South Africa’s central bank tells lenders KPMG “too big to fail”: sources

By Tiisetso Motsoeneng JOHANNESBURG (Reuters) – South Africa’s central bank has told top lenders they cannot fire auditor KPMG, entangled in a scandal involving friends of President Jacob Zuma, because it might undermine financial stability, two sources with knowledge of the matter said. KPMG sacked its South African leadership two weeks ago after it found […]

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Twitter suspends Russia-linked accounts, but U.S. senator says response inadequate

By Dustin Volz and Joseph Menn WASHINGTON/SAN FRANCISCO (Reuters) – Twitter <TWTR.N> said on Thursday it had suspended about 200 Russian-linked accounts as it probes online efforts to meddle with the 2016 U.S. election, but an influential Democratic senator slammed its steps as insufficient. Senator Mark Warner, the top Democrat on the Senate Intelligence Committee, […]

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South Korea bans raising money through initial coin offerings

By Cynthia Kim SEOUL (Reuters) – South Korea’s financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading of virtual […]

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