News Archive - 6 December 2015

>BOSTON/SINGAPORE Parents who gave their child a Kidizoom smartwatch or a VTech InnoTab tablet may have exposed them to identity theft after Hong Kong-based VTech said hackers stole the personal information of more than 6 million children. The breach underscores how digital products aimed at kids often have far weaker...

>ADEN The governor of Aden was killed by a car bomb on Sunday in Yemen's southern port city, in an attack that Islamic State claimed responsibility for. A local official and residents said at least six members of General Jaafar Mohammed Saad's entourage also died in the attack, which targeted...

>CITIC said in a Hong Kong exchange filing it could not reach two of its most senior investment bankers, Jun Chen and Jianlin Yan. Chinese business publication Caixin said on Friday the pair had been detained, although it was not clear whether they were subjects of an investigation or merely...

>LONDON The consequences of forcing more derivative trades through clearing houses are not fully understood and regulators should take more of a system-wide approach to assessing risks, a Bank for International Settlements (BIS) paper said on Sunday.When Lehman went bust in 2008, regulators found it hard to see who...

>SAN JUAN/NEW YORK Puerto Rico may have dodged a bullet when it avoided default last week, but its decision to commandeer revenue that was supposed to meet future debt payments will invite creditor pushback and possibly lawsuits. Creditors have long criticized Puerto Rico’s spending habits, and may have the ammunition...

>LONDON An "uneasy calm" prevails in financial markets about the first increase in U.S. interest rates in almost a decade, which is widely expected later this month, the Bank for International Settlements said in its latest report.The restrained reaction, especially from emerging markets, to the Federal Reserve's signals...