Legislation Regulations

  • SAO PAULO, Sept 19- A Rio de Janeiro appeals court has determined that billions of dollars in fines owed to regulators by Brazil's Oi SA will be included in the company's bankruptcy recovery package, a ruling showed on Wednesday. Oi, Brazil's largest fixed line telecom company, entered bankruptcy in 2016, and in late 2017 creditors approved a plan to convert...

  • NEW YORK, Sept 19- Coinbase has hired finance executive Brian Brooks as chief legal officer, it said on Wednesday, as the cryptocurrency exchange grows its compliance and government affairs capabilities amid intensifying regulatory scrutiny of the nascent market. In that role he led the company's legal department and government relations group, and was a...

  • BISMARCK, N.D.— Five years and almost $100 million later, cleanup is complete on a massive oil pipeline leak in North Dakota that has been called one of the biggest onshore spills in U.S. history, industry and state officials said Wednesday. The spill by Tesoro, now known as Andeavor, was found by a Tioga farmer in September 2013. The Texas- based company and regulators...

  • BRUSSELS, Sept 19- Facebook may face sanctions because it has yet to comply with EU consumer rules while Airbnb has made the necessary changes in response to regulatory demands, EU sources said on Wednesday. Online platforms are under pressure in Europe because of their dominance and anti-competitive business practices, which have resulted in hefty fines...

  • BRUSSELS, Sept 19- European Union regulators are checking whether U.S. online retailer Amazon is using merchants' data in a way that stifles competition, Europe's antitrust chief said on Wednesday. The comments by European Competition Commissioner Margrethe Vestager come as the world's largest online retailer faces calls for more regulatory intervention...

  • *Tax deal in line with U.S., Luxembourg double taxation treaty. BRUSSELS, Sept 19- McDonald's avoided having to repay millions of euros in back taxes after EU antitrust regulators said that its tax deal with Luxembourg was not illegal, citing quirks in the Grand Duchy's bilateral tax treaty with the United States. "Our in-depth investigation has shown that the...

  • The U.S. Securities and Exchange Commission brought the complaint against Clovis Oncology Inc., of Boulder, and two company executives— CEO Patrick Mahaffy and former chief financial officer Erle Mast, the Daily Camera newspaper reports. In a complaint filed in U.S. District Court in Denver, federal regulators said Clovis Oncology reported in May 2015 that its...

  • Jeff Bezos

    The Commission has the power to fine companies up to 10 percent of their global turnover for breaching EU antitrust rules

  • BRUSSELS, Sept 19- EU regulators are quizzing merchants and others on U.S. online retailer Amazon's use of their data to discover whether there is a need for action, Europe's antitrust chief said on Wednesday. The comments by European Competition Commissioner Margrethe Vestager came as the world's largest online retailer faces calls for more regulatory...

  • LONDON, Sept 19- Shale gas developer Cuadrilla will start fracking at its Preston New Road site in northwest England in the next few weeks, it said on Wednesday as it announced government approval for a second well. But the British government, keen to cut its reliance on imports as North Sea supplies dry up, has tightened regulation of the industry and gave consent...

  • Sept 19- Britain's accounting watchdog said on Wednesday KPMG, one of the world's "Big Four" accounting firms, and one of its partners had admitted to misconduct in relation to their 2011 compliance reports for a unit of Bank of New York Mellon Corp and its London branch. The Financial Reporting Council said KPMG and partner Richard Hinton admitted to falling...

  • Sept 19- UK's financial regulator said on Wednesday KPMG and one of its partners had admitted to misconduct in relation to their 2011 compliance reports for a unit of Bank of New York Mellon Corp and its London branch.

  • WASHINGTON, Sept 18- The Trump Administration on Tuesday rolled back an Obama-era rule on emissions of the greenhouse gas methane from oil and gas operations on public lands in its latest step to ease regulations on the industry. David Bernhardt, the Interior Department's deputy secretary, said revisions to the rule reflect President Donald Trump's policy...

  • A replacement rule from the Interior Department rescinds mandates for companies to reduce gas pollution, which Trump administration officials say already is required by some states. It comes a week after the U.S. Environmental Protection Agency proposed weakening a separate methane emissions rule affecting private land and some public lands.

  • Sept 18- Insurance Commissioner Dave Jones on Tuesday filed a complaint on behalf of the State of California against AbbVie Inc, alleging the drugmaker gave illegal kickbacks to healthcare providers to prescribe its blockbuster drug, Humira. AbbVie shares fell 2.5 percent to $92.98 on Tuesday afternoon. The case...

  • WASHINGTON, Sept 18- Three U.S. banking regulators on Tuesday announced a 60- day open comment period on rules that define the acquisition and development of high volatility commercial real estate, according to a joint statement. The Federal Reserve, with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, intends to...

  • WASHINGTON, Sept 18- The Trump Administration is slated on Tuesday to roll back an Obama-era rule on emissions of the greenhouse gas methane from oil and gas operations on public lands in its latest step to ease energy industry regulations, environmental groups said. The Interior Department did not have an immediate comment on the rule but said it would have a...

  • MUMBAI, Sept 18- India plans to tighten rules to curb mis-selling of securities, market manipulation and insider trading, its financial market regulator said on Tuesday after considering recommendations by a panel. The measures were among a number of proposed regulatory changes announced by the Securities and Exchange Board of India after a quarterly board...

  • Mark Zuckerberg testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill April 11, 2018.

    The ACLU claims changes that Facebook made to its ads systems this year to prevent discrimination based on race, ethnicity, religion and other characteristics didn't extend to gender.

  • Chinese regulatory environment is a threat to European firms:EUCCC

    Mats Harborn of the European Union Chamber of Commerce in China explains why he describes regulation as "the real stumbling block for better business in China."