Monday, Sep 24 2018 | Time 09:39 Hrs(IST)
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  • PML-N, PPP mulling joining hands in bypolls
  • Karvan-e-Aman bus leaves for PoK
  • Two revenue officials killed in Kupwara accident
  • Major infiltration bid foiled, two militants killed in Kupwara
  • UN chief censures militant attack on south-west Iran
  • Three injured in Imphal blast
  • New US, China tariffs set to take effect, no compromise in sight
  • Opposition leader Solih says he has won Maldives election
  • Cuba's new president makes first trip to old Cold War foe United States
  • Opp Presidential candidate Solih wins Maldives polls: Reports
  • Maldives opposition candidate says he has won presidential election
  • Asia Cup : Rohit, Dhawan guide India to victory
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South Africa's central bank denies directing banks on KPMG ties

JOHANNESBURG, Oct 6 (Reuters) South Africa's central bank said on Friday it had not given banks any instructions on their relationships with KPMG as a result of a scandal involving the auditing firm.
Sources told Reuters last week that the central bank had told top South African lenders they cannot fire KPMG, because this might undermine financial stability.
"The South African Reserve Bank would like to state categorically that it has not instructed banks on what steps they should, or should not take, with regards to their contracts with KPMG," the central bank said in a statement.
KPMG sacked its South African leadership last month after it said it had found work done for companies owned by the Gupta family, who are close friends of President Jacob Zuma, "fell considerably short" of its standards.
The Guptas and Zuma have denied any wrongdoing.
Several companies have fired KPMG as a result of its alleged involvement in the scandal, with South Africa's branded consumer products firm AVI Limited the latest firm to drop the global auditor.
Governor Lesetja Kganyago said on Sept. 21 the central bank was concerned about "regrettable" practices at KPMG and would engage banks and audit firms so that the regulator was better placed to manage any financial stability risk.
"These engagements have taken place but at no point did the SARB instruct banks on how they should deal with KPMG," it said.
KPMG South Africa's chief executive on Thursday told lawmakers the company would implement reforms to ensure the firm did not repeat "greatly disappointing" work it did for the Gupta family.
REUTERS AKC1549
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PML-N, PPP mulling joining hands in bypolls

24 Sep 2018 | 9:36 AM

Islamabad, Sep 24 (UNI) After party ways during the recent election for the key offices of Prime Minister and President and causing serious damage to the opposition’s unity, the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP) are now considering joining hands in the up coming by-elections.

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Opp Presidential candidate Solih wins Maldives polls: Reports

24 Sep 2018 | 2:12 AM

Male (Maldives) Sep 23 (UNI) Opposition presidential candidate Ibrahim Mohamed Solih, a longtime but low profile lawmaker, declared victory at his party’s campaign headquarters in the capital city Male in a contentious election, media reports said.

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UN Chief  'alarmed' by ceasefire violations in Libya; condoles loss of lives

UN Chief 'alarmed' by ceasefire violations in Libya; condoles loss of lives

23 Sep 2018 | 10:22 AM

United Nations, Sep 23 (UNI) United Nations Secretary-General António Guterres has said he is 'alarmed by the increasing number of violations of the ceasefire' in Libya's capital Tripoli, and condoled loss of lives in violence.

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Pakistan FM in US to attend UNGA session

Pakistan FM in US to attend UNGA session

23 Sep 2018 | 9:33 AM

Islamabad, Sep 23 (UNI) Pakistan Foreign Minister Shah Mahmood Qureshi has reached the United States to participate in the UN General Assembly (UNGA) session where he will present Islamabad's stance on host of issues including Kashmir.

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WB Vice President Hartwing Schafer due tomorrow to discuss Rohingya issue in Bangladesh

22 Sep 2018 | 10:23 PM

Dhaka, Sep 22 ( UNI) World Bank Vice President for the south Asia Region, Hartwing Schafer will arrive tomorrow to further deepen the longstanding partnership between Bangladesh and the World Bank Group and discuss how to help the country cope with the Rohingya crisis.

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