This is coming from diplomats who were present at the negotiations. According to two sources present at the meeting where Brexit negotiations are being discussed, a divorce deal with Britain is “very close” to being realized. Both sides are pushing… Read More ›
Regulations & Legal
U.S. diversifying agriculture trade: U.S. Agriculture Secretary Sonny Perdue
Feeling the pinch of being too dependent on one nation for the sale of its agricultural products, the trade war has made the U.S. realize that it needs to diversify its agricultural trade exports. U.S. Agriculture Secretary Sonny Perdue has… Read More ›
Britain’s Brexit bill slated to rise with increasing EU budget liabilities
Although Britain is set to leave the EU in March 29, 2019, it has agreed to pay its share of debts and liabilities assumed by the EU until the end of 2020. According to EU data released on Thursday, Britain’s… Read More ›
Regulators pull up Wells Fargo for not doing enough to repay cheated drivers
Although Wells Fargo does not have a deadline by which it aims to repay every driver it forced to buy auto insurance that was not required, unless it completes the reimbursements it will not get the all-clear from regulators. According… Read More ›
Exxon Mobile Corp eyeing multi-billion upgrade of its Singapore refinery
The potential development comes ahead of the introduction of global shipping fuel rules, set to be introduced in 2020, which see sulphur component in marine fuel dip to 0.5% from 3.5%. According to a senior executive from Exxon Mobil Corp,… Read More ›
Top creditors of Toys ‘R’ Us plan to revive the brand
With the auction bids not being superior to the plan of reviving the plan, creditors and stakeholders are of the view that reviving the Toys ‘R’ Us and Babies ‘R’ Us brand is the best way forward. In a significant… Read More ›
Britain’s financial regulations are likely to become tougher post Brexit: KPMG
While some sections of the Eurosceptics are pushing to loosen lending rules, KPMG expects that Britain’s FCA and the Prudential Regulation Authority at the Bank of England will in fact tighten and enhance rules governing finance. In a report released… Read More ›
Brexit does not mean deregulation for banks and financial institutions: UK watchdog
Backers of Brexit want new financial rules to be not overly burdensome. The FCA and its sister concern the Prudential Regulation Authority at the Bank of England clearly have their task cut out. According to a top UK regulator, investors… Read More ›
Whistleblower to alleged money laundering at Danske Bank’s Estonian branch to testify on Nov 21
Howard Wilkinson – the former head of Danske Bank’s trading business in the Baltics is scheduled to testify before the European Parliament’s special committee on financial crimes, tax evasion and tax avoidance on November 21, 2018. On Tuesday, Dane Jeppe… Read More ›
H. Lawrence Culp Jr becomes General Electric Co’s CEO
Following John Flannery’s resignation from General Electric Co’s as its CEO, GE’s board has unanimously endorsed H. Lawrence Culp Jr as its CEO. General Electric Co’s CEO John Flannery has stepped down from his role in the company. The development… Read More ›