Department Financial News

The Justice Department says Boeing has violated terms of a deal that allowed the giant aircraft manufacturer to avoid prosecution for fraud in 2021

Natural gas producer CNX Resources says it plans to build a $1.5 billion facility at Pittsburgh’s airport to make hydrogen-based fuels

Officials say a barge has hit a bridge in Galveston, Texas, spilling oil into surrounding waters and closing the only road connecting the city to Pelican Island

The House of Commons standing committee on finance is planning to discuss whether lapses in Toronto-Dominion Bank’s anti-money-laundering controls, which have already drawn regulatory scrutiny in the United States, warrant a deeper look here at home.

hot and dry season to a rainy season. As the monsoon progresses northward, relief from scorching summer temperatures is experienced over the areas," the Indian Meteorological Department said in a release on Saturday.

Vivek Joshi on Wednesday said increasing Free Trade Agreements (FTAs) would be a key strategy for enhancing India's financial services exports. Inaugurating a workshop on financial services in FTAs here, Joshi highlighted the pivotal role of financial services in India's export strategy. The workshop organised jointly by Department of Financial Services (DFS) and Exim Bank brought together key stakeholders from the government bodies and academia to delve into the intricate dynamics of FTAs and the pivotal role of financial services in the new-age FTAs. India has significant potential to capitalise on the growing demand for financial services globally, particularly with the emergence of GIFT City as a major hub for financial services, Export-Import Bank of India (Exim Bank) said in a statement.

A 'Mornings with Maria' panel discusses the U.S. economy and markets after the January year-over-year CPI comes in at 3.1%.

health update on former US President Jimmy Carter has been shared by his grandson. While speaking at the Rosalynn Carter Georgia Mental Health Forum on Tuesday, Jason Carter stated that Jimmy Carter “is coming to an end”. According to him, the former president was doing well under the present circumstances but the end was visible.

Enforcement Directorate (ED) on Wednesday arrested Jharkhand Minister and Congress leader Alamgir Alam in connection with a huge cash recovery from the household help of his personal secretary and state administrative service officer Sanjeev Kumar Lal. The Congress leader on Tuesday grilled by ED officials for over nine hours in connection with a money laundering case. Alam, the state's Rural Development minister, arrived at the ED office around 11 am and came out of the office around 8.30 pm. The probe agency had last week arrested Alam's personal secretary and state administrative service officer Sanjeev Kumar Lal (52) and the latter's domestic help Jahangir Alam (42), following the seizure of more than Rs 32 crore cash from a flat linked to them.

consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut. The consumer price index rose 0.3% last month after advancing 0.4% in March and February, the Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday. In the 12 months through April, the CPI increased 3.4% after climbing 3.5% in March. Economists polled by Reuters had forecast the CPI gaining 0.4% on the month and advancing 3.4% year-on-year.

integrity, a young Indian boy in Dubai has been commended by the city’s police force for his commendable action. Muhammad Ayan Younis, accompanied by his father, stumbled upon a lost watch during a stroll and promptly returned it, earning accolades from the Dubai Tourist Police Department for his honesty and discernment. The Dubai Police Department took to social media platform X to spotlight this exemplary act, affirming, “Dubai Police Honours Child for Honesty After Returning Tourist's Lost Watch.” A snapshot shared alongside the announcement captures Brigadier Khalfan Obeid Al Jallaf, Director of the Tourist Police Department, along with his deputy, Lieutenant Colonel Muhammad Abdul Rahman, and Captain Shahab Al Saadi, Head of the Tourist Happiness Section, presenting young Muhammad Ayan Younis with a certificate of commendation. Additionally, a blog link detailing the incident was included in the post.

Young originally joined Standard Life prior to its merger with Aberdeen Asset Management – which went on to become today's abrdn – in 2013, taking on the role of head of responsible investments. PIMCO and abrdn funds lose Square Mile rating following manager departures She became global head of responsible investment for abrdn in 2018, a position Young held for three years until her promotion to chief sustainability officer in January 2022. An abrdn spokesperson confirmed to Investment Week that Young had left the firm. Marlborough hires abrdn's James Athey as co-manager of bond...

US district court has approved a stipulated dismissal agreement that lifts sanctions on more than 90 foreign nationals, many of whom are Indian, who were previously denied re-entry to the US or deemed ineligible for visas due to their association with an Optional Practical Training (OPT) fraud committed by their former employers. These students, who were victimized by fraudulent OPT employers, had faced severe repercussions, including being denied entry into the US and visa ineligibility. One affected individual from Chennai recounted being turned away by US customs officials after a brief vacation, simply because he had briefly worked for a blacklisted company certified for conducting OPT. Jesse Bless, an attorney representing the plaintiffs, told TOI's Lubna Kably that after extensive negotiations, the US Department of Homeland Security (DHS) agreed to review its records and confirmed that these former students are neither inadmissible to the US nor ineligible for visas solely based on their employment with fraudulent OPT companies. «With the inadmissibility lifted, these plaintiffs have now regained another opportunity to live and work in the United States,» Bless said.

The financial year 2023-24 culminated exactly 45 days ago and the last date to file income tax return (ITR) of July 31 is 75 days ahead. Although you still have ample time to get your act together and file your return at a later stage, this is high time for an individual taxpayer to at least begin the income tax e-filing process.

US warned of a “potential risk of sanctions" following India's 10-year agreement to operate the Chabahar Port in Iran, External Affairs Minister S. Jaishankar highlighted that the project will “benefit the entire region".

The South Korean tax body, the National Tax Service (NTS), has announced it has liquidated previously frozen crypto worth more than $800,000.

sanctions" after India inked a 10-year agreement for running the Chabahar Port in Iran, External Affairs Minister S Jaishankar emphasised that the project will benefit the entire region and people should not take a «narrow view» of it. He also pointed out that the US itself had appreciated the larger relevance of Chabahar in the past. The EAM was speaking at an interaction after the launch of the Bangla edition of his book 'Why Bharat Matters' in Kolkata on Wednesday.

will give a boost to regional connectivity and India's linkages with Afghanistan, Central Asia and Eurasia," the Ministry of External Affairs said on May 13. According to Iran's Ministry of Roads and Urban Development, the deal will give India 10-year access to use the port, located close to Iran's southeastern border with Pakistan.

Wells Fargo CIO for Wealth & Investment Management Darrell Cronk says the April labor data was exactly what the Fed wanted to see on 'Making Money.'

The days of noncompete agreements might be numbered, and that bodes well for advisors seeking to jump from broker-dealers to RIAs.

National Company Law Appellate Tribunal Tuesday ordered lifting of lien on IL&FS Transportation Networks Limited's (ITNL) terming Maharashtra tax department's attachment of the account and creating a lien as contrary to its previous decision. The NCLAT in its October 2018 order had said that authorities cannot initiate recovery proceedings against IL&FS or its entities. The October 2018 order prevents «the institution or continuation of suits or any other proceedings by any party or person or Bank or Company, etc.