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Legislation Regulations

  • BEIJING, Feb 24- The Chinese securities regulator said it will ramp up regulation of rejected "back-door listings," as part of a wider overhaul of initial public offerings by Beijing. In a brief question and answer published on its website late on Friday, the China Securities Regulatory Commission said companies that have their first listing rejected will have...

  • BEIJING, Feb 24- China's insurance regulator said on Saturday it would force three major insurers to take steps to deal with overseas investments that had violated regulations, as Beijing intensifies its crackdown on risk in the insurance sector. In three separate statements, the China Insurance Regulatory Commission said investments abroad by Ping An...

  • NEW YORK, Feb 23- General Electric Co faces potential legal action by the U.S. Department of Justice over allegations that its GE Capital unit and now-defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday. "WMC and GE Capital will explore whether an acceptable settlement of this matter...

  • NEW YORK, Feb 23- General Electric Co faces potential action by the U.S. Justice Department over allegations that its GE Capital unit and now defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday. "WMC and GE Capital will explore whether an acceptable settlement of this matter can be...

  • Gas oil North Dakota

    A U.S. District Court judge has blocked the Interior Department from suspending an Obama-era methane emissions rule.

  • Feb 23- KemPharm Inc said on Friday the U.S. Food and Drug Administration approved its opioid painkiller Apadaz for the short-term management of acute pain, sending the shares of the drugmaker up as much as 36 percent in late afternoon trading. The company, prior to rejection by the regulator in 2016, had tried for an abuse-deterrent label for the drug but an...

  • Feb 23- KemPharm Inc said on Friday the U.S. Food and Drug Administration approved its opioid painkiller Apadaz for the short-term management of acute pain. The FDA had said intranasal abuse of the opioid-based product was a relevant concern. KemPharm said the Drug Enforcement Administration intends to schedule Apadaz as a C-II product.

  • FRANKFURT, Feb 23- Li Shufu, the chairman and main owner of Chinese carmaker Geely, has built a stake of 9.69 percent in Daimler AG, the German carmaker said in a regulatory filing on Friday. The stake, worth nearly $9 billion at the current valuation for Daimler shares, makes Li the biggest single shareholder in the maker of Mercedes Benz cars, trucks and vans...

  • WASHINGTON, Feb 23- Two Democratic U.S. senators on Friday urged Attorney General Jeff Sessions to thoroughly investigate Daimler AG after a media report alleged the automaker used potentially illegal software to pass diesel emissions tests, according to a letter seen by Reuters. German newspaper Bild am Sonntag had reported on Sunday that U.S....

  • WASHINGTON, Feb 23- Two Democratic U.S. senators on Friday urged Attorney General Jeff Sessions to thoroughly investigate Daimler AG after a media report alleged the automaker used potentially illegal software to pass diesel emissions tests, according to a letter seen by Reuters. German newspaper Bild am Sonntag had reported on Sunday that U.S....

  • Co-founder and CEO of Airbnb Brian Chesky speaks during an interview in Langa township, Cape Town, South Africa March 17, 2017.

    Airbnb Chief Executive Brian Chesky spoke of coming to terms with his responsibility for how the company can impact housing markets and neighborhoods.

  • SHANGHAI, Feb 23- China shares extended their rebound on Friday, shrugging off Beijing's seizure of high-flying conglomerate Anbang Insurance Group amid signs the government is once again supporting the country's stock markets after their recent rout. Anbang had violated laws and regulations which "may seriously endanger the solvency of the company", the...

  • BEIJING, Feb 23- China's insurance regulator on Friday said insurers must take steps to handle fraud risks and that it has issued new guidelines for the industry. The regulator said in a statement it would take charge of anti-fraud measures for the insurance sector and seek to improve coordination among relevant authorities to prevent and mitigate fraud...

  • *Anbang chairman Wu Xiaohui prosecuted. BEIJING/ SHANGHAI, Feb 23- The Chinese government on Friday seized control of Anbang Insurance Group Co Ltd and said its chairman had been prosecuted, a dramatic move that highlighted Beijing's willingness to curtail big-spending conglomerates as it cracks down on financial risk. Wu was arrested in June as troubles...

  • DUBAI, United Arab Emirates— Djibouti has seized control of a container terminal run by Dubai- based port operator DP World, the latest move in a long-running legal dispute over the facility in the East African nation. The statement blamed the seizure on DP World's refusal to "settle amicably," likely a reference to international arbitration between the port firm...

  • BEIJING/ SHANGHAI, Feb 23- The Chinese government on Friday seized control of Anbang Insurance Group Co Ltd, one of China's biggest insurance conglomerates, in a dramatic move that underscores Beijing's intent to crackdown on financial risk. Anbang's chairman and key shareholder, Wu Xiaohui, had also been prosecuted for economic crimes, the China Insurance...

  • SAN FRANCISCO, Feb 22- Home-booking company Airbnb has sparred with regulators across the globe, but Chief Executive Brian Chesky on Thursday spoke of coming to terms with his responsibility for how the company can impact housing markets and neighborhoods. A person familiar with the matter previously told Reuters that Airbnb's revenue last year topped $2.5...

  • BEIJING/ SHANGHAI, Feb 23- Anbang Insurance Group Co Ltd, one of China's biggest insurance conglomerates, has been taken over by the country's insurance regulator for one year, and its chairman has been prosecuted for economic crimes. The China Insurance Regulatory Commission said in a statement on Friday that it will maintain the group as a private company, even...

  • Feb 23- Japanese electronics maker Sharp Corp has dropped legal action to block China's Hisense Group from selling television in North America, the Nikkei business daily reported on Friday. In September, the U.S. International Trade Commission had agreed to probe certain Wi-Fi enabled devices and their parts after Sharp accused Hisense of infringing its...

  • SAN FRANCISCO, Feb 22- Shares of gunmakers American Outdoor Brands and Sturm Ruger& Company rallied on Thursday after U.S. President Donald Trump advocated tightening background checks for guns in response to last week's high school massacre in Florida. "What Trump has been saying is a complete surprise," said Aegis Capital analyst Rommel Dionisio, who covers...