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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.
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.
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.
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.
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.
TOKYO: Japan tightened regulations on high-frequency trading (HFT) this week, passing into law measures that will require HFT firms to register with regulators.
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.
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.