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China’s draft cybersecurity rules pose risks for financial firms, lobby group warns

June 2, 2022
China's draft cybersecurity rules pose risks for financial firms, lobby group warns - photo licensed by shore news network.

By Selena Li HONG KONG – China’s proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data …

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China to take necessary measures to protect domestic firms from U.S. blacklist – Commerce Ministry

June 2, 2022
China to take necessary measures to protect domestic firms from u. S. Blacklist - commerce ministry - photo licensed by shore news network.

BEIJING – China’s commerce ministry said on Thursday it will adopt necessary measures to protect the legitimate interests of Chinese companies after the U.S. said …

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Japan price pressures mount as firms ditch ‘deflation’ model, says BOJ official

June 2, 2022
Japan price pressures mount as firms ditch 'deflation' model, says boj official - photo licensed by shore news network.

By Leika Kihara TOKYO -Japan may see inflationary pressure build as more companies shift away from a business model that worked under a prolonged period …

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Firms in India’s ancient shoe capital squeezed by costs, fading demand

June 1, 2022
Firms in india's ancient shoe capital squeezed by costs, fading demand - photo licensed by shore news network.

By Manoj Kumar AGRA, India – In his small shoe factory in the Indian city of Agra, Rajesh Kumar, his two brothers and three workers …

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Exclusive-Russian oil firms to reopen wells in June banking on demand rally, sources say

May 31, 2022
Exclusive-russian oil firms to reopen wells in june banking on demand rally, sources say - photo licensed by shore news network.

(Reuters) – Russian oil companies led by Rosneft plan to re-open wells in June which they had shut due to Western sanctions, four sources said, …

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UK audit shake-up targets big firms after spate of corporate failures

May 30, 2022
Uk audit shake-up targets big firms after spate of corporate failures - photo licensed by shore news network.

By Huw Jones LONDON – Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS …

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China central bank urges more lending to small firms amid COVID shocks

May 25, 2022
China central bank urges more lending to small firms amid covid shocks - photo licensed by shore news network.

BEIJING -China’s central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions’ confidence to lend funds, as policymakers …

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Rouble firms to 4-yr high vs dollar as Russian debt payment licence expires

May 25, 2022
Rouble firms to 4-yr high vs dollar as russian debt payment licence expires - photo licensed by shore news network.

(Reuters) – The Russian rouble firmed past 56 against the dollar on Wednesday for the first time since 2018, and touched a seven-year high against …

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Goldman Sachs expects one third of HY China property firms to default in 2022

May 20, 2022
Goldman sachs expects one third of hy china property firms to default in 2022 - photo licensed by shore news network.

LONDON – Goldman Sachs said on Friday it now expects around one third of high-yield China property firms to default in 2022, with stresses on …

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Inflation crimps Indian firms as rural millions cut spending

May 20, 2022
Inflation crimps indian firms as rural millions cut spending - photo licensed by shore news network.

By Krishna N. Das and Aftab Ahmed NEW DELHI – Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for …

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Tech firms ask U.S. Supreme Court to block Texas social media law

May 13, 2022
Tech firms ask u. S. Supreme court to block texas social media law - photo licensed by shore news network.

WASHINGTON – Lobbying groups representing Facebook, Twitter, Google and other tech companies filed an emergency request with the U.S. Supreme Court on Friday, seeking to …

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Top Wall Street firms, Ford to disclose directors’ race and gender

May 12, 2022
Top wall street firms, ford to disclose directors' race and gender - photo licensed by shore news network.

By Ross Kerber (Reuters) – Four top Wall Street firms and Ford Motor Co will start to disclose the race and gender of individual directors …

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Moscow lawyers target more cases against Western firms that leave Russia

May 12, 2022
Moscow lawyers target more cases against western firms that leave russia - photo licensed by shore news network.

(Reuters) – A Moscow law firm that has filed cases against Apple and Netflix over what it says are consumer rights violations is aiming to …

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Canada banks face ‘greenwashing’ claims as oil & gas firms obtain sustainable financing

May 12, 2022
Canada banks face 'greenwashing' claims as oil & gas firms obtain sustainable financing - photo licensed by shore news network.

By Nichola Saminather TORONTO – For banks in Canada, one of the world’s largest oil producers, it’s not easy being green. In the past two …

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Financial firms face $225 billion in water-related losses, analysis estimates

May 4, 2022
Financial firms face $225 billion in water-related losses, analysis estimates - photo licensed by shore news network.

By Simon Jessop and Tommy Wilkes LONDON – Financial institutions face losses of at least $225 billion from risks related to water, with a third …

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Brazil to raise tax on net income of banks, financial firms

April 29, 2022
Brazil to raise tax on net income of banks, financial firms - photo licensed by shore news network.

SAO PAULO – Brazil’s government will increase taxes on banks and financial institutions on Thursday, the official gazette showed, in a bid to fund a …

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China says U.S. cutting tariffs on Chinese goods would be in interest of U.S. firms, consumers

April 28, 2022
China says u. S. Cutting tariffs on chinese goods would be in interest of u. S. Firms, consumers - photo licensed by shore news network.

BEIJING – China’s Commerce Ministry said on Thursday that if Washington cut tariffs on Chinese goods, it would be in the interests of U.S. firms …

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Crypto firms seek clearer U.S. rules on their interest-bearing products

April 27, 2022
Crypto firms seek clearer u. S. Rules on their interest-bearing products - photo licensed by shore news network.

By Hannah Lang (Reuters) – Cryptocurrency companies said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead …

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France gives leeway on food labels as firms switch from sunflower oil

April 26, 2022
France gives leeway on food labels as firms switch from sunflower oil - photo licensed by shore news network.

PARIS – France will give food companies up to six months to change product labels to reflect recipe changes if they replace sunflower oil, supplies …

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Poland sanctions Gazprom among 50 Russian firms and oligarchs

April 26, 2022
Poland sanctions gazprom among 50 russian firms and oligarchs - photo licensed by shore news network.

WARSAW -Poland is imposing sanctions on 50 Russian oligarchs and companies, the interior minister said on Tuesday, as it seeks to increase pressure on Moscow …

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Vaccines company Valneva secures new financing with U.S firms Deerfield and OrbiMed

April 26, 2022
Vaccines company valneva secures new financing with u. S firms deerfield and orbimed - photo licensed by shore news network.

PARIS – French vaccines company Valneva, which is aiming to get European approval for its COVID-19 vaccine product, said it had secured new financing with …

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Proxy advisory firms urge Ventas investors to reject activist’s bid for board seat

April 20, 2022
Proxy advisory firms urge ventas investors to reject activist's bid for board seat - photo licensed by shore news network.

BOSTON – Proxy advisory firms Glass Lewis and Institutional Shareholders Services urged investors in healthcare real estate trust Ventas Inc to back management’s director candidates …

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Russia tweaks tax code to make it easier for foreign firms to pay in roubles

April 20, 2022
Russia tweaks tax code to make it easier for foreign firms to pay in roubles - photo licensed by shore news network.

(Reuters) – Russian lawmakers on Wednesday passed an amendment to the tax code that they said would make it easier for foreign companies to open …

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China to accelerate VAT credit rebates for small firms – finance ministry

April 20, 2022
China to accelerate vat credit rebates for small firms - finance ministry - photo licensed by shore news network.

BEIJING – China’s finance ministry and tax regulator on Wednesday said they will accelerate Value Added Tax (VAT) credit rebates for small firms. Medium-sized manufacturing …

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Taiwan firms in China hub make uneven restart from COVID curbs

April 20, 2022
Taiwan firms in china hub make uneven restart from covid curbs - photo licensed by shore news network.

TAIPEI -Taiwan firms making chip and electronic components reported a mixed picture on Wednesday on work resumption in the eastern Chinese city of Kunshan after …

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Proxy firms back Bombardier stock consolidation plan, split on two board members

April 19, 2022
Proxy firms back bombardier stock consolidation plan, split on two board members - photo licensed by shore news network.

MONTREAL – Proxy firm ISS joined Glass Lewis to back a Bombardier Inc proposal to reduce the number of its common shares, in a move …

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China’s state asset regulator vows to ensure debt risks of centrally administered state firms controllable

April 19, 2022April 19, 2022

BEIJING – China’s state asset regulator vowed on Tuesday to ensure that the debt risks of centrally administered state-owned enterprises are controllable. Peng Huagang, spokesman …

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BOJ Gov Kuroda: “recent sharp yen weakening” could impact firms’ profit plans

April 17, 2022
Boj gov kuroda: "recent sharp yen weakening" could impact firms' profit plans - photo licensed by shore news network.

TOKYO – Bank Of Japan Governor Haruhiko Kuroda said on Monday that the recent sharp weakening in the yen could impact on Japanese firms’ earnings …

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Italy to set up unit to scrutinise takeovers of strategic firms -sources

April 11, 2022
Italy to set up unit to scrutinise takeovers of strategic firms -sources - photo licensed by shore news network.

By Giuseppe Fonte ROME – Italy plans to beef up its scrutiny of corporate takeovers with a new dedicated division at the cabinet office to …

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Exclusive-Buyout firms GTCR, CD&R circle Merit Medical -sources

April 8, 2022April 8, 2022
Exclusive-buyout firms gtcr, cd&r circle merit medical -sources - photo licensed by shore news network.

By Chibuike Oguh (Reuters) – GTCR LLC and Clayton, Dubilier & Rice (CD&R) are among private equity firms that have expressed interest in acquiring U.S. …

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U.S. House approves $55 billion in new COVID-19 aid for restaurants, other hard-hit firms

April 7, 2022
U. S. House approves $55 billion in new covid-19 aid for restaurants, other hard-hit firms - photo licensed by shore news network.

WASHINGTON – A majority of the U.S. House of Representatives on Thursday voted to approve a $55 billion COVID-19 aid bill aimed at helping restaurants …

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Russian lawmakers vote for delisting of Russia-registered firms from foreign bourses

April 6, 2022
Russian lawmakers vote for delisting of russia-registered firms from foreign bourses - photo licensed by shore news network.

(Reuters) – Russia’s lower house of parliament has passed in a third and final reading on Wednesday a bill on delisting of companies that are …

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China’s cash-strapped Kaisa in strategic pact with state firms

April 5, 2022
China's cash-strapped kaisa in strategic pact with state firms - photo licensed by shore news network.

HONG KONG – Cash-strapped Kaisa Group entered into a strategic co-operation agreement with state-owned China Merchants Shekou Industrial Zone Holdings and China Great Wall Asset …

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Russia draws up law to force taxi firms to share data with FSB -document

March 29, 2022
Russia draws up law to force taxi firms to share data with fsb -document - photo licensed by shore news network.

(Reuters) – Russia’s transport ministry has drawn up a law that would oblige taxi companies to share data with the Federal Security Service (FSB), a …

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China says to exempt 3% VAT levied on some small firms

March 24, 2022
China says to exempt 3% vat levied on some small firms - photo licensed by shore news network.

BEIJING – China will exempt the 3% Value Added Tax (VAT) levied on some small firms, the country’s main source of jobs, the finance ministry …

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U.S. will ‘absolutely’ hit Chinese firms if they violate export controls on Russia, says Raimondo

March 23, 2022
U. S. Will 'absolutely' hit chinese firms if they violate export controls on russia, says raimondo - photo licensed by shore news network.

By Andrea Shalal WASHINGTON -The United States will “absolutely” enforce export controls if Chinese companies send semiconductors to Russia that were made with U.S technology, …

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U.S. firms want pending natgas pipeline projects excluded from emissions rules

March 23, 2022
U. S. Firms want pending natgas pipeline projects excluded from emissions rules - photo licensed by shore news network.

– Energy firms said they do not want U.S. federal energy regulators to apply new greenhouse gas emission guidelines to currently pending gas pipeline applications. …

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ECB warns crypto firms against sanctions busting

March 22, 2022
Ecb warns crypto firms against sanctions busting - photo licensed by shore news network.

FRANKFURT – Cryptocurrencies are being used to avoid sanctions levied against some Russian individuals and the European Central Bank has warned firms in that industry …

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China to give 1 trillion yuan tax rebates to small firms – CCTV cites cabinet meeting

March 21, 2022
China to give 1 trillion yuan tax rebates to small firms - cctv cites cabinet meeting - photo licensed by shore news network.

BEIJING – China will give nearly 1 trillion yuan ($157 billion) in tax rebates to domestic small firms to shore up economic stability, state media …

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China cuts income tax for some small firms to 20% – finance ministry

March 18, 2022
China cuts income tax for some small firms to 20% - finance ministry - photo licensed by shore news network.

BEIJING -China will cut income tax for some small firms to 20% from 25%, the finance ministry said on Friday, as part of steps to …

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Russia’s VTB to hand over servicing of foreign securities to other firms – TASS

March 17, 2022
Russia's vtb to hand over servicing of foreign securities to other firms - tass - photo licensed by shore news network.

– Russia’s second-largest state lender VTB, which has been targeted by Western sanctions, said on Thursday it would hand over servicing of foreign securities to …

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China says to protect rights of its telecoms firms after U.S. move

March 17, 2022
China says to protect rights of its telecoms firms after u. S. Move - photo licensed by shore news network.

BEIJING – China opposes a U.S. crackdown on its telecom companies, the commerce ministry said on Thursday, after a U.S. regulator stripped Pacific Networks and …

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China’s Shenzhen city says will allow firms to resume work in an orderly manner

March 16, 2022
China's shenzhen city says will allow firms to resume work in an orderly manner - photo licensed by shore news network.

SHANGHAI – Shenzhen city in China, a key technology and manufacturing hub that had halted operations of companies to tackle rising COVID-19 cases, will allow …

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Russia to include electronics firms on list of essential companies -report

March 12, 2022
Russia to include electronics firms on list of essential companies -report - photo licensed by shore news network.

– Russia’s trade and finance ministries will widen the criteria for systematically important firms to include companies from the electronics sector, the TASS news agency …

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Mercedes-Benz firms up plans for 2,500-tonne battery recycling plant

March 11, 2022
Mercedes-benz firms up plans for 2,500-tonne battery recycling plant - photo licensed by shore news network.

FRANKFURT – Luxury carmaker Mercedes-Benz AG on Friday firmed up plans to build a battery recycling pilot plant in Germany, part of a trend in …

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Russia’s central bank offers crisis support to finance firms

March 8, 2022
Russia's central bank offers crisis support to finance firms - photo licensed by shore news network.

LONDON – Russia’s central bank announced on Tuesday a series of steps to help financial market players such as private pension funds and management companies …

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Palladium firms near record, gold accelerates as Ukraine worries mount

March 8, 2022
Palladium firms near record, gold accelerates as ukraine worries mount - photo licensed by shore news network.

By Bharat Gautam – Palladium hovered marginally below an all-time peak in volatile trading on Tuesday as the Russia-Ukraine crisis fuelled worries of a supply …

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Palladium firms near all-time peak on Ukraine, gold above $2,000/oz

March 8, 2022
Palladium firms near all-time peak on ukraine, gold above $2,000/oz - photo licensed by shore news network.

By Bharat Gautam – Palladium attempted to consolidate off an all-time peak in volatile trading on Tuesday as the Russia-Ukraine crisis fuelled worries of a …

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Brazil meat firms could replace Ukrainian, Russian suppliers as war rages on

March 7, 2022
Brazil meat firms could replace ukrainian, russian suppliers as war rages on - photo licensed by shore news network.

By Nayara Figueiredo SAO PAULO – Soaring grain prices in the wake of Russia’s attack on Ukraine are hurting Brazilian meatpackers, but trade disruptions facing …

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UK chairman of Polymetal among ‘mass exodus’ from Russian firms

March 7, 2022
Uk chairman of polymetal among 'mass exodus' from russian firms - photo licensed by shore news network.

By Sachin Ravikumar -Board members at Russian companies, including the British chairmen of gold and silver producer Polymetal and metals and hydropower group EN+, have …

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