Legal & Regulatory

People's Bank of China

PBOC cuts benchmark interest rates

Recently released Chinese data suggest a grim economic outlook for the country. Foreign direct investment has been consistently declining; consumer price index showed some stability this month but remained below 2 percent, flash manufacturing PMI also declined in November and gross domestic product fell to its slowest pace since the global financial crisis, registering 7.3 percent year-on-year expansion in the third quarter.

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Cruede Oil

Falling oil prices influencing global monetary policies

While the fall in the oil prices is generally regarded as positive for many businesses, it has a major influence on inflation expectations, interest rates and bond prices at the global level.

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Uber

Singapore to regulate taxi-booking apps Uber, GrabTaxi

Singapore said on Friday it plans to regulate fast-growing third-party taxi booking services like Uber and GrabTaxi for the first time, capping fees and requiring them to dispatch only licensed cabs and drivers.

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House

U.S. housing regulator to unveil mortgage fees framework in 2015

The top U.S. housing finance regulator said on Wednesday his agency would unveil a new framework in early 2015 for how government-controlled Fannie Mae and Freddie Mac will set mortgage guarantee fees.

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Bank of England

BOE minutes released from MPC meeting: bank rate vote split at 7-2 again

Today, the minutes of the MPC meeting held on 5th and 6th November was released. The Committee set monetary policy to meet the 2% inflation target in the medium term, and in a way that helped to sustain growth and employment.

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US Federal Reserve

Monetary policy divergence to drive forex markets in 2015

With US Fed likely to increase the interest rates by mid 2015 and ECB and BoJ keeping their monetary policy accommodative, there could be major capital flows from euro area and Japan into the US and thereby leading to further strengthening of the US dollar.

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Mario Draghi

ECB Draghi: Relationship of financial fragmentation and monetary policy & the Eurosystem’s collateral framework

Mario Draghi, President of the European Central Bank gave introductory remarks at the EP’s Economic and Monetary Affairs Committee on 17th November 2014. He mostly spoke about the ‘relationship of financial fragmentation and monetary policy’ and the ‘Eurosystem’s collateral framework’.

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London Stock Exchange

Vernalis Change of Year-End and Commercial Business Update

Vernalis plc today announces a change to its accounting reference date and financial year end from 31 December to 30 June and provides an update on its cough cold pipeline since it announced its half year result in August.

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Central Bank of Iran

Iran uses China bank to transfer funds to Quds-linked companies – report

There is no trace of Shenzhen Lanhao Days Electronic Technology Co Ltd at its listed address in the beige and pink-tiled "Fragrant Villa" apartment complex in this southern Chinese city. The building's managers say they’ve never heard of it.

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Chinese opera film

Many of China's TV shows, films are rubbish, minister says

Many of the television shows, movies and publications produced in China each year are rubbish, and the solution is to banish decadent themes and concentrate on uplifting social values instead, a senior government minister has said.

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U.S. President Barack Obama

Obama's immigration plan offers some relief, risk for tech sector

President Barack Obama's executive action on immigration is expected to include some modest changes to make it easier for technology companies to retain high-skilled workers frustrated by long and unpredictable waits for green cards.

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FDA Investigates Food Package Nutrition Claims

FDA says expects China to OK staff visas after two-year delay

The U.S. Food and Drug Administration said on Friday it expects China, after almost two years of delays, to soon approve visas that will allow the agency to more than double its staff in China.

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UBS

UBS looking to take back bonuses from forex traders

UBS AG, among the six banks fined this week for their role in the global foreign exchange scandal, is looking at clawing back bonuses from its traders.

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Wal-Mart is the top largest employer in the US

Walmart workers plan Black Friday protests over wages

A group of Walmart employees pushing for higher wages said on Friday they were planning protests at 1,600 Walmart stores nationwide on Black Friday, the biggest shopping day of the year in the United States.

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Shanghai Stock Exchange

China's banks to raise $10 billion in year-end preference share bonanza

Three of China's top 10 banks plan to issue up to 60 billion yuan ($9.79 billion) of preference shares by the end of the year, according to filings with the Shanghai Stock Exchange.

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