Latest Breaking Business News
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Parliamentary commission on banking standards reaction in full
major report from the parliamentary commission on banking standards calling for a new law to jail bankers for reckless misconduct, the deferral of bonuses and more measures to foster ...
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G-8 leaders agree proposals on tax avoidance and evasion
The G-8 (Group of Eight - - 7 leading industrialised nations; US, Japan, Germany, UK, France Canada, Italy plus Russia) have agreed on proposals to tackle tax avoidance and evasion that call for new laws to stop businesses from shifting profits across borders, urge greater transparency about company ownership and sharing of ...
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Japanese exports value jumps in May Trade deficit remains in red
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
More Breaking Business News
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HM Earnings Drop More Than Expected
H&M , the world's second-largest fashion retailer, posted a bigger than expected drop in second-quarter earnings, hit by still sluggish consumer morale and bad weather in its main European market. The Swedish company said it was entering the third quarter with higher inventories than planned and the situation remained challenging in many of its major markets, but sales had got off to a ...
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UK Auditor Agrees Fine And Ban In New York
A division of one of the UK's biggest auditors, Deloitte, has been fined $10m (6.4m) by New York state for its actions in advising Standard Chartered Bank over money laundering. In addition to the fine, Deloitte's Financial Advisory Services arm was also banned for one year from taking new work in the state after officials ruled it did not carry out its duties independently. The ...
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European stocks climb before Fed decision
EUROPE'S main stock markets rose at the start of trading on Wednesday, ahead of the outcome of the US Federal Reserve's latest monetary policy gathering. London's benchmark FTSE 100 index gained 0.12 per cent to 6,381.94 points, Frankfurt's DAX 30 added 0.30 per cent to 8,254.57 points and in Paris the CAC 40 advanced 0.12 per cent to 3,865.13 compared with Tuesday's closing ...
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HM sales earnings slump
(20 mins ago) Swedish fashion retailer Hennes & Mauritz, which has stores in Hong Kong, says profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns of its products. The company said net profit for the March-May period dropped to 4.66 billion kronor (US$720 million) from 5.22 billion a year earlier. Sales for the quarter slipped marginally ...
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Leasing firm CIT orders 30 Boeing 737 MAX planes
Visitors chat in front of models of the 777-300ER (L) and 737-8 MAX passenger planes, with a scale of 1:40, at the Boeing booth on the first day of the China International Aviation & Aerospace Exhibition in the southern Chinese city of Zhuhai November 13, ...
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EADS sticks to defense business mulls options CEO
EAD.PA ) has no plans to give up its defense business but is open to seeking alternatives for parts of it, Chief Executive Tom Enders told a German ...
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Revision of Cypriot bailout terms not likely euro zone officials
BRUSSELS (Reuters) - The euro zone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter sent to euro zone leaders and its lenders, three senior euro zone officials said on ...
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George Osborne to outline plan for RBS Lloyds
The fate of Britain's two state-controlled banks will become clearer today, with the country’s finance minister George Osborne likely to start the clock ticking for the sale of the government's stakes. Britain's previous government pumped £66bn of public money into Royal Bank of Scotland and Lloyds Banking Group in 2008 to save them from collapse at the height of the ...
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Metals Stocks Gold extends losses as Bernanke update nears
LOS ANGELES (MarketWatch) -- Gold futures fell Wednesday, remaining near one-month lows as the market braced for possible indication by the U.S. Federal Reserve that it will pull back the pace of monetary ...
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Federal Reserve meeting dominates the markets - eurozone crisis live
After weeks of anticipation, Federal Reserve chairman Ben Bernanke will speak about the US stimulus package tonight. Photograph: Manuel Balce ...
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First-rate customer care is key to making your business a success
Customers are the most important asset to your business and looking after them is essential to your success. All businesses, whatever their size, should have a carefully considered customer care plan and treat it as a core value. This means bearing your customers or clients in mind when making decisions and ensuring that they have positive experiences when dealing with your company.Offering ...
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Would the threat of jail be enough to end bankers reckless behaviour
Jail threat for reckless bankers to help clean up system Commission led by Andrew Tyrie recommends jailing bankers for 'reckless misconduct' and enforcing a wait for ...
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Deloitte banned from Wall Street consultancy work
The state of New York announced on Tuesday, that Deloitte, a Big 4 accounting firm, has been banned for a year from accepting Wall Street consultancy work - - in effect from hundreds of financial institutions in New York City and fined $10m for "misconduct, violations of law, and lack of autonomy during its consulting work at Standard Chartered on anti-money laundering ...
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Smithfield CEO could make about $46.6 million from Shuanghui deal
SFD.N ) Chief Executive Larry Pope could receive nearly $46.6 million in merger-related payments as part of a planned takeover by China's Shuanghui International, a securities filing ...
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Asian markets tense before Fed Nikkei outperforms
"It's merely a technical rebound," said Mitsushige Akino, chief fund manager at Ichiyoshi Asset Management. He said that with the market still vulnerable to selling, "most investors want to see the outcome before they take long ...
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Obama to call for U.S.-Russia nuclear arms cuts
Barack Obama 's foreign-policy speech in Berlin Wednesday will call for additional U.S.-Russia nuclear-arms cuts, administration officials said. He is expected to say Washington and Moscow can shrink their nuclear arsenals by up to one-third beyond cuts mandated under the 2010 New Start, or Strategic Arms Reduction Treaty, without hurting deterrence or capabilities, the officials told The ...
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UPDATE 1-Aegon cuts average earnings growth target for 2010-2015
Wed Jun 19, 2013 2:54am EDT (Releads with lower average growth target) AMSTERDAM, June 19 (Reuters) - Dutch life insurer Aegon on Wednesday lowered its average growth target for underlying earnings before tax, blaming the low interest rate environment. As recently as June 5, Aegon had stuck to its ambition of increasing underlying earnings before tax by between 7 and 10 percent on average over ...
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UPDATE 1-HM earnings down more than expected in second quarter
Wed Jun 19, 2013 2:47am EDT * March-May pretax 6.1 bln SEK vs consensus 6.3 bln * Gross margin 61.1 pct, matching consensus * Says June 1-17 local-currency sales +17 pct * Inventories higher than planned end-Q2 * Says situation challenging in many big markets (Adds detail, background) STOCKHOLM, June 19 (Reuters) - H&M, the world's second-largest fashion retailer, posted a bigger than ...
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Bankroller to roll film
Legendary Entertainment, the company that financed "Man of Steel" and the "Dark Knight" movies, is talking to "everybody" in Hollywood about a new production alliance, including incumbent Warner Bros. The company, led by founder and Chief Executive Officer Thomas Tull, expects to reach a decision in 60 days, the CEO said yesterday in a meeting with reporters. The ...
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Rupert Murdochs hived-off newspaper company makes ASX debut
News Corporation’s split into two companies resulted in a debut share price of $15 for its publishing division, which encompasses many of Australia’s newspapers, but it began falling almost immediately. The media corporation has divided into New News Corp (NNC) and 21st Century Fox, with the latter still trading as News Corporation (NWS). NNC was valued at $15.00 per share as it ...
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Bankers guilty of reckless misconduct should be jailed -- UK report
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
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US Treasury Secretary Upgrades Signature
US Treasury Secretary Jacob Lew has upgraded his famously squiggly signature. Mr Lew's new John Hancock - which will be stamped on all newly printed paper bills - was unveiled by the Treasury Department on Tuesday. It is a marked improvement from the loopy scribble made public a few months ago when he took the post in President Barack Obama's ...
Mexico Feature
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Mexico has more to it than drugs and immigration
As Mexico’s image suffers damage abroad due to increasing levels of violence related to the drug crack-down by government, it may be helpful for Mexicans to remember that there is more to their country than drugs and immigration problems with the US. Some facts may be surprising and even shocking, especially to foreigners.
Mexico has been in the news frequently of late as the government carries out a crack-down on drug cartels and organized crime, the country’s murder rate is up, journalists have been killed for investigative reporting on drug gangs and our image internationally has generally been diminished by the tunnel vision of international news providers. Read more
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