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LONDON/HONG KONG: U.S. plans to delay globally-agreed reforms to make banks safer after the financial crisis will throw a system of international regulatory cooperation into confusion, European Union and Asian regulatory sources said on Tuesday.
BEIJING: Hong Kong’s rail operator plans to join forces with a state-owned mainland Chinese rail giant to bid to build a multibillion-dollar rail line between Malaysia and Singapore, in its first attempt to capitalise on China’s global trade and commerce strategy, a top official said.
SWIFT, the global bank messaging system, advised clients to pay close attention to security when selecting firms to help them access the network following the release of data that suggested the US government sought to spy on their clients.
(Reuters) - Hackers released documents and files on Friday that cybersecurity experts said indicated the U.S. National Security Agency had accessed the SWIFT interbank messaging system, allowing it to monitor money flows among some Middle Eastern and Latin American banks.
PARIS (Reuters) - French presidential candidate Emmanuel Macron will push to give more power to European finance ministers to set bank capital rules to boost credit flow in the economy, his adviser, French European parliamentarian Sylvie Goulard said on Wednesday.
LONDON: Banks are treading carefully, enacting two-stage contingency plans, to avoid losing nervous London-based staff as they work out how many jobs will have to move to continental Europe as Britain exits the European Union.
YANGON (Reuters) - One of China's biggest state-owned lenders has suspended an account used to fund ethnic rebels fighting government troops in Myanmar, halting an arrangement that could have stoked diplomatic tensions between Beijing and Myanmar.