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Apple refused China request for source code in last two years: lawyer
April 20, 2016 by publisher · Leave a Comment
Apple Inc has been asked by Chinese authorities within the last two years to hand over its source code but refused, the company's top lawyer told lawmakers on Tuesday in response to U.S. law enforcement criticism of its stance on technology security. The congressional testimony highlighted an issue at the heart of a heated disagreement between Apple and the FBI over unlocking encrypted data from an iPhone linked to last December's San Bernardino, California shootings – how much private technology companies should cooperate with governments. Law …
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Apple refused China request for source code in last two years: lawyer
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McDonald’s targeting buyout firms as it seeks to sell North Asia stores
April 14, 2016 by publisher · Leave a Comment
McDonald's Corp is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources (Holdings) for its planned sale of 2,800 restaurants in North Asia, people familiar with the matter told Reuters. The U.S. fast food giant is adopting a new business model in Asia, which is now the most intense battleground for global restaurant …
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McDonald’s targeting buyout firms as it seeks to sell North Asia stores
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Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices
April 11, 2016 by admin · Leave a Comment
By Lisa Jucca HONG KONG (Reuters) – The Bank of Italy is carrying out an on-site inspection at the Italian offices of Bank of China Ltd , a Chinese state-owned bank already facing accusations of aiding illicit money flows from Italy to China, a source familiar with the situation said. Italian prosecutors are seeking to bring 297 people, mostly Chinese, as well as the Milan branch of Bank of China to trial on charges of allegedly smuggling more than 4.5 billion euros ($5.12 …
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Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices
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Microsoft told potential Yahoo bidders it might back bids: report
March 26, 2016 by admin · Leave a Comment
(Reuters) – Microsoft Corp executives are in talks with equity firms considering bids for Yahoo Inc! saying that Microsoft might be willing to offer “significant financing” for their efforts, tech news site Recode reported on Thursday. Microsoft's move is an attempt to ensure a good relationship with Yahoo's buyer, the website reported. Yahoo launched an auction of its core
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Microsoft told potential Yahoo bidders it might back bids: report
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Sichuan Hanlong Group insider trader jailed in Australia
March 13, 2016 by publisher · Leave a Comment
SYDNEY (AP) — An Australian court has sentenced a Chinese former executive to more than eight years in prison for insider trading in 2011 when his privately-owned energy conglomerate Sichuan Hanlong
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Sichuan Hanlong Group insider trader jailed in Australia
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Big U.S. banks to take on tech rivals with instant payments
March 9, 2016 by creative · Leave a Comment
By David Henry NEW YORK (Reuters) – Depositors at some of the largest U.S. banks are finally going to get the chance to do something quick and simple: send money to another person's account instantaneously by mobile phone. “What we are doing now is delivering payments in real time, which is what our customers have asked for,” Mary Harman, managing director for payments at Bank of America, said in an interview. While technology companies like PayPal Holdings and Facebook Inc…
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Big U.S. banks to take on tech rivals with instant payments
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Canon to buy Toshiba Medical for around $6.2 billion: Nikkei
March 9, 2016 by admin · Leave a Comment
TOKYO (Reuters) – Japan's Canon Inc is set to buy Toshiba Corp's medical equipment unit for 700 billion yen ($6.2 billion), beating rival Fujifilm Holdings Corp in a hotly contested auction, the Nikkei business daily reported on Wednesday.
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Canon to buy Toshiba Medical for around $6.2 billion: Nikkei
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Sharp’s banks set to offer additional aid as part of Foxconn deal: source
March 9, 2016 by elegant · Leave a Comment
By Taro Fuse TOKYO (Reuters) – Sharp Corp's two main banks are set to lower interest rates on billions of dollars in loans and offer other financial support as part of a planned takeover by Taiwan's Foxconn, a source with direct knowledge of the plan said. The core banking units of Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group Inc have extended the vast majority of Sharp's 510 billion yen ($4.5 billion) in syndicated loans which are…
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Sharp’s banks set to offer additional aid as part of Foxconn deal: source
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China’s ZTE says suppliers need to apply for U.S. export license
March 9, 2016 by admin · Leave a Comment
By Donny Kwok HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp said on Wednesday its suppliers must seek licences to provide materials, in line with newly imposed U.S. restrictions on the company. The news, confirming a Reuters report on Tuesday, comes a day after the U.S. Commerce Department slapped export restrictions on ZTE for alleged Iran sanctions violations, a move that is expected to disrupt its sprawling global supply chain. The U.S. …
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China’s ZTE says suppliers need to apply for U.S. export license
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Obama, Southeast Asia leaders eye China and trade at California summit
February 15, 2016 by publisher · Leave a Comment
President Barack Obama will press leaders from Southeast Asia to boost trade and back common goals for the South China Sea during a summit starting on Monday that the White House hopes will solidify U.S. influence in the region. Obama will also discuss curbing North Korea and plans…
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Obama, Southeast Asia leaders eye China and trade at California summit