Edition:
India

Katanga Johnson

Top U.S. market's audit watchdog gives gloomy forecast for quality bookkeeping at U.S.-listed Chinese firms

10 Jul 2020

WASHINGTON An official with the U.S. Securities and Exchange Commission's (SEC) accounting oversight arm on Thursday said it sees "no prospects" of being able to properly do its job overseeing disclosures and preventing accounting fraud in China, amid ongoing consideration by the Trump administration of how to stave off the possible investor risk.

Top U.S. market's audit watchdog gives gloomy forecast for quality bookkeeping at U.S.-listed Chinese firms

10 Jul 2020

WASHINGTON, July 9 An official with the U.S. Securities and Exchange Commission's (SEC) accounting oversight arm on Thursday said it sees "no prospects" of being able to properly do its job overseeing disclosures and preventing accounting fraud in China, amid ongoing consideration by the Trump administration of how to stave off the possible investor risk.

U.S. consumer watchdog removes 'ability-to-pay' need from final payday loan rule

08 Jul 2020

WASHINGTON The U.S. Consumer Financial Protection Bureau on Tuesday issued its long-awaited payday lending measure that rescinds an Obama-era proposal requiring lenders first ensure a borrower is able to repay them.

Trump repeats vow to defeat 'radical left' in July Fourth speech

06 Jul 2020

WASHINGTON U.S. President Donald Trump on Saturday vowed to defeat the "radical left," in an Independence Day speech at the White House that condemned recent protests against monuments to historical figures as attempts to destroy the United States.

Trump approves five-week extension for small business pandemic loan applications

05 Jul 2020

WASHINGTON U.S. President Donald Trump on Saturday signed into law a deadline extension to August 8 for small businesses to apply for relief loans under a federal aid program to help businesses hurt by the COVID-19 pandemic, the White House said.

Washington braces as crowds converge for Trump's July Fourth fireworks, racial protests

04 Jul 2020

WASHINGTON, July 4 Hundreds of thousands of people are expected to converge on Saturday in the heart of Washington, where U.S. President Donald Trump will host an Independence Day fireworks display and military flyover, while protesters will march for racial equality.

SEC's Clayton stumbles on timeline of New York prosecutor's job

26 Jun 2020

WASHINGTON Appearing before U.S. lawmakers less than a week after his potential nomination for the top federal prosecutor's job in New York sparked a political storm, Securities and Exchange Commission Chairman Jay Clayton on Thursday stumbled when asked at what point he was informed he had been picked for the role. | Video

U.S. public more aware of racial inequality but still rejects reparations - Reuters/Ipsos polling

25 Jun 2020

WASHINGTON Americans are growing increasingly aware of racial inequality in the United States, but a large majority still oppose the use of one-time payments, known as reparations, to tackle the persistent wealth gap between Black and white citizens.

Ousting of U.S. prosecutor thrusts low-profile markets regulator into unwelcome spotlight

21 Jun 2020

WASHINGTON Friday's surprise decision by the U.S. Department of Justice to replace a top federal prosecutor has thrust one of the Trump administration's more low-profile, bipartisan officials into the spotlight, shocking people who know and have worked with him.

World News