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Legislation Regulations

  • BRUSSELS, March 27- A "small handful" of companies may have given misleading information when they sought approval for their mergers, Europe's competition commissioner said on Monday, putting the companies at risk of sanctions and fines should regulators find proof of wrongdoing. The comments by Margrethe Vestager came as she weighs up Facebook's response to...

  • A worry for Prime Minister Shinzo Abe is that a bankruptcy would give President Donald Trump cause to criticise Japanese firms operating in the United States. "Westinghouse is a major employer and nuclear industry company with ongoing nuclear new build projects in two different states, one of which is supported by U.S. Department of Energy loan guarantees,"...

  • RIYADH, Saudi Arabia— Saudi Arabia on Monday reduced the tax rate for Saudi Aramco as plans move forward to publicly list shares of the state-owned oil giant. The new code, rolled out by royal decree from King Salman, taxes Aramco at 50 percent on income retroactively starting Jan. 1. The government is preparing to list less than 5 percent of Aramco, possibly by next...

  • SEOUL, March 27- Tech giant Samsung Electronics Co Ltd said on Monday it plans to sell refurbished versions of the Galaxy Note 7 smartphones that were pulled from markets due to fire-prone batteries. Samsung said in a statement it will determine in which markets it will sell the refurbished Note 7 s after discussions with relevant regulatory authorities and...

  • LONDON, March 27- Britain's BT has been fined a record 42 million pounds by the regulator for failing to install high-speed lines for businesses fast enough, in an error that is likely to cost the company around 300 million pounds in compensation. BT, which runs Britain's major telecoms network, misused the terms of its contracts to reduce compensation payments...

  • A worry for Prime Minister Shinzo Abe is that a bankruptcy would give President Donald Trump cause to criticise Japanese firms operating in the United States. "Westinghouse is a major employer and nuclear industry company with ongoing nuclear new build projects in two different states, one of which is supported by U.S. Department of Energy loan guarantees,"...

  • Hope to finalise Basel III this year: ECB board member

    Sabine Lautenschlaeger, executive board member at the European Central Bank, also speaks about the Trump administration's stance on financial regulation.

  • BEIJING, March 27- Industrial and Commercial Bank of China Ltd has appointed Sheila Bair, the former head of the U.S. Federal Deposit Insurance Corporation, as an independent non-executive director. In November, Agricultural Bank of China Ltd agreed to pay a $215 million fine as part of a consent order published by New York's Department of Financial Services for...

  • BRUSSELS— The European Union approved the proposed merger of Dow Chemical and DuPont on Monday, declaring itself satisfied with commitments the companies have made to divest businesses. Both plan to join in a $62 billion deal and then break apart into three separate, publicly traded companies. Part of Dow's petrochemical business also will be sold—...

  • LONDON, March 27- Britain's BT has been fined a record 42 million pounds by the regulator for failing to install high-speed lines for businesses fast enough, in an error that is likely to cost the company around 300 million pounds in compensation. The company, which runs Britain's major telecoms network, misused the terms of its contracts to reduce compensation...

  • The software that monitors financial firms' employees

    Behavox CEO Erkin Adylov discusses the market for his compliance-monitoring software.

  • WASHINGTON, March 26- President Donald Trump will sign an order on Tuesday aimed at making it easier for companies to produce energy in the United States, administration officials said on Sunday. Trump plans to sign the executive order at the EPA to reduce "unnecessary regulatory obstacles that restrict the responsible use of domestic energy resources," a White...

  • Europe's medicines regulator has recommended the suspension of generic drug approvals due to "unreliable" tests conducted by an Indian firm.

  • As Pennsylvania's governor touts the potential for billions of dollars in new investment by petrochemical manufacturers, his environmental agency is struggling to process applications to drill the natural gas wells that will be needed to supply the fledgling industry. The regulatory logjam is hurting Pennsylvania's competitiveness with other shale...

  • BEIJING, March 25- A Chinese court has ruled in favor of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported. Last May, a Beijing patent regulator ordered Apple's Chinese subsidiary and a local retailer Zoomflight...

  • BEIJING, March 25- A Chinese court has ruled in favour of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported. Last May, a Beijing patent regulator ordered Apple's Chinese subsidiary and a local retailer...

  • RIVERSIDE, Calif., March 24- California on Friday approved vehicle pollution targets that the Trump administration last week put on hold, setting up a potential face-off between federal and state regulators that could be expensive for automakers and a headache for consumers. Board Chair Mary Nichols invited the auto industry to suggest implementation...

  • NEW YORK— A federal judge ruled Friday that UPS ignored "red flags" that its brown trucks were being used to transport untaxed cigarettes from Indian reservations, but stopped short of imposing a $873 million penalty that regulators sought in the civil case. District Judge Katherine B. Forrest in Manhattan found Atlanta- based United Parcel Service Inc. liable...

  • The investors are asking a three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia to reconsider its earlier decision. Fannie Mae preferred gained about 1.6 percent to $6.86 a share while Freddie Mac preferred was up 3.1 percent to $3.17 a share. Instead, the Treasury Department required that the companies pay an amount equal to their...

  • WASHINGTON, March 24- Northern Trust Corp had shortcomings in its "living will" plans and has until year-end to update a proposal for how to unwind if it went bankrupt, U.S. regulators said on Friday as they granted an extension for four foreign banks to comply. The Fed and Federal Deposit Insurance Corp on Friday granted the extension and gave guidance to those four...