Day: July 28, 2017

Panama Papers: Nawaz Sharif steps down after Supreme Court order

Newsroom24x7 Network Islamabad: Pakistan Prime Minister Nawaz Sharif today stepped down after the Supreme Court of Pakistan unanimously voted for disqualifying him from holding office and referred his case to the country’s top anti-corruption authority for conducting a probe into his family’s offshore assets exposed by the Panama Papers. The landmark verdict against Sharif was […]

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New Bond rules reduce Indian Corporates’ funding options

Newsroom24x7 Network Singapore/Mumbai: New, tighter regulations on foreign holdings of Indian rupee-denominated corporate bonds and offshore issuance will reduce options for companies to diversify their funding sources, at least temporarily, Fitch Ratings says. The rules will also prevent the use of certain complex transaction structures, which have recently gained popularity among corporate issuers. The Securities […]

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The new China-Russia axis: The name of the game is powerplay

Lalit Shastri Russia and China should join their efforts in facing modern challenges as common position of both countries stabilizes the international situation. –┬áChief of the General Staff of the Russian Armed Forces General┬áValery Gerasimov The US Senate on Thursday passed a Bill that provides sanctions against Russia for activities concerning cyber security, crude oil […]

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