Legal & Regulatory

China rules out open nominations for Hong Kong candidates in 2017 election

Chinese representatives in Hong Kong had ruled out nominations for the 2017 elections, the strongest sign that China's pledge of democracy came with certain conditions.


Obama appoints Zients as top economic adviser

US President Barack Obama appointed Jeffrey Zients as his top economic adviser replacing current adviser Gene Sperling.

US SEC denies rejecting settlement over money fund

The US Securities and Exchange Commission said last Saturday it did not reject a proposed settlement with fund managers at Reserve Management Co. as there was nothing to consider.

Nikkei: Obama to nominate Treasury Secretary Fed chief

Nikkei, a Japanese newspaper, reported last Friday that US President Barack Obama was close to picking ex-Treasury Secretary Lawrence Summers as the new head of the Federal Reserve Board.


Latest News

According to two surveys conducted by Gallup Inc, Americans had been struggling to recover financially even after the US recession was finally announced to have officially ended.
NASCAR placed Penske Racing on probation after cutting deal allegations with Front Row Motorsports was said to have transpired allowing Joey Logano pivotal track position.
Thousands of fast food workers organized protests to demand higher wages after US federal minimum wages were said to be almost always without benefits.
181,000 gallons of asphalt that belonged to Goldman Sachs was burned after an explosion occurred at Elk Grove refinery.
Despite an European Council legal opinion, the EU maintains that the financial transaction tax issue is a misunderstanding.
A report from the Government Accountability Office showed improper disability payments were made to Social Security beneficiaries amounting to USD 1.3 billion.
India would be inaugurating is its insurance repositories on September 16. India's Insurance Regulatory and Development Authority's insurance repositories would be inaugurated on September 16.
The Bank Recovery and Resolution Directive for all EU members to recognize the Single Resolution Mechanism would be created after the German elections.
A Reuters report said that investors had started to take out their capital from emerging markets as Fed tapering loomed.
US regulators met with the stock exchange operators to talk about backing up the Nasdaq stock quotes processor which malfunctioned last month.
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