“Commercial Awareness Is Global.”
By Ainsley Brown on
29th April 2009 By Charles Wanguhu Corruption only offers two instances for regulators to step in: at the looting stage where the individuals may seek bribes, dispose of public resources or subvert funds. In an ideal world they are then charged and any monies returned. The second stage is at the laundering stage, where the monies are placed into the… Continue reading "Corruption and Banking"
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By: Ainsley Brown Switzerland´s second largest bank, Credit Suisse, in a sign of generosity – oh sorry, let me re-phrase that – in a sign of commercial awareness and good customer relations, has decided to compensate clients who suffered losses as a result of the collapse of Lehman Brothers. It is the first investment bank to put forward such a… Continue reading "Credit Suisse To Compensate Clients Over Lehman Losses"
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By: Ainsley Brown Linklaters can now breath a huge sigh of relief has it got only what can be only called a light tap on the wrist – to say a slap would be too harsh- by being order to pay £5. That was not a type o, there are no zeros behind that 5. A former client of the firm,… Continue reading "World’s Second Largest law Firm, Linklaters, Sees Off €50 Million Negligence Claim."
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By: Ainsley Brown General Motors (GM) this week in another move in its restructuring plan has taken further steps to divest itself of its European operations. First it was Swedish Saab now it’s the UK’s Vauxhall. According to the report in the Times GM is prepared to sell Vauxhall at a discount price – you could even say at a… Continue reading "GM Continues Its Restructuring Long March With Plans To Sell Vauxhall."
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By: Ainsley Brown In court papers presented to creditors in early April, the Swedish car maker, Saab explained that it has had extensive contacts with about 20 potential buyers. Saab, which is being cut lose by General Motors (GM) as part of its own restructuring efforts, filed for bankruptcy in February. In filing for bankruptcy Saab is hoping to buy… Continue reading "Swedish Carmaker Saab Being Eyed By Several Potential Buyers"
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The Summit of the Americas will begain today. The meeting, being held in Trinidad and Tobago, is being held under the theme of: Securing Our Citizens’ Future by Promoting Human Prosperity. Energy Security and Environmental Sustainability. On a side note: Canadian PM Harper plans to immediately after the summit will be in Jamaica for a 2 day visit from April… Continue reading "Summit Of The Americas Kicks Off Today"
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By: Ainsley Brown Tate & Lyle, the makers of Splenda, lost its appeal last week in the US International Trade Commission (ITC) in its bid to keep out an imported Chinese substitute to Splenda. The company initiated legal action in April of 2007 against a group of Chinese companies and six importers, after non-Splenda sucralose began appearing in the US… Continue reading "Not So Splendid For The Maker Of Splenda: Tate & Lyle Loses Trade Commission Case."
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By: Ainsley Brown The online casino operator famous for its online poker – PartyPoker – ended its protracted battle with US authorities and agreed to pay a $105 million fine. In 2006 US law makers made internet gambling illegal – something about crossing state lines and international boundaries – cutting deep into the earnings of PartyGaming and other online gambling… Continue reading "PartyGaming Betting on a Return To The Lucrative US Market"
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By: Ainsley Brown Happy Easter everyone. Since it’s the Easter season I thought I ought to get into the sprite of things – well the secular aspects to the season anyway – and do an Easter story. So here is a little story about Cadbury, yes Cadbury the chocolate maker. The UK confectionary – the maker of the Creme Egg… Continue reading "Cadbury Mills Over European Expansion"
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By: Ainsley Brown The US securities regulator, the Securities and Exchange Commission (SEC), has extended its long arm yet again. This time it was as a part of an operation to locate and then freeze the personal and company assets of Sir Allen Stanford and his Stanford International Bank (SIB). Mr. Stanford – oh sorry I should say Sir Allen… Continue reading "Long Arm Of US Law Reaches Across The Pond To Freeze Stanford Assets"