* China's manufacturing PMI weaker than expected. * Factories struggling with supply constraints. * Service sector activity growth slows but still brisk. China's factory activity growth slowed and missed forecasts in April as supply bottlenecks and rising costs weighed on production and overseas demand lost momentum.
China is reining in the ability of the country's internet giants to use big data for lending, money-management and similar businesses, ending an era of rapid growth that authorities said posed dangers for the financial system. On Thursday, China's central bank and other regulators ordered 13 firms, including many of the biggest names in the technology sector, to adhere to much tighter regulation of their data and lending practices. Their aim, say analysts, is to curb a...
WillScot Mobile Mini Holdings Corp. (WSC), the North American leader in innovative flexible work space and portable storage solutions, today announced preliminary first quarter 2021 results and provided an update on its 2021 outlook.
TAIPEI-- Chinese financial regulators on Thursday ordered some of the nation's largest technology companies to change financial business practices seen as risky and violating antitrust rules, the latest sign of heightened scrutiny of the sector. China's central bank, together with the country's banking, insurance, securities and foreign-exchange regulators, summoned 13 technology firms and ordered them to delink their payment systems from some financial products.
RateLinx, a leader in supply chain & logistics shipping, visibility, and payment platforms, has been selected for the 12th time by Inbound Logistics for the annual Top 100 Logistics IT Providers award.
PetroChina Co. (PTR) swung to profit in the first quarter, the latest Chinese oil major to resume profitability this year as crude prices gradually recovered from the pandemic's impact, while China's domestic transportation demand continued to pick up. The oil explorer's net profit was 27.72 billion yuan, compared with a loss of CNY16.23 billion a year earlier. PetroChina (PTR) was one of the worst-hit companies in Asia amid the peak of the pandemic last year.
Government and industry officials confronting an epidemic of ransomware, where hackers freeze the computers of a target and demand a payoff, are zeroing in on cryptocurrency regulation as the key to combating the scourge, sources familiar with the work of a public-private task force said.
Government and industry officials confronting an epidemic of ransomware, where hackers freeze the computers of a target and demand a payoff, are zeroing in on cryptocurrency regulation as the key to combating the scourge, sources familiar with the work of a public-private task force said.
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