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Legislation Regulations

  • A commuter uses the smartphone app Grab in Singapore on December 4, 2015.

    Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber.

  • SHANGHAI, Feb 23- China stocks slid from 2-1/ 2 month highs on Thursday morning, with sentiment dampened after regulators circulated a draft plan of new rules for the asset management industry aimed a curbing financial risks. China's blue-chip CSI300 index fell 0.5 percent, to 3,472.43 at the end of the morning session, while the Shanghai Composite Index lost 0.4...

  • Chinese insurance regulator: No 'rich boys' club' please

    The China Insurance Regulatory Commission had tough words for "so-called financial crocs," warning that they should abide by regulations.

  • A push by the Newark, New Jersey- based insurer for Wells to cover its costs could become another headache for the San Francisco- based bank, whose sales practices have been under a spotlight. Last year, federal regulators ordered Wells Fargo to pay $190 million in fines and restitution because they said its high pressure sales environment pushed employees to...

  • SAO PAULO, Feb 22- State-run oil company Petroleo Brasileiro SA has alerted Brazil's electricity sector regulator that it would not supply natural gas for a new thermoelectric power plant under construction in the Amazon region. In a letter to regulator Aneel seen by Reuters, Petrobras said it would not sign a contract with state-led power utility Centrais...

  • A push by the Newark, New Jersey- based insurer for Wells to cover its costs could become another headache for the San Francisco- based bank, whose sales practices have been under a spotlight. Last year, federal regulators ordered Wells Fargo to pay $190 million in fines and restitution because they said its high pressure sales environment pushed employees to...

  • The center had sued Pruitt on Feb. 7, ahead of the Senate vote to confirm his nomination by President Donald Trump, to release the records detailing his communications with energy companies. Among the documents released were communications between Devon Energy and Pruitt's office that suggest the company gave the Oklahoma officials language on limits on...

  • TORONTO, Feb 22- British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other's markets, they said on Wednesday. The agreement between the UK's Financial Conduct Authority and the Ontario Securities Commission is meant to help fintech startups navigate regulations.

  • TORONTO, Feb 22- British and Canadian regulators have signed an agreement to make it easier for financial technology companies to expand in each other's markets, they said on Wednesday. The agreement between the UK's Financial Conduct Authority and the Ontario Securities Commission is meant to help fintech startups navigate regulations.

  • *Fed to release minutes at 2:00 p.m. ET. The company is set to win antitrust approval from European Union regulators for its $130 billion merger with Dow Chemical, sources told Reuters. Policymakers, including Fed Chair Janet Yellen, have been hinting at the possibility of a rate hike at an upcoming meeting.

  • NEW YORK— U.S. stocks slipped Wednesday after their recent record-setting run. Energy companies stumbled, but basic materials makers rose as investors hoped two large deals will win approval from regulators. DuPont and Dow Chemical rose after Reuters reported that European officials could approve their merger soon.

  • Tax cut 'reasonable possibility': Pro

    Joel Prakken, Macroeconomic Advisers, provides his outlook on the U.S. economy.

  • WASHINGTON, Feb 22- Jay Clayton, the deal-making lawyer President Donald Trump has chosen to lead the U.S. Securities and Exchange Commission, is expected to move swiftly after his confirmation to start smoothing the path for businesses seeking to raise money. Clayton could sit before the Senate Banking Committee for his confirmation hearing as soon as March 2,...

  • JAKARTA, Feb 22- Indonesia's biggest banks must write up plans for recovering from potential insolvency, a measure to ensure that authorities do not have to bail them out, the chairman of the banking regulator said on Wednesday. Indonesia's parliament last year passed a law that lays out rigid, step-by-step protocols on how authorities should handle a...

  • SHANGHAI, Feb 22- China's financial regulators have circulated a draft framework of new rules aimed at curbing risks in the country's booming asset management industry, according to several Chinese news outlets and details of the draft seen by Reuters. The rules, formulated by the central bank in conjunction with China's securities, banking and insurance...

  • CALGARY, Alberta, Feb 21- Part of the shut Enbridge Inc 2 A pipeline in Alberta will need to be drained for several days, Canada's National Energy Board said on Tuesday, and it is not clear when shipments will resume. The 959- km pipeline, which transports light crude as well as condensate between Edmonton and Hardisty in the province of Alberta, was shut following a...

  • BUENOS AIRES, Feb 21- Mobile phone company Nextel has been authorized to provide 4 G service in Argentina, becoming the fourth provider in the market, communications regulator Enacom said on Tuesday. In January 2016 Cablevision, a subsidiary of media firm Grupo Clarin, bought Nextel Communications Argentina, the No. 4 mobile phone operator in the country with 3...

  • SAN DIEGO, Feb 21- President Donald Trump on Tuesday assured ethanol industry advocates of their importance in U.S. energy strategy in an apparent bid to quell concerns over potential changes to policies that mandate the use of such renewable fuels. The comments came as Scott Pruitt took over as head of the Environmental Protection Agency and after Trump...

  • District Judge Kevin Castel in Manhattan said several claims in the proposed class action must fail because of a lack of evidence that the defendants conspired to restrain trade or because they involved foreign conduct. He also said only two of the six plaintiffs had antitrust standing: the California State Teachers' Retirement System, one of the world's...

  • The new head of the U.S. Environmental Protection Agency says America need not choose between jobs and the environment, in a nod to the energy industry, as the White House prepares executive orders that could come as soon as this week to roll back Obama-era regulation. The White House signals it is preparing to reverse a U.S. policy on transgender rights, raising...