Cybersecurity firm Symantec blocked a ransomware attack by a group known for demanding payment in Bitcoin (BTC) directed at 30 U.S.-based firms and Fortune 500 companies. The announcement published by the cybersecurity firm claims that the Evil Group, the malware gang behind the attacks, targeted the IT infrastructures of theRead More →
The United States Securities Exchange Commission (SEC) has new regulatory limitations when it comes to punishing defendants with fines. The ruling would have altered the fines sought in some notable recent cryptocurrency-related cases. According to a June 23 summary of the U.S. Supreme Court case Liu v. SEC in theRead More →
By Josh Horwitz and Brenda Goh SHANGHAI (Reuters) – A number of Chinese manufacturers including a subsidiary of Apple Inc (O:) partner Foxconn (TW:) have refitted production lines to make masks and medical clothing, as a deadly coronavirus spreads across China. The move highlights how private companies are pitching inRead More →
By Aditya Kalra and Chandini Monnappa NEW DELHI/BENGALURU (Reuters) – India on Saturday raised taxes on imports of goods such as electronic items, toys and furniture, aiming to give impetus to domestic manufacturing in a move that will hit Sweden’s IKEA and other foreign firms. The measures, announced by FinanceRead More →
© Reuters. FILE PHOTO: The GM logo is seen at the General Motors Assembly Plant in Ramos Arispe By Sharay Angulo MEXICO CITY (Reuters) – Mexican auto parts manufacturers with clients across North America expect a record year after U.S. approval of a trade deal mandating higher regional inputs, butRead More →
© Reuters. Peruvian government firms up labor laws after McDonald´s deaths By Marco Aquino LIMA (Reuters) – Peru´s government on Friday night announced measures to strengthen penalties for companies found responsible for workplace accidents, days after two McDonald´s franchisee workers died in one of its restaurants. Minister of Labor SylviaRead More →
BEIJING (Reuters) – Sinochem Energy, a unit of China’s Sinochem Group, has agreed to sell a 20% stake to five state-owned firms for 11.56 billion yuan ($1.65 billion), Xinhua news agency reported. The strategic investors included financial investment arms of Agricultural Bank of China (SS:) (HK:) and Industrial Bank ofRead More →
© Reuters. Indonesia to offer more airport management projects to foreign firms in 2020 JAKARTA (Reuters) – Indonesia next year will offer more airport management projects to foreign investors after awarding its first to a foreign company on Thursday, the transportation minister said. The country handed over development and operatorshipRead More →
© Reuters. Japan Post Holdings Chief Executive Masatsugu Nagato, Japan Post Insurance President Mitsuhiko Uehira and other executives bow their heads as they attend a news conference in Tokyo TOKYO (Reuters) – The heads of Japan Post Holdings Co (T:) and affiliates Japan Post Insurance Co (T:) and Japan PostRead More →
By Julie Zhu and Kane Wu HONG KONG (Reuters) – China National Chemical Corp, or ChemChina, has approached Chinese state-backed investors for up to $10 billion in funding as part of a reorganisation of its agrichemicals business ahead of a public float, according to five people familiar with the situation.Read More →
NortonLifeLock Inc., NLOK, -0.24% the $16 billion consumer-software company, has attracted deal interest from a handful of companies including rival McAfee LLC, people familiar with the matter said. Among the options being considered, according to the people, is a combination with the consumer business of McAfee, the antivirus-software companyRead More →
© Reuters. FILE PHOTO: A model carries a Hermes signature Birkin with Himalayan crocodile leather during a preview in Hong Kong By Elizabeth Howcroft and Joice Alves LONDON/PARIS (Reuters) – The U.S. threat of tariffs on French goods from handbags to Champagne proved just a glancing blow to giants likeRead More →
© Reuters. Analysts cut Asian firms’ 2019 profit outlook by smaller margin (Reuters) – Analysts trimmed their 2019 earnings forecasts for Asian companies by a smaller margin over the past month, Refinitiv data showed, as optimism for the Sino-U.S. trade deal soothed some nerves. Over the past 30 days, analystsRead More →
© Reuters. Thailand to appeal to U.S. on import duties, help firms find new markets BANGKOK (Reuters) – Thailand will pursue negotiations with the United States over its suspension of duty-free preferences on imports of Thai goods, a senior Commerce Ministry official said on Monday. “We will negotiate in allRead More →
Credit-rating agencies on Thursday gave investors more reason to worry about why a decade of easy credit to high-risk corporate borrowers could cause a mess in the next downturn. S&P Global Ratings said its list of “weakest link” companies reached a 10-year high in September of 263, the most sinceRead More →
By Alexandra Alper and David Lawder WASHINGTON (Reuters) – President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions. The move would be part of a broaderRead More →
© Reuters. Traders work on the floor at the NYSE in New York (Reuters) – The Trump administration is considering delisting Chinese firms from U.S. stock exchanges, according a Bloomberg report on Friday, sending shares of those companies sharply lower. Exact mechanisms for how to delist the companies were yetRead More →
By Gram Slattery RIO DE JANEIRO (Reuters) – With widespread fires wreaking havoc on the Amazon (NASDAQ:), over 200 investors representing some $16.2 trillion under management on Wednesday called on companies to do their part in halting the destruction of the world’s largest tropical rainforest. Nongovernment organization Ceres said inRead More →
Energy stocks have had a trying year, and there’s no sign of relief in sight. The S&P 500 energy sector is the worst performing this year, up just 0.2%, versus the S&P 500 index’s SPX, +1.27% 16.7% gain. A confluence of trade tensions, global growth concerns and a slump inRead More →
© Reuters. FILE PHOTO: A man poses for a picture, as he vapes at home in La Paz, By Bryan Pietsch WASHINGTON (Reuters) – Four dominant e-cigarette manufacturers face a probe into the health impacts of their products, as the U.S. House Energy and Commerce Committee asked on Wednesday aboutRead More →
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) – The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump’s recent effort to ease restrictions on the Chinese company couldRead More →
© Reuters. A crane lifts a propeller to the top of a power-generating windmill turbine in a wind farm in Graincourt-Les-Havrincourt By Prudence Ho LONDON (LPC) – Private equity firms are under pressure to boost their use of environmental, social and governance (ESG) criteria as debt investors and limited partnersRead More →
© Reuters. FILE PHOTO: A Huawei logo is seen outside the fence at its headquarters in Shenzhen By Cate Cadell and Michael Martina BEIJING (Reuters) – China summoned global technology companies for talks last week following last month’s U.S. ban on selling technology to China’s Huawei Technologies Co Ltd, twoRead More →
© Reuters. Banca D’Italia sign is seen in downtown Rome ROME (Reuters) – The Bank of Italy plans to adopt investment criteria which reward companies that take action on climate change, joining other central banks, commercial banks and fund managers in ratcheting up pressure on boardrooms to go green. TheRead More →
© Reuters. The logo of The Carlyle Group is displayed at the company’s office in Tokyo By Kane Wu, Arno Schuetze and Junko Fujita HONGKONG/FRANKFURT/TOKYO (Reuters) – Global private equity firms Bain Capital, Carlyle Group (NASDAQ:) and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd’s chemicalRead More →
