Latest news from Sify.com - Politics feed

Latest news from Sify.com - Politics feed

  1. DMK demands all-party meeting, assembly sitting on Jallikattu

    01.19 / 10:30 sify.com Sify.com - Politics
    Chennai: DMK Working President M.K. Stalin on Thursday urged Tamil Nadu Chief Minister O. Panneerselvam to call an all-party meeting during the day as well as a special assembly sitting on Friday over the Jallikattu issue.Panneerselvam should call an all-party meeting to discuss the "abnormal situation" prevailing in the southern state, Leader of Opposition in the assembly Stalin said in a statement here.Thousands of students and others are protesting in Tamil Nadu in favour of the…
  2. No cake-walk for Badals this time in Punjab polls

    01.19 / 08:49 sify.com Sify.com - Politics
    With the Punjab assembly polls turning into a three-horse race for the first time, Chief Minister Parkash Singh Badal and his son and deputy, Sukhbir Singh Badal, face the most serious electoral challenge of their careers.Unlike on earlier occasions, when the contest was a straight fight between the Shiromani Akali Dal-Bharatiya Janata Party (SAD-BJP) combine and the Congress, the emergence of the Aam Aadmi Party (AAP) on Punjab's political scene has spiced up the poll scenario, with…
  3. Egypt considering temporary stamp duty on stock market deals - sources

    01.19 / 08:49 sify.com Sify.com - Politics
    CAIRO (Reuters) - Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014, two finance ministry sources told Reuters on Thursday. The comments come a day after the International Monetary Fund released the details of its $12 billion, three-year agreement to support a wide-ranging programme to reform Egypt's ailing economy and restore financial stability. The agreement revealed that Egypt had committed to imposing either a…
  4. Russia state fund chief sees alliance with OPEC lasting years

    01.19 / 08:48 sify.com Sify.com - Politics
    DAVOS, Switzerland (Reuters) - A senior Russian official, who last year was first to predict that Moscow could cut oil output in tandem with OPEC, believes such cooperation can now last for years, strengthened by cross border investments between Saudi Arabia and Russia. Last year Kirill Dmitriev, who runs Russia's $10 billion state Direct Investment Fund and has close ties to the government and the Kremlin, spoke about a possible joint action after meeting Saudi officials at the World…
  5. Asian investors see Trump stimulus sweet spot amid protectionism, inflation fears

    01.19 / 06:46 sify.com Sify.com - Politics
    By Nichola Saminather SINGAPORE (Reuters) - Ahead of U.S. President-elect Donald Trump's inauguration this week, investors in Asian assets are warily betting he won't make good on his promise to create $1 trillion of new infrastructure over the next 10 years. Rather, they're positioned for a "Goldilocks" scenario, with U.S. fiscal spending just high enough to lift growth without sucking too much capital out of emerging markets. Political hurdles and constraints on materials and labour…
  6. Peru says it and India plan to start free trade talks this quarter

    01.19 / 06:26 sify.com Sify.com - Politics
    LIMA (Reuters) - India and Peru plan to start negotiations on a bilateral free trade agreement covering goods, services and investments sometime in the first quarter, Peru said on Wednesday. The Cabinet of Indian Prime Minister Narendra Modi approved a feasibility study on the proposed deal on Wednesday, clearing the way for the start of formal talks, Peru's Trade Ministry said in a statement. Peru said an initial technical meeting in the first quarter would mark the first time that…
  7. Samsung chief allowed home, prosecutor vows to keep chasing

    01.19 / 04:24 sify.com Sify.com - Politics
    By Joyce Lee and Ju-min Park SEOUL (Reuters) - A South Korean court on Thursday denied a special prosecutor clearance to arrest the head of Samsung Group, the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. But Jay Y. Lee, who has led Samsung since his father, Lee Kun-hee, suffered a heart attack in 2014, was still likely to be face the same charges of bribery, embezzlement and perjury, legal analysts said. The pre-dawn…
  8. EXCLUSIVE - Pentagon, Lockheed near deal on $9 bln F-35 contract - sources

    01.19 / 03:44 sify.com Sify.com - Politics
    By Mike Stone WASHINGTON (Reuters) - The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday. The F-35, the Pentagon's costliest arms program, has drawn fire from U.S. President-elect Donald Trump who has made lowering prices for military equipment a pillar of his transition into office. …
  9. EU shouldn't mete out trade punishment over Brexit - Johnson

    01.18 / 11:48 sify.com Sify.com - Politics
    By Douglas Busvine NEW DELHI, Jan 18 (Reuters) - Foreign Secretary BorisJohnson on Wednesday compared any attempt to punish Britain forleaving the European Union to a World War Two escape movie,saying both sides would do better to strike a mutuallybeneficial trade deal. Speaking in New Delhi a day after Prime Minister Theresa Maylaid out the case for a "hard Brexit", in which Britain leavesthe European single market, Johnson said attempts to curb freetrade cut both ways. He was…
  10. Trump policy concerns keep gold near 8-week high

    01.18 / 04:41 sify.com Sify.com - Politics
    By Sethuraman N R (Reuters) - Gold prices on Wednesday hovered below eight-week highs hit in the previous session as uncertainty over U.S. President-elect Donald Trump's economic plans and his comments on strong greenback caused the dollar to decline. Spot gold was firm at $1,216 per ounce by 0322 GMT. Bullion hit an eight-week high of $1,218.64 in the previous session. U.S. gold futures were up 0.2 percent at $1,215.60 per ounce. In an article in the Wall Street Journal late Monday,…
  11. Fed's Williams calls for further gradual U.S. rate hikes

    01.17 / 23:38 sify.com Sify.com - Politics
    SACRAMENTO (Reuters) - San Francisco Federal Reserve Bank President John Williams on Tuesday called for gradual U.S. interest-rate hikes over the next few years to keep the economy from overheating and ultimately falling into recession. With the unemployment rate at 4.7 percent, the U.S. economy has reached full employment, Williams said, adding that inflation is on track to reach the Fed's 2-percent goal over the next couple of years. "Looking ahead, further gradual increases in the…
  12. Rolls-Royce to pay more than $800 million to settle bribery charges - U.S. Justice Department

    01.17 / 20:35 sify.com Sify.com - Politics
    By Joel Schectman WASHINGTON (Reuters) - Rolls-Royce Plc agreed to pay authorities more than $800 million to resolve charges of bribing officials in six countries in schemes that lasted more than a decade, the U.S. Justice Department and U.K. Serious Fraud Office said in statements Tuesday. The company admitted to paying officials at state-run energy companies in Kazakhstan, Thailand, Brazil, Azerbaijan, Angola and Iraq more than $35 million in order to win contracts, the Justice…
  13. Sterling on course for best day since at least 1998

    01.17 / 17:12 sify.com Sify.com - Politics
    By Patrick Graham and Jemima Kelly LONDON (Reuters) - Sterling saw its biggest gains since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit. The pound, already up more than 1 percent as May began a keenly-awaited speech that had been extensively leaked to media, surged 2.8 percent on the day to a 10-day high of $1.2390 in the hour that followed. …
  14. UK car industry says Britain must participate in customs union to keep EU trade

    01.17 / 14:30 sify.com Sify.com - Politics
    LONDON (Reuters) - Britain needs to participate in the European customs union to help retain EU trade, a car industry body said on Tuesday, warning that a return to World Trade Organisation tariffs would threaten the sector. Prime Minister Theresa May said on Tuesday Britain cannot remain a full member of the EU customs union but will seek tariff-free trade with the bloc after it leaves. "We need ... a deal which includes participation in the customs union to help safeguard EU trade,…
  15. Factbox - British PM Theresa May whittles down Brexit trade options

    01.17 / 11:47 sify.com Sify.com - Politics
    LONDON (Reuters) - British Prime Minister Theresa May will set out in more detail on Tuesday her priorities for Brexit negotiations, saying Britain will seek a new partnership rather than adopting any of the existing models used by other countries. May will say Britain will not seek a Brexit deal that leaves it "half in, half out" of the European Union in a speech at 1145 GMT that indicates she is prepared to leave the bloc's single market and seek a bespoke British deal. Below are some…
  16. UK Stocks-Factors to watch on Jan 17

    01.17 / 07:03 sify.com Sify.com - Politics
    Jan 17 (Reuters) - Britain's FTSE 100 index is seen opening down 1point on Tuesday, according to financial bookmakers. * The UK blue chip index ended its record 14-day winning streak on Monday,finishing down for the first day since Dec. 21, as banking stocks slumped on'hard Brexit' worries ahead of Theresa May's speech on Tuesday. It ended down0.15 percent at 7327.13 points. * RIO TINTO: Global miner Rio Tinto, could be in a positionto reward shareholders with a strong dividend…
  17. Deferred due to polls, UP Board exams to begin from March 16

    01.17 / 05:41 sify.com Sify.com - Politics
    Lucknow: The class X and XII examinations of students of the UP Board will be held between March 16 and April 21, an official said.While the official schedule and time table is yet to be released, officials confirmed that the Election Commission has approved the dates, which were earlier deferred due to the state assembly polls.The High School (Class X) examinations will go on for 15 days while the class XII (Intermediate) exams will be spread out in 25 days, the official informed…
  18. Ahead of polls, BJP Punjab chief Vijay Sampla offers to resign

    01.17 / 05:00 sify.com Sify.com - Politics
    (Image tweeted by @vijay_sampla)New Delhi: Hours after the Bharatiya Janata Party (BJP) released six more names for the Punjab Assembly polls, its state unit chief Vijay Sampla expressed his displeasure over the ticket distribution, and offered to step down from the post of party's state unit chief as well as that of Cabinet Minister.According to sources, Sampla, who is Minister of State for Social Justice and Empowerment, is unhappy with the BJP fielding Som Prakash from Fagwara…
  19. Gold prices rise as Brexit worries stoke safe-haven demand

    01.17 / 04:20 sify.com Sify.com - Politics
    By Sethuraman N R (Reuters) - Gold prices rose on Tuesday to hover near seven-week highs hit the day before, with safe-haven demand boosted ahead of a speech in which British Prime Minister Theresa May is expected to discuss plans for a "hard Brexit". Spot gold had risen 0.3 percent to $1,205.93 per ounce by 0324 GMT. On Monday, it marked its highest in more than seven weeks at $1,207.86. U.S. gold futures were up 0.8 percent at $1,205.50 per ounce. "Gold is going to do very well in…
  20. Akhilesh Yadav wins 'cycle' war, Congress ready for alliance for UP's benefit

    01.17 / 03:39 sify.com Sify.com - Politics
    New Delhi: The Congress Party on Tuesday said that they will not back off from forming an alliance with the Samajwadi Party (SP) if it reaps benefit for the people of Uttar Pradesh after the Election Commission (EC) on Monday recognised the faction led by Chief Minister Akhilesh Yadav as the Samajwadi Party and allotted it the 'cycle' symbol."We are ready to fight on 403 seats but if anything comes forth in benefit for the people of Uttar Pradesh then we are not going to back off,"…