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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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Ford announces entry into Burma

Category : World News

US carmaker Ford becomes the latest foreign company to announce plans to enter the Burmese market, after investment sanctions are suspended.

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French firm ‘mislabelled horsemeat’

Category : World News

French meat processing company Spanghero has its licence suspended after the government says it relabelled horsemeat as beef.

Link: French firm ‘mislabelled horsemeat’

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US joins Dreamliner Japan probe

Category : World News

US safety officials join an investigation into the Boeing’s 787 Dreamliner plane, which has been suspended from flying due to concerns about its batteries.

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Boeing halts Dreamliner deliveries

Category : Business, World News

Boeing halts deliveries of its new 787 Dreamliner – which has been suspended from flying due to concerns about its batteries – until the problem is resolved.

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Google trio win sentence appeal

Category : Business

An Italian court overturns suspended jail sentences given to three Google executives after a video of a bullied teenager was posted on their site.

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AIG may sell remaining AIA stake

Category : Business, World News

Shares in insurer AIA are suspended with US insurance giant AIG set to sell all or most of its remaining stake in the Asian firm.

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Rail official job case adjourned

Category : Business, World News

The most senior of the three officials suspended after the collapse of the West Coast Mainline rail contract fails in her latest legal bid to be allowed back to work.

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Comet gift vouchers are suspended

Category : Business

The administrators of the electrical retailer Comet have temporarily suspended the use of gift vouchers at the stores, which have been open as usual.

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RBS suspends another trader over Libor

Category : Business

Royal Bank of Scotland has suspended another trader as part of its ongoing investigation into the potential manipulation of Libor

Royal Bank of Scotland has suspended another trader as part of its ongoing investigation into the potential manipulation of Libor.

The bailed-out bank has already warned that it expects to be fined by regulators for its role in attempting to fix the key benchmark interest rate which has cost Barclays £290m in penalties.

RBS fired four traders last year – including Tan Chi Min, a senior trader in Singapore who is now suing the bank for wrongful dismissal – and earlier this month suspended Jezri Mohideen as head of rates trading for Europe and Asia Pacific.

It has now been reported that Ken Choy, a Singapore-based foreign exchange trader, has also been suspended as the local authorities step up an investigation into the local interest rate benchmarks. Choy was quoted in the Wall Street Journal as saying he was on “compliance leave”.

RBS, 81% owned by the taxpayer, is expected to face fresh questions about Libor when it reports its third quarter figures next week and repeated its statement that it was continuing to co-operate with regulators.

The other bailed-out bank, Lloyds Banking Group, is also co-operating with regulators after receiving subpoenas from a number of jurisdictions, including the US.

“It is currently not possible to predict the scope and ultimate outcome of the various regulatory investigations or private lawsuits, including the timing and scale of the potential impact of any investigations and private lawsuits on the group,” Lloyds said in its half year results in the summer. It will update the market on its third quarter trading next week amid concerns it could also be forced to make a new provision for payment protection insurance misselling on top of the £4.3bn already set aside to cover potential claims.

Eric Schneiderman, New York attorney-general and George Jepsen, the Connecticut attorney-general, are among the two US bodies to request information from banks lately. More than a dozen banks around the world are thought to be co-operating with regulators in the UK, Europe, the US, Switzerland and in Asia.

Kingfisher falls on suspension

Category : World News

Shares in India’s cash-strapped airline Kingfisher fall almost 5%, after its license was suspended over the weekend.

Original post: Kingfisher falls on suspension

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