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Barclays, Deutsche Bank in US tax scheme: Senate report

Barclays, Deutsche Bank in US tax scheme: Senate report

Last Updated: Tuesday, July 22, 2014, 22:01

Two of Europe`s largest banks, Barclays and Deutsche Bank, have sold complex financial products that allowed hedge funds to avoid US taxes, a Senate report said Tuesday.

US Senate Intelligence Committee approves cybersecurity bill

Last Updated: Wednesday, July 09, 2014, 09:55

The US Senate Intelligence Committee approved a bill on Tuesday to encourage companies to exchange information with the government on hacking attempts and cybersecurity threats, officials said.

Border crisis highlights US immigration reform failure

Last Updated: Saturday, June 28, 2014, 11:46

One year into congressional efforts to overhaul US immigration reform, the nation`s 11 million undocumented migrants are no closer to legal status, with a swelling humanitarian border crisis only highlighting the system`s dysfunction.

Mississippi Republicans battle in US Senate runoff

Last Updated: Tuesday, June 24, 2014, 22:37

Mississippi incumbent Thad Cochran was fighting for his political life in a Republican runoff for his US Senate seat Tuesday, seeking to repulse a surging conservative challenger bucking the party establishment.

Tea Party takes another stab at US Senate upset

Last Updated: Tuesday, June 03, 2014, 11:33

Several US states hold primary votes Tuesday ahead of November`s mid-term elections, with the Tea Party eying perhaps its best remaining chance to bounce an establishment Republican incumbent from the Senate.

Veteran of Obama cabinet favours normalising US-Cuba ties

Last Updated: Saturday, May 24, 2014, 10:30

Former US interior secretary Ken Salazar has said he favours "normalising" relations between his country and Cuba, and expressed optimism at the chances of seeing that happen in the next few years.

Fed nominee Fischer clears procedural hurdle in US Senate

Last Updated: Wednesday, May 21, 2014, 05:52

Stanley Fischer`s nomination to be vice chairman of the U.S. Federal Reserve cleared a key procedural hurdle in the Senate on Tuesday, virtually assuring that the noted economist will join the central bank`s board within days.

US Senate panel approves Venezuela sanctions

Last Updated: Wednesday, May 21, 2014, 03:18

A US Senate committee on Tuesday greenlighted new sanctions on Venezuelan officials responsible for violent crackdowns against anti-government student protesters that have left 42 people dead.

Manish Shah becomes first South Asian federal judge in Illinois

Last Updated: Friday, May 02, 2014, 21:00

Indian-American Manish Shah has been confirmed by the US Senate as a federal judge in Illinois, making him the first South Asian federal judge in President Barack Obama`s home state.

Republicans block US Senate bill on gender pay gap

Last Updated: Thursday, April 10, 2014, 15:55

Republicans have blocked a US Senate bill aimed at narrowing the pay gap between men and women, an election-year ritual that Democrats hope will help spur women to back them in this November`s congressional elections.

US senators to demand release of `torture report`

Last Updated: Thursday, April 03, 2014, 00:31

A US Senate panel appears likely to demand the release of a contentious torture report that has sharply divided lawmakers and the CIA.

US Senate drops IMF reforms from Ukraine aid

Last Updated: Wednesday, March 26, 2014, 03:54

US Senate Democrats bowed to Republican demands Tuesday that IMF reforms be removed from their Ukraine aid package, acknowledging it could not pass with the controversial changes intact.