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New Delhi [India], Mar. 7 (ANI): The Supreme Court on Tuesday will hear the petition seeking a detailed court monitored investigation against the Indian offshore account holders and stock market regulators, whose names had been exposed in the Panama papers leak case. The petition was filed by Supreme Court advocate Manohar Lal Sharma, seeking an apex court-monitored probe into the matter. Many Indian industrialists and celebrities have […]

Tuesday 02:00 GMT Overview Markets were in wait-and-see mode in Asia trading with investors in Australia awaiting an interest rates decision from the country’s central bank. Hot topic Tokyo’s Topix index was flat, while the Nikkei 225 index was off 0.1 per cent. Nintendo was a bright spot with its shares climbing just over 2 per cent, on track for a third straight day of gains following […]

Monday 21:56 GMT Overview Global equities sold off on Monday, encouraging flows into sovereign debt, after Asian markets were rattled by North Korea firing missiles into the Sea of Japan and the Federal Reserve’s interest rate meeting drew nearer. US President Donald Trump’s latest spat with the country’s security services may also be damping the mood somewhat as markets continue to price in a rate rise by […]

The CEO of Assurant appeared on Bloomberg TV to explain why demand for his services is likely to increase: the chief executive of the mobile phone insurer said he expects a surge in demand as carriers charge customers more to replace their devices. “If you think back five years ago, you as a consumer didn’t know how much that phone cost, you thought it was free or […]

By Sophie Louet and Claude Canellas | PARIS/BORDEAUX PARIS/BORDEAUX Francois Fillon fought off a rebellion that had threatened to end his candidacy for the French presidency on Monday as party leaders swung behind the centre-right former prime minister despite allegations that he had misused public funds. Hours after party heavyweight Alain Juppe ruled out challenging Fillon, the conservative Republicans’ party leadership unanimously backed their beleaguered candidate, Senate […]

After losing her six-week-old son, a grieving mother from Utah decided to donate her breast milk to families who are in need. The toddler had been diagnosed with a rare immune disorder, called DiGeorge Syndrome. Nicura Thompson, who gave birth full-term Oct. 21, 2016, to her fourth child, had known since her fifth month of pregnancy that her child was suffering from seven different heart conditions. The child […]

It is a year and a half since the leak of the 11.5m documents related to international financial structures that came to be known as the “Panama Papers”. On 2 and 3 March a European Parliament committee of inquiry was in Luxembourg to check on the country’s response, as part of broader ongoing investigation. The leak of documents belonging to Panamanian law firm and corporate service provider […]

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JERUSALEM: Israel’s defense minister said Monday the US has notified Israel that imposing Israeli sovereignty over the West Bank would lead to an “immediate crisis” with the Trump administration.“We received a direct message — not an indirect message and not a hint — from the United States. Imposing Israeli sovereignty on Judea and Samaria would mean an immediate crisis with the new administration,” Defense Minister Avigdor Lieberman […]

Bloomberg is fighting to keep the bond house Pimco as a customer on its platform to buy and sell Treasuries, as the advance of automated trading reshapes the $14tn US government debt market. Pimco, one of the most influential debt investors with almost $1.5tn of assets under management, is working on a tie-up with rival trading venue Tradeweb, according to people with knowledge of the discussions, escalating […]

But worry spans left and right, even if they disagree on exactly how much to blame Mr. Trump, who is seen here as growing more confusing by the day. What to make of a president who, on the same day, denounced the anti-Semitic attacks but also suggested — in remarks widely covered here — that they might have been carried out by his own enemies? Continue reading […]

BANGKOK Thai veterinarians on Monday removed 915 coins from a 25-year-old sea turtle which had been swallowing items thrown into her pool for good luck, eventually limiting her ability to swim. The coins and other objects removed from the turtle named Omsin – piggy bank in Thai – weighed 5 kg (11 lb). The turtle itself weighed 59 kg (130 lb). The green sea turtle, living at […]

FRANKFURT Shares in Deutsche Bank (DBKGn.DE) fell almost 7 percent in early trading on Monday after the lender announced an 8 billion-euro ($8.48 billion) capital increase that Chief Executive John Cryan had previously declared a last resort. The capital hike is its fourth since 2010. Together with a partial listing of the asset-management unit and a sale of other assets, the move should take its core capital […]

Recruiters in the Bay Area and executives at rival companies say they have seen an uptick in job applications from Uber employees, as its workers lose faith in the company’s leadership and start to doubt the value of their stock options. Uber has gone from crisis to crisis over the past five weeks, prompting increasing numbers of employees to explore the idea of leaving a start-up that […]

The Accion Frontier Inclusion Fund, a global fintech fund managed by venture capital firm Quona Capital, has secured $141 million in capital contributions from a consortium of institutional investors including Accion, MasterCard, and JPMorgan Chase. The Washington-based fund will invest in “inclusive fintech” startups that improve the accessibility and quality of financial services in emerging markets including sub-Saharan Africa, Latin America, and Asia, with a particular focus […]

The robots are coming. Automation, both in the form of mechanised robots (human or drone-shaped) as well as artificially intelligent software programs, are predicted to get rid of a huge number of jobs over the next five years. A report by Citibank in partnership with the University of Oxford predicted that 47 percent of US jobs are at risk of automation, 35 percent in the UK, and […]

Deutsche Bank on Sunday unveiled an €8bn capital increase and its latest sweeping strategic overhaul, as chief executive John Cryan seeks to put Germany’s biggest bank “back on the front foot” after a year of turmoil. The moves, some of which reverse changes to the structure of businesses announced only 18 months ago, come after a year when Deutsche was caught up in two brutal market sell-offs. […]

· Tasdeer showcased 20 Qatari food and beverage sector companies at Dubai World Trade Center from 26 February – 2 March 2017 · Food and beverage industry valued at more than USD $5 trillion globally, according to estimates · Expo attracted key businessmen, decision-makers and investors from agri-food industry from across the world 05 March 2017· Tasdeer showcased 20 Qatari food and beverage sector companies […]

By Balazs Koranyi | FRANKFURT FRANKFURT Two of the world’s biggest central banks are likely to find themselves with a bigger policy gap by the end of the coming fortnight The European Central Bank on Thursday will resist calls to start tightening policy against surging inflation but robust U.S. jobs data on Friday could seal the case for another Federal Reserve hike the week after. So, let’s […]

– Issuance is a Call to Kuwaiti Corporates to take Advantage of Sukuk for Financing Projects – 7-Fold Oversubscription evidence for EQUATE’s robust position, Sukuk Importance 05 March 2017 Kuwait – Chief Executive Officer -KFH Capital, affiliated to Kuwait Finance House Group, Abdulaziz Nasser Al-Marzouq said that KFH Capital acted as a global coordinator and book runner for EQUATE SUKUK SPC Limited’s (“EQUATE SPC”) in […]

As part of the previously previewed “Two Sessions” which started on Sunday, Chinese Premier Li Keqiang on Sunday delivered the annual report on the work of the government in Beijing, summarizing the country’s achievements in the past year, and setting goals for this year. In his policy speech, lasting 97 minutes and 18,600 Chinese characters, Li signaled a course adjustment for the world’s second-largest economy and some […]

China’s banking system has surpassed the eurozone’s to become the world’s largest by assets, a sign both of the country’s increased influence in world finance and its reliance on debt to drive growth since the global financial crisis. While China’s gross domestic product surpassed the EU’s economic bloc in 2011 at market exchange rates, its banking system did not take over the top spot until the end […]

Abu Dhabi’s government-owned power utility aims to close a financing package for a 3.2 billion dirham ($872 million) solar power plant, which will be the world’s largest, in April, a senior official at the utility said on Sunday. Last week, Abu Dhabi Water & Electricity Authority (ADWEA) said it had selected a consortium of Japan’s Marubeni Corp and China’s JinkoSolar Holding to build and operate the 1,177 […]

Entrepreneur Elon Musk has an estimated current net worth of $13.4 billion from interests in transport, payments and space technology Sending tourists for a trip around the moon is the latest big idea launched by Elon Musk, a Silicon Valley star known for turning his passions into visionary enterprises. Musk has become one of the United States’ best-known innovators. He was a founder of payments company PayPal, […]

China has lowered its annual economic growth target to “around” 6.5 per cent, as Beijing plans to focus on risk control in the final year of President Xi Jinping’s first term.  The figure, down from the government’s target growth range of 6.5 to 7 per cent for 2016, was revealed on Sunday morning by Premier Li Keqiang in his annual “work report” to China’s parliament, the National […]

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