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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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VIDEO: Mexican tops Forbes rich list again

Category : World News

Mexican tycoon Carlos Slim has topped Forbes magazine’s list of the world’s richest billionaires for a fourth year

More here: VIDEO: Mexican tops Forbes rich list again

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Revolution Resources Corp. (RVRCF: OTC Link) | Home Country News Release – Revolution Signs Formal Agreement with Lake Shore Gold for Mexican Property Portfolio

Category : Stocks, World News

Revolution Resources Corp. has filed a Home Country News Release – Revolution Signs Formal Agreement with Lake Shore Gold for Mexican Property Portfolio To view the full release click here (link to PDF).

Originally posted here: Revolution Resources Corp. (RVRCF: OTC Link) | Home Country News Release – Revolution Signs Formal Agreement with Lake Shore Gold for Mexican Property Portfolio

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Latin music star Jenni Rivera believed dead in plane crash – Los Angeles Times

Category : Stocks


CBC.ca
Latin music star Jenni Rivera believed dead in plane crash
Los Angeles Times
MEXICO CITY — Mexican American singer Jenni Rivera, the “diva de la banda” whose commanding voice burst through the limits of regional Latin music and made her a cross-border sensation and the queen of a business empire, was believed to have died
Singer feared dead in Mexican plane crashBoston.com
Mexican-American Singer Feared DeadVoice of America (blog)
Mexico singer Jenni Rivera dies in plane crashBBC News
E! Online

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Yahoo ‘ordered to pay $2.7bn’

Category : Business, World News

Internet group Yahoo says it has been ordered to pay $2.7bn to two plaintiffs in a Mexican court ruling.

The rest is here: Yahoo ‘ordered to pay $2.7bn’

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Fugitive, suspected of murder in LA, arrested in Mexico – Los Angeles Times

Category : Stocks


The Associated Press
Fugitive, suspected of murder in LA, arrested in Mexico
Los Angeles Times
Jose Luis Saenz A Los Angeles gang member on the FBI's 10 Most Wanted fugitive list who authorities say killed four people has been arrested in Guadalajara, Mexico, authorities said Friday. Jose Luis Saenz, who is believed to have worked for a Mexican
Mexico arrests suspected murderer on FBI most wanted listReuters
1 of FBI's 10 most wanted arrested in MexicoWatertown Daily Times
FBI Top 10 fugitive arrested in MexicoCNN

all 553 news articles

Top drug cartel leader in Mexico possibly killed in firefight, officials say – Los Angeles Times

Category : Stocks


BBC News
Top drug cartel leader in Mexico possibly killed in firefight, officials say
Los Angeles Times
MEXICO CITY — Mexican authorities said late Monday they may have killed the top leader of the notorious Zetas paramilitary force in a gun and grenade battle in the state of Coahuila, in what would be the most important blow to powerful drug cartels in
Mexican Navy: Leader of notorious Zetas cartel may have been killed in shootoutCNN International
Mexico says Zetas drug lord Heriberto Lazcano may be deadBBC News
Mexico Navy: Zetas Cartel Leader Apparently…ABC News
Irish Times

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Revolution Resources Corp. (RVRCF: OTC Link) | Home Country News Release – Revolution Acquires an Option on Lake Shore Gold’s Mexican Portfolio (formerly West Timmins Mining)

Category : World News

Revolution Resources Corp. has filed a Home Country News Release – Revolution Acquires an Option on Lake Shore Gold’s Mexican Portfolio (formerly West Timmins Mining) To view the full release click here (link to PDF).

Continued here: Revolution Resources Corp. (RVRCF: OTC Link) | Home Country News Release – Revolution Acquires an Option on Lake Shore Gold’s Mexican Portfolio (formerly West Timmins Mining)

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Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY: OTC Link) | Passing away of Roberto Gonzalez Barrera, GFNorte’s Chairman Emeritus.

Category : World News

Grupo Financiero Banorte (GFNORTE) informs its shareholders and the investment community about the passing away on August 25th of Roberto Gonzalez Barrera, Chairman Emeritus and its largest shareholder.

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‘Britons evaded £200m in tax’ using HSBC-owned Swiss bank

Category : Business

Trade minister who headed banking division is facing further pressure

British clients of an HSBC-owned private Swiss bank that is the focus of a major HM Revenue & Customs investigation are alleged to have evaded tax by an amount likely to exceed £200m, the Observer has learned.

The potential scale of the tax loss will heighten pressure on trade minister Lord Green, who was chairman of HSBC’s private banking division during the period the HMRC is investigating. He is already facing questions from MPs about the bank’s links to Mexican drug cartels and terrorists that came to light this month in a devastating US Senate investigation. Emails released as part of that investigation showed Green was twice warned about compliance failures and allegations that huge sums were laundered by Mexican drug gangs through a subsidiary of HSBC.

Green, chairman and previously chief executive of HSBC until 2010, when he entered government, last week spoke of his regret at HSBC’s failures to implement anti-money laundering protocols.

Now it has emerged that the sums allegedly evaded by Britons using HSBC’s Swiss bank are massive. HMRC told the Bureau of Investigative Journalism “the early indications are that the amounts are significant”.

The HMRC in 2010 received data smuggled out of HSBC by a former bank IT worker, now under arrest in Spain and facing possible extradition to Switzerland, that contained details of 6,000 UK-linked individuals, companies and trusts. Two senior tax investigators who both worked at HMRC told the bureau the average amount evaded in the 6,000 accounts is likely to range between £33,000 and £50,000. Three weeks ago, HMRC secured its first high profile conviction from the HSBC Swiss bank data. Property developer Michael Shanly, estimated to be worth £132m, admitted evading £430,000 in inheritance tax.

HSBC documents show that Green was chairman and a director of HSBC Private Banking Holdings (Suisse) SA for ten years from 2000 — the bank at the centre of HMRC’s investigations. It is unclear if the investigation affects the period when Green was in control.

It has been suggested wealthy Britons have placed £120bn in Swiss banks with £6bn in HSBC Swiss branches. HSBC says it does not condone tax evasion and it is the responsibility of clients to ensure they pay appropriate tax rates.

Labour shadow finance secretary Chris Leslie said: “We learn more and more each day about the network of high risk affiliates and tax haven linkages which HSBC and its senior executives were clearly familiar with. It is therefore more important than ever for those individuals now determining the future of banking culture and policy in this country to set out what they know about these things, and whether they took appropriate steps to defend the rules on tax and propriety.”

Green last week held a series of Olympic-related meetings with world business leaders to secure new contracts and investment for British companies.

Under his tenure, HSBC withstood the global economic crisis without requiring a taxpayers’ bailout. But the bank has in the past faced questions over its anti-corruption compliance. In 2010, a US Senate investigation criticised it for lax oversight of accounts held by Angolans.

HSBC, the biggest western bank in Egypt, last year faced strong criticism for its connections to the Mubarak regime. A Church of England lay preacher, Green co-chaired the Egyptian British Business Council in 1998, which reported to then British and Egyptian prime ministers Tony Blair and Kamal Ganzouri.

Chipotle: A spicy stock downgraded to mild

Category : Business, Stocks

Shares of Chipotle Mexican Grill plunged more than 20% Friday after the company reported weaker-than-expected sales growth. Several analysts also slashed their ratings.

Read more: Chipotle: A spicy stock downgraded to mild

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