Legal & Regulatory

Chickens

U.S. asks China to drop ban on poultry imports triggered by bird flu

U.S. Agriculture Secretary Tom Vilsack on Monday asked China to drop a ban on imports of U.S. poultry imposed because of an outbreak of bird flu in chickens and turkeys.

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Coal-fired power plant

Chinese banks must cut coal lending, shift to cleaner businesses: study

China needs to cut lending to coal-related industries and shift more financing to cleaner businesses in order to address a huge funding gap that is hindering the country's war on pollution, a study drawn up in part by central bank researchers said.

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Brokerage house

China overhauling IPO process, mulls foreign firms listing: report

China will switch to a "registration system" for initial public offerings (IPO), ending the current approval process, the official China Securities Journal reported on Tuesday, a day after parliament began reviewing draft changes to the Securities Law.

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Swedish flag

Swedish watchdog may raise banks' reserves to cool housing market

Sweden's financial watchdog may increase the amount of capital the country's banks must set aside as reserves in a bid to cool a red-hot housing market, it said on Tuesday.

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Chickens

U.S. presses Mexico to ease poultry import limits brought by bird flu

The United States is pressing Mexico, the top importer of U.S. chickens and turkeys, to relax restrictions imposed on poultry shipments because of an outbreak of a strain of avian flu deadly to birds, an Agriculture Department spokeswoman confirmed on Friday.

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Fracking site

Texas House approves bill that limits city bans on fracking

A bill that would stop Texas cities from enacting their own bans on hydraulic fracturing in the nation's top crude oil and natural gas producing state was approved on Friday in the state House of Representatives.

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Google

Google's EU showdown offers openings to competitors

Start small, win quick, then move on to bigger issues. That appears to be the European Union's strategy to pursue Google (GOOGL.O) in a competition dispute by choosing to push a narrow set of charges around its shopping service, while opening another investigation of Google's Android mobile phone software.

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Cigarettes

France tells cigarette companies to use plain packs

France, home of historic Gitanes and Gauloises cigarettes with their iconic blue-and-white packaging, will require all tobacco companies to sell their wares in plain boxes from next year in an anti-smoking crackdown.

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Google

EU accuses Google of hurting consumers, competitors in Web search case

The European Union accused Google Inc on Wednesday of cheating consumers and competitors by distorting Web search results to favor its own shopping service, after a five-year investigation that could change the rules for business online.

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Hillary Clinton

Clinton: Unfair that fund managers pay lower tax rate than truckers

Democrat Hillary Clinton blasted executive pay and tax rates for hedge-fund managers on Tuesday, using the first stop of her low-key campaign rollout in Iowa to highlight her promise to help Americans struggling toward economic recovery.

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China Red Flags

Global business groups urge China to suspend bank IT rules

Business associations from the United States, Japan and Europe told Chinese officials on Monday they still have "strong concerns" about bank information technology rules and urged Beijing to formally suspend them.

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Workers' Strike

Striking Lyondell Houston refinery workers to weigh final offer

More than 400 striking hourly workers represented by the United Steelworkers union (USW) at Lyondell Basell Industries' Houston refinery are scheduled to vote on the company's last, best and final offer on Monday and Tuesday, a local union official said on Sunday.

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Offshore oil platform

New U.S. offshore oil drilling rule planned: New York Times

The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc (BP.L) oil spill in the Gulf of Mexico, the New York Times reported on Friday, citing Obama administration officials.

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ExxonMobil

Exxon rejects Beaumont refinery union proposal; offers six-year pact

Exxon Mobil Corp (XOM.N) has rejected a contract offer from the United Steelworkers (USW) local chapter representing hourly workers at the company's Beaumont, Texas, refinery and renewed its offer of a six-year contract, a union official said on Wednesday.

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Poultry farm

Taiwan, Japan ban Ontario poultry over Canada bird flu

Japan and Taiwan have imposed trade restrictions on poultry and poultry products from Ontario, the Canadian Food Inspection Agency said on Tuesday, a day after bird flu was confirmed in the Canadian province.

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