Vietnam 

Việt Nam’s steel industry facing nearly 50 anti-dumping and –subsidy investigations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Steel is subjected to the highest number of trade defence investigations in the world because it is produced by many countries and is considered a product related to national security. — Photo diendandatdai.com HÀ NỘI — Việt Nam’s steel industry is facing 47 anti-dumping and anti-subsidy investigations from importing countries, accounting for one-third of the total cases of Vietnamese goods, according to a report from the Ministry of Industry and Trade (MoIT)’s Trade Defence Department. According to Phạm Châu Giang, deputy director of the department, steel is subjected to the highest number of trade defence…

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Home 

Standard Chartered to pay US$1.1 billion to resolve Iran sanctions investigations

Standard Chartered said on Tuesday that it agreed to pay US$1.1 billion to settle long-running investigations by United States and United Kingdom authorities into its handling of historical transactions by entities with connections to Iran and its financial crime controls.The settlements would allow the emerging markets lender to move beyond regulatory issues that have dogged it since the bank first reached an agreement with American regulators and prosecutors in 2012 over accusations that it… Source link

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Singapore 

Videos of driver giving PM Lee’s son a ride posted online: 2 men assisting with investigations, Singapore News

Two men are assisting with police investigations after videos showing a car driver asking Prime Minister Lee Hsien Loong’s son inappropriate questions while giving him a ride were posted on social media. In the videos, a 31-year-old Singaporean man had offered and given Mr Li Yipeng a ride in his private car. He can then be heard repeatedly asking Mr Li to confirm his identity, his residential address and the security arrangements for him. The videos started circulating on social media over the weekend, along with a screenshot of a…

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Singapore 

Man charged over armed robbery at foodcourt, investigations reveal possible inside job, Singapore News

SINGAPORE – Police were alerted to a case of armed robbery at a foodcourt last weekend, only to uncover later that it could have been an inside job, with a worker at the eatery being the mastermind of the heist. A 47-year-old man, Tan Lye Meng, whom the worker had allegedly roped in, was charged in court on Friday (March 8) with armed robbery. He was accused of arming himself with a knife to rob the Kopitiam management office at Block 11 Rivervale Crescent in Sengkang at around 11.45am on…

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Snap reveals US subpoenas on IPO disclosures as part of ongoing regulatory investigations

The US Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday. Snap said in a statement it has responded to the government subpoenas and other requests for information. The previously unreported federal inquiries follow an ongoing shareholder lawsuit in which investors allege that Snap misled the public about how competition from Facebook Inc’s Instagram service had affected the company’s growth. Snap said it believes that the federal regulators “are investigating…

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