SEBI would take strict actions against illegal overseas lending and borrowing of Indian securities by FIIs. The regulatory body said in a release that it would not allow the overseas lending and borrowing activity of FIIs as it is not in the favor of cash market in India. It would give a vigil watch to such activities and may take more measures to deal with the lending/borrowing by FIIs.
The security and exchange board of India already asked FIIs to provide details of sub accounts and securities held by them. The detail would be available on the website of SEBI.
Cotabato City, Philippines - Four Muslim rebels, one soldier and one pro-government militiaman were killed in clashes in the southern Philippines, a regional army chief said Wednesday.
Major General Raymundo Ferrer said four Moro Islamic Liberation Front (MILF) guerrillas and one pro-government militiaman were killed Tuesday in fierce fighting in Datu Piang town in Maguindanao province, 960 kilometres south of Manila.
Ferrer said a soldier was also killed Tuesday in a clash with a separate group of MILF rebels in nearby Mamasapano town, also in Maguindanao.
Tokyo - Japan's central bank has supplied 50.17 billion dollars in its first unlimited dollar-supplying money market operation, the bank said Wednesday.
The Bank of Japan's move to lend dollar funds at a fixed rate for one month was intended to ease the stress in the short-term money markets.
Jakarta - Indonesian President Susilo Bambang Yudhoyono left Jakarta on Wednesday morning for Beijing to make a five-day official visit to China, where he will attend the 7th Asia-Europe Meeting (ASEM).
Yudhoyono, accompanied by his wife Ani Yudhoyono, and a number of cabinet ministers, including Foreign Minister Hassan Wirajuda, Trade Minister Mari Elka Pangestu, State Minister for Environment Rachmat Witoelar and Energy Minister Purnomo Yusgiantoro.
San Francisco - If anyone still questioned the power of the internet to play a key role in the general elections, the recent fundraising figures touted by Barack Obama should put all doubts to rest.
The Democratic presidential nominee raised a staggering 150 million dollars in September - most of which came from small donors who gave less than 100 dollars each through Obama's website.
Cotabato City, Philippines - Four Muslim rebels, one soldier and one pro-government militiaman were killed in clashes in the southern Philippines, a regional army chief said Wednesday.
Tokyo - Japan's central bank has supplied 50.17 billion dollars in its first unlimited dollar-supplying money market operation, the bank said Wednesday.
San Francisco - If anyone still questioned the power of the internet to play a key role in the general elections, the recent fundraising figures touted by Barack Obama should put all doubts to rest.
