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April 3, 2016 Panama Papers leaked; Sharif family under spotlight The International Consortium of Investigative Journalists made nearly 11.5 million secret documents public. The documents contained confidential attorney-client information for more than 214,488 offshore entities, with the source of these leaks being a Panamanian financial law firm, Mossack Fonseca. Eight offshore companies were reported to have links with the family of Prime Minister Nawaz Sharif and his […]

SoleNet and Sure Telecom are prohibited from carrying on as a business or providing any telecommunications services for a period of two years, the Australian Federal Court ordered on Friday. In addition, the companies and their director James Harrison have been ordered to pay AU$250,000 in penalties. As of April 1, 2017, Harrison is also disqualified from managing corporations for three years. The Australian Competition and Consumer […]

SYDNEY The dollar clung to broad gains on Friday as the risk of an imminent U.S. interest rate hike slugged sovereign bonds and commodities, even managing to sour Wall Street’s party as the reality of rising borrowing costs began to sink in. Spread betters pointed to opening losses for European stocks and E-mini futures for the S&P 500 were off 0.3 percent. Asian markets were mostly lower, […]

Eleven U.S. states have agreed to drop a lawsuit against an Obama administration order for transgender students to use bathrooms of their choice after the measure was revoked by President Donald Trump, a court filing showed on Thursday. In a filing in the Fifth Circuit Court of Appeals, the U.S. Justice Department said the states, led by Texas, had agreed to drop the lawsuit, and it was […]

Doha, Qatar; March 2, 2017 The third edition of Qumra, the industry initiative by the Doha Film Institute that aims to mentor and nurture next generation filmmakers, has received tremendous support from Qatar’s government entities, industry leaders, educational & cultural organisations and a wide spectrum of global film bodies. To be held from March 3 to 8 at Souq Al Waqif and the Museum of Islamic Art, […]

The widow of the gunman who killed 49 people at a gay nightclub in Florida must remain in jail after prosecutors argued that she was a threat to the community and a flight risk, a U.S. judge on Thursday ordered. The federal judge in Florida stayed another judge’s order issued on Wednesday that would have released Noor Salman, 30, from a California jail. He put the release […]

Saudi Arabia’s main sovereign wealth fund Public Investment Fund (PIF) is looking at taking minority stakes in German technology and financial companies, although any deal is unlikely before 2018, the kingdom’s ambassador to Germany said. Such a move would mirror other Gulf state funds from Dubai, Qatar and Kuwait, which have taken minority stakes in German companies including Daimler, Deutsche Bank and Volkswagen, although Ambassador Awwad Al-Awwad […]

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In this March 29, 1929 photograph, Pearl I. Young is working in the Langley Memorial Aeronautical Laboratory’s Flight Instrumentation Facility (Building 1202). Young was the first woman hired as a technical employee, a physicist at the National Advisory Committee for Aeronautics and the second female physicist working for the federal government. Source link

Fact-finding mission or junket? Some lawmakers are bewildered that the groups that paid for their trips are now swept up in Turkey’s current political turmoil. “I can’t imagine what they would have wanted out of the North Dakota state Legislature,” said former North Dakota state Rep. Ben Hanson, a Democrat who went on a trip sponsored by a Gulen group in 2013 with six other lawmakers from […]

By Yashaswini Swamynathan U.S. stocks looked set to climb further on Thursday after a record day on Wednesday, as strong economic data added to the optimism about the U.S. economy. Wall Street’s main indexes rallied on Wednesday and the Dow Jones Industrial Average sailed past the 21,000 mark, boosted by President Donald Trump’s more measured tone in a speech to Congress and as bank stocks surged on […]

Jeff Sessions, the US attorney-general, failed to disclose during his confirmation hearings that he twice met the Russian ambassador while acting as a close adviser to Donald Trump during last year’s presidential campaign. Mr Sessions met Sergey Kislyak on September 8 in the then senator’s private office in the US Capitol building, after having spoken with him briefly two months earlier at an event sponsored by the […]

CK Chow struck a cautious note at the start of the week when revealing the Hong Kong Exchange’s annual results. With average daily turnover down 37 per cent, the exchange chairman’s wariness was understandable as he talked of a “challenging” outlook and volatile markets. Yet such caution is out of step with the mood in the market. Hong Kong’s blue-chip Hang Seng index and the Hang Seng […]

The federal government has announced that the Australian Signals Directorate (ASD) will be receiving critical infrastructure upgrades at two of its national security facilities in Canberra. The AU$75 million upgrades to the intelligence agency will be funded under the Defence Integrated Investment Program, Minister for Defence Personnel Dan Tehan said on Thursday. “The ASD is essential to Australia’s national security and these improvements will help keep Australians […]

For 2017, Toyota has added its most fuel-efficient Prius ever: a plug-in gasoline-electric hybrid called Prius Prime that can travel up to 640 miles on a full electric charge and a single tank of fuel. With its federal government fuel ratings of 54 miles per gallon on gasoline power and 133 mpg-equivalent on electricity plus gasoline, the new Prius Prime is the most fuel-efficient plug-in gasoline-electric hybrid […]

TOKYO Asian shares rose on Thursday as investors were encouraged by President Donald Trump’s measured tone in his first speech to Congress, which sent Wall Street stocks sharply higher, while growing bets on a U.S. rate hike this month buoyed the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, led by rebound in Australian shares . Japan’s Nikkei .N225 rose 1.3 percent […]

WASHINGTON Senior U.S. administration officials have lobbied President Donald Trump to remove Iraq from a list of seven Muslim-majority nations included in an initial travel ban, and two sources said they were confident the country would not appear on a new executive order expected soon. Defense Secretary Jim Mattis, national security adviser H.R. McMaster, Secretary of State Rex Tillerson and Homeland Security chief John Kelly all made […]

By Lisa Fernandez | OAKLAND, Calif. OAKLAND, Calif. A judge cleared the way on Wednesday for the widow of the gunman who killed 49 people at a gay nightclub in Orlando, Florida, to be released from jail and also appeared to throw doubt on the strength of the government’s case against her. Noor Salman, 30, was arrested in California in January on federal charges she knew before […]

A storming start for risk assets has defined the first two months of 2017, with heightened optimism on Wall Street pushing the FTSE All-World equity index into record territory. Whether the rally can be sustained in March depends on the outcome of several key events. Here is a rundown of what looms for investors during the month. US jobs data and the Federal Reserve The bullish sentiment […]

A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp from retail customers, a decision that may end a 15-year legal battle stemming from the energy company’s December 2001 bankruptcy. In a 228-page decision on Tuesday, U.S. District Judge Melinda Harmon said UBS PaineWebber brokerage customers failed to show that the Swiss bank intended to […]

Wednesday 16:30 GMT Overview Wall Street surged to another record as comments from Federal Reserve officials caused traders to boost their bets for an increase in US interest rates this month and investors celebrated a more upbeat tone from Donald Trump in his first address to Congress. In keeping with he risk-on mood that washed across financial markets around the globe, the dollar also rose and gold […]

In investment as in life, what goes unsaid is often more important than what is said. Long-term watchers of the Federal Reserve know to look at every last word of every statement from a Fed governor — which is why a succession of Fed speeches and interviews on Monday and Tuesday were taken as doubling the chances that the central bank raises US interest rates at its […]

WASHINGTON The Senate on Wednesday voted to confirm President Donald Trump’s pick to head the Interior Department, Rep. Ryan Zinke of coal producing Montana, as the White House takes steps to boost fossil fuel output from federal lands. The Senate voted 68 to 31, with several Democrats joining Republicans in support of Zinke, an hunter and angler, who supported energy development as a one-term congressman. (Reporting by […]

A contract arranged at the top According to the investigators’ notes, Wilson wasn’t pressed further by the labs to detail her work because her contract had been blessed by the labs’ top officials. At the time, Los Alamos was reeling from a $300 million budget cut handed down by the Congress that Wilson had just left, a contracting official told investigators during an interview on Oct. 11, […]

WASHINGTON U.S. President Donald Trump plans to finalize a new order limiting travel to the United States in the coming days, his vice president said on Wednesday, after federal courts blocked the administration’s earlier travel ban. A White House source had previously said the new order was likely to be announced on Wednesday. More than two dozen lawsuits were filed in U.S. courts against the Jan. 27 […]

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