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Websites and online advertisers test limits of European privacy law
SAN FRANCISCO: Businesses engaged in online advertising are taking divergent approaches to a new European data protection law, with some shutting services to ensure compliance while others test the limits of what regulators will allow, a Reuters review shows.
New US tax law limited impact on China, says Moody's
SINGAPORE: Moody's Investors Service says that the new US tax law passed in December will not have material credit implications for China (A1 stable), one of the largest trading partners of the US, nor for Chinese companies, in terms of bilateral trade, the foreign exchange market, cross-border investment flows, and tax competition.
JPMorgan rolls out US$20b investment plan after tax law gains
NEW YORK: JPMorgan Chase & Co unveiled a US$20 billion investment plan on Tuesday to increase wages, hire more, open new branches and expand its business as it takes advantage of sweeping changes to the U.S. tax law and improved regulatory environment.
Goldman expects RM20bil hit to quarterly earnings due to new tax law
BENGALURU: Goldman Sachs Group Inc said on Friday it expects fourth-quarter earnings to decrease by about US$5bil (RM20.3bil) due to the new US tax law signed by President Donald Trump last week.
Panama raids offices of Mossack Fonseca law firm
PANAMA CITY: Panama's attorney general late on Tuesday raided the offices of the Mossack Fonseca law firm to search for any evidence of illegal activities, authorities said in a statement.
NY judge OKs law firm's US$14mil fees in Madoff liquidation
NEW YORK: A judge on Thursday approved the payment of US$14.6 million in fees charged by a Manhattan law firm working with a court-appointed trustee to unravel Bernard Madoff's massive fraud.
Germany passes law limiting executive pay
BERLIN: Germany passed a law Thursday that limits the salaries top executives are allowed to earn and encourages companies to focus on long-term strategies and performance.
New law to protect property buyers
The rights of buyers of common properties like apartments and condominiums prior to issuance of strata titles will be protected with a proposed new law to appoint a housing commissioner at state level.
New law to curb unscrupulous practices through the pyramid scheme
A new law will be formulated to curb unscrupulous practices through the pyramid scheme in the direct-selling business, Domestic Trade and Consumer Affairs Minister Datuk Mohd Shafie Apdal said Thursday.
Japan passes law to lower payouts on policies
Japan's Parliament has passed a law allowing ailing insurers to lower payouts promised to policyholders, a step that could provide much-needed relief to a financial sector that has been hit hard by the country's near-zero interest rates.
