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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 central bank to keep buying bonds

Category : World News

US central bank keeps interest rates steady and sticks to its quantitative easing bond-buying programme.

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Apple taps markets for record $17bn

Category : World News

Apple raises $17bn (£10.9bn) via a bond sale, the biggest ever by a non-banking company, to help fund its plan for extra payouts to shareholders.

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El Erian: Fed will struggle to unwind its giant trade

Category : Business, Stocks

Pimco CEO Mohamed El-Erian is worried the Fed won’t be able to end its bond buying program without ‘collateral damage.’

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Jockey Club launches Racecourse bond

Category : Business, World News

The Jockey Club has launched the country’s first-ever sport bond on offer to the general public

The rest is here: Jockey Club launches Racecourse bond

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Stock or bond? How to play 6 blue-chips

Category : Business, Stocks

When does buying the bond of a company make more sense than buying the stock? Money magazine examines industry-leading businesses to find out.

Read more here: Stock or bond? How to play 6 blue-chips

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Fed discussed slowing bond purchases

Category : Business, World News

The minutes of March’s meeting of US Fed policymakers show some think its bond buying programme could be slowed down later this year.

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Key Bank of Cyprus data missing

Category : World News

Some key data about bond purchases by Bank of Cyprus – now the focus of a controversial EU-IMF bailout – is missing, investigators find.

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Japanese central bank doubles money supply in fresh bid to spur inflation

Category : Business

New Bank of Japan governor seeks to end long spell of deflation which has hindered investment and economic growth

The Japanese central bank has said it will massively expand the country’s money supply to spur inflation as it strives to get the world’s third-largest economy out of its slump.

The Bank of Japan (BoJ) on Thursday vowed to achieve a 2% inflation target at “the earliest possible time”.

To do so, the central bank has launched “a new phase of monetary easing both in terms of quantity and quality” that will double the money supply, it said in a statement.

The new BoJ governor, Haruhiko Kuroda, has vowed to meet the inflation target within two years, heeding demands from the prime minister, Shinzo Abe, to once and for all end a long spell of deflation which has hindered investment and economic growth.

Abe’s government, which took power late last year, accused the previous central bank governor, Masaaki Shirakawa, of balking at undertaking bold enough monetary easing to get the economy back on track. The steps announced on Thursday under the first policy meeting chaired by Kuroda were in line with expectations and are likely to reassure jittery financial markets of Japan’s resolve to push ahead with its “reflationary” strategy.

The announcement pulled the Nikkei 225 stock average out of the red and sent the yen lower against the US dollar.

The BoJ will conduct money market operations to increase the monetary base by about ¥60tn to ¥70tn (£420bn to £490bn) a year. At the same time it plans to increase purchases of Japanese government bonds to total ¥50tn a year to encourage interest rates to decline, which it hopes will facilitate more lending.

The central bank is also extending the average remaining maturity of the bonds it purchases from three years to an average of seven years. Meanwhile, bonds with all maturities up to 40 years will be eligible for purchase.

As expected, the bank also extended the range of assets it can purchase, to include more risky real estate investment trusts and exchange-traded funds.

As part of the new strategy, the BoJ will end its current asset-purchasing programme, absorbing it into the future purchases of bonds, it said.

Answering concerns that the stimulus programme would further raise Japan’s public debt, the statement said that the government bond purchases would be “executed for the purpose of conducting monetary policy and not for the purpose of financing fiscal deficits”.

The BoJ will “examine both upside and downside risks to economic activity and prices and make adjustments as appropriate”, it said.

Gross: What if the good times end?

Category : Business

Pimco bond guru Bill Gross said he and other big name investors rode the credit wave to success but a true test of greatness is adapting to change.

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Bond bubble may deflate slowly

Category : Business

Experts surveyed by CNNMoney think interest rates will rise throughout 2013, but not dramatically higher. It will be hard for bond yields to spike as long as the Federal Reserve keeps buying.

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