Australian PM Turnbull formally calls July 2 election

Courtesy The News International SYDNEY: Australia will go to the polls on July 2 after Prime Minister Malcolm Turnbull called an election that will likely focus on the flagging economy and hot-button issues like the country´s tough asylum seeker policy. Turnbull, whose Liberal-National coalition is running neck-and-neck in opinion polls with the centre-left Labor opposition,…

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,…