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Bahamas Leaks: 150 Pakistani owners of offshore companies exposed

A brief shared by various media sources suggested that about 150 Pakistanis have been identified as directors of almost 70 companies, out of 175,000 firms incorporated in the Bahamas between 1959 and 2016, Dawn newspaper reported. Irfan transferred his offshore company to his daughter, one year after he was sworn as LHC judge. The documents also claim that Samina Durrani, mother in law of Punjab Chief Minister Shahbaz Sharif, is owner of an offshore company.

Business

Settlement reached in Exxon Yellowstone spill — AP NewsBreak

Attorney Robert McTamaney, who's with law firm Carter, Ledyard & Milburn, commented "From glancing at it, I think Exxon has substantial arguments that their accounting is correct". Analyst's mean target price for E. In other words, although Exxon Mobil stock has performed well in the downturn, it could underperform in an environment of rising oil prices.

Business

Samsung suffers backlash in China over smartphone response

The new Note 7 phones were originally rumored to go on sale in late October, but appeared today in both carriers' online stores without any indications of a delivery delay. Verizon has announced preorders for new models of the Galaxy Note 7 are now available. Some analysts dispute the notion that most Note 7 users are deciding to wait for replacements.

Business

Deutsche Bank to fight United States $14bn claim

German Finance Ministry spokeswoman Friederike von Tiesenhausen weighed into the debate, saying Germany is "aware that United States authorities have agreed with other banks on settlement payments, and so the German government assumes that a fair result will be reached at the end of this process as well, on the basis of equal treatment".

Business

Gas pipeline back open after major leak

Colonial said the pipeline is operating at full capacity with a temporary bypass line diverting flow around the leak site. It will still take "several days" for the delivery supply chain to return to normal, the company announced. Several gas stations in Cherokee have raised gas prices from $2.16 a gallon last week to $2.39 a gallon on Monday and even as high as $2.69 in Ball Ground, according to gasbuddy.com.

Business

Wall Street jumps as Fed holds rates steady

Though three out of 10 policy makers wanted a rise, the central bank left the target range for the Federal Funds rate at 0.25 to 0.50%. Japanese banking shares rose to close sharply higher, boosted by the news of no further rate cuts. A drop below that August trough would take the dollar to its lowest levels since June 24, when the greenback fell to 99.00 yen - its lowest level since November 2013 - as markets turned volatile after the United Kingdom voted to leave the European Union.

Business

Jeremy Corbyn must end the abuse, warns death threat North East MP

Ms Chapman added: "I think the ability to unite the party and to have a longer term post-Brexit vision, I think that's something that's been missing". The president of the International Rescue Committee is particularly critical of the Labour leader's "egregious" stance on foreign policy. Jonathan Arkush, the president of the Board of Deputies of British Jews, asked whether Corbyn and "the Labour Party will do everything it can to expunge anti-Semitism from the Labour Party?" reported the JC ...

Business

Markets Right Now: US stocks gain as Fed stays put on rates

In the Summary of Economic Projections , released in tandem with the policy statement , Fed members see one rate hike before the end of this year, while the number of expected rate rises in 2017 moved to two hikes from three after the June meeting.

Business

California governor pushes plan for Western power grid

California is on track to meet the 2020 climate goal that called for reducing emissions to 1990 levels by restricting the carbon content of gasoline and diesel fuel, encouraging sales of zero-emission vehicles and imposing a tax on pollution.

Business

FDA grants accelerated approval to first drug for Duchenne muscular dystrophy

The Food and Drug Administration's ( FDA ) thumbs-up, however, comes amid the intense intra-agency controversy over the therapy. The brothers have Duchenne muscular dystrophy, a rare degenerative disease that wastes their muscles and will likely take their lives at an early age.

Business

Oil rises on weaker dollar after USA crude stock draw

Oil prices rose around 1 percent on Thursday, extending gains from the previous session after a surprise third consecutive weekly USA crude inventory draw tightened the market. Crude oil inventories last week fell by 6.2 million barrels to 504.6 million barrels, the EIA reported , a day after the American Petroleum Institute estimated inventories had dropped by an unexpected 7.5 million barrels.

Business

EnLink Midstream Partners LP (ENLK) Shares are Down -7.26%

The variance in the lower and upper price target of the stock is from $32 to $34 respectively with the standard deviation of all price targets being $1.018. According to Zacks Research that took time to survey a group of market experts, the projection of Lakeland Financial Corporation (NASDAQ:LKFN)'s earnings for its recent quarter is $0.53.

Business

Hanjin Shipping allowed to unload cargo at USA ports

Billions of won worth cargo is stranded at seas, while Hanjin Shipping's vessels are unable to dock or unload cargo at ports, as operators fear Hanjin Shipping may not be able to make payments. Sherwood on Friday granted Hanjin Shipping protection under Chapter 15 of the Bankruptcy Code. "The port terminals do not want to accept the vessels before they get paid in advance".

Business

Sixty nations ratify pact on global emissions

Last December, almost 200 nations agreed to slash greenhouse gases in order to keep global temperature rises to "well below" 2 degrees Celsius. To take effect, 55 parties responsible for at least 55 of global emissions of greenhouse gases must join the accord.

Business

Planned Serb referendum vote reawakens fears of strife in Bosnia

The Sept. 25 referendum will ask residents of Bosnia's Republika Srpska region whether they agree the "statehood" day of the Serb mini-state should remain January 9. "Moving forward with the referendum in defiance of the constitutional court is a threat to the rule of law". An global body overseeing the implementation of Bosnia's peace accords, the Peace Implementation Council, called on Bosnia's factions on Tuesday "to refrain from reactive measures and divisive rhetoric".

Business

Cauvery water dispute: DMK leaders MK Stalin and Kanimozhi court arrested

The leaders, who courted arrest, also included Kanimozhi (DMK) and MDMK's Vaiko. DMK's MK Stalin detained. Due to heightened security, the rail roko was unsuccessful in Mandya, Mysuru, Hubballi, Shivamogga and other places where protesters who tried to enter railway stations were stopped and detained by the police.

Business

Wall Street rallies after Fed stands pat on rates

Oil prices jumped as fuel stockpiles shrank and investors hoped that supply gluts are easing, which would allow prices to rise. United States inventories fell by 6.2 million barrels last week, official data showed yesterday, spurring optimism a glut will ease.

Business

K'taka will abide by 'difficult' SC order, one more dead

The CM also stated that he has sought the intervention of the prime minister by convening a meeting of the chief ministers of Karnataka, Tamil Nadu, Puducherry, and Kerala. He said the state government had made a decision to impose law and order with an iron hand to maintain peace and tranquility. Violence can not provide a solution to any problem.

Business

U.S. issues wide-ranging self-driving cars policy

At a Tuesday morning news conference, U.S. Transportation Secretary Anthony Foxx described the 116-page policy document as "the most comprehensive national automated vehicle policy that the world has ever seen". The policy comes in four sections, with the first covering Vehicle Performance and including a 15-point " Safety Assessment" for the safe design, development, testing and deployment of automated vehicles.

Business

Most voters concerned about Trump's language, Clinton's emails

Libertarian Gary Johnson gets 10 percent while the Green Party's Jill Stein has 1 percent support. However, Laura Epstein of The People for the American Way adamantly believes that there is little that will change the mind of these millennial voters supporting Hillary.

Business

Kerry launches blistering attack on Russian Federation at UN

Gen. Igor Konashenkov said a U.S. Predator drone was in the area of the convoy attack when it happened. His speech at the United Nations follows an attack on an aid convoy on Monday , and as fighting has broken out on numerous fronts in the war-torn country.

Business

Merck & Company, Inc. (NYSE:MRK) Analytical Analysis

Finally, Commerzbank AG set a €101.00 ($112.22) price objective on shares of Merck KGaA and gave the stock a buy rating in a research report on Tuesday, June 7th. The company's 50 day moving average is €96.57 and its 200 day moving average is €87.63. Merck & Co. had a net margin of 13.01% and a return on equity of 23.41%.

Business

Australia's ANZ Settles With India's Oswals, Takes $111 Million Hit

But insurance can't cover the reputational damage the bank and receivers from PPB have suffered during the trial, which began in May in the Supreme Court of Victoria. The bank's chief executive officer Shayne Elliott said "ANZ does not accept numerous claims made in court and we completely reject the allegations made against our staff".

Business

The federal self-driving vehicles policy has finally been published

He urged Foxx "to bring commercial highway users to the table". "NHTSA is absolutely extending its enforcement authority to all the new autonomous vehicles", NHTSA administrator Mark Rosekind said. The guidelines also clarify some of the policy questions that have lagged technological advances in recent years. Self-driving Uber vehicles are already roaming through the streets of Pittsburgh.

Business

As Obama's term wanes, so does focus on Israeli-Palestinian issue

It was President Barack Obama's last appearance on the marble dais of the General Assembly hall, and his farewell speech early on Wednesday (AEST) revealed a man whose eye was fixed as much on the next seven weeks of the American political campaign as on his place in history.

Business

5 charts that predict the Fed's intentions on interest-rate hikes

In a new round of economic projections published on Wednesday, 14 of 17 Fed officials said they expected to raise the benchmark rate at least once this year. But Trump's suggestion that Yellen is purposefully keeping rates low as a political favor to Obama goes well beyond that criticism. Several analysts suggest that the Feds is also waiting on the USA presidential elections of 2016 held in November, to implement a rate hike.

Business

UK statistics agency sees little immediate impact from EU vote

British voters are showing few signs of "buyer's remorse" at the decision to leave the European Union made three months' ago, one of the country's leading polling experts has said. The figures will come as a blow to Remain campaigners attempting to stir support for a second referendum on Britain's future in Europe months after Brexit was backed 52 per cent to 48 per cent on June 23.

Business

Jaya inaugurates 2nd elevated corridor of Chennai Metro

The first loan agreement for the Chennai Metro Rail project was signed in November 2008 with amount of 21,751 million Japanese Yen, a statement from JICA said. The trains will become air-conditioned and hence, the ticket prices of MRTS will be on a par withChennai Metro Rail tickets, he said. Chennai Metro Rail Limited (CMRL), is a rapid transit system serving the city of Chennai, Tamil Nadu, India.

Business

Seoul: North Korea capable of another nuclear test

The North has yet to demonstrate that it had deployed nuclear-capable missiles, despite claims to have mastered the technology to miniaturise a nuclear warhead to mount it on ballistic missiles. "The group of Obama's running around and talking about meaningless sanctions until today is highly laughable, when their "strategic patience" policy is completely worn out and they are close to packing up to move out", state-run KCNA news agency cited a North Korean foreign ministry spokesman as saying ...

Business

Reserve Bank leaves rates unchanged at two percent

This was probably deliberate as any change could have given the false impression that the Reserve Bank was wavering on further easing. Analysts have picked November, when the central bank will have more information about inflation. After initially tumbling in the moments following the release, the New Zealand dollar is now largely unchanged for the session. As a result, the NZD remains too high and the only way the Reserve Bank can impact on the NZD is to cut the OCR, he said.

Business

FDA Grants Accelerated Approval For Sarepta Muscular Dystrophy Drug Eteplirsen

Vanguard Group Inc. now owns 3,105,816 shares of the company's stock valued at $59,227,000 after buying an additional 161,790 shares in the last quarter. Exondys 51 is indicated for the treatment of DMD patients who have a confirmed mutation of the dystrophin gene amenable to exon 51 skipping, which is found in approximately 13% of this population.

Business

Trump sides with Cruz over Internet domains

Donald Trump and frenemy Ted Cruz finally agree on something: it is a bad idea for the Obama administration to surrender Internet oversight to the United Nations. Congressional Republicans, led by Sen. Since then, the alleged computer user seems to have changed his mind, joining Ted Cruz's weird crusade for an American takeover of the internet's address book in the name of freedom of speech.

Business

Dollar sags after Fed stands pat, signals less aggressive rate rises

Tokyo's Nikkei 225 fell 0.5 percent to 16,411.97 and the Hang Seng of Hong Kong fell 0.1 percent to 23,516.54. The Nasdaq closed at a record high. The big four banks lifted the Australian market higher, with ANZ and National Australia Bank leading the way and closing more than 1% higher, Westpac rose 0.6% and the Commonwealth lagged the field, rising only 0.3%.

Business

Stocks rally after Fed keeps rates unchanged

The agency said its policy committee had concluded "the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives". Many analysts and investors expect the Fed to wait until at least December before acting. We still think most voting FOMC members have a dovish-to-neutral stance on monetary policy and when it comes right down to it they would rather postpone the second hike than hike ...

Business

Russia's Lavrov calls for impartial probe into aid convoy attack

In New York on Tuesday (Wednesday NZT), Russian and C diplomats insisted that the cease-fire , which went into effect nine days ago, was not dead, despite soaring violence. But U.S. officials said two Russian Sukhoi SU-24 warplanes were in the sky at the time of the strike. Aid deliveries to besieged and hard-to-reach areas were a key part of the partial truce brokered by the USA and Russian Federation, which lasted just a week.


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