Regulation

Bank of England`s Ramsden says in no hurry to raise interest rates

Bank of England`s Ramsden says in no hurry to raise interest rates

Published 17/10/2017

New Bank of England Deputy Governor Dave Ramsden said on Tuesday he was in no hurry to vote for an interest rate hike because he saw little sign of inflation pressure building in Britain's labor market. [more…]

Inspection battle threatens Egypt`s wheat supply

Inspection battle threatens Egypt`s wheat supply

Published 17/10/2017

Wheat shipments to Egypt, the world's largest buyer, are being disrupted by a dispute involving government inspectors angered by a ban on the expenses-paid foreign trips they once enjoyed to approve cargoes at their ports of origin. [more…]

EU watchdogs to study cost, performance of mutual funds

EU watchdogs to study cost, performance of mutual funds

Published 17/10/2017

European Union financial watchdogs will conduct a large-scale study into the cost and performance of mutual funds, a top regulator said on Tuesday. [more…]

Habitual cheat: Kobe Steel faked product data for more than 10 years – source

Habitual cheat: Kobe Steel faked product data for more than 10 years – source

Published 17/10/2017

When cheating becomes habitual, the consequences could be costly. [more…]

Trump says he could jettison drug czar pick

Trump says he could jettison drug czar pick

Published 17/10/2017

U.S. President Donald Trump said on Monday he would review a report that his nominee for drug czar championed a law that weakened the government's ability to fight the nation's opioid epidemic, and said he could consider jettisoning the pick. [more…]

Trump declares Obamacare `dead,` urges Democratic help for short-term fix

Trump declares Obamacare `dead,` urges Democratic help for short-term fix

Published 16/10/2017

U.S. President Donald Trump on Monday declared Obamacare "dead" and "gone," but urged Republicans and Democrats in Congress to craft a short-term fix of healthcare markets under the 7-year-old law that critics say he has effectively sabotaged. [more…]

U.S. judge questions government on Trump`s latest travel ban

U.S. judge questions government on Trump`s latest travel ban

Published 16/10/2017

A U.S. judge on Monday questioned attorneys defending the Trump administration about a classified report the government is using to justify its latest ban on citizens of some countries from entering the United States. [more…]

Activist investor RBR launching campaign to break up Credit Suisse: FT

Activist investor RBR launching campaign to break up Credit Suisse: FT

Published 16/10/2017

Activist investor RBR Capital Advisors is launching a campaign for breaking up Swiss bank Credit Suisse Group AG (CSGN.S) into three parts, the Financial Times reported on Monday. [more…]

U.S. judge in Texas invalidates Allergan patents on Restasis

U.S. judge in Texas invalidates Allergan patents on Restasis

Published 16/10/2017

A U.S. judge on Monday invalidated patents on Allergan Plc's dry-eye medicine Restasis on grounds that the patents cover ideas that are obvious, sending shares of the pharmaceutical company down 3.5 percent. [more…]