HONG KONG/BEIJING, March 14 - China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding, amid concerns over the security of their verification procedures.
HONG KONG/BEIJING, March 14 - China's central bank has ordered online payment units of dotcom giants Alibaba and Tencent to stop processing online payments using QR codes, the two companies said on Friday.
Thu, Mar 13 2014
March 14 - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
March 13 - Walt Disney Co shareholders are expected to vote at its March 18 annual meeting on a resolution that asks the company to allow large shareholders to nominate board members, the latest bid by investor groups to win "proxy access" rights.
MEXICO CITY, March 13 - Mexico's opposition conservative party on Thursday walked out of talks over the fine print of a landmark energy bill, accusing the government of using a graft scandal to gets its way, in a move that could delay the rollout of the key legislation.
* Government to increase penalties against ex-Countrywide executive
WASHINGTON, March 13 - The leaders of the U.S. Senate Banking Committee's new legislative framework to wind down Fannie Mae and Freddie Mac will not determine whether their investors can share in the companies' renewed profitability, the panel's top Republican said on Thursday in a televised interview.
March 13 - Nutritional products company Herbalife Ltd, which is being investigated by the Federal Trade Commission, said it postponed its annual shareholders' meeting to April 29 to continue discussions with Carl Icahn about new board nominees.
NEW YORK, March 13 - A former analyst affiliated with billionaire Steven A. Cohen's SAC Capital Advisors LP has agreed to pay more than $203,000 and be banned from the securities industry to settle insider trading charges by the U.S. Securities and Exchange Commission.
WASHINGTON, March 13 - Lions Gate Entertainment Corp admitted on Thursday it failed to disclose to investors in 2010 the steps it took to thwart a hostile takeover bid by billionaire Carl Icahn, as part of a settlement with U.S. regulators.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.