Smartphone maker Xiaomi says legal complaint against U.S. to protect its interests

© Reuters. FILE PHOTO: People wearing protective face masks visit Xiaomi brand’s store in Kyiv HONG KONG (Reuters) – Chinese smartphone maker Xiaomi (OTC:) Corp said on Sunday that its legal complaint against the U.S. Department of Defense and the Treasury Department was to protect the company’s interests, in a notice on the Hong Kong […]

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Pound Slides as Brexit Talks Hit Impasse, EU Starts Legal Action

© Reuters. Pound Slides as Brexit Talks Hit Impasse, EU Starts Legal Action (Bloomberg) — The pound tumbled after a report that Brexit talks were failing to close differences on a trade deal and the European Union planned legal action against the U.K. Sterling snapped a three-week winning streak after news that the U.K. and […]

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Goldman Sachs cuts quarterly earnings citing legal provisions

© Reuters. FILE PHOTO: The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange By Elizabeth Dilts Marshall NEW YORK (Reuters) – Goldman Sachs Group Inc (NYSE:) on Friday lowered its previously stated quarterly earnings as the bank set aside more money to pay for its settlement […]

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Dakota Access pipeline can keep running amid legal fight: U.S. court

© Reuters. FILE PHOTO: Police vehicles idle on the outskirts of the opposition camp against the Dakota Access oil pipeline near Cannon Ball NEW YORK (Reuters) – The Dakota Access oil pipeline can continue to operate amid an ongoing court battle, a U.S. Appeals Court said on Tuesday, setting aside for now a lower court’s […]

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IIF unveils new legal tool to ease G20 debt relief process

By Andrea Shalal WASHINGTON (Reuters) – The Institute for International Finance on Friday released a legal tool aimed at helping some of the world’s poorest countries take advantage of a suspension of debt payments offered by the Group of 20 major economies. The IIF, which groups more than 450 banks and other global financial institutions, […]

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GM seeks U.S. appeals court ruling to continue legal fight with Fiat Chrysler

© Reuters. The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe DETROIT (Reuters) – General Motors Co (N:) on Friday asked a U.S. appeals court to allow it to continue pursuing its civil racketeering suit against rival Fiat Chrysler Automobiles NV (N:) (MI:), rejecting a lower court judge’s belittling of […]

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EU starts legal actions against Luxembourg over money laundering, tax avoidance

© Reuters. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels BRUSSELS (Reuters) – The European Commission launched legal actions on Thursday against Luxembourg over laws to prevent money laundering and tax avoidance, it said in a statement. New EU rules to step up scrutiny of financial assets controlled by politicians […]

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