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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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4 questions for Nasdaq’s private share market

Category : Business, Stocks

NASDAQ is putting its imprimatur on private shares trading, but several questions remain.

Link: 4 questions for Nasdaq’s private share market

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Individual investors still nervous about stocks

Category : Business, Stocks

Despite a big rally and evidence that individual investors are putting money back into stocks, financial adviser say many of their clients remain nervous.

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Conrad Black lands TV talk-show job in Canada

Category : Business

But some might say Black has just found himself a gullible Canadian fool in Moses Znaimer

We ought to have seen it coming last year when Conrad Black lumbered around London’s TV studios plugging his latest book – and labelling Jeremy Paxman a “priggish, gullible, British fool” along the way. Oh the wonder at seeing a baleful bear of notoriety snarling and snapping at Paxo, Adam Boulton and Co! What on earth could he do next? Silly question: obvious answer. Black was surly and snarly enough to make a great talk-show host himself.

And so it comes to pass, in Canada to begin with, as Conrad takes over half the presenting duties on something called The Zoomer – Television for Boomers with zip – which, being interpreted, means current affairs for those in late middle-age. He will offer an interview “with some of the world’s greats” each week, plus a feature slot called, inevitably, Talk Black, where he can play grumpy old ex-newspaper proprietor and prison reformer to his heart’s content.

“If ever you’re giving a dinner party, this is the guy you want to invite,” says Black’s new boss, Moses Znaimer. Yet somehow, far in the distance, you can hear Paxo singing a new song for Moses. “Who’s gullible now?”

Sir Ray Tindle ought, at 87, to be putting his feet up, not buying ever more struggling newspapers and putting his private company profits up by 278% in 2012 (on the latest figures). But then Ray is the wisest, canniest old bird around. They laughed a couple of years back when he began buying shares in Johnston Press at 4.5p a time. But now JP is up to 12.5p and Ray, with more than 51m of them, has seen his bank account take a £3.1m bounce – bigger, as it happens, than the £1.52m profit his papers have just recorded. Life changing as recession recedes? Perhaps. But life-affirming? Absolutely.

AUDIO: Chip make Intel sees profits slump

Category : Business, World News

The world’s biggest maker of silicon chips, Intel, which grew by putting chips most of the world’s personal computers, is now facing an erosion of that market.

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HMV chain to appoint administrator

Category : Business

Troubled music and DVD retailer HMV, which began trading in 1921, announces it is to appoint an administrator, putting about 4,350 jobs in jeopardy.

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VIDEO: Inside EU’s new cybercrime unit

Category : Business

A growing dependence on the internet is putting Europe in increasing danger from cyber criminals, senior European detectives have warned.

Visit link: VIDEO: Inside EU’s new cybercrime unit

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Jessops goes into administration

Category : Business

Troubled camera retailer Jessops goes into administration, putting 2,000 jobs at risk as administrators say store closures are “inevitable”.

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Money woes ‘causing family strain’

Category : Business, World News

The UK’s ongoing financial problems are putting an increasing strain on family relationships, a survey by the Relate charity suggests.

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Banking union is good in theory but perhaps not in practice

Category : Business

Putting the European Central Bank in charge of the zone’s biggest bank offers the prospect of progress

There’s an argument that agreement on banking union in the eurozone creates serious problems for the City and UK banks. Will the Square Mile lose its competitive advantage? Could banking union be used as cover to force euro-trading out of London? And will the European Central Bank, as regulator for the zone’s biggest banks, come to out-gun the pan-EU European Banking Authority (EBA) and thus establish rules ill-suited for UK banks?

These worries should be ignored, at least in the short- and medium-term. First, the big picture. The ECB, as single eurozone banking regulator, can hardly fail to do better than the current collection of national supervisors. For the past two years, we’ve seen multiple failures to confront head-on the problem of under-capitalised banks.

Putting the ECB in charge of the zone’s biggest banks offers the prospect of progress on this front. Banking union obviously does not solve the broader sovereign debt crisis. But the net result -– if all goes according to plan – should be more capital flowing into eurozone banks. That must have beneficial knock-on effects for confidence in UK banks.

Second, the technical factor. Britain appears to have won reasonable safeguards to protect the independence of UK regulation and the status of the EBA. There will be a so-called “double majority” voting system designed to give Britain and other non-eurozone members a voice in pan-EU capital and liquidity rules.

Nothing is forever, of course, and there’s a risk that the principle doesn’t work well in practice. But at least there’s unity at the outset. It’s hard to spot a serious threat to London’s status as Europe’s financial centre.

Third, being outside the banking union is the best place to be, especially if the grand vision turns out to be a flop. Would you feel safer entrusting regulation of Britain’s over-large banks to the ECB? The answer is surely no: a beefed-up Bank of England is better placed to detect nasties in the UK banking system than the ECB. Remember, reform in Britain on capital and liquidity has happened faster than in the eurozone, if only out of necessity.

In short, from the UK perspective, banking union has far more pluses than minuses: if it works, it’s helpful; if it doesn’t, we’re better off outside the club.

Car sales set for four-year high

Category : World News

UK new car registrations rise 11% in November, putting them on course for their highest full-year total since 2008, the SMMT claims.

The rest is here: Car sales set for four-year high

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