Legislation Regulations

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday. The deal was on a listing of proposed transactions that won quick approval because the merging companies have few or no overlaps. The deal was announced on Aug. 1 and is part of an effort by Tesla to improve...

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday. The deal was on a listing of proposed transactions that have won "early termination." The deal was announced on Aug. 1 and is part of an effort by Tesla to improve economies of scale in electrical energy...

  • NEW YORK, Aug 25- U.S. The Commerce Department said on Thursday that non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, increased 1.6 percent last month. "We're trading a little heavy here after the data," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.

  • WASHINGTON, Aug 25- New orders for U.S. manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to ease. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy...

  • SHANGHAI, Aug 25- China should tighten its supervision of the micro-finance industry to guard against risks to financial stability, Chinese news outlet Caixin reported China central bank vice governor Chen Yulu saying at a Beijing conference on Thursday. Chen's comments come after the country's banking regulator on Wednesday released detailed rules to...

  • Mylan Epipen

    Regulators should consider how to intervene when there is just one supplier for a specific drug, says Frost & Sullivan's Rhenu Bhuller.

  • P2P China

    The PBOC needs to deal with the root of banks' bad debts and not just repackage the bad debt problem, says Macquarie Investment Mgmt's Sam Le Cornu.

  • The jump in three-month London U.S. dollar interbank offered rates, a benchmark for more than $300 trillion worth of securities around the globe, has stemmed from moves in the $2.7 trillion U.S. money market fund industry to sidestep new regulations that take effect on October 14. Treasury and other government-related securities in an effort to be exempt from...

  • A real estate agent places an ad for a house in the window display board.

    Prolonged low rates and dwindling liquidity for loans on the secondary market could grind home sales to a halt again.

  • TORONTO/ MEXICO CITY, Aug 24- Mexican regulators said they are examining whether mining company Goldcorp Inc broke any regulations in its handling of a long-running leak of contaminated water at Mexico's biggest gold mine. Levels of the mineral selenium rose in one groundwater monitoring well near Goldcorp's Penasquito mine as early as October 2013,...

  • HONG KONG, Aug 24- Hong Kong's securities regulator said it fined and reprimanded the local securities unit of Morgan Stanley for internal control failures related to disclosure of short selling orders and comprehensive documentation of electronic trading services. Morgan Stanley Hong Kong Securities Ltd was fined HK $18.5 million related to failures...

  • BEIJING, Aug 24- China's banking regulator issued tough new rules on Wednesday to tighten regulation of the country's $60 billion peer-to-peer lending sector, which has been dogged by scandals and fraud. Peer-to-peer lending platforms will not be able to take deposits, nor provide any forms of guarantee for lenders, according to a joint document issued by the...

  • NEW YORK, Aug 23- Fitbit Inc did not steal rival Jawbone's trade secrets, a U.S. International Trade Commission judge ruled on Tuesday, dashing Jawbone's hopes of securing an import ban against Fitbit's wearable fitness tracking devices. The judge, Dee Lord, said that there had been no violation of the Tariff Act, which gives the commission the power to block...

  • Apollo had enhanced its disclosure and compliance related to the matters at issue "long before the SEC inquiry began," the spokesman added. Between at least 2011 and 2015, the SEC said that Apollo advisers did not adequately disclose benefits they received by speeding up the payment of fees paid to them by companies in the funds' portfolios when those companies...

  • Gambling faces higher taxes and tighter regulations in Europe, and a series of mergers has intensified competition as firms market themselves to younger sports fans betting via mobile apps. Rank, whose business is predominantly in Britain where it owns the Mecca Bingo and Grosvenor Casinos chains, was still scouting for deals, its head said on Tuesday, after...

  • TAIPEI, Taiwan— Taiwan's financial regulator is investigating Mega Financial Holding Co. after New York state ordered its banking unit to pay a $180 million penalty and install an independent monitor for violating the state's laws against money laundering. Taiwan's Financial Supervisory Commission said in a statement seen Tuesday that it was looking...

  • In separate letters, top Republicans on the Senate Finance Committee and House Ways and Means Committee warned on Monday that Treasury is moving too quickly to adopt regulations to prevent overseas mergers known as tax inversions, in which U.S. firms relocate their headquarters in countries with lower corporate tax rates. "If the proposed regulations are not...

  • The relatively small settlement, disclosed in papers filed in federal court in Manhattan, resolves a 2011 lawsuit by the SEC accusing Mudd of misleading investors about Fannie Mae's exposure to risky mortgages before the crisis. Mudd was the last of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC in 2011 to reach a...

  • The relatively small settlement, disclosed in papers filed in federal court in Manhattan, resolves a 2011 lawsuit by the SEC accusing Mudd of misleading investors about Fannie Mae's exposure to risky mortgages before the crisis. Mudd was the last of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC in 2011 to reach a...

  • LONDON, Aug 22 (Reuters)- European stocks rose on Monday after falling the week before, as Swiss chemical company Syngenta gained after U.S. regulators cleared a takeover bid for the company by ChemChina. Syngenta rose up 10.6 percent, the top STOXX Europe 600 riser, after the Committee on Foreign Investment in the U.S. cleared ChemChina's $43 billion bid, making it...