Sergei Shvetsov was named as the head of a new Russian "mega-regulator" to oversee the country's financial markets.
Legal & Regulatory
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.
Vodacom to invest TZS 200 billion for network expansion in Tanzania
Vodacom Tanzania announced plans for network expansion with TZS 200 billion investment. South Africa's Vodacom in Tanzania announced its plans to develop and grow in the country within the year.
China’s regulators seek confessions from foreign companies for antitrust violations
China's antitrust regulators placed pressure to thirty foreign firms as they seek confessions for antritrust violations on a closed-door meeting held last July 24 and 25.
Latest News
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.
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's Finance Ministry submitted a proposal to relax foreign ownership restrictions by allowing foreigners to increase voting shares in non-conditional industries.
