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June 12, 2016 Politics
Bloomberg Donald Trump returned to the combative form that helped him win the US Republican presidential nomination, slamming Democrats, calling for his party to unite behind him, and responding to Mitt Romney’s suggestion that his election could lead to “trickle-down racism.†At a rallyin Tampa, Florida, the presumptive Republican nominee termed himself “the least racist person that you have ...
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June 12, 2016 Politics
Bolivia / AFP Bolivia has arrested five people for allegedly coaching a boy to pretend he was President Evo Morales’ son, and paying his family, in a soap opera-style scandal that has riveted the country, officials said on Saturday. “The boy was told his entire education would be paid for, that he would be given a plot of land, ...
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June 12, 2016 Politics
Manila / AFP Philippine leader Benigno Aquino called on his countrymen on Sunday to fight attempts to take away their freedoms as he prepared to hand over power to president-elect Rodrigo Duterte, who has vowed to kill tens of thousands of criminals. Duterte won last month’s elections in a landslide largely on a pledge to suppress what he said ...
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June 12, 2016 Politics
Guatemala City / AFP Two former top Guatemalan cabinet ministers were arrested on corruption charges stemming from their tenure in the government of jailed ex-president Otto Perez, the Central American country’s attorney general said. They are alleged to have used their positions to illegally raise money that then was spent on lavish birthday gifts for Perez. The gifts allegedly ...
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June 12, 2016 International News, Uncategorized
Tokyo / Tribune News Service Japan’s Land, Infrastructure, Transport and Tourism Ministry has decided on a plan to relax the floor area ratio of buildings by 1.5 times, or up to an additional 300 percent, depending on respective conditions. The move is so that hotels can be rebuilt as bigger hotels on the same land area, The Yomiuri Shimbun ...
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June 12, 2016 International News
New Delhi / Tribune News Service The Enforcement Directorate (ED) said it has attached properties worth Rs.1,411 crore of business tycoon Vijay Mallya and his company United Breweries (Holding) Ltd in a case of alleged diversion of Rs.430 crore from an IDBI Bank Ltd loan to his Kingfisher Airlines Ltd to purchase properties overseas. ED, on its Twitter account, ...
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June 12, 2016 International News
New Delhi / Tribune News Service The Delhi government fined five prominent private city hospitals Rs 700 crore for not treating poor patients as mandated by the law, underscoring the scanty healthcare options available to the Capital’s economically weaker sections (EWS). Government rules stipulate 10% of all patients admitted to private hospitals must be poor and treated free of ...
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June 12, 2016 International News
Shanghai / AFP Small-time investor Tracy Li lost more than $3,000 of her hard-earned salary from working at a bank after China’s stock market crashed last summer, wiping out trillions of dollars in valuations in just days. A year later, and she has been burned twice, betting government intervention to prop up the market after the rout would guarantee good ...
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June 12, 2016 Gulf Stocks
BLOOMBERG Dubai stocks led a retreat across Gulf Arab equities, tracking declines in emerging markets as investors brace for a series of key global events including this week’s Federal Reserve meeting and MSCI Inc.’s annual market-classification review. The DFM General Index retreated 1 percent, the steepest drop since June 2. Emaar Properties PJSC, the developer with the largest weighting ...
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June 12, 2016 Stocks
Bloomberg Itau Corpbanca is the Latin American lender that offers investors the juiciest potential returns, equity analysts say. It’s also the worst performer in the region as investors ignore buy recommendations and wait for a recovery in its earnings. Itau Corpbanca’s 12-month average target price is 31 percent above the current price, the largest difference among 27 Latin American ...
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