China's central bank said it would include all loans issued by trust companies in its database in an effort to curb risky lending.
Legal & Regulatory
Jesta to refund clients' money, pay USD1.2 million to FTC on mobile charges
Jesta Digital LLC would refund its clients and pay USD1.2 million to the Federal Trade Commission over claims that Jesta included unwarranted fees to consumers' cellphone bills.
Netflix stockholders fail to persuade US judge over streaming lawsuit
US District Judge Samuel Conti dismissed a court case filed by the shareholders of Netflix Inc due to failure to resolve shortcomings.
Animal testing complicates L’Oreal expansion
L'Oreal's planned expansion into China's beauty markets had been burdened with complications as the country mandates animal testing for every new product introduced to Chinese consumers.
Everbright's proprietary head gets suspended after trading errors
After Everbright Securities Co. made erroneous buy orders of CNY23.4 billion last August 16, the state-backed firm suspended the head of its proprietary trading division.
Latest News
Norway said its sovereign wealth fund could now include Africa Israel Investments and its subsidiary company Danya Cebus in its investment portfolio.
Sergei Shvetsov was named as the head of a new Russian "mega-regulator" to oversee the country's financial markets.
JPMorgan Chase had identified possible candidates for new directors of the bank's board . JPMorgan Chase & Co is near to identifying the company's two newest directors, according to Reuters' source.
IVG Immobilien sought protection from its creditors in court in Bonn after failing to reach an agreement to refinance its debt.
UK regulator warns Cineworld might have to let go of three complexes. Cineworld might just have to let go of their recently acquired complexes at Aberdeen, Bury St Edmunds and Cambridge as the Competition Commission released their provisional findings last Tuesday.
Vietnam announced plan to ban free chat applications to protect network providers in the country. The Vietnam government proposed a possible prohibition of free Internet chat applications.
Everbright Securities Co. faced a three month restriction on joining any property trading after it erroneously priced government bonds worth CNY10 million.
Bayer Healthcare said it received approval to market its cancer treatment Stivarga in Japan. Bayer Healthcare announced it had received regulatory approval to market its cancer drug Stivarga in Japan.
Billionaire Philip Falcone agreed to a five year ban in the securities industry and admits wrongdoing in the allegations filed by the US Securities and Exchange Commission.
