Regulation

ECB seeks greater power over clearing supervision

ECB seeks greater power over clearing supervision

Published 23/06/2017

FILE PHOTO: The European Central Bank (ECB) headquarters in Frankfurt, Germany, July 29, 2016. REUTERS/Ralph Orlowski/File Photo

The European Central Bank has requested enhanced powers to supervise clearing activities, it said on Friday, a move to shore up its authority over London-based euro clearing once Britain leaves the European Union.

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Toshiba stock listing status downgraded, deeper losses flagged

Toshiba stock listing status downgraded, deeper losses flagged

Published 23/06/2017

The logo of Toshiba Corp is seen behind cherry blossoms at the company's headquarters in Tokyo, Japan April 11, 2017. REUTERS/Toru Hanai

Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year and getting demoted to the second section of the Tokyo Stock Exchange.

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U.S. bans fresh Brazil beef imports over safety concerns

U.S. bans fresh Brazil beef imports over safety concerns

Published 23/06/2017

A man cools cattle on a beached boat in the Amazon river, in the city of Manaus, Brazil, October 26, 2015. REUTERS/Bruno Kelly

The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture (USDA) said, after a high percentage of shipments failed to pass safety checks.

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Toshiba estimates bigger loss for past year on Westinghouse, lawsuits

Toshiba estimates bigger loss for past year on Westinghouse, lawsuits

Published 23/06/2017

FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo

Toshiba Corp said on Friday it now estimates a bigger loss for the past year ended in March due to potential legal damages over a $1.3 billion accounting scandal as well as an increase in liabilities at its now-bankrupt U.S. nuclear unit.

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Australian banks face `Pandora`s box` of taxes after state hike

Australian banks face `Pandora`s box` of taxes after state hike

Published 23/06/2017

The logo of National Australia Bank adorns their headquarters building in central Sydney, Australia June 22, 2017. REUTERS/David Gray

A second Australian state on Friday said it was open to charging its own bank tax, raising fears the federal government has opened a "Pandora's box" by slapping a A$6.2 billion ($4.7 billion) levy on major lenders in its May budget.

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Russia threatens to block Telegram messaging app

Russia threatens to block Telegram messaging app

Published 23/06/2017

Two men pose with smartphones in front of a screen showing the Telegram logo in this picture illustration taken in Zenica, Bosnia and Herzegovina November 18, 2015. REUTERS/Dado Ruvic

Russia's communications regulator Roskomnadzor on Friday accused the Telegram messaging app of violating Russian legislation and said it could be blocked if it did not provide the watchdog with information about the company that controls Telegram.

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Trump denies obstructing FBI probe, says has no tapes of talks with Comey

Trump denies obstructing FBI probe, says has no tapes of talks with Comey

Published 23/06/2017

FILE PHOTO: U.S. President Donald Trump (L) speaks in Ypilanti Township, Michigan March 15, 2017 and FBI Director James Comey testifies before a Senate Judiciary Committee hearing in Washington, D.C., May 3, 2017 in a combination of file photos. REUTERS/Jonathan Ernst/Kevin Lamarque/File Photo

U.S. President Donald Trump said on Thursday he had not obstructed the FBI's probe into alleged Russian meddling in the 2016 U.S. presidential election and had not recorded his conversations with former FBI chief James Comey.

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Senate Republicans unveil Obamacare replacement bill, but fate uncertain

Senate Republicans unveil Obamacare replacement bill, but fate uncertain

Published 23/06/2017

U.S. Capitol is seen after the House approved a bill to repeal major parts of Obamacare and replace it with a Republican healthcare plan in Washington, U.S., May 4, 2017. REUTERS/Yuri Gripas

U.S. Senate Republicans on Thursday unveiled legislation that would replace Obamacare with a plan that scales back aid to the poor and kills a tax on the wealthy, but the bill's fate was quickly thrown into question as several senators voiced skepticism.

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Factbox: How Senate, House Obamacare overhaul bills compare

Factbox: How Senate, House Obamacare overhaul bills compare

Published 23/06/2017

Speaker of the House Paul Ryan (R-WI) speaks after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. REUTERS/Joshua Roberts

After weeks of discussions behind closed doors, the U.S. Senate unveiled a draft of its healthcare bill on Thursday that would overhaul the Affordable Care Act, commonly known as Obamacare.

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Trump says he is `very supportive` of Senate healthcare bill

Trump says he is `very supportive` of Senate healthcare bill

Published 23/06/2017

U.S. President Donald Trump takes the stage for a rally at the U.S. Cellular Center in Cedar Rapids, Iowa, U.S. June 21, 2017. REUTERS/Scott Morgan

U.S. President Donald Trump said he supported a Republican healthcare bill to replace Obamacare that was unveiled in the Senate on Thursday.

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