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Russian Demands To Share Cyber Secrets Acceded To By Western Tech Firms Under Pressure

At a time when Russia has been accused of a growing number of cyber attacks on the West, demands by Moscow for access to closely guarded product security secrets are being acceded to by western technology companies, including Cisco, IBM and SAP, reports Reuters.    Before...

Amazon Would Be Given An Unfair Advantage By The Whole Foods Deal, Say Critics

While some critics say that Amazon.com Inc's bid for Whole Foods Market Inc should be blocked because it gives the online retailer a nearly unstoppable head start toward domination of online grocery delivery, there are other antitrust experts expect the deal to win regulatory approval.   The...

In Order To Lock Up Memory Chip Supply, Firms Scramble As iPhone 8 Looms

A global squeeze on supply of memory chips is threatened to be worsened as production lines are attempted to be kept running as Apple Inc's new iPhone 8 launch later this year and global electronics makers are scrambling to stock up on memory chips.   Industry sources and analysts say some...

Report Says If Climate Targets Reached, Oil Firms Could Waste Trillions

A think tank says that if international climate targets are to be met, there is risk that spending of more than a third of their budgets on oil and gas projects will not be feasible by 2025 for oil giants that include Exxon Mobil and Royal Dutch Shell.   According to a report by the Carbon...

As Record Rally Makes Them A Target, Major Bitcoin Exchanges Hit By Cyber Attacks

The many challenges for the young digital currency world was highlighted by multiple cyberattacks on major bitcoin exchanges this week.   While worries that the largely unregulated cryptocurrency industry will be unable to manage the hype are being added to by record-breaking levels of...

There's One Big Problem For The Global Economy Even As It Is Rebounding

There’s a dark cloud building - one that in time could rain down volatility in global markets, behind the world’s best period of synchronous growth this decade among developed and emerging economies.   A deepening imbalance in the lack of new safe-haven assets as the world’s output expands...

Critics Attack as Financial Reforms Unveiled By U.S. Treasury

Many items on Wall Street's wish list could be granted if the sweeping plan by the U.S. Treasury Department, unveiled on Monday to upend the country's financial regulatory framework, is successful.   Treasury Secretary Steven Mnuchin said in an interview that more than 100 changes, most of...

After Apple Shares Downgraded, Big Tech Stocks Likely To Be Under Pressure Again

Global shares and big technology shares were likely to come under pressure again on Monday after Apple shares were downgraded following a drop in big technology stocks Friday caused the Nasdaq composite to post its worst week of the year.   Saying the best case scenario is priced into the...

Qatar Impact On Oil 'Insignificant', Says Saudi Energy Minister Khalid A. Al-Falih

Saudi Arabia's Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, said in a TV interview that the Saudi-led effort to isolate Qatar won't impact the price of oil much.   "Within the energy markets, there is no change," Al-Falih said on the sidelines of meetings in...

Lobby Group Says $100 Billion Fintech Race In Asia Hobbling Due To Hong Kong, Singapore Rivalry

A financial lobby group has warned that the rivalry among the region's financial centers that has created regulatory complexity and uncertainty, is undermining Asia's competitiveness in fintech.   The Asia Securities Industry and Financial Markets Association (ASIFMA) said in a report on...

Foray Into Energy Market With Mega Battery Planned By Renault

In the hope of giving electric car batteries a second life in a project that could eventually compete with utility companies, Renault-Nissan is drawing up plans to build a 100 megawatt power storage plant in Europe, reports Reuters.   While encouraging the development of energy...

Anxious Markets Soothed By European Bank Bailout

Within financial markets that are dominated by caution ahead of a trio of major events on Thursday, the smoothly executed rescue of Spain's struggling Banco Popular prodded European banking stocks higher on Wednesday.   Made barely a ripple in Europe's stock and debt markets, and the first...
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