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LONDON, May 20 (Reuters) - When Hong Kong businessman Mr. He
paid a 35,000 pound ($56,000) deposit on a four-bedroom
apartment in Britain, he believed it was a 40-minute walk from
central London, his...
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* Fiscal consolidation essential to rein in budget deficit
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* Castle, churches, other cultural sites damaged
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MIAMI, May 19 (Reuters) - Tropical Storm Alberto formed off
the South Carolina coast on Saturday, bringing an early start to
the Atlantic hurricane season, forecasters at the U.S. National
Hurricane...
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BOLOGNA, Italy, May 20 (Reuters) - A 5.9-magnitude
earthquake struck near Bologna, Italy, on Sunday, according to
the U.S. Geological Survey, and initial reports indicated some
damage.
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MIAMI, May 19 (Reuters) - Tropical Storm Alberto formed off
the South Carolina coast on Saturday, bringing an early start to
the Atlantic hurricane season, forecasters at the U.S. National
Hurricane...
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CAMP DAVID, Md., May 19 (Reuters) - President Barack Obama,
wrapping up the G8 summit he hosted at Camp David, welcomed
Europe's focus on rekindling growth and warned the crisis in the
euro zone was...
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CAMP DAVID, Md., May 19 (Reuters) - U.S. President Barack
Obama, wrapping up the G8 summit he hosted at Camp David, said
on Saturday that the euro zone crisis was threatening the world
economy but...
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* Suspects' attorney says police entrapped them
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 In a note published yesterday, Goldman Sachs strategists Dirk Schumacher and Lasse Nielsen Holboell addressed some key questions about the ESFS changed in a question and answer format.
The Fund was established in May 2010 to provide temporary assistance to countries in difficulty for the financing of the euro debt market, the European Central Bank, alleviating the burden of public debt to purchase the program through the Securities Market Act. The current plans, it is replaced by the European Stability Mechanism in July 2013.
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XRX |
10.72 |
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United Business Solutions, an independent distributor of copiers, printers and multifunction devices, document management and provides software solutions for thousands of companies in the Chicago area.Promote the acquisition of Global Imaging strategy to create a national network of locally based service providers focused on improving the workflow of documents and office efficiency for small and medium-sized enterprises.
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 House Budget Committee Chairman Paul Ryan (R-WI) unveils the House Republican budget blueprint in the Capitol in Washington April 5, 2011.
Credit: Reuters/Kevin Lamarque
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Ken Sweet, promote writerApril 8, 2011, 1:49 ET
NEW YORK (CNNMoney) - U.S. stocks were slightly lower Friday as oil prices and gold spiked and investors await news of the discontinuation of government in waiting.
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A look at economic developments around the globe
The Associated Press, On Friday April 8, 2011, 1:33 pm
A look at economic developments and activity in major stock markets around the world Friday:
GODOLLO, Hungary -- Europe's top financial officials said that debt-ridden Portugal will need around $114 billion in rescue loans and negotiations over a full, multiyear bailout program will begin immediately.
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The price of a shutdown
 During the 1995 shutdown, the National Gallery of Art in Washington lost gift shop revenue when visitors were turned away. By Charles Riley, staff reporterApril 7, 2011: 4:03 PM ET
NEW YORK (CNNMoney) -- So if the federal government shuts down, taxpayers would save a lot of money, right?
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Published: Monday, 18 Apr 2011 | 2:01 PM ET
By: Jeff Cox
CNBC.com Staff Writer
Investor reaction to the Standard & Poor's warning about burgeoning US fiscal problems was swift if unpredictable: Bonds and currencies, which otherwise might have fallen, gained, while stocks, which could have benefited, lost.
US outlook, after all, should have reflected itself in the nation's credit quality.
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Financial Regulatory Forum
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"It's exactly the kind of bet that is very difficult for board directors to understand."
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The compliance inspections office has moved from a confederation of 12 autonomous regional programs to building a national exam program.
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The Shah battle raised the burdensome scenario of banks having to justify every suspicious activity report (SAR) filed.
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The compliance position has grown to become more of a top-level role resulting in more opportunity for continued education and growth. The National Regulatory Services (NRS), Society of Corporate...
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The ability of JPMorgan’s “hedge” to generate such large levels of loss supposedly not offset by some equivalent exposure has raised the question of whether such a position would have been permitted...
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There is no excuse, especially for the big firms, to have understaffed and under-funded compliance and risk management departments.
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Risks posed by multiple centers of trading within big banks came to the spotlight last week.
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Risky and complex positions such as the ones alleged to have been taken by the CIO are notoriously difficult to risk manage, due to a lack of data and because they do not fit neatly into firms' risk...
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The Volcker Rule, part of the Dodd-Frank U.S. financial regulatory overhaul, is meant to prevent risky trading by big banks, which have resisted the measure.
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There is an ever-increasing concern that while loan volume has gone up, underwriting practices have deteriorated to unacceptable standards.
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