Lane offices in dispute over bills linked to SFO and Kaupthing-related lawsuits

A private detective agency run by former Israeli intelligence operatives out of Vincent Tchenguiz’s offices on Park Lane have been thrown out by the investment tycoon in a bitter dispute over bills they presented to him.

Black Cube, which also has offices in Tel Aviv but still operates in London, dramatically fell out with Tchenguiz over bills that it claimed were linked to work carried out for him on multiple lawsuits he was fighting around the world. It had worked for Tchenguiz from late 2011 until the falling out two months ago.

These suits included actions in relation to failed Icelandic bank Kaupthing and Tchenguiz’s judicial review of Serious Fraud Office raids on his offices, which resulted in the warrants being declared unlawful and the investment tycoon launching a £200m claim for aggravated and exemplary damages against the anti-fraud agency.

Black Cube, run by former Israeli intelligence figures Daniel Zorella, Avi Yanus and Ido Josef, describes itself as a “creative intelligence” agency. It has hired lawyers from Peters & Peters to bring a £330,000 claim against Tchenguiz’s company Vincos for “debt and other damages” and alleged breach of contract.

The intelligence firm is also claiming it had an agreement with Tchenguiz that he would pay performance fees of 1% of the proceeds of cash settlements from legal proceedings, as well as the takings from a proposed film about Tchenguiz.

Separately, Tchenguiz has filed a claim in Israel alleging he has been defrauded. A hearing to determine whether the two claims should be heard together in London will take place at the high court in London later this month.

The Tchenguiz camp claims Black Cube mainly does “open source” intelligence gathering – through public records and internet trawling – rather than anything more complex.

In submissions to the high court, a witness statement from a Vincos lawyer claim said no written agreements existed with Black Cube. “Some £823,790 has been paid to Black Cube over the past 13 months by Vincos. It is believed by Vincos that much of this sum has been obtained dishonestly.”

UK labour costs below EU average

Category : Business, World News

UK hourly labour costs have fallen nearly two euros (£1.7; $2.6) below the European Union average, data from the EU’s statistics agency show.

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Singapore probes football officials

Category : World News

Singapore’s anti corruption agency, the Corrupt Practices Investigation Bureau (CPIB), says it is investigating three Lebanese football officials.

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