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May 16, 2016 Politics
LONDON / AP Presidential candidate Donald Trump says he may have a poor relationship with British Prime Minister David Cameron in light of his criticism of Trump’s call for all Muslims to be temporarily banned from entering the United States. Trump’s comments, broadcast on Monday on ITV’s “Good Morning Britain,†are certain to cause unease in Britain, where America is seen ...
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May 16, 2016 Politics
LONDON / AP Greater Manchester’s mayor has called for an inquiry into a security alert triggered by a fake bomb left behind at a sports stadium after a training exercise. The discovery of the dummy bomb on Sunday prompted the evacuation of Manchester United’s stadium, Old Trafford. Police say the device discovered in a toilet just before kickoff had ...
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May 16, 2016 Politics
Amman / AFP Human Rights Watch urged Jordan on Monday to lift recent “restrictions†on transit through its territory of Palestinians from the Gaza Strip, but the authorities in Amman denied any policy change. Since August 2015, “Palestinians from Gaza have found it increasingly difficult to get permission to transit through Jordan to travel abroad, without any explanation for the ...
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May 16, 2016 Politics
Yangon /Â AFP Myanmar police on Monday said they have begun legal action against five protesters over a weekend rally intended to promote religious tolerance. The move came as rights groups raise concerns about efforts by the new pro-democracy government to amend draconian laws on demonstrations. Dozens of activists and students marched through Yangon in a rare gesture of religious ...
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May 16, 2016 Politics
Davao / AFP Philippine president-elect Rodrigo Duterte vowed on Monday to introduce executions by hanging as part of a ruthless law-and-order crackdown that would also include ordering military snipers to kill suspected criminals. In back-to-back press conferences since his landslide victory in May 9 elections, the tough-talking mayor of southern Davao city said security forces would be given “shoot-to-kill†...
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May 16, 2016 Politics
Lagos / AFP Nigeria’s government will meet union leaders to try to prevent a planned national strike over a 67 percent hike in the price of petrol, the labour ministry said on Monday. Ministry spokesman Samuel Olowookere said the talks would take place in Abuja at 3:00 pm (1400 GMT) and involve government officials, the Nigeria Labour Congress (NLC) ...
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May 16, 2016 Banking
Bloomberg Deutsche Bank AG is stuck in a vicious circle as co-Chief Executive Officer John Cryan seeks to overhaul an impaired business that needs more capital, which the bank would struggle to raise if it tried to tap investors, according to Berenberg. The Frankfurt-based lender’s biggest problem is excessive leverage, Berenberg’s James Chappell wrote Monday in a note that ...
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May 16, 2016 Banking
Bloomberg Bank of America Corp. appointed Jiro Seguchi to head its brokerage and banking units in Japan from June 1, replacing Tim Latimore. Seguchi, co-head of global corporate and investment banking in the Asia-Pacific region, will move to Tokyo from Hong Kong to add the new role as country executive for Japan, according to an internal memo obtained by ...
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May 16, 2016 Banking
Bloomberg UBS Group AG hired Brevan Howard Asset Management LLP’s Arend Kapteyn as chief economist of its investment bank. Kapteyn will join the Swiss lender on August 1 in London and will report to global head of investment bank research Juan Luis Perez, according to an internal memo obtained by Bloomberg News. A spokesman for the bank confirmed the ...
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May 16, 2016 Banking
Bloomberg Selling shares in an Italian bank today, as one fund manager put it to Gadfly, is like selling black shoes in spring time—a tough exercise. Carlo Messina, CEO of one of the banks overseeing the IPO of Veneto Banca, a troubled Italian lender struggling to meet European Central Bank requests to boost capital, has given his own grim ...
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