Royal Bank of Scotland (RBS) unit in Japan to pay $50 million over Libor
New York – A Japanese investment banking unit of Royal Bank of Scotland Group Plc was ordered on Monday to pay a USD 50 million criminal fine after pleading guilty to wire fraud over its role in manipulating the benchmark interest rate Libor. RBS Securities Japan Ltd had entered its plea last... read more »
CBI files two more fresh FIRs : Coal scam
New Delhi – The Central Bureau of Investigation (CBI) on Wednesday filed two FIRs against two companies in the coal block allocation scam that the agency is investigating in. As per reports, the FIRs have been filed against against BLA Industries Pvt Ltd, Gastron Technologies Pvt Ltd and some... read more »
Economy heading towards better times, no reason to despair : Prime Minister...
New Delhi – Prime Minister Manmohan Singh Wednesday sought to dispel apprehensions of the Indian diaspora on the state of the economy, saying the country was heading towards “better times” and there is no reason to despair about its present or worry about the future. He also said... read more »
Manish Tewari denies reports on PM resigning
New Delhi – Information and Broadcasting Minister Manish Tewari Tuesday denied reports of that Prime Minister Manmohan Singh would announce at a press conference scheduled for Friday that he was resigning. Television channels, quoting sources, said the prime minister is likely to resign in... read more »
Malaysian government to slash public expenditure
Kuala Lumpur – Malaysian Prime Minister Najib Tun Razak has announced 11 measures to slash public sector expenditure beginning Jan 1, authorities said. These measures are in... read more »
U.S. to proceeding with prosecution of senior Indian diplomat Devyani Khobragade
The U.S. is proceeding with the prosecution of senior Indian diplomat Devyani Khobragade and has no intention to withdraw the case of visa fraud against her. U.S. sources in New York said... read more »
Volcano erupts in Indonesia
Jakarta – Mount Sinabung, one of the most active volcanoes in Indonesia, erupted Tuesday, spewing hot ash up to 7,000 metres high along with lava and forcing evacuation, an official... read more »
Ex-South Sudanese vice president urged to accept ceasefire
Khartoum – Ugandan President Yoweri Museveni said Monday that leaders would join hands against forces allied to South Sudanese ex-vice president Riek Machar , if he failed to respond... read more »
Israel frees 26 Palestinian prisoners
Jerusalem – Israel has freed a group of 26 Palestinian prisoners as part of a US-brokered agreement for resuming direct peace talks, BBC reported Tuesday. They released prisoners, making up the... read more »
