×

Legislation Regulations

  • RIO DE JANEIRO/ BRASILIA, July 24- Brazil's government will announce an expected increase in mining royalties and the creation of a new agency to regulate the industry in a bid to inject new life in Brazilian mining, two sources with knowledge of the matter told Reuters on Monday. The sources gave no details of the royalty increases and said they would be put into...

  • LONDON, July 24- Britain's anti-fraud regulator has opened an investigation into suspected corruption in Australian-British miner Rio Tinto Plc's business conduct in the Republic of Guinea, the agency said. In November Rio Tinto said it had become aware of emails that referred to unexplained payments of $10.5 million in connection with the Simandou iron...

  • July 24- Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators. Earlier this month, Qualcomm filed a complaint with the U.S. International Trade Commission seeking to ban iPhones that use chips "other than those supplied by Qualcomm affiliates."

  • *Says recently got $300 mln unsecured loan from Morgan Stanley. LONDON, July 24- Chinese conglomerate HNA Group has pushed back against media reports that it faces mounting pressure from bankers and regulators, even as it announced a shareholding shake-up in a bid to quash concerns over its ownership. "I think we are operating our company legally, we have nothing...

  • July 24- Alphabet Inc reported a 27.7 percent drop in quarterly profit as the company recorded a previously announced charge related to a record $2.7 billion fine imposed on its Google unit by the EU. EU antitrust regulators last month hit Google with a record 2.4- billion-euro fine for favoring its own shopping service, taking a tough line in the first of three...

  • SAN FRANCISCO— Google's parent company Alphabet can easily afford the $2.7 billion write-down it's taking to cover a big antitrust fine in Europe. The regulators not only imposed a huge fine, they also insisted that Google change the way it provides search results in Europe. Alphabet is still mulling an appeal of that ruling, which could take years to get through...

  • *CEO Tan says HNA has strong r'ship with its main Wall St banks. LONDON, July 24- HNA Group CEO Adam Tan has pushed back against media reports that the Chinese aviation-to-financial services conglomerate faces mounting pressure from its bankers and regulators, even as the pace of its acquisitions slows. Tan told Reuters in a wide-ranging interview on Monday that...

  • BERLIN/ FRANKFURT, July 24- Volkswagen will hold a special supervisory board meeting on Wednesday to discuss allegations that German carmakers operated a wide-ranging cartel, a source familiar with the matter said on Monday. The European Commission said on Saturday that antitrust regulators were investigating a possible German auto industry cartel...

  • LONDON, July 24- Britain's anti-fraud regulator said it has opened an investigation into how the miner Rio Tinto conducted business in the Republic of Guinea. "The Serious Fraud Office has opened an investigation into suspected corruption in the conduct of business in the Republic of Guinea by the Rio Tinto group, its employees and others associated with it," the...

  • BRUSSELS, July 24- Online campaigns group Avaaz has called on European Union antitrust regulators to block Bayer's purchase of Monsanto, saying it would hurt innovation and competition and push up prices. Avaaz said in a letter to European Competition Commissioner Margrethe Vestagerhad that more than one million people had signed its petition opposing the...

  • *STOXX 600 ends down 0.2 pct. *Julius Baer jumps on biggest inflows since fin crisis. LONDON, July 24- European shares dipped on Monday with automakers hitting their lowest level this year after anti-trust regulators opened an investigation, while price war worries hurt airlines.

  • July 24- U.S. Food and Drug Administration scientists on Monday expressed concern that Intellipharmaceutics International Inc had failed to provide adequate data on the abuse potential of its long-acting opioid painkiller. In a preliminary review, FDA staffers said Intellipharma had not submitted abuse-liability study data as part of its application to...

  • BRUSSELS, July 24- Online campaigns group Avaaz has called on European Union antitrust regulators to block Bayer's purchase of Monsanto, saying it would hurt innovation and competition and push up prices. Avaaz said in a letter to European Competition Commissioner Margrethe Vestagerhad that more than one million people had signed its petition opposing the...

  • Recode's Kara Swisher: Dems have been tech-friendly but some antitrust statements are not

    Kara Swisher, Recode, talks about Congressional Democrats like Sen. Cory Booker (D-N.J.) taking aim at the Amazon-Whole Foods deal and other tech names for antitrust concerns.

  • July 24- U.S. Food and Drug Administration scientists on Monday raised concerns that Intellipharmaceutics International Inc failed to provide data from studies testing the abuse potential of its long-acting opioid painkiller. Both painkillers contain oxycodone- one of three leading drugs involved in prescription opioid deaths- according to the Centers...

  • July 24- U.S. Food and Drug Administration scientists on Monday raised concerns that Intellipharmaceutics International Inc failed to provide data from studies testing the abuse potential of its long-acting opioid painkiller. Canada- based Intellipharma's product, Rexista, has been developed as a unique abuse-deterrent version of Purdue Pharma's...

  • LONDON, July 24- Another wobble for European autos shares on Monday has put the regional sector on track for its worst two-day run in more than a year pointing to heightened investor caution ahead of results due over the coming week. Shares of Europe's leading carmakers fell on Monday following news that EU anti-trust regulators were investigating possible...

  • BERLIN/ FRANKFURT, July 24- Volkswagen will hold a special supervisory board meeting on Wednesday to discuss allegations that German carmakers operated a wide-ranging cartel, a source familiar with the matter said on Monday. The European Commission said on Saturday antitrust regulators were investigating a possible German auto industry cartel following...

  • 'Cartel' elements in the German car industry worrying investors: Pro

    "Cartel" elements of the German car industry being investigated by the European Commission are a concern for investors, Maurits Heldring, senior equity research expert at ABN AMRO Private Bank said.

  • *STOXX 600 down 0.1 pct. *Julius Baer jumps on biggest inflows since fin crisis. LONDON, July 24- European shares dipped on Monday with the autos sector hitting its lowest level this year after anti-trust regulators opened an investigation into regional carmakers while price war worries hurt airlines.