Regulation

Austria finds some egg products contaminated with insecticide: ORF

Austria finds some egg products contaminated with insecticide: ORF

Published 14/08/2017

Tests show that some imported egg products in Austria have been contaminated with a potentially harmful insecticide, a health ministry official told broadcaster ORF on Monday, adding to the list of countries affected by an international health scare. [more…]

U.S. tax change proposals anger builders, realtors, charities

U.S. tax change proposals anger builders, realtors, charities

Published 14/08/2017

With U.S. Congress members focused during their August recess on finding ways to lower the corporate tax rate, industry groups and other sectors of society are gearing up to fight proposed changes to the personal income tax. [more…]

Exclusive: Saudi Arabia favours New York for Aramco listing despite risks – sources

Exclusive: Saudi Arabia favours New York for Aramco listing despite risks – sources

Published 12/08/2017

Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. [more…]

U.S. judge orders Illinois to boost disabled care

U.S. judge orders Illinois to boost disabled care

Published 11/08/2017

A U.S. judge on Friday ruled that Illinois was not providing sufficient resources for the care of developmentally disabled residents and ordered the state to come up with a plan to restore services. [more…]

Labor Department delays fiduciary rule implementation date

Labor Department delays fiduciary rule implementation date

Published 09/08/2017

The U.S. Department of Labor will give wealth management companies more time to get in line with the new "fiduciary rule," a regulation that requires financial advisers to put retirees' interests ahead of their own, the regulator said on Wednesday. [more…]

Republican, Democratic senators seek answers in Wells auto scandal

Republican, Democratic senators seek answers in Wells auto scandal

Published 09/08/2017

A group of U.S. senators from both parties on Wednesday turned up the heat on Wells Fargo Inc. over its latest scandal, in which hundreds of thousands of car-loan borrowers were charged each month without their knowledge for collision insurance, which many of them did not need. [more…]

Politics is faster, more effective in Japan`s capital, new governor says

Politics is faster, more effective in Japan`s capital, new governor says

Published 07/08/2017

Popular Tokyo Governor Yuriko Koike is often spoken of as a candidate to become Japan's first female prime minister - but for now, the former lawmaker is having too much fun as top leader of the capital, where she says she can get things done. [more…]

China`s bank regulator lets crackdown deadline slip over stability worries: sources

China`s bank regulator lets crackdown deadline slip over stability worries: sources

Published 07/08/2017

China's banking regulator has extended by two months a June deadline for banks to submit risk assessments over concerns it was putting strain on the lenders, two sources with direct knowledge of the matter said. [more…]

Commonwealth Bank says `coding error` explains alleged money-laundering breaches

Commonwealth Bank says `coding error` explains alleged money-laundering breaches

Published 07/08/2017

The Commonwealth Bank of Australia (CBA.AX) said on Monday a software "coding error" was responsible for the "vast majority" of the anti-money laundering law breaches it was accused of last week. [more…]