Mixed City reaction as UK economy emerges from recession
The UK economy has finally emerged out of its longest recession since the Second World War.
News
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KPMG: Aggressive revenue approach to non-dom tax returns could cause UK exodus
Tax specialist KPMG has warned if the Revenue adopts an unduly aggressive or suspicious approach to tax returns due from non-doms at the end of this month it could cause many to leave the UK
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Investment managers launch Galileo Cap Management
Investment managers Anders Jacobsen and Paul Thompson have launched global boutique investment management and advisory firm, Galileo Capital Management
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China’s GDP grows by 8.7% in 2009
China’s economy expanded 8.7% during 2009, exceeding the 8% full-year growth target set by its government
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Warning for expat homeowners in northern Cyprus after UK court ruling
The UK Court of Appeal has upheld a decision forcing a British couple to hand over their northern Cyprus home to its former owner who fled during the Turkish invasion of 1974
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Natwest IPB launches stepped deposit account
Natwest International Personal Banking has launched its fourth three-year fixed rate stepped deposit account
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CI banker calls for Jersey and Guernsey to work together
A prominent Channel Island bank executive has called on Guernsey and Jersey to work more closely together, citing the “increasingly competitive global arena for financial services”.
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The true cost of currency
Rachael Griffi highlights the importance of currency risk for people moving abroad
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Double digit growth predicted for Middle East insurance market
Nexus, the Dubai-based IFA firm, believes the market for insurance products in the Middle East is set for double digit growth in 2010 on the back of the uncertainty created by the financial crisis
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Dubai FSA grant GMG licence
Swiss-based family office GMG, part of G2 Group, has been granted a licence by the Dubai Financial Services Authority to operate an authorised firm from the Dubai International Financial Centre (DIFC)
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Standard Life fined £2.45m by FSA
Standard Life has been fined £2.45m by the FSA for ‘serious systems and controls failures’ in relation to its Pension Sterling Fund, and says the fine signals its intention to crack down on regulatory
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Pru launches five OBSR-risk-rated fund-of-funds to give IFAs free expertise
Prudential on Friday is launching a range of five actively-managed, risk-rated multi-asset fund-of-funds.