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Dollar sinks again after Fed remains cautious

Saheli 07 Apr 2016 300 Views

The dollar’s fall against the yen deepened on Thursday after minutes of the U.S. Federal Reserve’s most recent policy meeting offered little optimism over the state of global growth and the prospect of a rise in interest rates in June. The U.S. currency .DXY, hammered since late March by the ... Read More »

US university in Scalia law school acronym blunder
Education

US university in Scalia law school acronym blunder

Saheli 07 Apr 2016 369 Views

George Mason University in Virginia said its law school would be called the Antonin Scalia School of Law. The eagle-eyed immediately took to Twitter to point out that the acronym would be ASSoL. The university has since renamed it as the Antonin Scalia Law School. Image copyright@vijayprashad Image copyright@99percentsassy In ... Read More »

UCLA technology figures proper drug dose for individual patients
Health

UCLA technology figures proper drug dose for individual patients

Saheli 07 Apr 2016 401 Views

LOS ANGELES, April 6  — Researchers at the University of California Los Angeles created a platform to help doctors determine the right drugs and doses for patients based on their unique biological traits, according to a new study. The technological platform the researchers designed, Phenotypic Personalized Medicine, helped transplant doctors ... Read More »

Banks reject Mallya’s repayment proposal
News

Banks reject Mallya’s repayment proposal

Saheli 07 Apr 2016 308 Views

With the banks outrightly rejecting two offers made by businessman Vijay Mallya towards payment of dues totally worth Rs. 9000 crore, the Supreme Court on Thursday ordered him to file an affidavit on oath disclosing all assets as on March 31, 2016 in India and abroad, not only in his ... Read More »

U.S. moving money from Ebola fund to help fight Zika
Health

U.S. moving money from Ebola fund to help fight Zika

Saheli 07 Apr 2016 316 Views

WEDNESDAY, April 6, 2016 — The Obama administration is shifting $589 million in funding to prepare for likely outbreaks of Zika virus in the United States during the upcoming mosquito season, senior officials announced Wednesday. The money includes $510 million originally intended for fighting the Ebola virus, which officials said ... Read More »

Global funds drawn to India’s record $120 billion sour debt

Saheli 07 Apr 2016 401 Views

Global distressed asset buyers such as JC Flowers & Co and Apollo Global are flocking to India, where banks have been ordered to clean up an estimated $120 billion of bad and troubled loans. Bad loans at Indian banks jumped by nearly a third to around 4 trillion rupees ($60.3 ... Read More »

Too many school libraries ‘face cuts or closure’
Education

Too many school libraries ‘face cuts or closure’

Saheli 07 Apr 2016 427 Views

One head teacher decided “all reading can be done on iPads,” a delegate told the Association of Teachers and Lecturers’ annual conference. The union voted to lobby for libraries to be included in Ofsted inspections. A Department for Education spokeswoman said that school libraries “played a vital role”. Cathy Tattersfield ... Read More »

Study: No link between common epilepsy drug, certain birth defects
Health

Study: No link between common epilepsy drug, certain birth defects

Saheli 07 Apr 2016 345 Views

WEDNESDAY, April 6, 2016 — Despite initial concern from early studies, taking the epilepsy drug lamotrigine (Lamictal) during pregnancy may not raise the risk for certain birth defects, a large new study finds. “An initial study of this drug showed an increased risk for cleft lip or cleft palate, but ... Read More »

France to put Panama back on list of tax havens: French finance minister

Saheli 07 Apr 2016 385 Views

PARIS: France will put Panama back on its list of countries that do not cooperate in efforts to track down tax dodgers, finance minister Michel Sapin said in the wake of the Panama Papers revelations. “France has decided to put Panama back on the list of uncooperative countries, with all ... Read More »

IITs to hike fees from Rs. 90,000 to Rs. 2 lakh for UG courses
News

IITs to hike fees from Rs. 90,000 to Rs. 2 lakh for UG courses

Saheli 07 Apr 2016 345 Views

The annual fee for undergraduate courses at IITs has been hiked by more than double, sources in the Human Resource Development (HRD) Ministry said on Thursday. The annual fee has been hiked from Rs. 90,000 to Rs. 2 lakh. Confirming the development, a senior official at HRD Ministry said: “The ... Read More »

Oil futures jump on output freeze hopes; glut hurts physical prices

Saheli 07 Apr 2016 320 Views

SINGAPORE: Crude futures jumped on Wednesday as hopes for an agreement among exporters to freeze output underpinned the market, although persistent global oversupply and Iran’s plans to boost production pressured physical oil prices. Oil futures recovered from one-month lows to end the previous session up after the Kuwaiti governor for ... Read More »

Pfizer scraps $160 billion merger with Allergan

Saheli 07 Apr 2016 328 Views

NEW YORK: US pharmaceutical giant Pfizer said Wednesday it was abandoning plans for a $160 billion merger with Allergan, citing new US rules cracking down on tie ups aimed at saving on taxes. The deal with the Irish-based firm would have created the world’s largest pharmaceutical company. Pfizer said in ... Read More »

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