EU nears deal on banking capital rules, risk of delay over Italy

By Francesco Guarascio BRUSSELS, May 24 : European Union finance ministers are likely to agree on Friday to new banking capital rules in a major step toward enhancing EU financial stability, but the deal could be delayed because Italy’s political crisis, EU officials said. The potential delay could be seen as a first sign of […]

China tightens grip on media with regulator reshuffle

By Pei Li and Christian Shepherd BEIJING, March 21 : China is consolidating film, news and publishing regulation under the powerful Communist Party publicity department, strengthening Beijing’s grip over content as the country looks to bolster its “soft power” domestically and overseas. The media shake-up, reported by Reuters on Wednesday and confirmed by the official […]

US attempt to limit Wall Street bonuses fizzles out quietly

By Lisa Lambert WASHINGTON, Jul 21: The regulatory agenda released by the Trump administration contained a signal that the US government has halted its work on restricting Wall Street executives’ bonuses and other pay incentives. The 2010 Dodd-Frank Wall Street reform law called for federal banking and securities regulators to create limits on incentive-based compensation […]

Indonesia sets tariff ranges for online car-hailing services

By Agustinus Beo Da Costa and Eveline Danubrata JAKARTA, Jul 2 : Indonesia has set minimum and maximum tariffs for online car-hailing services, aiming to ensure comparable pricing with conventional transport providers whose drivers have complained about being undercut by their newer competitors. Ride-hailing services such as US group Uber Technologies Inc, Southeast Asia’s Grab […]