Cuba Relaxes Rules on Foreign Investment
Cuba has announced that it will allow foreign investors into its wholesale and retail trade for the first time in 60 years. Deputy Trade Minister Ana Teresita Gonzalez said foreign … Read more
Financial Regulation
New Zealand and EU Sign Free Trade Deal
New Zealand and the European Union have officially signed a free trade deal, which will eliminate all remaining tariffs between the two trading partners while maintaining some protections for European … Read more
Biden Calls on Congress to Approve 90-Day Gas Tax Holiday
United States President Joe Biden will call on the US Congress to approve a 90-day gas tax holiday. “Today, he is calling on Congress and states to take additional legislative … Read more
EU Watchdog Eyes Crackdown on Misleading Ads for Online Financial Services
The European Union’s securities watchdog proposed on Friday that regulators should have more powers to scrutinize financial services to protect retail investors from misleading marketing strategies. The European Securities and … Read more
Europe Targets Big Tech With Digital Markets Act
European lawmakers on Thursday have agreed on new sweeping legislation that will regulate the market power of tech giants like Google, Amazon and Facebook. The Digital Markets Act (DMA), proposed … Read more
Biden Administration to Release Executive Order on Cryptocurrencies
The Biden administration is preparing to release an executive order to outline a government-wide strategy to regulate cryptocurrencies, according to reports. According to several reports citing unnamed sources familiar with … Read more
Thailand Eyes Regulating Cryptocurrency as Payments
Thailand is planning to regulate the use of digital assets as payments for goods and services to keep an eye on its risks on the country’s financial markets, its central … Read more
Italy Fines Amazon €1.13 Billion for Abuse of Market Dominance
Italian antitrust regulators imposed Amazon on Dec. 9 with a €1.13 billion ($1.28 billion) fine for alleged abuse of market dominance. The Autorità Garante della Concorrenza e del Mercato (AGCM) … Read more
EU Fines 5 Swiss, British Banks for Taking Part in Forex Cartel
The European Commission has fined five banks a combined €344 million ($390 million) for being involved in a foreign exchange trade cartel. Barclays, RBS, HSBC, and UBS were fined a … Read more
China Crackdown Pushes Hong Kong Out of Top Three IPO Venues
Hong Kong has been replaced by Shanghai in the world’s top three venues for stock listings as crackdowns in China’s private sectors continue to hurt investor sentiment. Shanghai took over … Read more