While the U.S. government may want Japan to open up its agricultural sector, Japan would prefer that the talks revolve around issues such as foreign direct investment, infrastructure and energy. Japan has outright rejected U.S. demands for more access to… Read More ›
Regulations & Legal
EDF Energies Nouvelles in the fray for purchasing SunPower’s 100MW El Pelicano solar plant
The solar industry in Chile is in the midst of a consolidation. As per two sources with knowledge of the process have disclosed that SunPower Corp has placed the 100-megawatt El Pelicano solar plant up for sale, as part of… Read More ›
Resurgence of U.S. shale oil changes the balance of power with traditional oil producers
U.S. shale producers realise that with great power comes great responsibility. In what could potentially offset OPEC’s move to cut oil productions so as to reduce the glut in the global oil pool, U.S. shale oil producers are plotting an… Read More ›
Comcast, AT&T, and Verizon to benefit from Congress overturning Obama Administration’s privacy rules
Earlier under the Obama Administration’s rules, ISPs would have to obtain consumer consent before they are allowed to use financial, health and children’s information using geo-location through their web- browsing history for advertising and internal marketing purposes. The U.S. Congress… Read More ›
Uber shutdowns the usage of its ‘Greyball’ tech
In a blog post Uber’s Chief Security Officer stated that the company “expressly prohibits” the usage of the tech to evade local regulators. In a significant development, Uber Technologies Inc has made it amply clear that it does not… Read More ›
Likelihood of SEC approving U.S ETF high
Although many investors have are hoping that the SEC will approve the creation of the United States’ first bitcoin exchange-traded fund, a few cautious ones, such as Michael Venuto, chief investment officer at Toroso Investments prefer to avoid the volatility… Read More ›
Cash Registers Isn’t Likely To Get A Ringing By Japan’s Drive To End ‘Death By Overwork’
Proposing fresh legislation limiting overtime, potentially to 45 to 60 hours a month, the Japanese government is taking aim at the workforce’s reputation for long hours. 23 percent of companies have workers putting in more than 80 hours of overtime… Read More ›
Banks paid $321 billion in fines after the 2007-2008 financial crisis: Boston Consulting Group
The fines indicate the growing efficiency of regulators in ensuring compliance from banks midst efforts made by the Trump administration to loosen banking laws. As per a note prepared by the Boston Consulting Group, with regulators stepping up their scrutiny,… Read More ›
White House proposal has significant budgetary cuts for ongoing environment and climate change programs
The Trump Administration aims to squeeze funds from climate change and environmental programs to direct them to fortifying the military. According to a person with direct knowledge of the proposal, the White House is proposing a significant cut, by as… Read More ›
Lawyers for HSBC and the U.S. government urge not to reveal Michel Cherkasky’s reports
The case refers to HSBC’s 2012 admission of laundering hundreds of millions of dollars’ worth of drug money for the Colombian and Mexican drug cartels, which came to a close after a deferred prosecution agreement wherein HSBC agreed to put… Read More ›