Reality Master

News for nerds

Malaysia, 1MDB seeking more than $5.6 bln in damages from KPMG partners

Malaysia’s government and state fund 1Malaysia Development Berhad (1MDB) are seeking over $5.6 billion in damages from KPMG partners for alleged breaches and negligence linked to a corruption scandal at

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China widens clampdown on overseas listings with pre-IPO review of firms with large user data

China’s cyberspace regulator said on Saturday any company with data for more than 1 million users must undergo a security review before listing its shares overseas, broadening a clampdown on

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Chinese antitrust regulator blocks Tencent’s $5.3 bln video games merger

China’s market regulator on Saturday said it would block Tencent Holdings Ltd’s (0700.HK) plan to merge the country’s top two videogame streaming sites, Huya (HUYA.N) and DouYu , on antitrust

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Britain carves out exemption for gold clearing banks from Basel III rule

Banks clearing gold trades in London can apply for an exemption from tighter capital rules due in January 2022, a British regulator said on Friday, removing what some said was

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France pushes for 25% target for taxing multinationals’ super-profits

Countries should be able to tax a quarter of big multinationals’ profits no matter where they are earned, France proposed on Saturday at a G20 finance ministers meeting focused on

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China’s RRReminder that economies remain fragile

China’s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given investors a reminder that even the largest economies are likely

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Twitter appoints grievance officer in India to comply with new rules

Twitter Inc’s (TWTR.N) India unit appointed a resident grievance officer, days after designating a chief compliance officer, to meet new IT rules in the country, amid tensions with the government.

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