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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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Best House on the Block

Category : World News

Secrets to Great Curb Appeal

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Best House on the Block

Category : Stocks

Secrets to Great Curb Appeal

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VIDEO: World records boost for Middle East

Category : World News

Middle East Business Report examines the growing appeal of setting new world records in the Middle East.

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Del Monte gets banana fine reduced

Category : Business, World News

Fruit producer Del Monte wins a reduction in a European Union fine over banana prices, but an appeal by Dole is rejected.

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Attorney general appeals against ‘too lenient’ sentence

Category : Business

Court of appeal to decide if seven-year term handed to serial confidence trickster Achilleas Kallakis was not long enough

The attorney general is appeal against the seven-year jail sentence handed down to Achilleas Kallakis, 44, a serial confidence trickster, claiming it was unduly lenient.

The court of appeal will hear the matter next month alongside a plea from jailed City trader Nick “Beano” Levene, 48, who will argue that the 13-year sentence he received last November was too severe. The two sentences were handed down in the space of two months at Southwark crown court, where judges are used to dealing with complex fraud prosecutions.

Offences committed by Levene and Kallakis were different, but the two appeals raise questions about consistency of sentencing by judges in Serious Fraud Office cases.

Kallakis, a former Croydon travel agent, duped banks out of more than £750m, posing as a Mayfair property tycoon.

Together with an old university friend, Alex Williams, Kallakis was found guilty in January of two counts of conspiracy to defraud. Williams, an expert forger, was given a five-year jail term.

The verdict came at the end of a second four-month trial brought by the Serious Fraud Office.

An earlier trial had been marred by a suspected attempt to nobble the jury and was eventually abandoned when Williams attempted to commit suicide. The attorney general is seeking a longer sentence in relation to Williams also.

In his sentencing remarks in January, Judge Andrew Goymer suggested that lenders defrauded by Kallakis – Allied Irish Bank and Bank of Scotland – “do bear some degree of responsibility” for Britain’s largest mortgage fraud. He described them as having “undoubtedly acted carelessly and imprudently”.

Among the many warning signs the banks failed to spot was that, under previous names, Kallakis and Williams had past convictions for a forgery scam involving the sale of bogus manorial titles to Americans.

The appeal is set for 12 April.

Victims of Levene’s £32m Ponzi fraud included Richard Caring, owner of upmarket restaurants The Ivy and Le Caprice and Sir Brian Souter and his sister Ann Gloag, founders of Stagecoach.

Levene had pleaded guilty to 12 counts of fraud, one count of false accounting and one count of obtaining a money transfer by deception.

Nautilus Marine Acquisition Receives Letter From Nasdaq Regarding Continued Listing Requirements

Category : World News

Company to Appeal Nasdaq Decision to Delist Its Securities; Securities to Remain Listed on Nasdaq Pending Appeal

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Granny skills help revival of wool industry

Category : Business, World News

The appeal of hand knitting in hard times is saving an industry

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Southeast Asia Lures Private Equity, but Dealmaking Challenges Grow, Says New Report

Category : World News

Region’s Rising Wealth and Resources Appeal to Growth Investors, but Acquisitions Depend on Local Knowledge and Solid Execution to Succeed, Says The Boston Consulting Group

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Argentina rejects US debt ruling

Category : World News

Argentina says it will appeal against a US ruling ordering it to pay $1.3bn owed to foreign bond holders since its debt default in 2001.

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The Affluent Will Be a Major Driver of Consumption Growth in China

Category : World News

Research by The Boston Consulting Group Shows That Affluent Consumers Will Represent $3.1 Trillion of Buying Power by 2020; Companies Need New Strategies to Appeal to This Market

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