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Legislation Regulations

  • SYDNEY, May 24- New Zealand regulators on Thursday asked the chief executives of life insurers operating in the country, including AMP, to demonstrate they do not struggle with the same conduct risks as their Australian counterparts. The major banks in New Zealand are all owned by Australia's "Big Four"- Commonwealth Bank of Australia, Westpac Banking Corp,...

  • The federal government is paying close attention to state efforts to help residents manage new limits on state and local tax deductions.

  • WASHINGTON, May 23- A leading U.S. bank regulator on Wednesday said banks should consider offering more short-term, small-dollar loans, inviting the industry to engage in lending it had once actively discouraged. The new guidance from the Office of the Comptroller of the Currency makes explicit that the regulator would be open to banks offering such...

  • LONDON, May 23- United Company Rusal resumed shipping aluminium to some customers last week following an extension of the deadline for companies to wind down contracts with the Russian firm under U.S. sanctions, sources said. The U.S. Treasury Department moved its deadline for U.S. consumers to wind down business with Rusal to Oct. 23 from June 5 previously and...

  • LONDON, May 23- United Company Rusal resumed shipping aluminum to some customers last week following an extension of the deadline for companies to wind down contracts with the Russian firm under U.S. sanctions, sources said. The U.S. Treasury Department moved its deadline for U.S. consumers to wind down business with Rusal to Oct. 23 from June 5 previously and said...

  • LONDON, May 23- United Company Rusal resumed shipping aluminum to some customers last week following an extension of the deadline for companies to wind down contracts with the Russian firm under U.S. sanctions, sources said. The U.S. Treasury Department moved its deadline for U.S. consumers to wind down business with Rusal to Oct. 23 from June 5 previously and said...

  • LONDON, May 23- United Company Rusal resumed shipping aluminium to some customers last week following an extension of the deadline for companies to wind down contracts with the Russian firm under U.S. sanctions, sources said. The U.S. Treasury Department moved its deadline for U.S. consumers to wind down business with Rusal to Oct. 23 from June 5 previously and...

  • The request comes as the EPA expands its use of biofuel waivers in a way that has reduced regulatory costs for the oil industry by hundreds of millions of dollars in recent months, but which has also infuriated the powerful corn lobby. EPA has authority to grant waivers freeing small refineries from their obligation to mix biofuels such as ethanol into their...

  • WASHINGTON— Congress delivered a victory to President Donald Trump by expanding private care for veterans as an alternative to the troubled Veterans Affairs health system. The Senate cleared the bill on a 92-5 vote Wednesday, also averting a disastrous shutdown of its Choice private-sector program. The White House said Trump applauded passage of...

  • Signage is displayed at a BB&T Corp. bank branch in downtown Cincinnati, Ohio.

    The bill cuts dozens of large regional lenders off the list of banks considered too big to fail and frees all but the biggest banks from required annual stress testing by regulators.

  • But small business owners and tax advisers are still waiting for the IRS to write regulations and guidelines explaining and enforcing many parts of the law that is itself more than 500 pages long. The American Institute of Certified Public Accountants, a professional group, has asked the IRS to expedite regulations on business meals and the 20 percent...

  • Teva and Eli Lilly are in a race to put a second migraine drug on the market, after rival Amgen won FDA approval last week for Aimovig to prevent migraine headaches in adults. Lilly has said it expects an FDA decision on its galcanezumab drug by the third quarter. Teva said on Wednesday that the FDA's prescription drug user fee act action date was set for Sept. 16, when...

  • Pedestrians pass in front of a JPMorgan Chase & Co. bank branch in New York.

    Legislation that eases banking regulations has cleared the House and will head to President Trump, who is expected to sign it into law.

  • AngloGold employs roughly 8,200 people in South Africa, where mining companies have had to deal with the risk of volatile labour relations, rising costs, regulatory disruptions and technical issues. AngloGold closed a mine in South Africa and sold two others in the country to local rival Harmony and China's Heaven-Sent SA Sunshine last year.

  • The request comes as the EPA expands its use of biofuel waivers in a way that has reduced regulatory costs for the oil industry by hundreds of millions of dollars in recent months, but which has also infuriated the powerful corn lobby. EPA has authority to grant waivers freeing small refineries from their obligation to mix biofuels like ethanol into their fuel...

  • BUENOS AIRES, May 23- Despite Argentine President Mauricio Macri's pro-business policies, international mining companies are still reluctant to invest in Argentina amid a lack of regulatory clarity. "Conditions in Argentina are not sufficient for a company to take on the risk of staying here 30 years," Mining Secretary Daniel Meilan told Reuters in an...

  • BUENOS AIRES, May 23- Despite Argentine President Mauricio Macri's pro-business policies, international mining companies are still reluctant to invest in Argentina amid a lack of regulatory clarity. "Conditions in Argentina are not sufficient for a company to take on the risk of staying here 30 years," Mining Secretary Daniel Meilan told Reuters in an...

  • People sitting at a bank of slot machines at the Wynn Hotel and Casino is seen in this 2009 photo in Las Vegas, Nevada.

    Shareholders of casino operator Wynn Resorts voted against the company's executive compensation plan at its annual meeting last week.

  • US tweaks to banking regulation is a positive: Institute of International Finance

    Timothy Adams, president and CEO of the Institute of International Finance, discusses contrasting approaches to banking regulation in the U.S. and Europe.

  • PARIS— French President Emmanuel Macron took on Facebook CEO Mark Zuckerberg and other internet giants Wednesday at a Paris meeting to discuss personal data protection and taxes as France pushes for tougher European regulations. Macron welcomed Zuckerberg and the leaders of dozens of other tech companies, including Microsoft, Uber, and IBM, at a "Tech for Good"...