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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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SNB President Jordan dismisses calls from Swiss industry to raise the floor on the euro/franc exchange rate, giving the impression the central bank has its hands full just maintaining the CHF 1.20 floor. Meanwhile, a working group suggests capital…

Category : World News

SNB President Jordan dismisses calls from Swiss industry to raise the floor on the euro/franc exchange rate, giving the impression the central bank has its hands full just maintaining the CHF 1.20 floor. Meanwhile, a working group suggests capital controls, among other measures, to defend against franc strength in the event the crisis worsens. Post your comment!

Here is the original post: SNB President Jordan dismisses calls from Swiss industry to raise the floor on the euro/franc exchange rate, giving the impression the central bank has its hands full just maintaining the CHF 1.20 floor. Meanwhile, a working group suggests capital…

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Gold Fields Benefits From 24-Karat Prices in First-Quarter 2012, Sees African, South American Investments Grow, an Industrial Info News Alert

Category : World News

SUGAR LAND, TX–(Marketwire – May 18, 2012) – Researched by Industrial Info Resources (Sugar Land, Texas)–Gold Fields Limited (NYSE:GFI) (Johannesburg, South Africa), one of the world’s leading gold producers, reported solid gains in revenues and profits for the first quarter of 2012. The company attributed the gains to strong gold prices and tight cost controls, which offset the effects of an overall reduction in attributable equivalent gold. Net earnings were reported to be $267.8 million, compared with $157.7 million in first-quarter 2011.

View original post here: Gold Fields Benefits From 24-Karat Prices in First-Quarter 2012, Sees African, South American Investments Grow, an Industrial Info News Alert

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For Dissidents, Escape Means Fighting From Afar – NPR

Category : Stocks


Globe and Mail
For Dissidents, Escape Means Fighting From Afar
NPR
by NPR Staff Audio for this story from All Things Considered will be available at approx. 7:00 pm ET This undated handout image provided by ChinaAid shows blind Chinese legal activist Chen Guangcheng, whose escape from house arrest is at the heart of a
Media controls leave most Chinese unaware of activist ChenDetroit Free Press
Clinton Leaves ChinaDaily Beast
Chen's Final Escape?New York Times
Telegraph.co.uk

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China loosens currency controls

Category : Business

China loosens its currency controls in a move that may spur gains in the value of the yuan.

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Boeing ([[BA]] +0.5%) institutes a number of measures aimed at making its 737 jets more fuel efficient and attractive to buyers weighing the jet versus the Airbus A320neo. According to the company, 737 improvements include extending the tail cone,…

Category : Stocks

Boeing (BA +0.5%) institutes a number of measures aimed at making its 737 jets more fuel efficient and attractive to buyers weighing the jet versus the Airbus A320neo. According to the company, 737 improvements include extending the tail cone, updating flight controls, and strengthening landing gear, wings and the fuselage. Post your comment!

Follow this link: Boeing ([[BA]] +0.5%) institutes a number of measures aimed at making its 737 jets more fuel efficient and attractive to buyers weighing the jet versus the Airbus A320neo. According to the company, 737 improvements include extending the tail cone,…

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Boeing ([[BA]] +0.5%) institutes a number of measures aimed at making its 737 jets more fuel efficient and attractive to buyers weighing the jet versus the Airbus A320neo. According to the company, 737 improvements include extending the tail cone,…

Category : Stocks, World News

Boeing (BA +0.5%) institutes a number of measures aimed at making its 737 jets more fuel efficient and attractive to buyers weighing the jet versus the Airbus A320neo. According to the company, 737 improvements include extending the tail cone, updating flight controls, and strengthening landing gear, wings and the fuselage. Post your comment!

Read more from the original source: Boeing ([[BA]] +0.5%) institutes a number of measures aimed at making its 737 jets more fuel efficient and attractive to buyers weighing the jet versus the Airbus A320neo. According to the company, 737 improvements include extending the tail cone,…

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4C Controls, Inc. (FOUR: Grey Market) | Venue Change

Category : Stocks, World News

Fri, Mar 30, 2012 12:00 – 4C Controls, Inc. (FOUR: Grey Market) – Venue Change – The symbol, FOUR, no longer trades on OTC Link. As of Fri, Mar 30, 2012, FOUR trades on Grey Market. You may find a complete list of venue changes at otcmarkets.com.

Go here to see the original: 4C Controls, Inc. (FOUR: Grey Market) | Venue Change

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Banks failing to carry out anti-bribery measures, says FSA

Category : Business

City watchdog finds most banks haven’t done anti-corruption audit and managers’ knowledge of corruption laws poor

The City watchdog has warned that many banks are failing to provide proper controls to prevent bribery and corruption despite the high profile introduction of the Bribery Act last year.

The Financial Services Authority said almost half of the 15 banks it visited for spot inspections failed to provide an “adequate anti-bribery and corruption risk assessment”. It said it was considering referring some for further investigation and possible fines.

The FSA warned that senior managers’ knowledge of corruption laws was so poor that it was “difficult for us to see how firms’ senior management could provide effective oversight”. Only two of the firms visited, it added, had carried out an anti-corruption audit.

“Overall, despite the high profile of the issue, the investment banking sector has been too slow and too reactive in managing bribery and corruption risks,” said Tracey McDermott, the FSA’s acting director of enforcement and financial crime. “Firms across all sectors must have appropriate controls to manage their financial crime risks, whether related to bribery and corruption or otherwise.”

McDermott said the FSA, and the newly formed Financial Conduct Authority that will take on responsibility for financial wrongdoing from next year, will continue to monitor banks’ progress closely and will consider issuing fines.

The warning comes hot on the heels of an £8.75m fine handed down to Coutts, the banker to the Queen owned by RBS, for breaches of money-laundering rules after three years of “serious” and “systemic” problems in handling the affairs of customers vulnerable to corruption because of their political links.

The FSA’s latest investigation examined the banks’ rules and procedures to limit gifts and hospitality and check the background of future employees and remuneration structures. It found that investment banks generally limited hospitality to £400 for individuals and to £15,000 for corporate or sponsorship events. The report found that one banker had accepted corporate hospitality of “a three-day trip to the football World Cup in South Africa costing £10,000 for one employee and his wife”.

No individual banks were named in the report.

The introduction of the Bribery Act last year was the most significant overhaul of the UK’s bribery laws for 100 years, placing legal responsibility on firms for ensuring that anti-corruption measures are enforced.

Greg Brandman, a former manager in the FSA enforcement division and now a partner at law firm Eversheds, said: “There has been concern within the FSA for some time about the financial crime risk inherent in many banks’ business models and we can expect to see FSA enforcement action in this area in the not too distant future. The message from this latest thematic review is particularly clear: if financial institutions have not carried out an adequate anti-bribery and corruption risk assessment and made appropriate enhancements to their systems and controls, they had better get on with it, or they may not have a leg to stand on when the regulator comes knocking.”

Boeing (BA) forms a partnership with Chinese jet manufacturer Comac to research ways to make planes more fuel-efficient and cut greenhouse gas emissions. "From a financial perspective, this probably doesn’t mean much, but Boeing is very keen to…

Category : Stocks, World News

Boeing (BA) forms a partnership with Chinese jet manufacturer Comac to research ways to make planes more fuel-efficient and cut greenhouse gas emissions. “From a financial perspective, this probably doesn’t mean much, but Boeing is very keen to maintain good relations with the Chinese government because it controls the airlines,” an RBC analyst says. Post your comment!

View post: Boeing (BA) forms a partnership with Chinese jet manufacturer Comac to research ways to make planes more fuel-efficient and cut greenhouse gas emissions. "From a financial perspective, this probably doesn’t mean much, but Boeing is very keen to…

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Buffett: Banks Victims of Evicted Homeowners

Category : Business, World News

Warren Buffett, who controls the biggest shareholding of the No. 1 U.S. mortgage lender, said banks were victimized by some homeowners who refinanced their loans before getting evicted.

Read more: Buffett: Banks Victims of Evicted Homeowners

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