Tag: financial
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Britain seeks to fight the fat with soft drinks sugar levy
By Kate Kelland LONDON (Reuters) – Britain on Thursday launched a strategy aimed at curbing childhood obesity by taxing companies which sell sugar-laced soft drinks and investing that money in programmes to encourage physical activity and balanced diets for school children. Urging food and drinks firms to act swiftly to cut sugar in their products,…
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Dodd, Frank blast ruling that MetLife not too big to fail
(Reuters) – A federal court's striking down of the government's designation of insurer MetLife Inc as “too-big-to-fail” could undermine efforts to head off another financial crisis, authors of the landmark Dodd-Frank Wall Street reform law said.
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U.S. district judge strikes down designation of MetLife as ‘too big to fail’
U.S. District Judge Rosemary Collyer on Wednesday struck down the designation made by the heads of the country's financial regulatory agencies that major insurer Metlife Inc. is systemically important to the U.S. financial system. MetLife had argued in court that the Financial Stability Oversight Council (FSOC) used a secretive and flawed process when, in 2014,…
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India to get Japan’s bullet train, deepens defense and nuclear ties
By Nidhi Verma NEW DELHI (Reuters) – Japan will provide $12 billion of soft loans to build India's first bullet train, the two nations announced during a visit by Japanese Prime Minister Shinzo Abe that also yielded deeper defense ties and a plan for civil nuclear cooperation. Relations have strengthened between Asia's second and third…