Global business groups urge China to suspend bank IT rules

By Krista Hughes WASHINGTON (Reuters) – Business associations from the United States, Japan and Europe told Chinese officials on Monday they still have “strong concerns” about bank information technology rules and urged Beijing to formally suspend them. The joint letter, from 31 trade associations, increases pressure over rules pushing China's state-owned banks to buy technology from domestic vendors, which the U.S. trade office has said could breach China's international trade commitments

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IT security firm NCC buys UK rival Accumuli to boost capabilities

(Reuters) – British IT security firm NCC Group said it had agreed to buy rival Accumuli to bolster its capabilities in round-the-clock operational support and incident management, and develop its consulting business. NCC is paying about 55 million pounds ($82 million) for the equity of the AIM-listed group, representing a 19 percent premium on its closing price on Monday, funded by the issue of about 20.4 million new NCC shares and 10 million pounds in cash. Accumuli is growing revenue quickly, expecting to post about 27 million pounds in the year to end-March up from 16.6 million pounds, but made a loss from continuing operations of 500,000 pounds in its first half

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