Regulation

Saudi Aramco kick-starts what could be world’s biggest IPO, offers scant details

Saudi Aramco kick-starts what could be world’s biggest IPO, offers scant details

Published 04/11/2019

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 [more…]

Under Armour faces U.S. federal probe over accounting practices: WSJ

Under Armour faces U.S. federal probe over accounting practices: WSJ

Published 04/11/2019

(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 [more…]

Waymo tests ‘rider only’ service and looks beyond robo-taxis

Waymo tests ‘rider only’ service and looks beyond robo-taxis

Published 01/11/2019

(This October 28 story corrects to remove erroneous reference in paragraph 6 to regulations preventing the use of autonomous trucks) DETROIT (Reuters) - Waymo Chief [more…]

Trump nominates MD Anderson oncologist as U.S. FDA Commissioner

Trump nominates MD Anderson oncologist as U.S. FDA Commissioner

Published 01/11/2019

(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 [more…]

Desjardins Group data breach hit all 4.2 million members: Quebec finance minister

Desjardins Group data breach hit all 4.2 million members: Quebec finance minister

Published 01/11/2019

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 [more…]

In rare win for regulators, Australia’s Westpac loses case over marketing cold calls

In rare win for regulators, Australia’s Westpac loses case over marketing cold calls

Published 28/10/2019

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 [more…]

UK lawmakers call for action on banks, Big Tech to avoid IT failures

UK lawmakers call for action on banks, Big Tech to avoid IT failures

Published 28/10/2019

LONDON (Reuters) - British regulators should impose higher levies on banks if they need more resources to stop big IT glitches and should consider regulating [more…]

U.S. lawmakers will press Boeing CEO for answers on 737 MAX crashes

U.S. lawmakers will press Boeing CEO for answers on 737 MAX crashes

Published 27/10/2019

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 [more…]

Manure, trash and wastewater: U.S. utilities get dirty in climate fight

Manure, trash and wastewater: U.S. utilities get dirty in climate fight

Published 23/10/2019

PIXLEY, Calif. (Reuters) - Joey Airoso has always been proud of his cows, whose milk goes into the butter sold by national dairy company Land [more…]

Japan banks to undergo stress test to prepare for any crisis: sources

Japan banks to undergo stress test to prepare for any crisis: sources

Published 21/10/2019

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 [more…]