Japan was said to be studying the possibility of giving a USD 50 billion economic stimulus package to cushion the possible drag of its planned tax hike, sources told Reuters.
Legal & Regulatory
China regulators investigate Bayer for unfair competition
Bayer said regulators in China were investigating their local office in the mainland for alleged unfair competition practices.
After regulatory investigations, JPMorgan Chase beefs up oversight- sources
Sources told the Wall Street Journal that JPMorgan & Chase would be allocating USD 4 billion to strengthen its oversight controls.
McDonald’s offers to buy out Indian partner
McDonald's made a buyout offer to Vikram Bakshi as the giant fast food chain planned to effectively settle dispute between the two sides.
American Airlines wins bankruptcy judge’s approval
US Bankruptcy Judge Sean Lane approved American Airlines' petition to exit bankruptcy today at a court hearing held in Manhattan.
Latest News
UK banks would need another GBP50 billion on top of GBP13.7 billion to comply with both Basel III and Basel IV.
EU submits a list of proposals aimed to improve the EU telecommunications industry. In its newest attempt to overhaul the European Union's telecommunications industry, a proposal to place a price cap on cross border phone calls in Europe was made.
BlackBerry Ltd. was scheduled to meet with Canadian lawmakers to discuss the Investment Canada Act as investor concerns increased that a domestic buyout of the struggling company would no longer be possible.
Deutsche Bank AG was under review for excessive entertainment expenses made for pension fund executives.
Premier Li Keqiang said the Chinese economy was stable and that reforms would push through as planned.
Sheryl Sandberg met with the State Council Information Office (SCIO), an Internet regulator, in China yesterday.
The Telegraph reported that Royal Dutch Shell had postponed its refinery project worth USD 1.3 billion in eastern China.
Voters rejected the casino proposal of Hard Rock International for West Springfield, Massachusetts. The casino proposal of Hard International for West Springfield, Massachusetts was rejected by voters in West Springfield, Massachusetts.
The settlement paid out to investors for the collusion between Gen Re and AIG was already approved by US District Judge Deborah Batts.
