Legislation Regulations

  • TORONTO, Feb 8- Canada's biggest securities regulator said on Friday that it was looking into Quadriga CX, as concerns grow that a regulatory gap leaves investors in the digital platform unprotected against potential losses. "Given the potential harm to Ontario investors, we are looking into this matter and have already been in contact with the monitor," the...

  • WASHINGTON, Feb 8- The commercial drone industry could be torpedoed if there were a serious accident involving a drone and a commercial aircraft, the chairman of the U.S. House Transportation and Infrastructure Committee warned on Friday. Representative Peter DeFazio, a Democrat, said at a speech in Washington that regulators had to take the threat seriously.

  • LONDON, Feb 8- Kazakhstan has deferred an initial public offering of national oil firm KazMunayGaz to beyond 2019, two banking sources said, slowing the pace of the country's privatisation plans and inflicting another blow to London's stalling IPO market. The decision is partly due to tepid investor appetite for stock offerings, due to uncertainty about...

  • NAB resignations were 'absolutely necessary': Investor

    Jason Teh of Vertium Asset Management discusses the next steps in National Australia Bank following the resignation of both the company's chairman and chief executive.

  • Despite uncertainty, Ord Minnett is overweight on NAB

    National Australia Bank's chairman and CEO both resigned following the release of Australia's Royal Commission report, which criticized the country's financial sector. John Milroy of Ord Minnett says he is "cautious" but sees some upside for the company.

  • Feb 7- The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil's Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Vitol SA, Glencore PLC and Trafigura AG, according to people familiar with the matter. Attorney's office for the Eastern District of New York is...

  • Feb 7- The U.S. Justice Department is investigating a former U.S.-based oil trader for Brazil's Petrobras already charged in his home country with taking part in a corruption scheme involving commodity companies Vitol SA, Glencore PLC and Trafigura AG, according to people familiar with the matter.

  • BONN, Germany, Feb 7- Germany's antitrust watchdog ordered a crackdown on Facebook's data collection practices after ruling the world's largest social network abused its market dominance to gather information about users without their knowledge or consent. Facebook said it would appeal the landmark ruling on Thursday by the Federal Cartel Office, the...

  • BERLIN, Feb 7- German Justice Minister Katarina Barley on Thursday welcomed a crackdown by Germany's antitrust watchdog on Facebook's data collection practices, saying the company was collecting data far beyond its platform. Germany's Federal Cartel Office ruled that the world's largest social network abused its market dominance to gather information...

  • BONN, Germany, Feb 7- Germany's antitrust watchdog on Thursday announced a crackdown on Facebook's data collection practices after ruling the world's largest social network abused its market dominance to gather information about users without their knowledge or consent.

  • LONDON, Feb 5- A former fund manager at Newton Investment Management has been fined more than 30,000 pounds for attempting to influence competitors during share sales, demonstrating a lack of due skill and care, the British regulator said on Tuesday. The Financial Conduct Authority said that Paul Stephany, who managed about 1.8 billion pounds invested mainly...

  • An employee of Amazon India walks toward a security gate at the company's newly launched fulfillment center on the outskirts of Bangalore.

    Last December, the Indian government effectively banned Amazon and its local competitor, Flipkart, from selling products from companies in which they have an equity stake. That rule took effect at the beginning of February.

  • Feb 4- Chevron Corp Chief Executive Officer Michael Wirth is set to receive at least $28 million in total pay this year, the U.S. oil and gas company said on Monday. His annual base salary was set at $1.6 million, about $100,000 higher than a year earlier, a regulatory filing showed https://chevroncorp.gcs-web.com/node/28161/html. Separately, Chevron also named...

  • LONDON, Feb 4- Better data is needed to spot risks from "shadow banks" stepping up credit to heavily indebted companies, an annual survey of the non-banking financial system said on Monday. Since 2011, just four countries, China, the Cayman Islands, Ireland and Luxembourg, have accounted for over two-thirds of the dollar value increase, the FSB said.

  • *Singapore staffer raised concerns in April 2018- Wirecard. FRANKFURT/ SINGAPORE, Feb 4- Wirecard said that neither it nor its law firm had found conclusive evidence of criminal misconduct after the Financial Times alleged wrongdoing at the Singapore office of the German payments company. CEO Markus Braun said the Munich- based company had informed regulators...

  • *Royal Commission revealed widespread financial wrongdoing. CANBERRA, Feb 4- Australia's corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector recommended by a high-powered independent inquiry into financial sector greed and malpractice. The government-appointed inquiry known as a Royal Commission also...

  • SYDNEY, Feb 4- Australia's corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector recommended on Monday by a high-powered independent inquiry into financial sector greed and malpractice. The government-appointed inquiry known as a Royal Commission also advised in its landmark report that remuneration...

  • SYDNEY, Feb 4- Australia's corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector recommended on Monday by a high-powered independent inquiry into financial sector greed and malpractice. The government-appointed inquiry known as a Royal Commission also advised in its landmark report that remuneration...

  • SYDNEY, Feb 4- Australia's corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector recommended on Monday by a high-powered independent inquiry into financial sector greed and malpractice. The government-appointed inquiry known as a Royal Commission also advised in its landmark report that remuneration...

  • SYDNEY, Feb 4- A powerful public inquiry into Australia's finance industry referred 24 instances of bad corporate behavior to regulators for possible prosecution but did not suggest any individuals be criminally prosecuted in its final report released on Monday. The behavior included the widespread charging of fees for services not rendered.