A $1 trillion estimate of the global cost of hacking cited by president Barack Obama and other top officials is a gross exaggeration, according to a new study commissioned by the company responsible for the earlier approximation. A preliminary report released on Monday by the Centre for Strategic and International Studies, and underwritten by Intel's security software arm McAfee, ...
REFILE-GLOBAL MARKETS-China plans send world shares higher gold pauses
* Asian and European shares gain as China moves to support growth * Gold steadies after big rally, weaker dollar helps * Equity investors to eye corporate earnings outlooks By Richard Hubbard LONDON, July 23 (Reuters) - World shares pushed up towards five-year highs on Tuesday helped by China's plans for avoiding a hard landing in its slowing economy, while gold took a breather after its ...
Google funds display maker
Google took another step toward a commercial version of its Google Glass eyewear by acquiring a small stake in a unit of Taiwanese chipmaker Himax Technologies that develops tiny displays. Google will take a 6.3% stake in Himax Display Inc (HDI) and has an option to raise its stake to 14.8% within a year, Himax said in a statement without disclosing the financial ...
Will the real Abe emerge after Diet success
Shinzo Abe's recovery strategy aims to reflate the economy and boost consumption There is widespread concern that Abe will have a tough time enacting bold structural reforms But anything less than audacious will disappoint markets, says Kingston Kingston says Abe must also tread carefully with his ideological, nationalist ...
Toyota on trial in California
Jury selection began Monday for a case in which the family of a deceased California woman claims the 2009 crash that killed her resulted from her Toyota Camry's sudden and uncontrollable ...
Europe stocks mirror Asia gains KPN rallies
LONDON (MarketWatch) -- European stock markets climbed on Tuesday, mirroring a positive session in Asia overnight after officials signaled China is committed to supporting growth in the country. The Stoxx Europe 600 ...
5 Reasons Its Just Absurd That America Doesnt Tax Wall Sts Transactions
for the tax is indisputable: -- 1. Financial industry speculation devastated middle-class homeowner wealth. -- 2. U.S. investors pay zero tax on their speculative transactions. -- 3. The tax is easy to implement, and is very successful in other countries. ...
Wall Street earnings highest since January
(MENAFN) Wall Street is going through it highest earning month since the beginning of the year, reported the Daily Star.Earnings in Q2 are higher than expected as companies, such as IBM and General Electric, made good profits.S&P 500 companies' earnings are now expected to rise by 2.9 percent, while it was expected to go up 8.4 at the beginning of the year.Apple is seen dropping 21 ...
James Murdoch is not afraid to mess up
By Matt Vella, senior editor FORTUNE -- James Murdoch, son of mogul Rupert Murdoch and deputy chief operating officer of the newly formed 21st Century Fox, is not afraid of his mistakes. Speaking at a dinner on the first night of this ...
Asian stocks higher after Wall Street gains
SEOUL, South Korea -; Asian stock markets rose Tuesday as overnight gains on Wall Street and the Japanese prime minister's vow to focus on economic reforms helped investors brush off a downbeat U.S. housing survey and weak quarterly ...
Currencies Dollar down as Fed stimulus prospects weigh
LOS ANGELES (MarketWatch) -- The U.S. dollar declined against key rivals Tuesday as investors weighed the prospects for a continuation of monetary stimulus from the Federal ...
In Washingtons glare Wall Street commodity trade falls under a shadow
WASHINGTON/NEW YORK (Reuters) - Wall Street's multibillion-dollar commodity trading operations will be put under the political spotlight on Tuesday as a powerful U.S. Senate committee questions whether commercial banks should control oil pipelines, power plants and metals ...
Taiwan to let bills finance firms trade offshore yuan bonds -sources
TAIPEI, July 23 | Tue Jul 23, 2013 12:12am EDT TAIPEI, July 23 (Reuters) - Taiwan will allow local bills finance companies to trade bonds denominated in foreign currencies, including offshore yuan bonds in Hong Kong, said two sources close to the central bank on Tuesday. The island's eight bills finance firms will be able to trade Hong Kong's Dim Sum bonds and U.S. dollar ...
GLOBAL MARKETS-Asian stocks hit 6-wk high gold steadies after jump
Tue Jul 23, 2013 12:04am EDT * China leads Asian bourses higher, Nikkei up after shaky start * Dollar broadly softer, recently sold currencies bounce back * Gold steadier after big rally on Monday By Ian Chua SYDNEY, July 23 (Reuters) - Asian stocks rose to six-week highs on Tuesday, led by a rally in Chinese shares, while gold took a breather after its biggest one-day gain in more than a ...
Currencies Gold futures rise further into $1300 territory
LOS ANGELES (MarketWatch) -- Gold futures edged higher in electronic trade Tuesday, adding slightly to the metal's heftiest one-day rally in more than a ...
McDonalds profit rises but leaves Wall Street with hunger pangs
McDonald's reported second-quarter net income of $1.4 billion, or $1.38 a share. Analysts surveyed by Thomson Reuters had expected $1.40 a share. Above, a McDonald's restaurant in Springfield, ...
Japan Cabinet upgrades economic view stocks rise
LOS ANGELES (MarketWatch) -- Japanese stocks extended their gains Tuesday after the Cabinet Office upgraded its assessment of the economy, saying the recovery had become self-sustaining. The improved view was the third such upgrade in as many months, with a Reuters translation quoting the report as saying "recent price developments indicate that deflation is easing," thanks to fiscal ...
Hong Kong Shanghai stocks rise ZTE rallies
HONG KONG (MarketWatch) -- Hong Kong stocks extended gains Tuesday after also rising in five of the last six sessions, aided by a higher finish on Wall Street and hopes Beijing will fine-tune its policies to support China's economic growth. The Hang Seng ...
Death toll rises to 89 in northwest China earthquake
Rescuers with shovels and sniffer dogs combed through collapsed hillsides Tuesday as the death toll rose to 89 from a strong earthquake in a farming region of northwest China. Another five people ...
Fitch Upgrades Allegheny County Airport Auths Rev Bonds to A- Outlook Stable
Latest Fitch 50 Reports for the U.S. and Europe The Fitch 50 and Fitch 50 Europe reports cover credit commentary and debt structure charts for a portfolio of the most important leveraged, high-yield and crossover names in each ...
FIIs return to bonds as yields turn attractive
Indian government bonds at the latest permits auction by Sebi, but paid low premium that indicated their interest may be conditional on higher yields in the next few weeks. Bids from foreign institutional investors (FIIs) fully covered the available permits as they sought to buy 26,000 crore worth of bonds ...
Australia stocks trading at two-month highs
LOS ANGELES (MarketWatch) -- Stocks in Australia rose in early trade Tuesday, paced by the mining sector following strong gains for most metals prices. The S&P/ASX ...
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