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IMF chief gives Deutsche Bank tough advice, says need deal on fine

IMF chief gives Deutsche Bank tough advice, says need deal on fine

IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany`s biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.

BMW recalls 120,000 cars over Takata air bags

BMW recalls 120,000 cars over Takata air bags

German carmaker BMW is recalling 120,000 cars in the United States for defective Takata air bags, German paper Bild reported on its website on Friday.

Google's self-driving car can be a driver: US regulators

Google's self-driving car can be a driver: US regulators

The National Highway Traffic Safety Administration told Google of its decision in a letter last week.  

Google mobile Android operating system under US antitrust scanner

Google mobile Android operating system under US antitrust scanner

The US Federal Trade Commission is investigating whether Google Inc is using its Android mobile operating system to stifle competition, a source familiar with the matter said on Friday.

Yahoo spinning off Alibaba stake to `Aabaco Holdings`

Yahoo spinning off Alibaba stake to `Aabaco Holdings`

Yahoo on Friday formally notified US regulators that it is spinning off its stake in Chinese e-commerce giant Alibaba to an independent new company called Aabaco Holdings.

Global banks to steer clear of Iran until sanctions finally go

International banks and most insurers are likely to steer clear of dealing with Iran for some time, fearing they could face more fines from U.S. regulators despite this week`s nuclear deal between world powers and Tehran.

US extends oversight of GM's handling of safety issues

US regulators will oversee General Motors Co`s decision-making about potential vehicle safety issues for an additional year, the National Highway Traffic Safety Administration said on Thursday.

Chinese e-commerce company Baozun files for US IPO

Chinese e-commerce company Baozun Inc filed with U.S. regulators for an initial public offering of American Depository Shares.

Amazon warns US FAA it could move more drone research abroad

Amazon.com Inc plans to shift more of its drone testing outside U.S. borders unless it gets quick permission from U.S. regulators to conduct outdoor trials, the company said in a letter to the Federal Aviation Administration late on Sunday.

US regulators to vote on treating Internet TV like cable

The vote by four FCC commissioners, two Democrats and two Republicans, would formally propose the idea and begin the process of seeking public comments.

Google sees spending $30 bn buying foreign firms

Google told US regulators that it could spend as much as USD 30 billion of its offshore cash reserves on buying foreign companies or technology rights, it emerged Wednesday.

Wearable camera maker GoPro files to go public

GoPro Inc, which makes wearable sports cameras and accessories, filed with U.S. regulators on Monday to raise up to USD 100 million in an initial public offering of common stock.

PIO to pay $14-mn in fine in US green card investment fraud

An Indian-origin man and two companies he founded will pay nearly USD 14 million in penalties to US regulators to settle charges that he raised about USD 158 million by defrauding hundreds of foreign investors who were seeking American residency.

Groups seek privacy review of Facebook-WhatsApp tie-up

Two privacy activist groups asked US regulators Thursday to put on hold the Facebook acquisition of messaging service WhatsApp to ensure against misuse of user data.

US 'not targeting' India, says FDA chief

US regulators are not targeting India, despite a series of import restrictions on drugs from the major US trading partner, the head of the US Food and Drug Administration said today.

Toyota close to $1 billion deal to settle US probe: Report

Toyota has been hit with more than 200 proposed class action and 500 individual lawsuits alleging personal injuries or property damage caused by the alleged acceleration problems.

US regulators, Bitcoin group discuss digital currency

US regulators and law enforcement agencies met on Monday with an advocacy group for Bitcoin, a digital currency that has been under fire for its purported role in facilitating anonymous money transfers.

US row a minor regulatory issue, says SBI

The State Bank of India on Thursday said it is confident of meeting the regulatory requirements at one of its US arms soon and also that it is working towards appointing more professionals, including banking secrecy executives, as desired by the regulators there.