Economic and Financial Crises

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Lack of M&A business cuts revenue at Linklaters

Revenues at Linklaters, Britain’s second-biggest law firm, fell by nearly 10 per cent to £591 million in the six months to October 31, from £653 million in the same period last year. This is despite Linklaters winning big legal...

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Ashton to be tested by Ukraine row

Europe and Russia are embroiled in an escalating contest over Ukraine ‑ its direction, its stability, and its alliances. Diplomats, analysts, and EU officials are warning that the situation could worsen sharply within weeks, in...

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Lehman Brothers demands young bankers repay £30000 bonuses paid before collapse

Lehman Brothers, the collapsed investment bank, is demanding a group of young would-be bankers repay £30,000 bonuses handed to them when they joined the bank in the summer of 2008. By James Quinn and Helia Ebrahimi Lehman...

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Cash-crisis university criticised

There have been a series of protests outside the university A financial mismanagement report on a London university has found board members were aware unfair funding claims were made for the institution. London Metropolitan...

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High life, low price

Yuzawa, Japan, one hour and 20 minutes from Tokyo by bullet train Yuzawa is renowned in Japan as the place where more snow falls than anywhere else on earth and as the setting for Snow Country, the appropriately named first...

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The Mongolia Coal Mining Boom

When I was a young high school punk, I had the good fortune of attending Jim Peckham's wrestling camp. Coach Peckham was the 1976 USA Olympic wrestling coach. He had cauliflower ears and a face that looked like he chased parked...

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Not all asset bubbles can be prevented - Bank

By Christina Fincher LONDON (Reuters) - Regulators need more tools to prevent the build-up of risks in the financial system but it would be unrealistic to think all asset bubbles can be prevented, according to a Bank of England...

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Bernanke confirmation hearing to be Dec. 3

WASHINGTON, Nov. 20 (UPI) -- The U.S. Senate Banking Committee said Friday Federal Reserve Chairman Ben Bernanke will appear before it Dec. 3 for a confirmation hearing. The New York Times reported Bernanke is not expected to...

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Congress Wants Tighter Oversight of Fed

By SUDEEP REDDY WASHINGTON -- The Federal Reserve's strategy to fend off a barrage of attacks from Congress, largely centered on low-key diplomacy by Chairman Ben Bernanke, isn't succeeding. But some say the financial crisis --...

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US foot-dragging dims hopes for world trade deal

Prospects for reaching a deal in the eight-year old Doha Round of global trade negotiations were remote; now, they’re truly distant. On Nov. 30, trade ministers of the 153-nation World Trade Organization (WTO) hold their...

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