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Lenders in a bind over excess Lebanese cash

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Banks are reporting a huge excess in cash in Lebanese pounds resulting from a swap operation engineered by the Central Bank earlier this year. “The Central Bank purchased around LL10 trillion [$6.6 billion] of Treasury bills and CDs held by commercial banks and paid them in advance the return on ...

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Clinton puts Trump on defensive in blistering debate

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Democrat Hillary Clinton accused Republican Donald Trump of racism, sexism and tax avoidance on Monday, putting him on the defensive during a debate that a snap poll said boosted her White House chances. Trump, a real estate tycoon making his first run for public office, said Clinton’s long years of ...

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Hariri launches flurry of talks to end vacuum

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Former Prime Minister Saad Hariri Monday kicked off a wide range of consultations with top leaders aimed at ending the vacuum in the country’s top Christian post amid sharp differences between the rival factions on who should be Lebanon’s next president. Hariri traveled to north Lebanon where he met with ...

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Rifi :Future endorsement of Frangieh ‘bad remedy’

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Resigned Justice Minister Ashraf Rifi Wednesday criticized Future Movement’s inflexible endorsement of Marada Movement leader MP Sleiman Frangieh for the presidency, saying that it brought the situation from bad to worse. The Future Movement’s parliamentary bloc Tuesday reiterated its commitment to supporting Frangieh as head of state, effectively dismissing any ...

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Third victim of Sidon boat accident dies in hospital

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A young man, who had been admitted to a south Lebanon hospital after the boat he was on capsized last week, has died, a source confirmed to The Daily Star Wednesday. Twenty-year-old Syrian national Khalil Ahmad Dakhil was announced dead early Wednesday, after having been in hospital for more than ...

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