JAKARTA (Reuters) – Indonesia’s parliament will soon begin debating a sweeping new bill that proposes corporate tax cuts and seeks to make internet giants pay more taxes, as part of a wider plan to simplify laws and boost investments in Southeast Asia’s bigges... More »
ISTANBUL (Reuters) – Turkey has reduced the range and the levels of fees and commissions that banks can charge clients, according to central bank and banking watchdog regulations announced on Monday. The measures will cut the various charges banks can charge f... More »
SYDNEY (Reuters) – An Australian antitrust investigator who helped bring criminal cartel charges against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) denied acting with “impropriety” when presented with communications between the regulator and informant... More »
NEW YORK (Reuters) – The U.S. securities regulator is on a collision course with powerful hedge funds executives, including former White House advisor Carl Icahn and Republican mega-donor Paul Singer, over a proposal they say could reduce shareholder voting ri... More »
BEIJING/SHANGHAI (Reuters) – China’s securities regulator has urged some mutual fund managers not to sell shares unless they face investor redemptions, four sources told Reuters, as the country’s stock markets plunged on Monday amid a growing virus outbreak. T... More »
LONDON (Reuters) – Credit card firms must review how they treat customers that have been in persistent debt to help them save up to 1.3 billion pounds a year in lower interest charges, Britain’s Financial Conduct Authority said on Monday. New rules came into f... More »
WASHINGTON (Reuters) – U.S. Federal Communications Commission (FCC) Chairman Ajit Pai said on Friday the telecommunications regulator plans to take action against at least one unnamed wireless carrier over the apparent unauthorized sale of real-time location d... More »
LONDON (Reuters) – It’s 2023. Britain’s brightest and best drug researchers are packing their bags as clinical trials start to dwindle, leaving a nation renowned as a global leader in pharmaceutical development to face a future in the slow lane. This is a wors... More »
LONDON (Reuters) – New York remains the world’s top financial center, pushing London further into second place as Brexit uncertainty undermines the UK capital and Asian centers catch up, a survey from consultants Duff & Phelps said on Monday. Britain will leav... More »
FRANKFURT/ZURICH (Reuters) – The Credit Suisse (CSGN.S) spying debacle risks tipping the bank into a crisis that could engulf its top executives. Switzerland’s market supervisor is scrutinizing Credit Suisse’s oversight of chief executive Tidjane Thiam and his... More »
(Reuters) – U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Alphabet Inc’s Google, two sources familiar with the matter told Reuters on Sunday. The probes revolve around monopolist... More »
BEIJING/SHANGHAI (Reuters) – Chinese theaters and film studios are protesting a deal by Huanxi Media Group to premiere its new movie “Lost in Russia” on Bytedance’s online platforms, with some saying it was “trampling” and “destroying” China’s cinema industry.... More »
WASHINGTON (Reuters) – The U.S. Commerce Department has withdrawn a rule aimed at further reducing sales to China’s Huawei Technologies amid concerns from the Defense Department the move would harm U.S. businesses, people familiar with the matter said. The dec... More »
WASHINGTON (Reuters) – The U.S. Justice Department is planning to hold a conference to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Fr... More »
BEIJING (Reuters) – China urged Canada on Monday to release detained Huawei Technologies executive Meng Wanzhou as soon as possible. Foreign ministry spokesman Geng Shuang, who made the comments at a daily briefing on Monday, also said that Canada should corre... More »
BEIJING (Reuters) – China’s agriculture minister urged authorities to prevent a recurrence in African swine fever outbreaks, according to a statement on the ministry’s website on Monday. Relevant departments must work to achieve this year’s pig production reco... More »
BEIJING (Reuters) – China’s eastern province of Zhejiang on Monday reported that five patients are in quarantine for respiratory illness but the diagnosis is not confirmed yet. The province has found five people traveling from the city of Wuhan in central Chin... More »
MUNICH (Reuters) – European regulators have imposed 114 million euros ($126 million) in fines for data breaches since tougher privacy rules came into force in mid-2018, with approaches varying widely from country to country. A report by law firm DLA Piper said... More »
PARIS/MUNICH (Reuters) – European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Hu... More »
WASHINGTON (Reuters) – The U.S. Supreme Court on Friday took up an appeal by President Donald Trump’s administration seeking to enforce new federal rules allowing employers to obtain religious exemptions from an Obamacare requirement that health insurance that... More »
BEIJING (Reuters) – Chinese firms implemented 1.4 trillion yuan ($203 billion) in debt-to-equity swaps and disposed of 2 trillion yuan in soured debt last year as they moved to allay financial risk, the country’s banking and insurance regulator said on Monday.... More »
LONDON/BEIJING (Reuters) – An outbreak of pneumonia that has killed one person in China and infected 40 others appears to be linked to a single seafood market in the central city of Wuhan and has not spread beyond there so far, the World Health Organization sa... More »
BEIJING (Reuters) – China’s Vice Premier Liu He, head of the country’s negotiation team in Sino-U.S. trade talks, will sign a “Phase 1” deal in Washington next week, the commerce ministry said on Thursday. Liu will visit Washington on Jan. 13-15, said Gao Feng... More »
LONDON (Reuters) – Britain’s markets watchdog proposed on Thursday a single interest rate for cash savings products, a move it says would bump up interest payments to consumers by 260 million pounds ($340.96 million) a year. The Financial Conduct Authority (FC... More »
JAKARTA (Reuters) – A coalition of trade unions will mobilize thousands of people next week to block the Indonesian government’s plan to relax restrictive labor rules, as President Joko Widodo’s administration is set to hand over a bill to parliament. The prot... More »
LONDON/BEIJING (Reuters) – A cluster of more than 50 pneumonia cases in China’s central city of Wuhan may be due to a newly emerging member of the family of viruses that caused the deadly SARS and MERS outbreaks, World Health Organization (WHO) said on Wednesd... More »
(Reuters) – Uber Technologies Inc on Wednesday informed its California customers that it would switch to providing estimates as opposed to fixed prices for its rides in response to a new law that makes it harder to qualify its drivers as contractors. In an ema... More »
(Reuters Health) – As a method for reducing health costs and improving care for people with complex medical problems, an early effort at “hotspotting” patients to get extra attention has turned out to be not so hot. Researchers looked at so-called “superutiliz... More »
WASHINGTON (Reuters) – Facebook Inc on Wednesday said it would remove “deepfake” and other manipulated videos from its website to combat the spread of false information ahead of the 2020 presidential race, but lawmakers said those and other changes it has rece... More »
ZURICH (Reuters) – Credit Suisse (CSGN.S) and law firm Homburger will continue their investigation into employee observation at the bank, a spokesman said, after the bank on Monday confirmed a second former executive was tailed. [nL8N28X0TX] “We are looking in... More »
ZURICH (Reuters) – Credit Suisse (CSGN.S) on Monday cleared CEO Tidjane Thiam and other top executives from knowledge of a second spying incident, saying former Chief Operating Officer Pierre-Olivier Bouee had the Swiss bank’s then-head of human resources foll... More »
BEIJING (Reuters) – China will lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year as Beijing looks to boost imports amid a slowing economy and a trade war with the United States. Next year, China will imple... More »
JERUSALEM (Reuters) – Israel’s IceCure Medical said on Sunday it received U.S. regulatory approval to expand the use of its cryoablation technology to treat benign and cancerous tumors in livers and kidneys, sending its share price up 30%. IceCure’s treatment ... More »
(Reuters) – The U.S. Environmental Protection Agency and the Justice Department said a federal appeals court should reverse a lower court verdict finding Bayer AG liable in the case of a California man who blamed its Roundup weed killer for his cancer. The gov... More »
(Reuters) – GlaxoSmithKline’s HIV drugs division ViiV Healthcare said on Saturday that the U.S. Food and Drug Administration declined to approve its long acting HIV injection. ViiV, in which Pfizer and Shionogi have small stakes, said it received a so-called c... More »
SAN FRANCISCO (Reuters) – Weeks after U.S. authorities brought a spying case against three Saudi nationals for digging up dissidents’ personal data at Twitter, the company suspended tens of thousands of accounts that appear to be linked to one suspect’s compan... More »
BOGOTA (Reuters) – Colombia on Friday ordered Uber (UBER.N) to cease its ride-hailing operations in the Andean country, effective immediately, after a judge ruled the company violated competition rules. Following a lawsuit filed against Uber by COTECH SA, the ... More »
WASHINGTON (Reuters) – The White House is expected to nominate Caroline Crenshaw, a Democratic attorney at the U.S. Securities and Exchange Commission, to fill an SEC seat being vacated next year by Democratic Commissioner Robert Jackson, according to three pe... More »
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies. The agency hopes the changes will boo... More »
(The opinions expressed here are those of the author, a columnist for Reuters.) By Mark Miller CHICAGO (Reuters) – News flash: Members of Congress managed to walk and chew gum at the same time this week. In the midst of the impeachment furor, U.S. lawmakers ad... More »
WASHINGTON (Reuters) – The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is “totally done” despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on ... More »
BEIJING (Reuters) – China and the United States should continue bilateral trade talks and work toward removing all existing tariffs, China’s National Bureau of Statistics spokesman Fu Linghui said on Monday. Fu also told reporters during a briefing that China’... More »
BEIJING (Reuters) – China’s new home prices grew at their weakest pace in nearly two years in November while property investment also eased, with tightening policies continuing to cool the market even as some local easing is expected to prevent a sharp slowdow... More »
WASHINGTON (Reuters) – The U.S. auto safety agency said Friday it will investigate a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut on Saturday.... More »
BRUSSELS (Reuters) – Austrian privacy activist Max Schrems’ seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe’s top court will issue his view on whether tools used by companies to transfer data abroad are legal or ... More »
(Reuters) – Shares of Sarepta Therapeutics Inc (SRPT.O) soared 31% on Friday after U.S. regulators shocked Wall Street by approving the company’s treatment for a muscle-wasting disorder less than four months after rejecting the drug over safety concerns. The F... More »
WASHINGTON (Reuters) – Two U.S. banking regulators unveiled a proposed overhaul to community lending standards on Thursday, kicking off a contentious policy fight over the proper way to ensure banks are supporting lower-income borrowers where they do business.... More »
BEIJING (Reuters) – China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh U.S. tariffs on Chinese imports are due to kick in at the end of the week. Beijing hopes it can reach ... More »
LONDON (Reuters) – Turnover on some of the world’s biggest currency-trading venues has dropped as falling market volatility prompts some global banks to route more volumes onto their internal platforms, the Bank for International Settlements said in a quarterl... More »
LONDON (Reuters) – Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. As Facebook’s plan for its Libra “stablecoin” faces scrutin... More »
LOS ANGELES (Reuters) – Tesla Inc boss Elon Musk emerged victorious on Friday from a closely watched defamation trial as a federal court jury swiftly rejected the $190 million claim brought against him by a British cave explorer who Musk had branded a “pedo gu... More »
((This December 6 story is refiled to fix typo in quote in paragraph nine)) By Tom Hals (Reuters) – Elon Musk’s daring has left its mark on electric cars and rockets, and now experts say the entrepreneur may have reshaped U.S. defamation law with his willingne... More »
LOS ANGELES (Reuters) – A U.S. District Court jury in Los Angeles on Friday found in favor of Tesla Inc (TSLA.O) boss Elon Musk in the defamation lawsuit brought against him by a British cave explorer who Musk had branded a “pedo guy” on Twitter. The verdict w... More »
WASHINGTON (Reuters) – The chairman of the House Transportation and Infrastructure Committee urged Uber Technologies Inc to take action after the company disclosed on Thursday it received over 3,000 reports of sexual assault related to its 1.3 billion rides in... More »
WASHINGTON (Reuters) – U.S. banking regulators said on Tuesday that lenders must have robust compliance tools in place to ensure “responsible use” of non-traditional sources of financial data to help determine whether a potential customer is credit worthy. In ... More »
WASHINGTON (Reuters) – The U.S. consumer watchdog on Tuesday proposed making permanent an exemption that allows certain banks and credit unions to estimate the international remittance fees they charge consumers in instances when it may be too expensive for th... More »
BOSTON (Reuters) – As U.S. corporate jet use approaches pre-financial crisis levels and chief executives take an increasing number of personal trips on the company tab, many investors are being kept in the dark about the true cost of the perk. For the S&P 500 ... More »
(Reuters) – A trade deal between United States and China was now “stalled because of Hong Kong legislation”, news website Axios reported on Sunday, citing a source close to U.S. President Donald Trump’s negotiating team. The deal was stalled also because time ... More »
(Reuters) – Britain’s competition watchdog on Monday said it was probing Google’s $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences. The Competition and Markets Authority (CMA) said it was considering whether the deal could hur... More »
BRUSSELS (Reuters) – EU antitrust regulators are investigating Google’s collection of data, the European Commission told Reuters on Saturday, suggesting the world’s most popular internet search engine remains in its sights despite record fines in recent years.... More »
WASHINGTON (Reuters) – The U.S. government may expand its power to stop more foreign shipments of products with U.S. technology to China’s Huawei, amid frustration the company’s blacklisting has failed to cut off supplies to the world’s largest telecoms equipm... More »
(Reuters) – William Ruckelshaus, picked by Richard Nixon as the first head of the U.S. Environmental Protection Agency and as deputy attorney general before being fired for defying the president in the Watergate scandal, died on Wednesday at the age of 87, U.S... More »
(Reuters) – Amazon.com Inc filed a lawsuit in a federal U.S. court on Friday contesting the U.S. Defense Department’s decision last month to award a Pentagon cloud computing contract worth up to $10 billion to rival bidder Microsoft Corp. The complaint and sup... More »
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday expressed concerns that enacting his administration’s proposed ban on many flavored e-cigarette and vaping products would lead to people obtaining them illegally. Trump also raised worries during a r... More »
(This November 16 story has been refiled to correct the number in the headline) By Kanishka Singh (Reuters) – Japan’s Nissan Motor Co Ltd (7201.T) has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a ... More »
LONDON (Reuters) – Some are backed by dollars. Others by gold. But this “stablecoin” isn’t tied to any major asset – it’s backed by another cryptocurrency. Stablecoins, such as Facebook’s (FB.O) Libra, are a new breed of cryptocurrencies that aim to escape the... More »
BEIJING (Reuters) – China’s agriculture ministry said on Monday it will launch an investigation into the illegal production, sale and use of African swine fever vaccines in the country, citing online reports of their use by some farmers. No country has yet app... More »
LOS ANGELES (Reuters) – The Mustang Mach E electric sport utility vehicle Ford Motor Co (F.N) unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that h... More »
BRUSSELS (Reuters) – Microsoft said on Monday it was updating the privacy provisions of its commercial cloud contracts after European regulators found its deals with European Union institutions failed to protect data in line with EU law. The EDPS, the EU’s dat... More »
WASHINGTON (Reuters) – The Trump administration is set to issue a 90-day extension of a license on Monday allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd [HWT.UL], two sources familiar with the deliberations said. Reu... More »
(The Nov 16 story corrects to clarify in second graph that patients will be infused by a healthcare provider.) By John Miller and Carl O’Donnell (Reuters) – Novartis AG on Friday won U.S. approval for its experimental sickle cell disease drug, Adakveo, making ... More »
(Reuters) – An Oklahoma judge on Friday said Johnson & Johnson must pay that state $465 million for fueling the opioid epidemic through the deceptive marketing of painkillers, down from his original award of $572 million. The decision by Cleveland County Distr... More »
HONG KONG (Reuters) – Swiss bank UBS (UBSG.S) was fined HK$400 million ($51.09 million) by Hong Kong’s securities regulator for overcharging up to 5,000 clients for nearly a decade, the watchdog said on Monday. The Hong Kong Securities and Futures Commission (... More »
FRANKFURT (Reuters) – European Union banks have put in place all the plans for Brexit but execution is lagging as lenders await the outcome of negotiations between Britain and the EU, European Central Bank banking supervisor Andrea Enria said on Monday. Some b... More »
SEOUL (Reuters) – The South Korean Army has banned the use and possession of liquid e-cigarettes on its bases for health reasons, the military said on Monday, following a government warning for people to stop using the devices. South Korea has a large military... More »
(Reuters) – Apple Inc (AAPL.O) co-founder Steve Wozniak joined in the online debate over accusations of gender discrimination by the algorithm behind the iPhone maker’s credit card, fuelling scrutiny of the newly launched Apple Card. The criticism started on T... More »
BENGALURU (Reuters) – A probe into Goldman Sachs Group Inc’s credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple Inc card algorithms that are used to determine credit limits. In a series... More »
DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world’s biggest listing as the kingdo... More »
(Reuters) – Under Armour Inc (UAA.N) is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier, the Wall Street Journal reported on Sunday. The Balti... More »
(This October 28 story corrects to remove erroneous reference in paragraph 6 to regulations preventing the use of autonomous trucks) DETROIT (Reuters) – Waymo Chief Executive John Krafcik said the self-driving vehicle company is now offering limited “rider-onl... More »
(Reuters) – U.S. President Donald Trump plans to nominate Dr. Stephen Hahn, chief medical executive of the University of Texas MD Anderson Cancer Center, to lead the Food and Drug Administration, the White House said on Friday. If confirmed, Hahn, a radiation ... More »
MONTREAL (Reuters) – A June data breach that hit Canada’s Desjardins Group has affected all of the financial cooperative’s 4.2 million members, prompting government reforms to protect personal information in the Canadian province of Quebec, an official said on... More »
SYDNEY (Reuters) – Westpac Banking Corp (WBC.AX) staff inappropriately gave personal financial advice when marketing pension funds, an Australian court said, overturning an earlier ruling in a rare win for regulators under pressure to crack down on misconduct ... More »
LONDON (Reuters) – British regulators should impose higher levies on banks if they need more resources to stop big IT glitches and should consider regulating cloud service providers such as Google, UK lawmakers said in a review on Monday. The review was launch... More »
WASHINGTON (Reuters) – The head of a U.S. Senate panel reviewing two catastrophic Boeing 737 MAX crashes told Reuters ahead of hearings this week that the plane would not return to U.S. skies until “99.9% of the American public” and policymakers are convinced ... More »
PIXLEY, Calif. (Reuters) – Joey Airoso has always been proud of his cows, whose milk goes into the butter sold by national dairy company Land O’Lakes. Now he has something new to brag about: the vast amounts of gas produced by his 2,900-head herd is powering t... More »
TOKYO (Reuters) – Japan’s major financial institutions are set to undergo a stress test to prepare for any major shakeout in financial markets in light of worries about a global recession and a protracted Sino-U.S. trade war, sources with direct knowledge of t... More »
(Reuters) – Qantas Airways (QAN.AX) and Virgin Australia Holdings Ltd (VAH.AX) were awarded one slot each to operate flights at Tokyo’s Haneda Airport, according to a draft decision by Australia’s International Air Services Commission (IASC). The opening at Ha... More »
NEW DELHI/MUMBAI (Reuters) – India is deliberating potential censorship on streaming platforms such as Netflix and Amazon Prime Video, a senior government source told Reuters. While film and TV certification bodies already moderate public content in India, the... More »
NEW DELHI (Reuters) – The Indian government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters. India introduced... More »
LONDON (Reuters) – Neil Woodford has been ousted as manager of his flagship LF Woodford Equity Income Fund, which will now be wound up to pay back investors trapped in the fund since June. The fund’s administrator, Link Fund Solutions (LFS), said on Tuesday th... More »
MUMBAI (Reuters) – Indian tax officials are pushing back against Prime Minister Narendra Modi’s new faceless tax assessment program, complaining about a lack of consultation and inadequate resources to implement the changes, a letter reviewed by Reuters shows.... More »
LONDON (Reuters) – Britain’s markets watchdog has proposed banning auto dealers and brokers from receiving commission linked to interest rates on loans used to finance car purchases, a step it said would save consumers 165 million pounds ($208.4 million) annua... More »
SYDNEY (Reuters) – Australia’s banking regulator on Tuesday said it plans to ask lenders to meet higher capital levels domestically to offset their exposure to large overseas units – a move that comes in response to plans by New Zealand to hike capital ratios ... More »
(Reuters) – Shared office space company WeWork Companies Inc is leaning toward a near $5 billion financing package led by JPMorgan Chase & Co (JPM.N), instead of selling a controlling stake to Japan’s SoftBank Group Corp (9984.T), Bloomberg reported bloom.bg/2... More »
BRUSSELS (Reuters) – Alphabet unit Google’s fight against a 2.4-billion-euro ($2.64 billion) EU antitrust fine will be played out over three days in February 2020 at Europe’s second-highest court, according to parties involved in the case. The Luxembourg-based... More »
(Reuters Health) – British citizens with HIV who live in Spain could face serious healthcare challenges post-Brexit, potentially risking public health at large, researchers say. A no-deal Brexit could leave many patients with HIV or other chronic conditions in... More »
WASHINGTON (Reuters) – U.S. regulators on Friday gave the green light for genetically modified cotton to be used for human consumption, paving the way for a protein-packed new food source – edible cottonseed that tastes a bit like chickpeas – that its develope... More »
WASHINGTON (Reuters) – U.S. payments processor PayPal Holdings Inc (PYPL.O) said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPa... More »
(Reuters) – A New York court on Thursday temporarily halted a state ban on the sale of flavored e-cigarettes, giving the embattled vaping industry a breather just a day before the state’s prohibition was due to take effect. The appellate court ruling puts a ho... More »
