Obama says financial industry owes debt to American people, urges it to rebuild public trustSeptember 14th, 2009 Obama urges financial industry to rebuild trustNEW YORK — President Barack Obama is telling Wall Street to take steps on its own to rebuild trust with the public, and not wait for Congress to legislate the tighter oversight of the industry he is pushing. Obama says many of the firms now seeing improvement in their finances owe a debt to the American people, who financed a $700 billion bailout last year.
Baitullah Mehsud aide Omar arrestedAugust 18th, 2009 ISLAMABAD - Pakistani security forces have arrested Moulvi Omar, a senior aide to Baituallah Mehsud, the chief of the Pakistani Taliban who is believed to have been killed in a US drone attack earlier this month. Quoting official and intelligence sources, Online news agency reported that Omar, who carried a bounty of Rs.10 million, was arrested from a village in the Mohmand agency along the Afghan border Monday night as he was travelling in a car with two of his associates, including Waheed Gull and Hameed Gull.
Omar says 'out of power' PDP is nervous and worriedAugust 3rd, 2009 NEW DELHI - Jammu and Kashmir Chief Minister Omar Abdullah on Monday said that the opposition party in the state was coming out with false accusations against his government, as they were finding it difficult to cope up with the fact that they were out of power. "The PDP is nervous and worried.
Omar Abdullah resumes office as Kashmir Chief MinisterJuly 31st, 2009 SRINAGAR - Jammu and Kashmir Chief Minister Omar Abdullah resumed office on Friday after state Governor N N Vohra dismissed PDP's allegation that he was involved in the 2006 sex scandal. On Thursday, Vohra rejected Omar's resignation, and asked him to continue as the Chief Minister.
Morgan Stanley India allowed to deal in bondsJuly 18th, 2009 MUMBAI - The Indian arm of US-based merchant banker Morgan Stanley was Saturday authorised to undertake primary dealer business in government securities and bonds with effect from July 20. The company said in a subsequent statement it has, accordingly, appointed Manoj Kumar Swain the chief executive of primary dealer operations and that it would commence these activities in India from Monday.
Muni bond regulator proposes investment banks reveal campaign contributionsJune 22nd, 2009 Muni bond regulator seeks disclosure by banksWASHINGTON — Investment banks would be required to disclose contributions they make to municipal bond ballot drives under a proposal to be announced Monday by an industry regulator. The move is the latest effort by the Municipal Securities Rulemaking Board, an industry self-regulatory body, to eliminate the appearance of improper relationships between banks that help sell municipal bonds and the government officials who decide to offer them.
Anand Sharma in US to boost India-US trade tiesJune 16th, 2009 WASHINGTON - Indian Commerce and Industry Minister Anand Sharma is all set to hold a series of meetings with top Obama administration officials to renew the dialogue on the way ahead for the India-US trade and economic partnership. The first Indian cabinet-level minister to visit the US after Prime Minister Manmohan Singh's government was voted back to power, Sharma will meet US Commerce Secretary Gary Locke and US Trade Representative Ronald Kirk.
Russia ready to buy IMF bonds worth $10 bn: PutinJune 1st, 2009 MOSCOW - Russia is ready to buy $10 billion worth of bonds from the International Monetary Fund (IMF), Prime Minister Vladimir Putin said. Putin said the money would be used to help countries in the Commonwealth of Independent States (CIS).
NC ready to lend 'unconditional support' to UPA: OmarMay 18th, 2009 SRINAGAR - Jammu and Kashmir Chief Minister and National Conference (NC) leader Omar Abdullah on Monday said that his party was ready to lend 'unconditional support' to the United Progressive Alliance (UPA) Government at the Centre. "Our support to the UPA is unconditional.
Orchid Pharma buys its bonds to save on interest costMarch 31st, 2009 CHENNAI - The city-based bulk drug manufacturer Orchid Chemicals and Pharmaceuticals has purchased $12.1 million worth of bonds from the market and is in the process of extinguishing them to save on interest costs. This is the second such purchase in recent times by the company, which March 26 announced it had bought $25.7 million worth of bonds.
Omar Abdullah takes oath along with Tara Chand as deputyJanuary 4th, 2009 JAMMU - Omar Abdullah Monday took oath as the eighth chief minister of Jammu and Kashmir along with nine ministers including Tara Chand of the Congress as his deputy at this winter capital of the state. Governor N.N.
Omar sworn in as Jammu and Kashmir chief ministerJanuary 4th, 2009 JAMMU - Omar Abdullah Monday took oath as the eighth chief minister of Jammu and Kashmir along with 10 ministers at this winter capital of the state. Governor N.N.
NC-Congress government will succeed in Kashmir: Karan SinghJanuary 4th, 2009 JAMMU - As the new National Conference-Congress government was sworn in Jammu and Kashmir Monday, MP Karan Singh hoped that the coalition rule will develop the economy of the state. A 10-member ministerial council led by Omar Abdullah, 38, was administered the oath at a simple ceremony here.
Omar Abdullah not to shift to palatial chief minister's residenceJanuary 2nd, 2009 SRINAGAR - Omar Abdullah, chief minister designate of Jammu and Kashmir, has decided to stay in his present three-bedroom house in summer capital Srinagar and not shift to the palatial chief minister's official residence. 'I have a small family.
Party will decide on chief minister: Farooq AbdullahDecember 27th, 2008 SRINAGAR - National Conference (NC) patron Farooq Abdullah said Sunday that a final decision on a chief ministerial candidate would be made by the party if an alliance is worked out between the NC and the Congress. 'It is too early to comment on who the chief ministerial candidate would be.