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  • *Russia in dire need of cash as oil prices slide. MOSCOW, Feb 2- Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell. The preliminary privatisation plan, aimed at preventing the state budget deficit from ballooning, coincides with a second year of recession for...

  • HONG KONG, Feb 2- Hong Kong's securities regulator said on Tuesday Goldman Sachs failed to follow sections of the city's takeovers code when it acted as financial adviser for Wing Hang Bank Ltd in a $5 billion offer for the Hong Kong lender in 2014.. Goldman's "conduct fell far short of the standards expected" as the New York- based firm did not comply with...

  • SHANGHAI, Feb 2- China's anti-monopoly regulator has fined five domestic drug firms a total of close to 4 million yuan for fixing the prices of their medicines, the watchdog said on Tuesday, as the country battles to keep medicine prices down. The fine, though relatively small, indicates China's anti-trust watchdogs may be turning attention towards medicines, a...

  • China fines domestic drug firms for price fixing Monday, 1 Feb 2016 | 11:40 PM ET

    SHANGHAI, Feb 2- China's anti-monopoly regulator has fined five domestic drug firms a total of close to 4 million yuan for fixing the prices of their medicines, the watchdog said on Tuesday, as the country battles to keep medicine prices down. The fine, though relatively small, indicates China's anti-trust watchdogs may be turning attention towards medicines, a...

  • WASHINGTON, Feb 1- Volkswagen AG faces a Feb. 2 deadline to submit a repair plan for 80,000 diesel SUVs and larger cars that emit excess pollution, even as it considers buying back some vehicles and a prior fix plan for smaller vehicles was rejected. The second largest automaker still hasn't announced any timetable for winning approval from U.S. and California...

  • WASHINGTON, Feb 1- The main U.S. derivatives regulator on Monday urged the European Commission to quickly finish its work on "equivalence," which would allow European companies to use U.S. clearinghouses for swaps when new EU bank rules come online later this year. But Brussels and Washington have been locked in negotiations over whether their clearing rules are...

  • Feb 1- Lumber Liquidators Inc will pay $13.2 million in fines and forfeitures to resolve a U.S. Department of Justice investigation into the import of certain flooring products in 2013, the Environmental Investigation Agency said. The penalties include $7.8 million in criminal fines, $1.23 million in community service payments, $969,175 in forfeited...

  • Dawn Bennett, chief executive officer of Bennett Group Financial Services LLC., in Washington, DC, and her lawyers have skipped the proceeding, which began last Wednesday and ends on Monday, following testimony from a final SEC witness. The SEC filed civil charges against Bennett last year alleging that she used her paid radio program to grossly inflate the...

  • BEIJING, Feb 1- China's foreign exchange regulator said it has not asked institutions to defer the launch of new products under the Qualified Domestic Institutional Investor program, according to a post on its official microblog on Monday. The statement follows a report by financial magazine Caixin on Saturday that quoted unidentified sources from fund...

  • HONG KONG, Feb 1- MSCI will exclude from its global indices Hong Kong stocks that have been warned by the local regulator over their high concentration of shareholders, the benchmark provider said on Monday, in a blow to Hong Kong's reputation as a financial centre. The new rules come amid growing investor concerns over market manipulation of Hong Kong stocks,...

  • COLUMBUS, Ohio— Just as former Ohio Treasurer Kevin Boyce thought a bribery scheme that sent his ex-deputy to federal prison was behind him, federal securities regulators released a report that placed Boyce in the room at a meeting where contributions were demanded for state business. "This is a very, very serious allegation and all along it seemed to me that...

  • Coke takes minority stake in Nigerian drink, snack maker Saturday, 30 Jan 2016 | 12:16 PM ET

    The world's biggest beverage maker says the agreement will allow it to increase its ownership of Chi Ltd to 100 percent within three years, pending regulatory approvals. Coke and Chi's parent company, Tropical General Investments Group, have also agreed to explore other opportunities in the region. The deal is part of Coca-Cola Co.' s plans to boost investment...

  • Berkshire resumes buying Phillips 66 stock Saturday, 30 Jan 2016 | 12:14 PM ET

    Jan 30- Berkshire Hathaway Inc, the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as the oil refiner's profit margins narrowed. According to a regulatory filing on Friday night, Berkshire paid about $198 million this week for 2.54 million Phillips 66 shares, its...

  • Sen. Elizabeth Warren releases 'Rigged Justice' report

    CNBC's Eamon Javers reports Senator Elizabeth Warren (D-Mass.) is releasing a scathing report on the justice system.

  • DUESSELDORF, Germany, Jan 29- Germany's anti-trust regulator said on Friday it was investigating a possible cartel of companies making agricultural machinery, particularly tractors. It did not name any targets of the probe. German agricultural trading group Baywa said the cartel office had searched its headquarters earlier this week on suspicion that some...

  • WASHINGTON, Jan 29- Democratic U.S. Senator Elizabeth Warren released on Friday a report criticizing what she called "shockingly weak" punishments for corporate crimes and condemned the Justice Department and Securities and Exchange Commission for their lax approach. Warren, a favorite among progressives, criticized the Justice Department and federal law...

  • SACRAMENTO, Calif.— California regulators deciding how to permit the future rollout of self-driving cars have been told by consumer advocates that their cautious approach was right on, and by companies developing the technology that the current course will delay deployment of vehicles that promise huge safety benefits. The state's Department of Motor...

  • SHANGHAI, Jan 29- Alibaba Health Information Technology Ltd's role in a regulatory platform tracking drug sales was brought into the spotlight after a pharmacy chain said it had filed a lawsuit alleging the arrangement gave Ali Health an unfair advantage. Hunan- based Yontinhe Group posted a notice on its website on Tuesday which said it was suing the China...

  • Regulators: Rooftop solar customers keep credit Thursday, 28 Jan 2016 | 7:08 PM ET

    FRESNO, Calif.— California homeowners and businesses installing rooftop solar panels can keep offsetting their energy bills by sending surplus power back to the grid, regulators said Thursday in a decision celebrated by the solar industry. Southern California Edison, San Diego Gas& Electric and Pacific Gas& Electric pressed the commission to charge solar...

  • The New York Department of Financial Services extended the deadline to March 31 from Feb. 1 on Wednesday to get more public input, a spokesman said on Thursday. Under the draft regulations, unveiled by New York Governor Andrew Cuomo in December, compliance officers could face criminal penalties for filing incorrect or false certifications about the...