New York - Japan's Mitsubishi UFJ Financial Group will acquire a 21-per-cent stake in Morgan Stanley as the financial crisis has hurt confidence in US banks and hampered liquidity, the firms announced Monday.
The largest Japanese financial group will pay 9 billion dollars to become the primary shareholder. The cash infusion comes amid a credit crunch that has brought turmoil to world financial markets and prompted a 700-billion-dollar bailout deal making its way through the US Congress.
New York, Sept 29: Pakistan President Asif Ali Zardari’s return to home country from his maiden foreign visit after assuming Presidency, after the aircraft which he to board was hit by a delivery truck at the airport.
Zardari was in his hotel at the time of the incident.
The incident delayed Zardari’s return by at least 12 hours, reported the Dawn.
New York, Sep 28 : The probe into the assassination of former Pakistan Prime Minister Benazir Bhutto will cost the United Nations 40 million dollar and the world body would generate the amount through its own resources.
The investigators and account authorities of the organisation have made the estimates, sources revealed.
UN Secretary General Ban Ki-moon has asked head of the UN Security and Under-Secretary General for Security and Safety Sir David Veness to dash to Islamabad to look into the security aspects in Pakistan.
New York, Sept. 28 : After days of hoopla and hectic discussions, the US House of Representatives finally approved the Indo-US civil nuclear deal on Saturday. In all, 298 legislators participated in the voting process.
While there was bipartisan support for the Bill, a considerable number of Democrats voted against the Bill moved by party colleague Howard Berman, an opponent of the measure who was persuaded to change his line.
New York - The United Nations Security Council adopted Saturday a new resolution calling on Iran to "comply fully" with past UN demands to halt its uranium enrichment programmes, which Western governments suspect of being intended for producing nuclear weapons.
The 15-nation council unanimously adopted the resolution and asked Iran to meet its obligations "without delay" as a party to the Nuclear Non-proliferation Treaty.
New York - The United Nations Security Council plans to adopt a new resolution later Saturday calling on Iran to "comply fully and without delay with its obligations" with past UN demands to halt its uranium enrichment programmes.
But the draft resolution expected to be adopted by the 15-nation council does not call for additional sanctions. Three previous resolutions since 2006 have imposed a ban on travel by some high- ranking Iran officials and exports of nuclear technology to Iran.