Legislation Regulations

  • S&P Global Platts on the cost of complying with IMO 2020

    The shipping industry will "mostly" comply with the International Maritime Organization's new regulations in 2020, says Kang Wu of S&P Global Platts.

  • April 19- Generic drugmaker Teva Pharmaceutical Industries Ltd on Friday received approval from the U.S. Food and Drug Administration to market its generic nasal spray for opioid overdose, the health regulator said. This is the first approval of a generic naloxone nasal spray for use in a community setting by individuals without medical training, the FDA said...

  • *President warns Ukraine risks default. PrivatBank was nationalized as part of a clean-up of the banking system backed by the International Monetary Fund, which supports Ukraine with a $3.9 billion loan program. Ukraine's dollar-denominated bonds fell more than 1 percent after the ruling by a Kiev court as President Petro Poroshenko said in a televised...

  • BRUSSELS, April 18- Users of Android devices in Europe will be able to choose rival browsers and search engines from five options starting on Thursday, a senior Google executive said, as the company tries to quell EU antitrust concerns and stave off fresh penalties. Android users in Europe who open Google's app store Google Play will now see new screens with an...

  • *President warns Ukraine risks default. PrivatBank was nationalized as part of an clean-up of the banking system backed by the International Monetary Fund, which supports Ukraine with a $3.9 billion loan program. Ukraine's dollar-denominated Ukraine bonds fell more than 1 percent after the ruling by a Kiev court as President Petro Poroshenko said in a...

  • KIEV, April 18- Ukraine's Deputy Central Bank Governor Kateryna Rozhkova said she saw no grounds to compensate the former owners of PrivatBank, after a lower court ruled on Thursday that the 2016 nationalisation of PrivatBank was illegal.

  • CAIRO, April 18- The head of Egypt's Banque du Caire said on Thursday the bank was aiming to raise $300- 400 million by selling a 20-30 percent stake by the end of 2019.. Chairman and Chief Executive Tarek Fayed told reporters that the timing of the initial public offering depended on market conditions. A deal to sell the state-owned bank was canceled in 2008, and a...

  • KIEV, April 18- Ukraine's Prime Minister Volodymyr Groysman said on Thursday the finance ministry was sure of its legal position as it gears up to challenge a court decision on the 2016 nationalization of PrivatBank, the country's largest lender. A lower court on Thursday ruled that the government had violated the law in nationalizing PrivatBank.

  • BRUSSELS, April 18- Users of Android devices will be able to choose their browsers and search engines from five options starting on Thursday, a senior Google executive said, in a move aimed at addressing EU antitrust concerns and staving off fresh sanctions. The European Commission said Google had an unfair advantage by pre-installing its Chrome browser and...

  • The logos of Twitter, Facebook and Google

    The European parliament voted on Wednesday to fine firms like Facebook, Google and Twitter up to 4 percent of their turnover if they persistently fail to remove extremist content within one hour of being asked to do so by authorities.

  • FCC officials said approval could have boosted Chinese intelligence gathering efforts. China Mobile USA, which filed the application, is a Delaware corporation that is indirectly and ultimately owned and controlled by the Chinese government, the FCC said. In 2011, China Mobile sought FCC approval to provide international facilities-based and resale...

  • April 17- Abbott Laboratories Inc reported higher-than-expected quarterly profit and sales on surging demand for its glucose monitoring device, but an unchanged forecast along with regulatory uncertainty kept investors on the edge. Senator Bernie Sanders unveiled the latest version of his " Medicare- for-All" plan that would eliminate private insurance...

  • *Chinese video app TikTok vanishes from India mobile app stores. NEW DELHI/ MUMBAI, April 17- An Indian ban on downloading TikTok, one of the world's most popular mobile applications, has heightened industry worries that technology companies could now face increased scrutiny and regulatory challenges in one of their most important markets.

  • BEIJING/ HONG KONG, April 17- China's securities regulator has asked brokerages to insure new bonds from private companies with credit default swaps, a move aimed at helping firms struggling to raise funds to come to the market, several sources said on Wednesday. However, companies rolling over old bonds will not be affected, the China Securities Regulatory...

  • Textron said it delivered 44 jets in the first quarter ended March 30, up from 36 last year. Aviation growth has continued, with a positive book to bill in the quarter, " Vertical Research Partners analyst Robert Stallard said. Analysts have warned that the certification delays from the U.S. Federal Aviation Administration due to partial government shutdown...

  • A Vitamin Shoppe store in New York.

    It's one of the first major national retailers to sell CBD supplements since Congress legalized the cannabis derivative in December.

  • BEIJING, April 17- The China Securities Regulatory Commission has asked private enterprises to use credit default swaps when issuing new bonds, to help companies struggling to raise funds to come to the market, several sources said on Wednesday. However, companies rolling over old bonds will not be affected, the regulator is said to have instructed in an...

  • LONDON, April 17- Britain's markets watchdog will review its rules as the country readies to leave the European Union, the source of its financial regulation for decades. Backers of Brexit say that leaving the EU gives Britain an opportunity to ease what they see as burdensome rules from the bloc, to maintain London as a competitive global financial center.

  • SINGAPORE, April 17- Singapore authorities said they are reviewing debt-laden water treatment company Hyflux's disclosures to see if the firm has breached any laws. A spokeswoman for Hyflux Ltd, which operates an important water source for Singapore, told Reuters in an email that the company will be "cooperating fully" with their queries.

  • April 16- The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp that it opposes their planned $26 billion merger in its current form, a source familiar with the matter said on Tuesday, though a final decision has not been made. Sprint, T-Mobile and the Justice Department did not immediately respond to requests for comment. The deal to combine the...