News Regulators Reviews 

Policy Daily Review July 19, 2018

Policy Daily Review for July 19, 2018 FED: Manufacturers in every corner of America are worried about Trump’s tariffs Manufacturers in all the Federal Reserve’s 12 districts are concerned about tariffs. The Fed’s Beige Book, with anecdotes from businesses across the country, showed companies that rely on steel and aluminum for production are grappling with higher costs.   Warren Buffett’s Berkshire stock set for biggest gain in 7 years; analyst cheers buyback policy change The Class B shares of Warren Buffett’s Berkshire Hathaway Inc. BRK.B, +5.27% jumped 5.5% in midday…

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News 

EU regulators charge Qualcomm with additional violation in pricing case

“BRUSSELS (Reuters) – EU antitrust regulators on Thursday charged Qualcomm with a new violation in a case where the U.S. chipmaker has been accused of selling chipsets below cost to drive out Nvidia Corp unit and British phone software maker Icera” writes Midwest Communications Inc for 95kqds.com. “The supplementary statement of objections sent today focuses on certain elements of the “price-cost” test applied by the Commission to assess the extent to which UMTS baseband chipsets were sold by Qualcomm at prices below cost,” the European Commission said.The EU enforcer had…

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Crypto News 

Coinbase says it never needed SEC approval to list security tokens

“Earlier this week, leading cryptocurrency exchange desk Coinbase announced it had gotten a stamp of approval from the US Securities and Exchange Commission (SEC) to close a trio of acquisitions that could allow the company to trade security tokens” writes July Utc for thenextweb.com. Paired with the now-denied SEC approval, many considered the announcement a harbinger of a new phase for Coinbase – one that would see the exchange add a number of less popular tokens to its platform.Still, Samani pointed out the exchange is unlikely to engage in the…

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News 

EU Hits Google With $5 Billion Fine for Breaking Antitrust Rules in Android Business

“For one, regulators claim that Google has required Android device manufacturers to pre-install the Chrome and Google Search apps to be able to license the Play Store app marketplace” writes Aaron Mak for slate.com. European Union regulators on Wednesday imposed a record-breaking 4.34 billion euro ($5 billion) fine on Google for breaking antitrust rules by using its Android phone business to “cement its dominant position in general internet search.” The European Commission also ordered Google to end its illegal practices within 90 days or face additional fines.Lastly, regulators accused Google…

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News 

EU slaps Google with record $5B fine for bundling its apps with Android

“The first is that Google has required manufacturers to preinstall the Google Search and Chrome apps on their devices as a condition of accessing the Play Store” writes Kyt Dotson for siliconangle.com. As part of today’s decision, Google has been ordered to halt the offending business practices and unbundle its apps from Android.According to the EU, the company has made partners’ access to Android contingent on several contractual terms that hurt rival search providers and other competitors.According to regulators, the company prevented manufacturers that sought to preinstall its apps from…

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News Regulators Reviews 

Policy Daily Review July 18, 2018

Policy Daily Review for July 18, 2018 EUR/GBP bulls back in charge despite government defeat over rebels However, Theresa May has seen off a damaging defeat in the House of Commons after the rebels attempted to force her to change her Brexit strategy. EUR   Big slippage in GBP/USD on turnaround victory for the government on trade bill amendment GBP/USD has been all over the place, initially in freefall on the back of the reports that Tory rebels were being threatened with a general election i   Breaking News: UK…

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News 

Google slapped with $5 billion fine by EU for Android antitrust breach

“European regulators say Google has required manufacturers to pre-install the Google Search app and Chrome app as a condition for licensing Google’s Play Store” writes Stan Schroeder for mashable.com. In June 2017, European regulators fined Google $2.72 billion for promoting its shopping comparison service over others in its search engine results.European antitrust regulators have fined Google with a 4.34 billion euro ($5.04 billion) fine for abusing its position in the smartphone market to increase the dominance of its search engine, the European Commission announced in a statement Wednesday.This is illegal…

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News Regulators Reviews 

Policy Daily Review July 17, 2018

Policy Daily Review for July 17, 2018 Monetary policy: Chair Powell testimony to Congress on 17 July – Nomura Analysts at Nomura explained that the Federal Reserve released its semiannual Monetary Policy Report ahead of Chair Powell testimony to Congress on 17   China State Planner: China has ample policy room to deal with shocks China State Planner is out on the wires stating the world’s second-largest economy has ample policy room to deal with uncertainties in the global econ   Brexit group fined, referred to police for violating spending…

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Crypto Markets News 

Global regulators start monitoring crypto assets

“It said its affiliate, the Basel Committee, which writes bank capital standards, is conducting an “initial stocktake” of banks’ exposures to crypto assets” writes Midwest Communications Inc for 95kqds.com. LONDON (Reuters) – Global regulators have published a framework for “vigilantly” monitoring risks from crypto assets like bitcoin and ether, even though they don’t pose a major risk to financial stability for now.Wild swings in crypto asset prices have prompted central bankers to warn investors they could lose every penny.The aim of the new framework is to spot any financial stability…

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News Regulators Reviews 

Policy Daily Review July 16, 2018

Policy Daily Review for July 16, 2018 Fed Monetary Policy Report Expresses Worry Over Trade Wars In a monetary policy report to Congress, the Federal Reserve voiced concerns over the intensification of trade tensions among other economic factors.   United States CFTC Gold NC net positions climbed from previous $78.3K to $81.4K United States CFTC Gold NC net positions climbed from previous $78.3K to $81.4K   United States CFTC Oil NC net positions down to 654.5K from previous 656.7K United States CFTC Oil NC net positions down to 654.5K from…

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