Prime Minister Shinzo Abe faced a tough test on whether or not permit foreign firms operating in Japan to easily fire out workers after IBM was sued for illegal termination of employees.
Legal & Regulatory
European Commission proposes an agency to shut and revamp troubled banks
The European Commission proposed the creation of a new agency that would close and revamp failed banks.
Merkel pushes for free trade but adds EU must not forget US spying
Angela Merkel wanted to push for free trade but told EU allies not to sweep America's secret surveillance under the carpet.
Financial benchmark reform might fall short on implementation
A global blueprint that was supposed to eradicate manipulation of benchmarks was expected to stumble due to patchy implementation.
Risk council designates AIG and GE Capital as systematically important
The Financial Stability Oversight Council designated American International Group and GE Capital as systemically important to the financial system.
Latest News
Perry Capital LLC investors filed a suit against the US Treasury and the Federal Housing Finance Agency for the bailout terms it had set for Fannie Mae and Freddie Mac.
Sebi announced its verdict on the dairy scheme utilized by HBN Dairies and Allied Ltd. Sebi made its move today to prevent an investment scheme involving public funds collection that were used to purchase cattle.
The Competition Commission of India (CCI) said that it would approve the proposed Jet-Etihad deal provided that the two carriers supply it with enough information.
India’s government held a meeting today with as many as eight banks as it weighed its options to sell the country’s debt abroad.
The FTC reviewed Tenet's acquisition of Emanuel Medical Center. The Federal Trade Commission (FTC) was reviewing the acquisition of Emanuel Medical Center by Tenet Healthcare.
Today, ADM was notified of an approved clearance by the South African Competition for its proposed acquisition of GrainCorp Limited.
US senators have announced a plan to reintroduce Glass-Steagall Act. U. S. Senator Elizabeth Warren, a Massachusetts Democrat, reported she and a team of lawmakers are introducing a bill geared at a revived Glass-Steagall Act.
C. Larry Pope said that there would not be any change in management following the US$4.7 billion takeover deal of Smithfield Foods Inc by Shuanghui International.
The US Securities and Exchange Commission, hoping for increased investor mobility, voted for the implementation of the JOBS Act.
