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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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Microsoft names new finance chief

Category : Business, World News

Microsoft names Amy Hood as its new chief financial officer, the first woman to hold the post at the technology giant.

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Brazilian Azevedo to head up WTO

Category : Business, World News

The new head of the World Trade Organisation will be Roberto Azevedo from Brazil, the first Latin American to hold the post, officials say.

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Stocks: Earnings back in focus

Category : Stocks

Investors may see a bounce back after ‘sell in May’ sentiment took hold on Wednesday but earnings will again hold sway.

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Civil servants plan further strike

Category : Business, World News

Civil servants will hold a second strike over pay and pensions after an initial Budget day walkout, the Public and Commercial Services union confirms.

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Stocks: Manufacturing and consumers in play

Category : Stocks

Investors head into the week looking to hold onto momentum in the market, as reports on manufacturing and consumer behavior are due out throughout the week.

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What not to expect at Apple shareholders meeting

Category : Business, Stocks

Will Tim Cook say anything newsworthy or material? Don’t hold your breath.

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Horsemeat scandal widens across EU

Category : World News

The French consumer, agriculture and food ministers are to hold emergency talks with key players in the meat industry as the horsemeat scandal widens.

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3 lessons for Apple’s shareholders

Category : Business, Stocks

The recent swings in Apple stock prove that a few simple rules of investing always hold true.

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Regulators ease bank asset rules

Category : World News

International financial regulators ease the first-ever rules on minimum quantities of cash and assets all banks must hold, set to take effect in 2015.

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Mario Monti resigns as prime minister of Italy

Category : Business

Uncertainty over former European commissioner’s plans for elections, which are expected in February

The Italian prime minister, Mario Monti, tendered his resignation to the president on Friday after 13 months in office, opening the way for a highly uncertain national election in February.

The former European commissioner, appointed to lead an unelected government to save Italy from financial crisis a year ago, has kept his own political plans a closely guarded secret but he has faced growing pressure to seek a second term.

President Giorgio Napolitano is expected to dissolve parliament in the next few days and has indicated that the most likely date for the election is 24 February.

In an unexpected move, Napolitano said he would hold consultations with political leaders from all the main parties to discuss the next steps. In the meantime, Monti will continue in a caretaker capacity.

European leaders including German chancellor Angela Merkel and European commission president José Manuel Barroso have called for Monti’s economic reform agenda to continue, but Italy’s two main parties have said he should stay out of the race.

Ordinary Italians are weary of repeated tax hikes and spending cuts and opinion polls offer little evidence that they are ready to give Monti a second term. A survey this week showed 61% saying he should not stand.

Monti, who handed in his resignation during a brief meeting at the presidential palace shortly after parliament approved his government’s 2013 budget, will hold a news conference on Sunday at which he is expected clarify his intentions. He has not said clearly whether he intends to run, but he has dropped heavy hints that he will continue to push a reform agenda that has the backing of Italy’s business community and its European partners.

Former prime minister Silvio Berlusconi’s return to the political arena has added to the already considerable uncertainty about the centre-right’s intentions and increased the likelihood of a messy and potentially bitter election campaign.

The billionaire media tycoon has fluctuated between attacking the government’s “Germano-centric” austerity policies and promising to stand aside if Monti agrees to lead the centre-right, but now appears to have settled on an anti-Monti line.