Banking regulations discouraging excessive use of retail credit cards caused Turkish equities to drop.
Legal & Regulatory
Japan gives approval for marketing of Bayer's Stivarga
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.
Falcone admits wrongdoing, agrees to SEC ban
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.
US Federal Reserve sees 18 banks weak in at least one capital area
The US Federal Reserve conducted a study and saw 18 of the largest banks in the country to be weak in one capital area.
Vietnam to relax foreign ownership limits
Vietnam's Finance Ministry submitted a proposal to relax foreign ownership restrictions by allowing foreigners to increase voting shares in non-conditional industries.
Latest News
Fonterra negated the Sri Lankan ban of the company's dairy products. Top dairy exporter, Fonterra of New Zealand, cried foul over the banning of its products in Sri Lanka last Friday.
JPMorgan Chase is being investigated by the SEC for possible wrongdoing. The anti-bribery unit of the US Securities and Exchange Commission is conducting an investigation as to the allegations that JPMorgan Chase & Co had hired the children of Chinese officials to boost its business.
China's State Council would be reviewing the laws and regulations regarding foreign investments in the country.
The Philippine Commission on Audit asked the Department of Budget and Management to issue guidelines for the release of public funds for different local projects.
Former press mogul Conrad Black was barred from directorships by the US Securities and Exchange Commission and ordered him to pay USD4 million to Chicago Newspaper Liquidation Corp.
China launched a fresh three-month slate to intensify its probe against rampant bribery in the medical services and pharmaceutical sectors in the country, according to the official Xinhua news agency.
A newspaper reported that German regulator BaFin probed Deutsche Bank over its anti-money laundering control.
Greek politicians are coming to a head on the issue of home foreclosure auctions. Greece would be lifting its restrictions on the implementation of home foreclosures in order to give banks the leeway to recover its bad loans.
In accordance with the new free trade zones, China planned to simply its legislation to attract foreign strategic and financial investors.
