SHANGHAI (Reuters) – China’s central bank said it will adjust the legal framework around financial credit-scoring if needed, state media reported, an indication authorities may tweak guidelines for fintech firms on the amount and type of user data they can collect. In view of new concerns around the collection of credit data, the People’s Bank…
SHANGHAI (Reuters) -China’s cyberspace regulator said on Tuesday it will implement new rules from Feb. 15 that require platform companies with data for more than 1 million users to undergo a security review before listing their shares overseas. The Cyberspace Administration of China (CAC) also said such firms should apply for cybersecurity reviews before submitting…
(Reuters) – U.S. President Joe Biden could pick former Federal Reserve Governor Sarah Bloom Raskin as his choice for vice chair of supervision at the central bank, Axios reported on Monday, saying an announcement is expected as soon as this week. Raskin, who served in the Treasury Department in the Obama administration, could bring a…
SHANGHAI (Reuters) – China’s cyberspace regulator on Tuesday said it would implement rules that require any company with data for more than 1 million users to undergo a security review before listing its shares overseas from Feb. 15. It also said such firms should apply for cybersecurity reviews before submitting listing appliation to foreign securities…
By Brendan Pierson (Reuters) – A U.S. jury on Monday found Theranos founder Elizabeth Holmes guilty of conspiring to defraud investors in the blood testing startup, convicting her on four of 11 counts. Holmes, 37, was accused of defrauding investors and patients with her claims of revolutionizing lab testing with a machine that used a…
By Richa Naidu and Danielle Kaye CHICAGO (Reuters) -Walmart temporarily shut almost 60 U.S. stores in COVID-19 hotspots in December to sanitize them against the virus, in a sign the new Omicron variant is disrupting the retail industry. The Walmart stores – in locations including Texas and New Jersey – were closed for two days…
By Jane Lanhee Lee and Jody Godoy SAN JOSE, Calif. (Reuters) -A U.S. jury on Monday found Theranos founder Elizabeth Holmes guilty of conspiring to defraud investors in the blood testing startup. Holmes was convicted on four of 11 counts. She was acquitted on four counts and the jury could not reach a decision on…
(Reuters) – Lockheed Martin delivered a total of 142 F-35 fighter jets to the United States and its allies, three more than originally planned, the world’s largest defense contractor said on Monday. The company was expected to deliver between 133 and 139 jets in 2021. Last year, two new countries – Switzerland and Finland –…
By Nivedita Balu (Reuters) – Apple Inc on Monday became the first company with a $3 trillion stock market value, lifted by investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. On the first day of trading in 2022, the Silicon…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks closed higher on Monday, with Apple Inc hitting a $3 trillion market capitalization and Tesla Inc posting bumper delivery numbers, giving investors cheer on the year’s first trading day. Apple became the first company to reach that milestone and its shares ended higher. Tesla’s shares also…
