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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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VIDEO: How to control mobile data costs

Category : Business, World News

Consumers are wasting money by not understanding the cost of accessing emails and social networking sites via their mobile phones, according to the website billmonitor.com.

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Canada and Colombia Sign Defence Cooperation Memorandum of Understanding

Category : Stocks

HALIFAX, NOVA SCOTIA–(Marketwire – Nov. 17, 2012) - Today at the Halifax International Security Forum, The Honourable Peter MacKay, Minister of National Defence, signed a Canada-Colombia Memorandum of Understanding on Defence Cooperation, with his Colombian counterpart, Minister of Defense, Juan Carlos Pinz√≥n Bueno. This Memorandum of Understanding provides a strategic framework for the growing defence relationship between our countries.

See the article here: Canada and Colombia Sign Defence Cooperation Memorandum of Understanding

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Tethys Petroleum Limited: MOU Signed with an IOC to Acquire Interest in Tajikistan PSC

Category : World News

DUSHANBE, TAJIKISTAN–(Marketwire – Oct. 26, 2012) - Tethys Petroleum Limited (“Tethys” or “the Company”) (TSX:TPL)(LSE:TPL) today announced that Kulob Petroleum Limited, its subsidiary, which is the Contractor party to the Bokhtar Production Sharing Contract (“Bokhtar PSC”) in Tajikistan, has signed a Memorandum of Understanding (“MOU”) to execute a farmout agreement on the PSC. The potential acquiring party is an international oil and gas company (“IOC”).

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Canada and South Korea Commit to Partner to Better Help People in Need

Category : World News

OTTAWA, ONTARIO–(Marketwire – Sept. 22, 2012) - Foreign Affairs Minister John Baird, on behalf of the Honourable Julian Fantino, Canada’s Minister of International Cooperation, and Mr. Kim Sung-hwan, the Republic of Korea’s Minister of Foreign Affairs and Trade, today signed a Memorandum of Understanding (MoU) to strengthen the two countries’ collaboration on international development.

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Illinois Drivers Must Carry Liability, Uninsured Motorist Coverage

Category : World News

An accident caused by an uninsured motorist can leave an injured party with few options. Understanding what preventative and compensatory options are available is important.

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Lloyds and Co-op deal now closer

Category : Business

Lloyds reaches an “understanding” with the Co-op to sell it 632 Lloyds TSB and Cheltenham and Gloucester branches.

Excerpt from: Lloyds and Co-op deal now closer

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Painting in awe of nature and the act of creation

Category : World News

Makito Okada, in his solo show at the imura art gallery, Kyoto, is concerned with rehabilitating the 18th- and 19th-century preoccupation with the Romantic aesthetic concept of the sublime. Instead of man being seen as in harmony with the natural world, obtaining aesthetic delight from it, the sublime posited man in awe of nature, finding it threatening his existence. Nature, it appeared, could outrage the imagination and defy understanding.
This is most visibly seen in “A lighthouse keeper,” where a man stands in a rowboat and looks off into the billowing and monstrous gray of the sea and sky, without a horizon. The scene appears to stupefy the lighthouse keeper.

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Digidev Group Expands Into Faith Based Programming Market

Category : World News

LOS ANGELES, CA–(Marketwire – Jun 12, 2012) – Digital Development Group Corp. (OTCBB: DIDG) (“Digidev,” “Digidev Group” or the “Company”), a development stage company aiming to offer an in-depth portfolio of content for Internet TV distribution, is pleased to announce the signing of a Memorandum of Understanding (“MOU”) which represents a major step towards a licensing agreement and the subsequent creation of a globally accessible “Faith Channel” for online viewers of the Company’s proprietary content streaming platform.

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NY Fed chairman defends JP Morgan boss ahead of Congressional hearing

Category : Business

Lee Bollinger responds to criticism that Jamie Dimon should step down from Fed board over recent $2bn trading loss

The chairman of the New York Fed has defended the role on his board of embattled JP Morgan boss Jamie Dimon.

Lee Bollinger, chairman of Federal Reserve Bank of New York, defended Dimon on Monday ahead of a Congressional appearance on Wednesday where he will be grilled over the bank’s recent $2bn plus trading loss and his role on the New York regulator.

“I do not think he should step down,” Bollinger said in an interview with the Wall Street Journal. He said critics attacking the Fed have a “false understanding” of how it works, and that it is “foolish” to say Dimon’s presence on the New York Fed board creates an appearance of a conflict as the law requires bankers to serve on such boards.

But Simon Johnson, professor of global economics at the MIT Sloan School of Management and a former chief economist at the International Monetary Fund, dismissed Bollinger’s comments and said Dimon should step down immediately. “I can tell you I don’t have a false understanding of how it works,” he said.

“Governance at the Federal Reserve was part of the way the system was mismanaged in the run up to the financial crisis of 2007-2008. I am concerned about continuing governance failures. This is an institutional problem, it’s not about individuals but it is manifest in the form of individuals and their relationships.”

He pointed out that Dick Fuld, former Lehman boss, was a NY Fed board member until shortly before that bank’s collapse. “Nothing has changed and some things have got worse,” he said.

JP Morgan is currently being investigated by the FBI and US and UK financial regulators over massive losses the bank sustained at its London offices. Johnson said it was inappropriate for him to remain on what is effectively one of JP Morgan’s regulators while those investigations continued. More generally he said bankers should not be allowed to sit on boards of their own regulators.

“I don’t know any serious country in the world that has such a serious role for bankers in the governance of a central bank. In fact there are a number of non-serious countries that would regard this as unacceptable,” he said.

In the Journal Bollinger defended Dimon and his roles. “Jamie, myself, the other members of the board, do not get involved in oversight of the supervisory function of the New York Fed,” Bollinger said.

Johnson said supervision wasn’t the only area of concern within the Fed. He said important decisions were made in research, an area where Dimon does have influence.

“Mr Dimon is absolutely in a position of responsibility above key parts of the New York Fed, including the research department,” said Johnson.

Dimon’s role at the Fed is likely to be a topic of conversation Wednesday when the bank boss appears before the Senate banking committee. Last month three Democratic senators proposed legislation that would bar bankers from serving on the Federal Reserve’s 12 regional banks. Dimon’s role at the New York Fed was a clear example of “the fox guarding the hen house”, said senator Bernie Sanders.

BG Group Plc (BRGYY: OTC Link) | 29 May 2012 – Definitive binding agreement signed for sale of Comgás stake

Category : Stocks

BG Group today announced it had signed a definitive binding agreement with Cosan S.A. Ind

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