Financial Services News
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Shenzen to be first Chinese city to begin carbon trading
BEIJING - China, the world's biggest carbon emitter, is set to launch Tuesday its first carbon trading scheme as a pilot project in the southern city of Shenzhen as part of efforts to cut emissions in its key cities. Carbon emissions trading schemes are meant to encourage companies to reduce their carbon dioxide emissions by setting a limit or a cap, on the level of emission that can be ...
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UK inflation rises to 2.7pc in May pushed by higher transport cost
LONDON - The consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, mainly due to higher fuel costs pushing up transportation costs particularly airfares, the Office for National Statistics (ONS) said Tuesday. The ONS said the rise was due to a record increase in airfares and higher fuel prices. "The inflation rate has returned to the levels seen between ...
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NRI lawyer wins Iran bank case in British Supreme Court
Mumbai-born Parsi lawyer Sarosh Zaiwala Wednesday notched a remarkable success in a bank case in the British Supreme Court, with major ramifications on the international banking system, an official said. By the court verdict, the British government's sanctions on Iran's largest private bank, Bank Mellat, were lifted after the its security service's "Secret Court" failed to produce significant ...
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Rescue chopper crashes in Nepal one killed
At least one person was killed and three others were injured Wednesday when a chopper, sent for rescuing people affected by landslides and floods, crashed on the banks of the Karnali river on the Nepal-Tibet border, officials said. The ill-fated helicopter with six people onboard crashed on the banks of the river in Humla district, the district administrative office said. Three people were ...
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NSA surveillance revealed abandoned al-Qaedas NY stock exchange bombing plot
The US-led surveillance programme which has created a lot of furor for snooping on citizens' web activities and phone records has revealed information about al-Qaeda's plot to bomb the New York Stock Exchange(NYSE) in 2008. FBI Assistant Director Sean Joyce said that the agency found out through the electronic surveillance that al-Qaeda was actually in the initial stage of bombing the NYSE ...
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Movie Review
Somewhere
Somewhere, Sofia Coppolas fourth feature, is a continuation of her cinematic exploration of personal isolation, and while it has much about it that is admirable, it will undoubtedly be experienced most directly as an inferior variation on Lost in Translation (2003), her Oscar-w ... ...
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Cisco set to open new centre in Israel
The US technology giant Cisco plans to open a new research and development center in Israel, the company's CEO John Chambers said during his meeting with Israel's Minister of Finance Yair Lapid. The new centre is expected to offer 100 jobs, to be added to about 2,000 employees already work at Cisco center in Israel, reported Xinhua. Chambers Tuesday said the new project, whose main focus is ...
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Business Reprieve as Treasury scraps VAT on food
In what is seen as ceding ground following mounting opposition to the Bill, Economic Secretary Geoffrey Mwau said the Exchequer is reviewing options of protecting the poor, including scraping the proposed taxes on basic items such as food, medicines, fertiliser and agricultural ...
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TD Bank Group to Repurchase up to 12 Million of its Common Shares
Canada (OSFI) have approved TD's previously announced normal course issuer bid. As announced, TD intends to repurchase up to 12 million of its common shares pursuant to its bid which will commence ...
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Faircourt Asset Management Inc. Announces June Distributions
June 19, 2013 /CNW/ - Faircourt Asset Management Inc., as Manager of the Faircourt Funds, is pleased to announce the monthly distributions payable on the Shares and Trust Units of the below listed ...
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Transcript of Obama speech in Berlin
In a wide-ranging foreign-policy speech in Berlin, President Barack Obama called for launching negotiations with Russia aimed at ending the two nations' Cold War military posture and a reduction of nuclear arms by up to one-third. Here is the text of the speech, as provided by the White ...