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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to 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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Stocks begin May with a sell-off

Category : Business, Stocks

Stocks dropped about 0.9% a day after they knocked-out six consecutive monthly gains, and Wall Street is wondering whether the bulls still have more room to run.

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Stocks: Starting at record levels

Category : Business, Stocks

Investors will be looking at data on the U.S. housing market and more corporate earnings Tuesday to sustain momentum after Monday’s gains.

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7 big winners in Nikkei surge

Category : Business

Spurred by “Abenomics” and a weaker yen, the Nikkei 225 index is outpacing its peers this year by a wide margin. Some stocks are posting gains of 60%, 70% or even 100%. Here are a few of the top performers.

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Stocks rebound from year’s worst sell-off

Category : Business

Housing starts and rebounding gold prices drive gains, along with strong earnings from Coca-Cola, J&J and Goldman Sachs.

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Investors still bullish on stocks

Category : Stocks

A majority of individual investors surveyed by Fidelity said they expect the S&P 500 to end the year with gains, while only 12% expect the benchmark index will end lower.

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REPEAT: BMO Nesbitt Burns Offers Tips on How to Save on Taxes Paid

Category : World News

- 63 per cent of Canadians unfamiliar with how dividend income is taxed; 58 per cent unfamiliar on how capital gains are taxed

- Strategies involving charitable donations, RRSPs, and TFSAs are among the many ways Canadians can reduce their overall tax bill

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Dow stalls just below record high

Category : Business

U.S. stocks ended a sluggish month in the red, but managed to log gains for the month.

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The euro crisis is over, declares José Manuel Barroso

Category : Business

European commission president’s optimistic comments were in sharp contrast to new year message from Angela Merkel

The euro has been saved and the euro crisis is a thing of the past, European commission president José Manuel Barroso has declared.

But his optimistic comments and the prospect of looser rules for banks failed to lift markets, which ended a strong run of recent gains.

“I think we can say that the existential threat against the euro has essentially been overcome,” Barroso said in Lisbon. “In 2013 the question won’t be if the euro will, or will not, implode,” he said.

Barroso has maintained an optimistic stance throughout the crisis, but his comments were in sharp contrast to the new year’s message from German chancellor Angela Merkel, who told TV viewers last week that the currency zone faced another rocky 12 months.

City analysts are also deeply concerned that austerity measures demanded by Brussels as the price of bailout funds would lead to prolonged recessions in periphery countries and the need for steeper spending cuts.

Cuts to essential public services in Spain, Italy, Greece and Portugal are expected to increase unemployment and lead to further social unrest.

Protests on the streets of Madrid on Monday highlighted the tensions inside the euro area after banner-waving protesters blamed Brussels, Berlin and the right of centre PP government of Mariano Rajoy for privatisations and cuts in healthcare spending.

Elga Bartsch, an analyst at Morgan Stanley, said she was anxious that Barroso and his colleagues in Brussels would fail to resolve long-running disputes over the EU’s new institutions.

“The euro crisis seems contained for now. But we think it is not resolved for good. In addressing the fundamental flaws in the euro’s institutional set-up, progress on banking union will be key. Assuming no crisis escalation, the euro area should re-emerge from recession and return to sub-par growth. Politics is the main risk,” she said.

Political deadlock, which has also characterised the reform agenda in Washington and Tokyo, could allow social unrest to grow and wreck any coherent reform plans, she said.

“An extended recession, diverging political positions and several elections create a difficult backdrop for in-depth reforms. We therefore expect only limited progress on an effective resolution of the crisis this year. We believe that progress on banking union, where preparations are under way for a Single Supervisory Mechanism (SSM) and where discussions continue on harmonising, and possibly pooling, bank resolution and deposit guarantee schemes, will be key.”

Merkel faces a general election in the autumn against a resurgent Social Democratic party (SPD) while the Italians are expected to go to the polls next month in an election that could see a revived Silvio Berlusconi with enough votes to block reform measures.

Global stock markets, which have warmed to the message that the euro crisis is abating, drifted lower as some investors sought to cash in on last week’s strong gains and worries grew of more political brinkmanship in Washington. Major indices surged last week after the US Congress passed a bill to avoid a “fiscal cliff” combination of government spending cuts and tax increases.

The deal, however, remains incomplete. Politicians will face another deadline in two months to agree on more spending cuts while a debate over the country’s $16 trillion (£9.9tn) debt ceiling is also looming.

Concerns that the eurozone will suffer another year of economic downturn after entering recession last year were heightened by comments from OECD boss Angel Gurría who said the 17 member zone could continue contracting into 2014.

Britain’s FTSE 100 fell 0.4% to 6064 while Germany’s Dax was down over 0.7% to 7719.78. France’s Cac-40 lost 0.8% to 3701.06.

Wall Street opened lower as well, with the Dow shedding 0.4% to 13,377.13 and the broader S&P 500 falling 0.4% to 1460.14.

The one bright spot for the markets was the banking sector, where stocks were up after global regulators eased new rules obliging lenders to set capital aside. The so-called Basel III rules are a set of new international standards to make sure banks protect themselves from the same trouble that caused the 2008 financial crash.

On Sunday, the officials setting those rules delayed the date by which banks needed to have certain amounts of cash readily available.

The move caused a jump in bank shares – Deutsche Bank was up 3% but the biggest gains were among ailing Spanish banks, which some had feared would struggle to meet the new cash requirements. Bankinter was up 8% and Banco Popular was 2.8% higher.

Stocks in 2013: Get defensive

Category : Business, Stocks

U.S. stocks are expected to grind higher in 2013, but don’t expect another year of double-digit gains.

The rest is here: Stocks in 2013: Get defensive

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Priceline falling over fiscal cliff? Stock down 5%

Category : Business

Shares of the online travel firm dropped after an analyst downgrade. Some traders think Priceline is a victim of capital gains tax fears while others worry about competition.

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