LOS ANGELES: At least two people were killed Tuesday when a masked gunman opened fire at a mall in the western US state of Oregon, sparking panic before apparently turning the gun on himself, police said. At least one person was also injured in Clackamas, south of Portland, a sheriff's spokesman ... Read More
Employees take a Lehman Brothers company sign into Christie's in London for auction. (AFP/File - Ben Stansall) LONDON: British and US banking regulators proposed on Monday a joint strategy to ensure that the bankruptcy of big banks won't spark a chain reaction of contagion throughout markets. The two bodies, acting on ... Read More
Posted By admin1 On December 11th 2012. Under BUSINESS & ECONOMY, WORLD Tags: banking, British bank Standard Chartered, finance, Libya and Sudan, Standard Chartered, Standard Chartered to pay US$327m to settle US sanctions probe, Treasury's Office of Foreign Assets Control (OFAC), United States, US, US sanctions on Iran as well as on Myanmar, US Treasury .
WASHINGTON: British bank Standard Chartered will pay the United States $327 million to settle charges it violated US sanctions on Iran as well as on Myanmar, Libya and Sudan, the US Treasury announced Monday. US authorities said the bank had stripped messages on financial transfers routed through US banks of information ... Read More
WASHINGTON: The United States and Israel downplayed on Thursday the Palestinians' new upgraded status at the UN, saying it changed nothing in actual practice and even made peace with the Jewish state a remoter prospect. Palestinians rejoiced at the historic albeit largely symbolic vote at the UN General Assembly in New ... Read More