38 seconds ago
Consolidation in Indian banking sector risky: Moody's

Chennai, June 28 (IANS) The multiple downside risks in the proposed consolidation in the Indian public sector banking (PSB) space far outweighs the potential benefits, said global credit rating agency Moody's Investors Sevice. In a statement issued on Tuesday, Moody's said the proposal to consolidate the country's public sector banks (PSBs) creates risks that -- in the current weak econo...

47 seconds ago
UN to choose new non-permanent Security Council members

United Nations, June 28 (IANS) The UN General Assembly is set to elect five new non-permanent Security Council members to replace Spain, Venezuela, New Zealand, Malaysia and Angola in January 2017. Bolivia heads into the Tuesday vote un-opposed and will take over the Latin American seat currently occupied by Venezuela, EFE news reported. Likewise, Ethiopia is the only candidate f...

58 seconds ago
Women celebrate US Supreme Court ruling on abortion rights

Washington, June 28 (IANS) Thousands of women celebrated the verdict of the US Supreme Court against a controversial Texas abortion law as the greatest victory in the past three decades. Today (Monday), women across the nation have had their constitutional rights vindicated, said Nancy Northup, president of the Centre for Reproductive Rights, a lawyer representing the clinics affected by...

58 seconds ago
Volkswagen to pay $14 bn for emissions-rigging scandal

Washington, June 28 (IANS) Volkswagen is set to pay $14.7 billion in the US for the emissions-rigging scandal, according to details of the agreement reached between the German car manufacturer and American owners and authorities. The details of the agreement were leaked on Monday to several US media, but is provisional and will not be officially published at least until a court in San Fr...

59 seconds ago
India seen to grow faster than emerging market peers

The Indian economy is at an interesting inflection point. With RBI Governor Raghuram Rajan announcing his plans to return to academia and the referendum in Britain voting to leave the EU, the world, it seems, has become more uncertain and risk-prone. These events could make global recovery even more tepid. At present, a lot is happening in the world economy that has a bearing on the Indi...

48 seconds ago
Kanpur stadium to host India-New Zealand Test

Lucknow, June 28 (IANS) After hosting two IPL matches recently, the Green Park stadium in Kanpur will now host a Test match between India and New Zealand, an official said on Tuesday. The match would be the first Test match between the two sides in the forthcoming series and would be played in Kanpur from September 22-26. Indian Premier League (IPL) Commissioner and secretary of ...

60 seconds ago
US House Democrats issue Benghazi report to defend Clinton

Washington, June 28 (IANS) The Democrats on the House Select Committee released their own report to refute accusations against former Secretary of State Hillary Clinton for her role in the 2012 terror attack on Libya's capital Benghazi. The House Democrats on Monday said they issued the 339-page report because it is long past time for the Republican-led select committee investigating the...

2 seconds ago
Cuban, US banks to enhance cooperation despite blockade

Havana, June 28 (IANS) Cuba's central bank and US financial institutions are enhancing cooperation that covers remittances and credit cards despite legal challenges imposed by Washington's blockade on the island. Until today, Cuba hasn't been able to do financial transactions directly with US banks although we're working together with several institutions to do it in the near future in a...

28 seconds ago
Fergie shares topless selfie online

Los Angeles, June 28 (IANS) Former Black Eyed Peas singer Fergie has shared a topless photograph on her social media pages. The singer, who is getting ready to release her comeback album, posted the raunchy black and white image on both Instagram and Twitter. It saw her seductively staring in to the camera, reports dailystar.co.uk. The photograph also featured the word M.I.L.F.<...

30 seconds ago
Chinese shares open lower

Beijing, June 28 (IANS) Chinese stocks opened lower on Tuesday, with the benchmark Shanghai Composite Index down 0.37 per cent to open at 2,885.01 points. The smaller Shenzhen index opened 0.46 per cent lower at 10,330.12 points, Xinhua news agency reported. The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, was down 0.47 per cent to open at 2,181.41 p...

12 seconds ago
Four-year-old Italian boy saves mother taken ill at the wheel

Varese (Italy), June 28 (IANS/AKI) Doctors praised a four-year-old boy in Italy who managed to get help for his mother who fainted while driving due to a heart problem. When his mother passed out after pulling over on Monday, her small son managed to get out of the car and asked a passer-by to call emergency services. The woman was taken to hospital in the city of Varese, where s...

43 seconds ago
Chinese yuan weakens

Beijing, June 28 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 153 basis points to 6.6528 against the US dollar on Tuesday, according to the China Foreign Exchange Trading System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day, Xinhua news agency reported.

16 seconds ago
Cyclists endorse Rio's Olympic velodrome

Rio de Janeiro, June 28 (IANS) Top cyclists from around the world have given their seal of approval for Rio's new velodrome, predicting slick times at the venue during the Olympic Games in August. The track is fast and smooth and the wood is great, Switzerland's Gael Suter told Rio2016.com after giving the track a test run, Xinhua news agency reported. I think there will be some ...

0 seconds ago
Tokyo stocks open lower

Tokyo, June 28 (IANS) Tokyo stocks opened lower on Tuesday as global market volatility following Britain opting to leave the European Union continued to batter sentiment, with a strong yen sending exporters lower. The 225-issue Nikkei Stock Average dropped 188.22 points, or 1.23 per cent, from Monday to 15,120.99, Xinhua news agency reported. The broader Topix index of all First ...

4 seconds ago
Argentina's coach to stay with national side

Buenos Aires, June 28 (IANS) The coach for Argentina's national soccer team Gerardo Martino will continue with the side and lead the Under-23 team through the Olympic Games 2016 in Rio de Janeiro. The news came from the Argentine Football Association (AFA) on Monday, putting an end to rumours of Martino's possible resignation after his team lost the 2016 Centennial Copa America to Chile ...

28 seconds ago
Oil prices extend decline on Brexit vote

New York, June 28 (IANS) Oil prices extended losses as the market remained volatile after Britain voted to leave the European Union in a historic referendum. The West Texas Intermediate for August delivery on Monday lost $1.31 to settle at $46.33 a barrel on the New York Mercantile Exchange, while Brent crude for August delivery decreased $1.25 to close at $47.16 a barrel on the London I...

4 seconds ago
Iceland shock England 2-1 to reach Euro quarterfinal

Nice (France), June 28 (IANS) Iceland shocked England 2-1 to reach the quarterfinals of the European Championship here. England pulled ahead only two minutes into the first half as captain Wayne Rooney fired a penalty kick into the bottom right corner after Raheem Sterling had been brought down by Iceland goalkeeper Halldorsson during the match on Monday. But Iceland, the smalles...

57 seconds ago
Matt LeBlanc 'besotted' with new girlfriend

London, June 28 (IANS) Former Friends actor Matt LeBlanc is reportedly besotted with his new gilfriend Aurora Mulligan, who works as an assistant producer on the TV show Top Gear, which he co-hosts. The pair went public with their romance last weekend as they enjoyed a date at a horse racing event in West Sussex, South England, and fellow race-goers say they couldn't keep their hands off...

18 seconds ago
Canadian stocks further down on Brexit

Toronto, June 28 (IANS) Canada's main stock market in Toronto fell further down to a five-week low as losses for resources and financials stocks lingered following Brexit vote in Britain. The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index lost 202.09 point, or 1.45 per cent, to close at 13, 689.79 points on Monday. Six of the TSX index's eight main sub-secto...

45 seconds ago
Kerry visits Brussels to discuss Brexit

Brussels, June 28 (IANS) US Secretary of State John Kerry visited Brussels, discussing with European officials on Britain's EU membership referendum, as well as a range of regional and global issues key to the US-EU partnership. During the press conference following Kerry's meeting with EU foreign policy chief Federica Mogherini, Kerry said on Monday the Brexit vote did not come out the ...

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