The strange allegation by UAE officials is noted in a State Department cable, which reports the details of a meeting between officials of the US Treasury Department and those of UAE's State Security Department (SSD) and Dubai's General Department of State Security to discuss suspected Taliban-related financial activity in the UAE.
More than 10 speakers made their case during the no-confidence vote, the first faced by the Narendra Modi government. Here's a selection of the best speeches.
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
With the Rs 1.45 lakh crore tax dole threatening to upset budgeted numbers, Economic Affairs Secretary Atanu Chakraborty sought to allay concerns saying the government is sticking to the glide path of keeping fiscal deficit at 3.3 per cent of the GDP in the current fiscal.
French stocks, particularly those exposed to the country's large tourism sector, are likely to suffer the biggest falls
While the likelihood of these states going the Lanka or Greece way may be an alarming assessment, the financial situation of some states such as Punjab and West Bengal is indeed quite weak.
Given the dimensions, it is bound to have at least ripple effects across markets. Could ripple turn into cascade? asks Devangshu Datta.
A United States official is set to hold talks in the United Arab Emirates, Bahrain and Lebanon this week on sanctions imposed by the United Nations Security Council on Iran over its nuclear programme.
United States President Barack Obama appointed Denis R McDonough, one of his top foreign policy advisors and longtime trusted aide as his next Chief of Staff.
Strict lockdown-like restrictions are already in place in the southern stateand the Pinarayi Vijayan government decided to clamp the complete shutdown in the wake of severe spike in the positive cases.
India imports 1.2 billion barrels of oil, and oil prices are falling, falling...
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
The country has its own triangular flag with an emblem of Paramashiva and Nandi and is called the 'Rishabha Dhvaja'.
Significant investors in government bonds FIIs have been net sellers since May 22.
'Indian markets may initially react and follow the pattern of US and other global markets post US elections.'
The United States has slapped sanctions on Iran's ministry of intelligence and security for its alleged support to terrorism, participation in the ongoing repression in Syria and human rights violations against its own people.
Top gainers in the Sensex pack included Infosys, Bajaj Finance, Maruti, HUL, HCL Tech and Reliance Industries, while M&M, IndusInd Bank, ITC, PowerGrid and L&T were among the losers. The NSE Nifty settled 190.80 points, or 2.51 per cent, down at 7,801.05.
Chinese President Hu Jintao on Friday hailed the "positive results" of the latest round of Security and Economic Dialogue between China and the United States which was held under the shadow of a dissident seeking refuge in the American embassy in Beijing.Hu lauded the talks and appreciated the "excellent work" of the teams from the two countries when US Secretary of State Hillary Clinton and Treasury Secretary Timothey Geithner called on him.
Barack Obama on Thursday named Mary Schapiro, head of the securities industry's self-regulatory body, as chair of the Securities and Exchange Commission.
'Quality of management, corporate governance, allocation of capital, full disclosures should form the basis to decide investing in a particular stock.'
Compared to equity funds, debt funds are lower risk profile and are usually suitable for investors for very short term.
'We appreciate his positive evaluation of the relationship and share his optimism about its future directions.' 'We look forward to welcoming him in India next week for detailed discussions on further strengthening of our partnership,' the MEA said on Friday.
'The question often being asked is whether the demand for petrol and diesel is price inelastic?' asks Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
'After a ten year search, the so-called 'mastermind' of the Mumbai Terror attacks has been arrested in Pakistan. Great pressure has been exerted over the last two years to find him!' said Trump who is scheduled to meet Khan at his Oval Office on Monday, July 22.
As many as 40 staffers, in the key equities and investment banking division in India, could be asked to go as part of the London-headquartered lender's global layoffs, said people aware of the development. HSBC India declined to comment.
Qureshi urged for unity among political parties in Pakistan on Kashmir and warned that doing politics on the issue would harm the cause.
This is aimed at improving liquidity in all schemes and would help them to meet sudden redemption pressures, said Sebi chairman Ajay Tyagi.
The United States public debt is the money borrowed by the federal government of the United States at any one time through the issue of securities by the Treasury and other federal government agencies.
Like all governments, the United States borrows hard cash through Treasury bonds.
The Pakistan government has sealed offices of Al-Amin Trust in Karachi and Lahore and frozen several bank accounts as part of its ongoing crackdown on groups added to a UN Security Council list of terrorist organisations subject to sanctions.
The five Ahmedabad-based call centres that made calls to people living in the US are Hglobal, Call Mantra, Worldwide Solution, Zoriion Communications and Sharma BPO Services.
22-year-old Majid, who hails from Suchi village of Kulgam district, was identified by police with the help of some locals as well as the driver of the treasury van that came under Hizbul Mujahideen terrorists' attack on May 1 in Kulgam.
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
"Features of the Bill are anti-people and anti-Constitution...it is a very dangerous act," the fiery TMC MP said.
The United States has said it wants Pakistan to implement UN curbs against three key financers who raised money for the Taliban and Haqqani network, a day after slapping sanctions on the leaders of these outfits.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Saeed had confirmed that his organisation Jammat-ud-Dawah would contest the 2018 general elections under the banner of the Milli Muslim League.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
