09252016Sun
Last update: Sun, 25 Sep 2016 06pm

North America

World - North America

US Fed plans tighter rules on bank commodity activities WASHINGTON: The US Federal Reserve on Friday proposed new regulations that would restrict banks' trading and investments in physical commodities in an effort to limit environmental and other risks to financial stability.US regulators have pointed to the 2010 Deepwater Horizon oil spill -- in which an offshore oil rig exploded, touching off an environmental disaster that resulted in billions of dollars in fines to companies involved -- as an example of the risks that commodities investment can pose to financial institutions.Under the new rules unveiled Friday, the investment banks Goldman Sachs and Morgan Stanley, which unlike other banks are allowed to invest in extracting, transporting and storing physical commodities, would face heightened capital requirements for such activities. Other banks which engage in commodities trading that extends to physical commodities -- such as oil futures contracts settled in oil and not cash -- would also be required to devote higher capital ...

World - North America

Canada: yearly inflation rate slowed in August to 1.1pc OTTAWA: Consumer prices in Canada rose 1.1 percent on a year-on-year basis in August, a slowing from July led by weaker growth in food and recreation prices, Statistics Canada reported Friday.This rate fell below analysts' expectations of a 1.4 percent increase in the overall price index, year-on-year. The inflation rate in July stood at 1.3 percent.Food prices rose 1.1 percent in August from the year before, after a 1.6 percent increase in July. Prices for ...

World - North America

UN rights chief slams Macedonia for migrant detentions GENEVA: The UN rights chief on Friday voiced deep concern over Macedonia's "systematic policy" of detaining and expelling migrants, criticising especially the widespread detention of migrant children.UN High Commissioner for Human Rights Zeid Ra'ad Al Hussein said that when his staff visited Macedonia earlier this month they had found 180 migrants -- around 80 of them children -- "who have been living in limbo since March in two transit centres". "This is simply unacceptable, in ...

World - North America

Japanese PM in Cuba to 'open new page' in ties HAVANA: Prime Minister Shinzo Abe arrived in Cuba on Thursday for the first visit to the country by a Japanese premier, saying he wants to "open a new page" in relations.Abe met with Cuban President Raul Castro during a visit that comes after Tokyo's close ally Washington restored ties with the communist island last year."I sincerely hope my stay here becomes an opportunity to open a new page in the relationship of friendship between both ...

World - North America

Kerry tells UN that Russia must ground Syria air force UNITED NATIONS: US Secretary of State John Kerry demanded on Wednesday that Russia force Bashar al-Assad's regime to ground its air force in order to revive hopes of a ceasefire in Syria's civil war.Addressing the UN Security Council, including his Russian opposite number Foreign Minister Sergei Lavrov, Kerry said efforts to find peace could yet be salvaged but only if Moscow takes responsibility for recent air strikes.Kerry said that only Russian and Syrian war planes ...

World - North America

UN says 'ready' to resume Syria aid convoys GENEVA: The UN said Wednesday it was ready resume humanitarian convoys in Syria after an attack on aid trucks and a warehouse, which left 20 people dead, triggered a suspension of deliveries."The preparation for these convoys has now resumed and we are ready to deliver aid to besieged and hard-to-reach areas as soon as possible," the UN's humanitarian office (OCHA) said in a statement. The Monday attacks came as relief supplies intended for desperate Syrian ...

World - North America

UN mobilizes to stop super-bugs UNITED NATIONS: World leaders called Wednesday for governments, medical researchers and consumers to take action to stop super-bugs, which resist antibiotics and are posing a growing threat to public health."Anti-microbial resistance poses a fundamental, long-term threat to human health, sustainable food production and development," UN Secretary-General Ban Ki-moon said as he opened a first-of-a-kind meeting on the problem on the sidelines of the UN General Assembly."We are losing our ability to protect both people and ...