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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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New energy tariffs ‘still confusing’

Category : Business

Reforms to energy tariffs could leave consumers struggling to find the best deal, says Which?, but the regulator argues the changes have been misrepresented.

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VIDEO: Ofgem plan for simpler energy tariffs

Category : Business, World News

Energy regulator Ofgem has unveiled proposals to force suppliers to tell customers about the cheapest gas and electricity tariffs they have on offer.

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Martin Rowson on the government’s approach to energy policy – cartoon

Category : Business

Downing Street insists it will press ahead with legislation to require electricity companies to offer cheapest tariffs

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China loses US steel tariff plea

Category : Business, World News

The World Trade Organisation upholds its decision that China’s tariffs on imports of certain US steel products are illegal.

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British Gas set to raise gas and electricity prices

Category : Business

Centrica-owned company – which serves about 12m homes – expected to raise prices on Friday

Millions of Britons face another rise in household bills with British Gas, the UK’s largest energy supplier, set to announce a rise in its gas and electricity prices.

The Centrica-owned company, which serves about 12m homes, could announce as early as Friday that charges will rise in the high single percentage digits.

The average British Gas annual dual-fuel bill for gas and electricity is £1,260 – meaning a 5% increase would add £63 a year, while an 8% rise would put on £100.

A British Gas spokesman said: “We do not comment on future pricing movements. We do not comment on speculation about future pricing movements.”

Rival SSE is preparing to increase tariffs by an average of 9% on Monday, hitting about five million electricity customers and 3.4 million gas customers.

British Gas put gas and electricity tariffs up by 18% and 16% respectively in August 2011, blaming higher wholesale costs, but this was followed by a drop of 5% in electricity tariffs in January when prices eased.

The supplier is expected to say it has been forced into the move by higher wholesale prices and the rising cost of using the National Grid network.

British Gas warned in May that its costs were rising, with wholesale gas prices 15% higher for the coming winter and other charges set to add about £50 to the cost of supplying households this year.

But there was outrage in July after it announced a 23% leap in profits, admitting last year’s price rises helped it rack up operating profit of £345m in the first half of the year.

Caroline Flint, Labour’s shadow energy and climate change secretary, said people would “not understand why British Gas are putting prices up”.

She said: “Unless ministers get to grips with spiralling energy bills, people will rightly think that this government is completely out of touch with families and pensioners struggling to make ends meet.”

Other big suppliers – including EDF, Scottish Power and nPower – are now expected to follow suit and announce higher prices. E.ON is the only supplier to guarantee a price freeze for 2012.

Further utility bill increases will hit the Bank of England’s inflation forecasts, which predicted a gradual slide in the consumer price index rate towards the end of the year and into 2013.

Leaders at the Asia-Pacific Economic Cooperation ((APEC)) summit in Vladivostok in Russia promise to increase forex flexibility and liberalize trade. APEC, which includes the U.S., China and Japan, will cut tariffs on green-tech, while it also…

Category : Stocks

Leaders at the Asia-Pacific Economic Cooperation (APEC) summit in Vladivostok in Russia promise to increase forex flexibility and liberalize trade. APEC, which includes the U.S., China and Japan, will cut tariffs on green-tech, while it also pledges not to limit food exports despite droughts in Russia and America. Post your comment!

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U.S. companies are having to cope with an estimated tax bill of $100M following the Commerce Department’s imposition in May of provisional antidumping duties of 31%-250% on Chinese-made solar panels and making the tariffs retroactive by 90 days. The…

Category : World News

U.S. companies are having to cope with an estimated tax bill of $100M following the Commerce Department’s imposition in May of provisional antidumping duties of 31%-250% on Chinese-made solar panels and making the tariffs retroactive by 90 days. The companies are pinning their hopes on the department or ITC overturning the retroactive element of the taxes. Post your comment!

Go here to see the original: U.S. companies are having to cope with an estimated tax bill of $100M following the Commerce Department’s imposition in May of provisional antidumping duties of 31%-250% on Chinese-made solar panels and making the tariffs retroactive by 90 days. The…

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US puts tariffs on Chinese panels

Category : World News

The US says it will impose import tariffs of about 30% on Chinese solar companies, saying China is flooding it with subsidised products.

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U.S. slams Chinese solar panels with new tariffs

Category : Business

The U.S. Commerce Department announced stiff tariffs on Chinese-made solar panels Thursday, a move critics said could raise costs for consumers and further inflame trade tensions with Beijing.

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Ovo reverses cut in fuel tariffs

Category : Business, World News

The small energy supplier Ovo is putting up some its tariffs in response to higher wholesale gas prices.

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