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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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Chinese Censors Work to Quash Story on Vast Wealth of Prime Minister’s … – New York Times (blog)

Category : Stocks


New York Times (blog)
Chinese Censors Work to Quash Story on Vast Wealth of Prime Minister's
New York Times (blog)
HONG KONG — Two attorneys in Beijing have released a statement challenging a story in The New York Times that documents some $2.7 billion in assets held by relatives of Wen Jiabao, the Chinese prime minister. Carried on the front page of Sunday's
Wen Jiabao's family deny 'hidden riches' reportThe Guardian
Lawyers for China premier's family deny “hidden riches” claimReuters
Wen Jiabao's Family Linked to Billions in Assets, NYT ReportsBloomberg
Financial Times

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China condemns NY Times Wen Jiabao wealth story ‘smear’ – BBC News

Category : Stocks


BBC News
China condemns NY Times Wen Jiabao wealth story 'smear'
BBC News
China has condemned as a “smear” a New York Times report saying Premier Wen Jiabao's relatives have accumulated billions of dollars. The article said Mr Wen's family members “have controlled assets worth at least $2.7bn (£1.7bn)”. A Foreign Ministry
Wen Jiabao's Family Linked to Billions in Assets, NYT ReportsBloomberg
Billions in Hidden Riches for Family of Chinese LeaderNew York Times
The Great Internet Firewall of ChinaBusinessweek
Washington Post

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WEF: Wen Jiabao to address summit

Category : Business, World News

China’s Premier, Wen Jiabao, will address more than two thousand delegates at the World Economic Forum in Tianjin later on Tuesday.

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China’s growth ‘under pressure’

Category : Business, World News

China’s Premier Wen Jiabao warns that the country’s economy is under pressure and that it is facing problems that may last for some time.

Link: China’s growth ‘under pressure’

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In Burger King Deal, Ackman Gnaws on Old Bone

Category : Business

NEW YORK (TheStreet) — Justice Holdings, an investment vehicle backed by William Ackman’s hedge fund Pershing Square Capital Management, opted to use its funds for a 29% cash stake in Burger King.

The deal involving the third-largest burger chain grabbed headlines because it will prompt an initial public offering of Burger King shares on the New York Stock Exchange, coming full circle from the formerly public company’s $4 billion leveraged buyout by 3G Capital in 2010.

But Burger King isn’t the only one up to its old tricks. Pershing Square’s stake in Justice Holdings represented a rare buyout investment push, but the fund’s minority investment in Burger King also signals that you can’t teach an old dog new tricks when it comes to identifying value investments.

Ackman’s appetite hasn’t changed with Burger King deal.

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Click to research the Leisure industry.

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Stocks Stumble on Housing Data, China Worries

Category : Business, Stocks

NEW YORK (TheStreet) — U.S. stocks were planted in negative territory Tuesday following mixed housing data and signs of a cooling Chinese economy.

The Dow Jones Industrial Average was falling 66.7 points, or 0.5%, at 13,172. The S&P 500 was down 6.8 points, or 0.5%, at 1403, with energy, consumer cyclical stocks, basic materials and transportation leading the losses. Auto makers were declining after China began hiking gasoline prices Tuesday. The Nasdaq was behind by 19.4 points, or 0.6%, at 3059.

U.S. stocks posted gains Monday following a lukewarm housing report and Apple’s announcement of how it would deploy its massive cash pile.

Click to view a price quote on ^DJI.

Originally posted here: Stocks Stumble on Housing Data, China Worries

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Remarks from China Premier Wen take a weight off the country’s banks, as he promises Beijing will step in should local governments struggle with debt repayment. Wen also says asset sales – roads, railways, ports – are an option to help pay down debt….

Category : Stocks

Remarks from China Premier Wen take a weight off the country’s banks, as he promises Beijing will step in should local governments struggle with debt repayment. Wen also says asset sales – roads, railways, ports – are an option to help pay down debt. (also) 1 comment!

Continued here: Remarks from China Premier Wen take a weight off the country’s banks, as he promises Beijing will step in should local governments struggle with debt repayment. Wen also says asset sales – roads, railways, ports – are an option to help pay down debt….

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China premier calls for political reforms

Category : World News

Wen Jiabao warns of risk of ‘Cultural Revolution’-style chaos, as parliament passes reforms on criminal detentions.

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China’s Wen says ‘reforms urgent’

Category : Business, World News

Premier Wen Jiabao says China must press on with reforms, speaking after the last parliament session before a leadership change.

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Chinese PM sets path for slower growth

Category : World News

Wen Jiabao targets 7.5 per cent growth, backed by greater social spending and measures to boost domestic consumption.

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