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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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REPEAT-BMO: Investing Strategies Should Vary With Age and Stage

Category : Stocks

- As the RRSP contribution deadline approaches, Canadians of all ages should review their portfolios to ensure they align with their retirement goals

- BMO SelectClass(R) funds offer four portfolios with varying risk levels to help suit the needs of investors at various life stages

Excerpt from: REPEAT-BMO: Investing Strategies Should Vary With Age and Stage

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REPEAT: BMO InvestorLine Study: This Summer, Slow and Steady Wins the Race for Canadian Investors

Category : Stocks

- More than half of Canadians see themselves as the investing equivalent of a marathon runner: it’s a long and winding road and they’re in the markets for the long-haul

- Almost 60 per cent believe it takes the balance of a gymnast to manage risk in this current market environment

- Fifty-seven per cent are upbeat about what the next four years hold for their portfolios

- BMO InvestorLine offers a variety of resources to help support all types of investors

Read the original post: REPEAT: BMO InvestorLine Study: This Summer, Slow and Steady Wins the Race for Canadian Investors

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REPEAT-BMO Canada Day Study: True Patriot Love! Canadians Are Proud of Country’s Economy and Bullish About Their Investments

Category : World News

- Vast majority are proud of Canada’s overall economic performance

- Almost three-quarters of Canadians are more optimistic about Canada’s financial markets relative to global markets

- Half expect their investment portfolios to grow by Canada Day 2013

- Possibility of a U.S. recession viewed as the most likely threat to Canada’s ongoing prosperity

See the article here: REPEAT-BMO Canada Day Study: True Patriot Love! Canadians Are Proud of Country’s Economy and Bullish About Their Investments

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Best of StockTwits: Greek stocks surge ahead of elections. Really?

Category : Business

Amazingly enough, traders are flocking to an ETF of Athens-listed companies before the election Sunday. Will that be a Greek tragedy for their portfolios?

Follow this link: Best of StockTwits: Greek stocks surge ahead of elections. Really?

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Hedging won’t save your portfolio or pension

Category : Business, Stocks

Since the financial crisis, Wall Street and investors have been enamored with creating the perfect hedge to protect portfolios against another market crash.

View original post here: Hedging won’t save your portfolio or pension

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Where Large Banks Fail, Regionals are Succeeding: Bove

Category : Stocks

By Jeff Cox, Senior Writer

NEW YORK (CNBC) — Large regional banks are filling a void created by the biggest institutions’ regulatory burdens and the competitive disadvantage of smaller companies, analyst Dick Bove said.

Firms in the middle tier of banking — think US Bancorp , PNC and Capital One, for instance — are growing their key commercial and industrial lending portfolios while their competitors have had to pull back their activities, according to an analysis from the widely followed Rochdale Securities vice president of equity research. …

Link: Where Large Banks Fail, Regionals are Succeeding: Bove

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A ‘Moneyshift’ Guide to Emerging-Market Profits

Category : Business, Stocks

Jerry Webman, author of Moneyshift, offers tips for investors seeking to expand their emerging-market portfolios.

Read the rest here: A ‘Moneyshift’ Guide to Emerging-Market Profits

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15 Apple-Like Stocks That Could Bear Similar Fruit (Update1)

Category : Stocks

(Story updated to add that Piper Jaffray initiated coverage of VMware with an “overweight” rating and a $125 price target.)

BOSTON (TheStreet) — Everybody wants to pick the next Apple, the maker of the iPad and iPhone, which has seen its shares climb 55% this year, five times that of the S&P 500.

A cumulative stock-price gain of 474% in the past three years has resulted in a world-leading market value of $585 billion, and it makes up 4.5% of the S&P 500. That means Apple is a deceptively large part of many investment portfolios.

Click to view a price quote on AAPL.

Click to research the Computer Hardware industry.

See the article here: 15 Apple-Like Stocks That Could Bear Similar Fruit (Update1)

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UK banks and insurers blacklist cluster bomb manufacturers

Category : Business

Lloyds and Aviva among the major firms invoking ‘stop lists’ to purge cluster munitions companies from their share portfolios

Four of Britain’s biggest banks and insurance companies have blacklisted a dozen companies that manufacture cluster bombs and landmines, including two of the world’s largest defence firms.

The Guardian has learned that major firms such as Lloyds Banking Group (through its investment arm Scottish Widows), Aviva, the UK’s largest insurer, and the Co-op have imposed a blanket ban on holding shares in companies that make or supply cluster munitions, purging them from nearly all their share portfolios.

Royal Bank of Scotland has banned all new lending to the same companies, and is now reviewing its defence industry shareholdings. Similar action is being taken by all the firms to clear out shares in anti-personnel landmine manufacturers, following intense pressure from human rights campaigners.

The industry is operating two parallel “stop lists”, which cover a dozen arms companies involved in making or supplying cluster bombs and anti-personnel landmines, including the US defence companies Lockheed Martin and General Dynamics, and the South Korean industrial conglomerate Doosan.

The unpublicised but co-ordinated move represents a significant strengthening in the ethical investment and lending policies of the institutions involved, which is expected to put the UK’s other major banks, Barclays and HSBC, under pressure to follow them.

The clampdown follows criticisms from human rights campaigners, including Amnesty International and the Dutch group IKV Pax Christi, which last year vigorously attacked the industry for failing to take rapid and comprehensive action on their cluster bomb and landmine investments.

It is understood that at least one of the largest firms has found, in a confidential survey, that a significant majority of its customers were unhappy with investing in makers of cluster bombs.

The four firms collectively have investment portfolios worth nearly £600bn and it is estimated they will have to sell hundreds of millions of dollars in shares across all the firms on the stop lists. Aviva, RBS and Scottish Widows have yet to advise their clients of the move, and have yet to complete their purge.

The main exclusions will be portfolios based on the US stock market and privately held share portfolios, which they manage for clients or act as the nominee, where the client controls the investment policy. Those exclusions could affect at least 10% of the total funds run by Aviva and Scottish Widows.

The US investors and clients of some firms involved have angrily resisted attempts to sell off US defence shares, industry sources said, pointing to a growing gulf between UK institutions and the US over ethical and socially responsible investment policies.

All four UK institutions said their policies had been heavily influenced by the introduction of the 2008 Oslo convention on cluster munitions, which bans the manufacture, sale and use of cluster bombs, and the 1997 Ottawa convention banning anti-personnel landmines.

The cluster bombs convention, which came into force in 2010, has now been ratified by 70 states and signed by 43, with the notable exception of the US, China and India. The US has been accused of trying to undermine the treaty by forcing through exclusions in other UN treaties. It has instead banned the export of cluster munitions with a failure rate of more than 1% but insists its forces will continue to use them.

The UK government now bans the manufacture, sale and export of the devices, which are still being made or offered for sale by US, Pakistani, Indian, Singaporean, Chinese and Israeli firms. Several companies that sold cluster bombs at the UK’s main arms fair last year were expelled.

The Dutch and Swiss governments are now introducing new laws forbidding their financial institutions from investing in cluster munitions firms – a measure the UK government is continuing to resist.

Roos Boer, a policy adviser for IKV Pax Christi, which is based in Utrecht, said she would carefully study the banks’ new stances to see if they were exploiting any loopholes. The group remained sceptical about their exclusion from privately owned investment portfolios.

“If these financial institutions are disinvesting from cluster munitions producers that would be a very positive step,” she said. “We’re generally seeing a positive trend emerging in the UK, but we urge financial institutions to be comprehensive in drawing up their policies.

“Any exception or loophole which allows funding to go to cluster munitions producers runs counter to the goal of a world without cluster munitions, and it runs counter to the demands of the public.”

The main stop list used by Aviva, RBS and Scottish Widows was compiled by the Swedish ethical investment consultancy Ethix, and it includes Hanwha Corporation (South Korea), Singapore Technologies Engineering (Singapore), Alliant Techsystems (US), Aryt Industries (Israel), Doosan Corporation (South Korea), GenCorp (US), General Dynamics Corporation (US), L-3 Communications Corporation (US), Lockheed Martin Corporation (US), Poongsan Corporation (South Korea), Textron (US) and Poongsan Holdings Corporation (South Korea).

Aviva, which manages global investments worth £400bn, told the Guardian the company had decided in 2008 that the manufacture of cluster munitions and anti-personnel mines undermined fundamental human rights.

After initially banning shareholdings in firms that made cluster munitions or anti-personnel mines from its own shareholder funds, that policy is now being applied across all its portfolios where it controls investment policies. In 2010, it controlled $65m (£41m) worth of bonds in Lockheed Martin and $67m in Textron.

“The Aviva board has now determined that this exclusion should also be applied to Aviva policyholder funds. We are currently working to implement this decision and will provide an update when this is complete,” the firm said.

Bailed-out Lloyds bought $62.5m worth of shares in Lockheed Martin in 2009. Scottish Widows Investment Partnership, which has worldwide investments worth £140bn, and is the main investment business for Lloyds, said: “We are now well advanced in a process of identifying and divesting from overseas companies where there is strong evidence of involvement in activities prohibited by the convention.

“This applies to all funds where SWIP [Scottish Widows Investment Partnership] and other Lloyds Banking Group companies control the investment policy of the fund. We have a similar divestment policy in place for companies that are breaching the Ottawa treaty on anti-personnel landmines.”

RBS, more than 80% owned by the taxpayer and whose investment portfolios have shrunk to about £30bn after the banking crisis, banned any new lending or financing of companies linked to the cluster bombs industry last year, after being exposed by IKV Pax Christi.

In 2009, it underwrote or bought $200m in shares and bonds in Lockheed Martin and Alliant Techsystems. It is understood to have begun investigating its smaller shareholdings for any shares in the 12 firms on the stop list.

Co-op Asset Management, which has £16bn in investments and uses a different stop list to its competitors, said it would have divested all of its retail investment products and its own investment funds by the end of April.

“All of our active portfolios are no longer invested in such holdings and no further investments in such companies have or will be made through these funds,” a spokesman said. “By the end of this month we will also have divested all of our passive, tracker funds, which are non-retail funds owned by the Co-operative’s life fund, from these companies.”

Not just an economist, Keynes was an investing star, outperforming the U.K. stock market by 8% annually over a 22-year period running an endowment. Keynes didn’t hit his stride, though, until ditching a "macro" style for "bottom…

Category : Stocks

Not just an economist, Keynes was an investing star, outperforming the U.K. stock market by 8% annually over a 22-year period running an endowment. Keynes didn’t hit his stride, though, until ditching a “macro” style for “bottom up” stock-picking. “Eccentric, unconventional and rash in the eyes of average opinion,” says David Chambers after a study of the master’s portfolios. 5 comments!

See the original post here: Not just an economist, Keynes was an investing star, outperforming the U.K. stock market by 8% annually over a 22-year period running an endowment. Keynes didn’t hit his stride, though, until ditching a "macro" style for "bottom…

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