US issue rule requiring financial institutions to identify real owners of companies

Courtesy The News International WASHINGTON/NEW YORK: The Obama administration is issuing a long-delayed rule requiring the financial industry to identify the real owners of companies and proposing a bill that would require companies to report the identities of their owners to the federal government, U.S. officials said on Thursday. The Customer Due Diligence (CDD) rule,…

US Republican House Speaker Ryan not ready to support Trump

Courtesy The News International WASHINGTON: The top elected U.S. Republican, Paul Ryan, said on Thursday he was not ready to endorse Donald Trump, a sign of the challenges the party’s presumptive presidential nominee faces rallying the Republican establishment behind his White House bid. Ryan, the speaker of the U.S. House of Representatives, said conservatives wanted…

US report exposes India for religious freedom violations

Courtesy The News International WASHINGTON: A latest US report has noted that religious violations increased in India in 2015, blaming the ruling Bharatiya Janata Party (BJP) for tacitly supporting Hindu-nationalist groups in fanning intolerance against minority communities including Muslims and Christians. The report by the US Commission on International Religious Freedom said that minority communities,…