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The Latest Breaking News on Financial Services

Former Head of China Development Bank Branch Kicked Out of Communist Party

Fu Xiaodong, who was president of CDB’s Henan unit, accused of accepting bribes and turned over to prosecutors, graft busters say

Caixin Global

Scammer spared prison after he conned elderly couple out of £36k

The 28-year-old fell into debt after losing his job during lockdown and becoming addicted to cocaine

Liverpool Echo

Michael Pascoe: The Pope’s a Catholic and forecasting is a mug’s game

The RBA had done all that could be done with monetary policy to fight the possibility of recession/depression from a global pandemic

The New Daily

From analysis to the latest developments in health,
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4 Large-Cap Stocks to Buy Before November Ends

Although hopes of a Fed pivot have boosted investor sentiment, a global recession could hit next year. Against this backdrop, we think fundamentally strong large-cap stocks Synopsys (SNPS), The Hershey Company (HSY), Cintas Corporation (CTAS), and Fortinet (FTNT) are good investments for stable returns. Read on….

StockNews.com

Octopus takeover of Bulb faces delay after rivals seek judicial review

Three companies complain over lack of transparency around deal which could be biggest government bailout since RBS and Lloyds

The Guardian - UK

Former Cook County Land Bank Authority worker charged with property scam

The charges come more than a year after a federal grand jury subpoenaed the agency in May 2021 seeking records on Mustafaa Saleh and two dozen properties the land bank obtained and sold.

Chicago Sun-Times

'Zombie' wage deals have hurt Australians for years. Here's how new industrial relations law could finally end your wage pain

If you wanted to hold back Australian wages you would design a system pretty much like the one we have today. But how did that come about and can new IR laws make a difference? Peter Martin explains.

ABC News

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Post-Covid inflation adds a new twist to the famous Phillips Curve

A 'wet weekend's work' by NZ's most brilliant economist is being embraced by the world's central banks to help chart a course out of pandemic.

Newsroom.co.nz

Tempers flare in Dail as Government relaxes rules around bankers’ pay and bonuses

Two of the more controversial recommendations of the review included permitting bonuses of up to €20,000 per year for employees in AIB Bank of Ireland and Permanent TSB (PTSB)

Irish Mirror

The Leader podcast: Mini-Budget ‘moneybomb’ fallout revealed

Bank of England mortgage debt data reveals impact of Truss premiership

Evening Standard

First Direct is launching a 7% rate on a savings account from Thursday

The bank is doubling the interest rate on its Regular Saver Account from 3.5% to 7%.

The Independent UK

Mastercard loses UK appeal to exclude three million dead claimants from lawsuit

Suit claims Mastercard fees levied between 1992 and 2008 were unfairly passed onto consumers

Evening Standard

Inflation down but consumer pain lingers

Cost of living pressures eased slightly last month, although it's still too early to call the turning point for inflation.

AAP

The 3 Best Value Stocks to Buy Right Now

With inflation slightly cooling off last month and the Fed expected to slow the pace of interest rate hikes, this could be an excellent time to buy value stocks. Investors could look to buy fundamentally strong stocks, Albertsons Companies (ACI), Berry Corporation (BRY), and Good Times Restaurants (GTIM), which are…

StockNews.com

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Newsroom.co.nz

Climate transition needs banks – and their capital

Banks have a key role on the journey to net carbon zero. But that doesn’t mean they have an easy job | Content Partnership

The Guardian - UK

HSBC quits Canada, selling its business to RBC for £8.4bn

London-headquartered bank has been struggling to navigate political pressure from both Beijing and the west

The Independent UK

Irish government relaxes rules around bankers’ pay and bonuses

Salary pay caps of 500,000 euro at Bank of Ireland are to be relaxed based on concerns about retaining staff.

Tribune News Service

As FTX burned, lawmakers said to be dithering over regulator

WASHINGTON — Congress opted to tread water on legislation that would clarify the agency in charge of the cryptocurrency industry, leaving lawmakers now without a regulator to blame for missing the signs of the FTX collapse this month and facing deep skepticism about some proposals.

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news in one place.

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Nottingham Post

Nottinghamshire bus driver stole more than £72k from employer and colleagues

Andrew Berry has been handed a suspended prison sentence

Liverpool Echo

UK bank says it will give people £175 cash for free

Several savings and current account providers have improved their perks

The Guardian - UK

UK mortgage approvals for October fall 10% after mini-budget

Homebuyers face higher interest costs, as lending figures slump to lowest monthly total since June 2020

The Times of India

States borrowing cost falls 7 bps to 7.61% as bond supplies dry up on central payouts

MUMBAI: The weighted average yield on states' market borrowings declined by 7 basis points to 7.61 per cent at Tuesday's auction on lower issuance as a number of states stayed away from the market.

StockNews.com

3 Stocks to Buy Now That Could Make You Filthy Rich in 2023

With inflation starting to ease, the Fed is expected to slow down the rate hikes. However, many analysts still believe the economy will face a mild recession next year. Thus, investors looking for steady returns could buy fundamentally strong stocks such as Ambev S.A.(ABEV), Cardinal Health (CAH), and Universal Logistics…

Daily Record

HSBC set to introduce huge rate increase for people with a savings account this week

The bank is introducing some impressive changes from December 1.

The Times of India

RBI to launch first pilot for retail digital rupee on December 1

NEW DELHI: The Reserve Bank of India (RBI) is all set to launch it first pilot for retail digital rupee (e₹-R) on December 1.

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