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Lucent’s possible violation of US law highlights China risks
Revelations that Lucent Technologies Inc's senior executives in China may have violated US law banning the payment of bribes overseas is unlikely to be an isolated case in a country where corruption is common despite government campaigns to stamp it out, analysts said.
Myanmar president okays law on central bank autonomy
YANGON: Myanmar’s president has signed a law giving the central bank more autonomy from the Finance Ministry and opening the way for development of the fledgling banking sector.
RAM to hold forum on competition law
A conference on I>Competition Law in Malaysia/Iwill be held next Monday to inculcate awareness of the need for the corporate sector to strategise and align their business practices accordingly.
Commentators say new Indonesia mining law ‘will deter foreign investors’
JAKARTA: A new law limiting foreign ownership in Indonesia’s mining industry to 49% is likely to put off investors, who have poured billions into the industry, industry commentators said.
EU drafts law in response to China protectionism
FRANKFURT: The European Union is drafting a law in response to Chinese protectionism in public markets, EU trade commissioner Karel De Gucht told the German Focus magazine in an interview.
US said to weigh emergency law for China investment crackdown
WASHINGTON: The Trump administration is considering a crackdown on Chinese investments in technologies the U.S. deems sensitive by invoking a law reserved for national emergencies, among other options, according to people familiar with the matter.
Uber hires law firm to probe how it handled India rape case
SAN FRANCISCO/NEW DELHI: Uber Technologies Inc has hired a law firm to investigate how it obtained the medical records of an Indian woman who was raped by an Uber driver in 2014. The review will focus in part on accusations from some current and former employees that bribes were involved, two people familiar with the matter told Reuters.
Japan passes law to tighten regulations on high-frequency trading
TOKYO: Japan tightened regulations on high-frequency trading (HFT) this week, passing into law measures that will require HFT firms to register with regulators.
Thai cabinet approves law to allow central bank to invest in equity
BANGKOK: Thailand’s cabinet on Tuesday approved a law change to allow the central bank to invest international reserves in equity instruments overseas to help diversify risks, the central bank governor said.
France boosts say on GE-Alstom deal with takeover law
PARIS: The French government has issued a decree allowing it to block foreign takeovers of French firms in “strategic” sectors, throwing up a potential roadblock to General Electric’s (GE) US$16.9bil bid for Alstom’s energy assets.
