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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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House price inflation down, says ONS

Category : World News

House prices across the UK went up 1.9% in the 12 months to February, but the difference between London and other regions is increasing.

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Community Infrastructure Improvement Fund-Wakefield Recreation Centre Receives Funding From Government of Canada

Category : World News

LA PÊCHE, QUEBEC–(Marketwired – April 6, 2013) - The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities, Minister of the Economic Development Agency of Canada for the Regions of Quebec and Minister of Intergovernmental Affairs, today announced that the Wakefield Recreation Centre has been granted financial assistance to upgrade and expand the Wakefield outdoor skating rink in the municipality of La Pêche.

Continued here: Community Infrastructure Improvement Fund-Wakefield Recreation Centre Receives Funding From Government of Canada

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Ministers back Heseltine on growth

Category : Business

The government says it will accept most of former deputy PM Lord Heseltine’s plan to stimulate the economy by boosting England’s regions.

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Lloyds TSB survey adds to signs that UK economy is slowly recovering

Category : Business

OECD the Paris-based thinktank forecasts that UK economy will grow by 0.7% in 2013 and the eurozone will grow equally slowly

Businesses entered the new year in buoyant mood according to a wide-ranging survey that adds to the growing pile of evidence showing the UK will avoid a triple dip recession.

A slowdown in the last months of 2012 was reversed in January following a jump in activity, according to the Lloyds TSB regional purchasing managers’ index.

Eight of the nine regions in the study expanded output with Yorkshire and Humber recording the fastest rate of growth.

The rebound also encouraged firms to hire more staff, confirming a Recruitment and Employment Confederation survey last week that showed an increase for the fourth consecutive month in permanent jobs coupled with a rise in starting salaries.

Lloyds said that although the latest figures showed only a moderate pace of expansion across the regions overall, this was the highest level of output growth seen since September 2012. Companies that saw an increase in new orders mostly cited improvements in business confidence and the launch of new projects, according to the survey, which was conducted by financial data provider Markit.

David Oldfield, a spokesman for Lloyds, said: “Despite fears that private sector output at the start of the year would be disrupted by the heavy snowfall in January, the latest survey revealed an upturn in business activity across most of the English regions.

“Yorkshire and Humber led the way in January, with the fastest rate of output growth of all the English regions, and the east Midlands and the south-east saw a welcome return to output growth last month. The only exception to the brightening regional economic picture at the start of 2013 was the north-east, which saw moderate declines in business activity and incoming new work.”

Several surveys of business activity have pointed to a recovery in the UK’s fortunes in the new year after a sharp slowdown in the last three months of 2012. Official figures showed the economy contracted by 0.3% in the fourth quarter of the year, triggering fears that Britain would suffer its third recession since the financial crash. A recession follows two consecutive quarters of contraction.

Construction output has improved and the services sector, which makes up three quarters of economic activity, remained steady in January. High street lending has improved and unemployment has declined in recent months.

However, many economists have warned that the UK economy remains weak and growth is unlikely to pick up this year. The OECD, the Paris-based think tank, forecasts that growth will be 0.7% in 2013 and that the UK’s major export destinations in the eurozone will grow equally slowly or remain in recession.

Meanwhile the latest Bank of England report due this week is expected to say inflation will stay above the 2% target for the rest of this year.

The Recruitment and Employment Confederation/KPMG survey of the jobs market showed the number of vacancies increased to a 21-month high last month, suggesting employers are regaining confidence in hiring following the double-dip recession.

Recruiters placed more people in permanent jobs in January with engineering and IT staff most in-demand. Confirming the Lloyds survey, the North of England saw the fastest rate of growth in permanent jobs.

Caterpillar (CAT) says due to changing economic conditions it will be raising prices on most of its machines by up to 3% in January, and will also introduce an emissions-related increase of 7% on other select models. The company, which has been…

Category : Stocks, World News

Caterpillar (CAT) says due to changing economic conditions it will be CAT) says due to changing economic conditions it will be raising prices on most of its machines by up to 3% in January, and will also introduce an emissions-related increase of 7% on other select models. The company, which has been struggling as of late with a slowdown in its China business, will release details by product to dealers soon, and the increases will vary across geographic regions and products.”>raising prices on most of its machines by up to 3% in January, and will also introduce an emissions-related increase of 7% on other select models. The company, which has been struggling as of late with a slowdown in its China business, will release details by product to dealers soon, and the increases will vary across geographic regions and products. 1 comment!

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Marchers Rally in Spain to Protest Unemployment

Category : Business, Stocks

MADRID — Several hundred demonstrators have traveled to Madrid from many parts of Spain to protest the country’s near 25% unemployment rate as well as the stinging austerity measures introduced by the government in a bid to avoid an international financial bailout.

Many of the protesters are unemployed and walked long distances to converge on the capital city.

They arrived a day after the final go-ahead for a bank bailout loan of up to 100 billion euros ($122.9 billion) failed to calm international markets. The nation’s key borrowing rate rose to a euro era record of 7.2% in reaction to the country’s continued recession and the debts of its regions. …

Excerpt from: Marchers Rally in Spain to Protest Unemployment

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Media Advisory: Canada Economic Development

Category : World News

QUEBEC CITY, QUEBEC–(Marketwire – July 13, 2012) - Representatives of the media are invited to a news conference during which the Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, will announce a financial contribution to the Fédération des pourvoiries du Québec.

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Regions: Financial Winner (Update 1)

Category : Business

Updated with market close information, the European Central Bank’s expansion of eligible collateral and a discussion on Regions Financial.

NEW YORK (TheStreet) — Regions Financial ended up the winner among the largest U.S. financial names on Friday, with shares rising 3% to close at $6.68.

The broad indexes all rose after the European Central Bank boosted available liquidity for eurozone banks, by lowering collateral requirements for its lending activities. The central bank’s governing council “reduced the rating threshold and amended the eligibility requirements for certain asset-backed securities (ABSs),” thus broadening “the scope of the measures to increase collateral availability which were introduced on 8 December 2011 and which remain applicable.” …

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Caterpillar ([[CAT]] -2.5%) says retail sales of machines for the three-month rolling period ending in May rose 11% across all world regions, vs. +12% for the three-month rolling period ending April and +18% for the three months ending March. For the…

Category : Stocks, World News

Caterpillar (CAT -2.5%) says retail sales of machines for the three-month rolling period ending in May rose 11% across all world regions, vs. +12% for the three-month rolling period ending April and +18% for the three months ending March. For the May rolling period, sales +5% in Asia/Pacific, +4% in Europe/Africa/Middle East, +31% in North America, -6% in Latin America. 5 comments!

Visit link: Caterpillar ([[CAT]] -2.5%) says retail sales of machines for the three-month rolling period ending in May rose 11% across all world regions, vs. +12% for the three-month rolling period ending April and +18% for the three months ending March. For the…

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Disposal of quake-tsunami debris

Category : World News

Regarding the June 12 Kyodo article “Gunma agrees to help dispose of Iwate quake-tsunami debris”: I’m glad to hear this news. After hearing earlier that many people in a city of my prefecture had voted against accepting quake-tsunami debris, I was afraid that the number of areas willing to receive it would be insufficient.
More regions should accept the debris. There are still only four prefectures that have helped with its disposal, including Gunma Prefecture. Acceptance of the debris is a complex problem because many people fear the risks of exposure to radioactive materials. But if no area accepts the debris, this problem will never be solved.

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