JAKARTA, March 21 (Reuters) – Indonesia’s parliament on Tuesday passed into law an emergency decree on jobs and investment, eliminating legal uncertainty hanging over measures President Joko Widodo has pushed to spur investment in Southeast Asia’s largest economy. The new law replaces the 2020 Jobs Creation law, which was praised by foreign investors for streamlining ...

WASHINGTON, March 20 (Reuters) – U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his presidency. “I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings ...

March 15 (Reuters) – The top U.S. markets regulator on Wednesday proposed a suite of new policies designed to harden the financial system against hacking, data theft and systems failure. With some dissents from Republican members, the Securities and Exchange Commission’s (SEC) five members voted at a public meeting to propose rules on protecting consumer ...

Document outlines fresh details of LME nickel trading halt LME head sought info on phone upon waking at 5:30 am -filing LME special committee did not meet on day trade was halted Operations team at LME suspended price bands overnight LONDON, March 10 (Reuters) – The head of the London Metal Exchange spent just 20 ...

PARIS, March 8 (Reuters) – The French government is looking at introducing tax incentives to spur investment in climate-friendly industrial projects as part of a planned green industry law, Finance Minister Bruno Le Maire said on Wednesday. Like many governments in Europe, Paris is concerned that its industrial sector could fall behind on green technologies ...

HOUSTON, March 6 (Reuters) – The United States is attracting investment in renewables through new legislation while the European Union’s rules could deter investors, the head of Spanish energy company Repsol said on Monday. “Speaking as a European, you are lucky guys,” Repsol Chief Executive Officer Josu Jon Imaz told the CERAWeek energy conference in ...

LONDON/BENGALURU, March 6 (Reuters) – The London Metal Exchange (LME) faces two fresh lawsuits, filings showed, from ten hedge funds and asset managers after it enraged investors last year by cancelling nickel trades. The world’s largest and oldest metals market annulled billions of dollars of nickel trades following chaotic price action and suspended trading for ...

WASHINGTON, March 4 (Reuters) – A program to address the risks of outbound U.S. investment in areas with sensitive technology potentially harmful to national security would cost $10 million if set up this fiscal year, according to a U.S. Treasury Department report obtained by Reuters. The report surfaced as President Joe Biden’s administration weighs restrictions ...

LONDON, March 3 (Reuters) – London’s High Court has ruled that the administrators of Sova Capital, a collapsed London broker formerly controlled by Russian banker Roman Avdeev, can employ a novel deal structure to swap a portfolio of Russian shares. In a case highlighting how the owners of Russian assets left almost impossible to trade ...

LONDON, March 2 (Reuters) – Britain’s Financial Conduct Authority (FCA) said it could change rules on trading data if it finds barriers to competition in a review of costs and investor access to the wholesale market. The FCA published a report on Thursday which found that competition is “not working as well as it should” ...