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Legislation Regulations

  • PORTLAND, Maine— An executive order by President Donald Trump designed to radically cut back on federal regulations has spurred disagreement among fishermen about how it will affect them— and lawmakers and regulators aren't sure what the answer is. Several fishing groups, ranging from the Alaska Longline Fishermen's Association to the Massachusetts...

  • NEW YORK, Feb 23- Chinese telecom equipment maker ZTE Corp has been granted a slightly longer reprieve from export restrictions imposed by the U.S. government as it seeks to resolve a probe of alleged violations of U.S. sanctions on Iran. But the latest window is smaller than earlier 90- day reprieves granted by the Commerce Department, which keeps the pressure on...

  • Lyft mustache logo

    Lyft added 50 new cities on Thursday, including Topeka, Bismarck, Cedar Rapids, Des Moines, Columbus and Birmingham.

  • NEW YORK, Feb 23- Chinese telecom equipment maker ZTE Corp has been granted a new reprieve from export restrictions imposed on the company by the U.S. government. In an online posting on Thursday, the U.S. Commerce Department extended ZTE's temporary export license until March 29. The extension allows U.S. firms to continue to supply the Chinese company with...

  • LONDON, Feb 23- Three of the world's biggest exchanges are launching precious metals contracts in London this year, each aiming for a chunk of the city's $5- trillion- a-year gold business. The London Metal Exchange, CME and ICE see an opportunity as increasing regulatory scrutiny is raising costs for banks trading gold over the counter in bilateral deals.

  • Tourists take a picture with the market bull near the New York Stock Exchange in New York City.

    Anyone wondering whether the business community is behind Trump only needs to look at markets for answers, in the view of Mnuchin.

  • South Africa's Competition Commission said last week that it had found more than a dozen local and foreign banks had colluded to coordinate trading in the rand and the U.S dollar using an instant chat room called ZAR Domination, a reference to the rand's official currency market code. Local lender Standard Bank, which is also among the 17 named in the...

  • Steven Mnuchin

    The Trump administration appointee said he is "primarily focused on middle-class" tax cuts.

  • *Positive results for Relvar Ellipta lung function study in patients with well-controlled asthma. *Patients randomised to FF/VI taken once-daily maintained lung function versus those randomised to twice-daily FP/SAL, meeting study's primary endpoint. *GSK now intends to submit this data to European Medicines Agency.

  • NEW YORK, Feb 23- Interdealer broker NEX Group Plc, formerly known as Icap, has invested in a RSRCHXchange, a London- based startup that runs an online marketplace for research on stocks, as regulatory changes in Europe and pressure on asset management fees spur innovation in the equity research sector. The company will use the injection of cash develop the...

  • WASHINGTON— When a summer thunderstorm knocked out power to Scott Pruitt's home three years ago, the then-attorney general of Oklahoma reached out to a lobbyist for American Electric Power. The 2013 email exchange is one of dozens reviewed by The Associated Press that underscore the cozy ties between the new head of the Environmental Protection Agency and...

  • 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's main stock indexes snapped a three-session winning streak to end lower on Thursday, as expectations of new asset management rules and property taxes weighed on the market. China's central bank and other financial regulatory bodies are creating a universal framework for the oversight of the asset management industry, Chen Wenhui, the...

  • 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.