BRITAIN: It begins as GREED as Standard Life’s Property Fund prevents people withdrawing their money after hundreds of people have applied for their money back and company does not want to pay – @AceFinanceNews

#AceFinanceNews – July.04: Standard Life Suspends $3.9 Billion Property Fund

Standard Life Investments suspended trading in its 2.9 billion-pound ($3.9 billion) U.K. Real Estate fund on Monday after Britains vote to leave the European Union triggered a surge in redemptions….

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BRITAIN: LSE shareholders approve Deutsche Boerse merger even after AFP report that leaving Europe would put merger at risk you cannot believe anything the Tories say – @AceFinanceNews

#AceFinanceNews – July.04: London Stock Exchange shareholders approve Deutsche Boerse merger – DPA

In February this Report: UK leaving European Union would put London Stock Exchange’s possible merger with Germany’s Deutsche Boerse at risk – AFP – http://bit.ly/1oE835

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BRAZIL: #RIO2016 Head of licensing and retail sales, Sylmara Multini, says organizers hope to sell merchandise worth about 1 billion Brazilian reals ($310 million) as the first MEGA store opens on Friday – @AceFinanceNews

#AceFinanceNews – July.04: Rio Olympics becoming reality; bring cash for souvenirs

RIO DE JANEIRO — The Olympics will become a tangible reality on Friday, when one of its so-called “Mega” souvenir shops opens on Copacabana Beach.

Bring plenty of cash, at least for anything more than a keychain that sells for 25 Brazilian reals ($8). A commemorative gold medal will sell for around $2,000.

Olympic merchandising is big business.

Rio’s head of licensing and retail sales, Sylmara Multini, says organizers hope to sell merchandise worth about 1 billion Brazilian reals ($310 million).

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FLORIDA: Homes were once owned by families and now they are owned by billion-dollar real estate companies who picked them up cheap after the created 2008 financial crash – @AceFinanceNews

#AceFinanceNews – July.04: When the neighborhood is owned by billion-dollar companies

APOPKA, Florida (AP) — Many of the single-family homes in the Piedmont Park neighborhood of Apopka, Florida, used to be owned by families – the Vargases and the Townes, the Pierces and the Riddles.

Now, they are owned by Blackstone, American Homes 4 Rent and Colony Starwood Homes, companies associated with big real estate investment firms….

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MARKETS: SOUTH KOREA: Shares open slightly higher as investors took wait-and-see approach following rebound from sharp plunge sparked by Britain’s vote to leave EU – Yonhap – @AceFinanceNews

#AceFinanceNews – July.04: South Korean shares open slightly higher as investors took wait-and-see approach following rebound from sharp plunge sparked by Britain’s vote to leave European Union – Yonhap

http://bit.ly/29fKAn6

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Poland: Overhauling its ‘ Private Pension Fund Industry – to prop up its economy – @AceFinanceNews

#AceFinanceNews – July.04: Poland to Overhaul Its $35 Billion Private Pension Fund Industry

Polands government plans to dismantle the nations privately owned pension fund industry, calling it ineffective and saying a revamp will boost household savings and prop up the economy.

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BRITAIN: Royal Bank of Scotland CEO says he welcomes Osborn’s pledge to cut corporation tax to assist EU businesses to invest in UK after recent #Brexit @AceFinanceNews

#AceNewsReport – July.04: George Osborne pledges to cut corporation tax – BBC _90277984_oi8qus91.jpgChancellor George Osborne plans to cut corporation tax to less than 15% to encourage businesses to still invest in the UK following the referendum vote.

Royal Bank of Scotland CEO Ross McEwan says he welcomes UK considering a cut to corporation tax – LBC

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