GSK under scrutiny from China's NDRC. (Photo : Reuters)GSK under probe in China The National Development and Reform Commission or NDRC began a survey concerning production costs of over 60 firms situated in China.
Legal & Regulatory
Dayli Admitted to Concept Failure, Filed for Restructuring
Dayli, an Austrian drug store chain acknowledged that its neighborhood stores concept is not effective, and therefore filed for a restructuring on Thursday.
Infant Milk Price Cuts from Nestle and Danone as a response to China's probe
Two food giants, Nestle and Danone faced China's probe on the food sector for unethical practices with price cuts on infant milk formula.
Rongsheng Share Trading in HK Bourse Halted
Shipbuilder Rongsheng shares were stopped from trading in the Hong Kong Stock Exchange. (Photo : Reuters)The image is the Rongsheng Shipyard now under pressure.
Carbon Market Glut-Fix Plan gains Approval from EU Parliament
The European Parliament approved a plan that would fix carbon market glut and resolve problems regarding its price plunge.
Latest News
Bank of America expected to face Texas lawsuit and its corresponding fees (Photo : Reuters)Bank of America expected to face property fee suit filed Nueces County, Texas Bank of America Corp.
JP Morgan's US$546 million settlement with MF Global Trustee finally resolved (Photo : Reuters)JP Morgan $546 million settlement with MF Global relsolved US Bankruptcy Judge Martin Glenn and US District Judge Victor Marrero finally approved the settlement deal for JP Morgan Chase & Co.
Owning Bitcoin could become illegal if governments outlawed the digital currency due to unusual risks and decentralization.
JP Morgan Chase cleared Hannam of market abuse charges today. (Photo : Reuters)This is the logo of JP Morgan Chase. Ian Hannam said today that JP Morgan Chase & Company cleared him of any charges previously attributed to him.
Unipol dropped its own appeal against Italy's anti-trust regulator decision. The ruling required Unipol to sell US$2.2 billion worth of assets.
The Reserve Bank of India is implementing a notification for private placements from non bank financial firms.
Rifco Inc. issued common shares to employees under its Employee Share Ownership Plan. (Photo : Reuters)TSX Venture Exchange is a Canadian stock exchange that trades Rifco shares.
Nasdaq asked a judge to dismiss lawsuits filed by investors and argued that it is a self regulatory organization and could not be sued for actions taken as a part of its regulatory responsibilities.
HSBC Holdings Plc settled with the federal and state investigators's charges against it for US$1.92 billion.
