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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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Japan’s economy shows recovery signs

Category : Business, World News

Japan’s economy, the third largest in the world, expands at its quickest pace in a year, showing signs of an economic recovery.

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Dow, S&P hit new highs in quiet trading

Category : Business, Stocks

U.S. stocks continue to set new records as investors welcome better-than-expected corporate earnings and signs of strength in the job market.

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House prices fall for first time in seven months

Category : Business

Nationwide figures reveal 0.1% drop in house prices in April but figures still higher than 12 months before

House prices fell by 0.1% in April, the first fall in seven months, but they remained higher than they were 12 months previously, according to the UK’s biggest building society.

The figures from the Nationwide put the annual price of a UK home at £165,586. This is higher than the £164,630 recorded in March, but the seasonally adjusted figures, designed to smooth out changes driven by seasonal differences in activity in the market, showed a 0.1% fall over the month.

This was the first drop since September, and smallest of four during the last 12 months.

The annual rate of change, which is not seasonally adjusted, showed prices were up by 0.9% on April 2012, while a quarterly comparison showed a 0.5% increase on the previous three months’ averagRobert Gardnere.

April’s fall followed a flat-lining in prices in March, and reports of a slowdown in the mortgage market at the start of the year.

However, the society’s chief economist, Robert Gardner, said there were signs that activity and pricing had gained momentum.

“The three month on three month measure of house prices, which is a smoother measure of the underlying trend, has been in positive territory since October last year,” said Gardner.

“Similarly, the number of mortgage approvals has edged up from the levels prevailing last year, and there are reasons for optimism that activity levels will continue to strengthen in the months ahead.”

The society, which bases its figures on mortgage valuations it has carried out over the month, pointed to the return of first-time buyers to the market in recent months and government schemes to increase the cost and availability of credit as positive signs for the housing market.

It added that there were “tentative signs that wider economic conditions are starting to improve”, but noted that “progress is likely to be gradual”.

The most recent figures from the Land Registry showed a 0.1% rise in prices in England and Wales in March. However the data, based on completed purchases, showed vast differences between different regions, ranging from double-digit price falls in some cities to double-digit growth in some part of London.

Man Utd star van Persie signs for BT

Category : Business, World News

BT Sport signs Manchester United’s Robin van Persie to be the publicity face of its advertising campaign for its live Premier League broadcasts.

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UK construction output remains weak

Category : Business, World News

The UK’s construction industry remains weak despite signs of a recovery, official figures suggest.

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JP Morgan makes record profit

Category : World News

JP Morgan’s first quarter profits rise by a third to a record $6.5bn and the bank says there are signs the US economy is “healthy and getting stronger”.

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The bitcoin trade: Higher, Higher, Higher!

Category : Business

The 4-year-old cyber currency is on a tear, and shows no signs of slowing down.

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Europe: Still a slow-moving train wreck – opinion

Category : Business, Stocks

Investors should heed the warning signs: unemployment rate in the double digits and slowing economic growth.

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US economic indicators improving

Category : World News

Signs of recovery in the US economy are underlined with news that home sales are running at a three-year high, while a confidence index also rose.

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US factory output jumps in February

Category : Business, World News

US manufacturing activity rebounds in February thanks to a strong increase in vehicle production, amid signs of further improvement in the economy.

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