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The Latest Breaking News on Financial Services

Father-of-three held in Iraqi jail over Qatar bank ‘debt’ to return to Scotland

Brian Glendinning, 43, will arrive in Edinburgh on Friday afternoon after a two-month ordeal in an Iraqi prison over an alleged debt.

The Independent UK

Citic to Become Biggest Huarong Shareholder

State-owned investment company to get 3% from Finance Ministry, pushing its Huarong stake to 24.46% after leading $6.6 billion bailout of the bad-debt manager

Caixin Global

3 Consumer Stocks to Buy and Hold for Years

Although inflation has shown some signs of cooling, rate hikes are expected to continue. The consecutive rate hikes could tip the U.S. economy into a recession. As consumer staples face a stable demand, Coca-Cola (KO), Constellation Brands (STZ), and Lifeway Foods (LWAY) could be solid buys for the long run…

StockNews.com

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Dad jailed in Iraq over 'Qatar Bank debt' to arrive back home in Scotland on Friday

Brian Glendinning, from Fife, will finally arrive back home after a gruelling two months in an Iraqi prison, where his lawyers claim he was wrongly detained.

Daily Record

2 Stocks You Could Keep in Your Portfolio Forever

Despite signs of inflation cooling in the United States, the IMF is not expecting the global economic picture to improve anytime soon. However, the cooling inflation might induce the Fed to ease the pace of rate hikes. As economic uncertainties remain, we think fundamentally solid stocks McDonald’s (MCD) and Biogen…

StockNews.com

Haryana: Man steals parcel worth Rs 96 lakh from DTDC warehouse in Gurugram

GURUGRAM: A man who worked as a driver for a transport agency has allegedly stolen a parcel worth Rs 96 lakh from the warehouse of the DTDC courier company in Jhund Sarai village in Haryana's Gurugram, police said on Thursday.

The Times of India

Father held in Iraqi jail over ‘debt’ to arrive back in Scotland on Friday

Brian Glendinning, 43, was arrested in Iraq in September over an alleged debt he owed to the Qatar National Bank.

The Independent UK

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Sam Bankman-Fried's farcical fundraising effort

The former FTX CEO has lost the plot.

Axios

Fury at £18 billion Tory 'giveaway' as taxes slashed for big banks on day of misery

Jeremy Hunt faces calls to reverse his decision - buried in the small print of his Autumn Statement - to cut the Bank Surcharge from 8% to 3% following calls from the banking sector

Daily Mirror

Bank surcharge slashed but ‘so-called cut’ means 1% tax rise for sector

Lloyds Banking Group and NatWest saw shares rise by about 1.5% after the Treasury confirmed that the tax on banks’ profits would be cut from April.

The Independent UK

Fintech start-up Agam relocating to Wales following latest investment round

Investors in the round include the Development Bank of Wales

Birmingham Post

Nationwide, HSBC and First Direct bank account holders can get over £175 for free

Several providers have cash offers in place

Liverpool Echo

How do interest rates affect inflation? - OLD

Borrowing costs at their highest level in 14 years

The Independent UK

COP27: Multi-lateral lenders have failed poorest over climate - Commonwealth head

The world's multi-lateral banks have "demonstrably failed" low and middle income countries when climate disasters hit and need to better assess their vulnerability and resilience when offering support, the head of the Commonwealth told Reuters.

Reuters

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ABC News

Heritage Bank and People's Choice merge, plans to keep head office in regional Queensland

After the official merger on March 21, 2023, the new entity will have 720,000 members, 1,900 employees, and more than $23 billion in assets.

Birmingham Post

'Jeremy Hunt's Autumn Statement must recognise South West as UK's green powerhouse - and not decimate spending'

The British Chamber of Commerce South West has issued a warning to the chancellor ahead of his statement on Thursday

The Guardian - AU

Australia’s unemployment rate falls to 3.4% as ‘very tight’ labour market puts pressure on RBA

Economy adds 32,000 jobs in October despite record series of interest rate rises

AAP

Jobs lure workers from cities to regions

Demand for workers is attracting people from Australia's cities to its regions, but housing shortages threaten to stifle the country's growth potential.

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news in one place.

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ABC News

Which banks have passed on the November RBA rate rise to mortgage borrowers? What's in it for savers?

The big four banks have all passed on the Reserve Bank's interest rate rise in full to mortgage customers, but it's a different story for those with savings accounts.

The Independent UK

Key Fed official says he's open to slowing hikes in December

Christopher Waller, a key Federal Reserve official, added his voice to a rising number of Fed officials who have suggested that the central bank will likely slow the pace of its interest rate hikes beginning in December

Reuters

Austrian banker fights extradition to U.S. on money laundering charges

The former chief executive of an Austrian bank who faces charges in the United States in relation to a bribery and money laundering conspiracy involving Brazilian construction company Odebrecht asked a London court on Wednesday to refuse to extradite him.

Bangkok Post

Asean moves into the spotlight

In a global economy facing a protracted period of weak growth and high inflation, Southeast Asia offers a rare speck of optimism, with strong fundamentals, accelerating growth and a bright future.

Manchester Evening News

Fresh plans revealed for huge new 'fully-sustainable eco tower' near Piccadilly station

A new planning application is expected to be lodged in the coming months

The Guardian - UK

Brexit and drop in workforce harming economic recovery, says Bank governor

Andrew Bailey also said disastrous mini-budget had damaged Britain’s international reputation

Daily Mirror

Bank of England Governor on £575,000 says he'll 'politely decline' a pay rise

Andrew Bailey also told MPs on the Treasury Select Committee that former Prime Minister Liz Truss's disastrous mini-Budget 'damaged' Britain's reputation abroad

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