US accuses Chinese citizens of hacking law firms, insider trading
By Nate Raymond | NEW YORK NEW YORK Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday.Iat Hong of Macau, Bo Zheng of Changsha, China, and Chin Hung of Macau were charged in an indictment filed in Manhattan federal court with conspiracy, insider trading, wire fraud and computer intrusion.Prosecutors said the m..>> view originalVietnam sees 2016 growth at 6.2 pct, aided by building boom
A shoeshine man walks past a Prada fashion store in downtown Hanoi, Vietnam, Wednesday, Dec. 28, 2016. Vietnam’s economy is forecast to grow 6.2 percent in 2016, helped by a manufacturing and building boom. The General Statistics Office said Wednesday that this year’s growth rate is below 2015’s rate of 6.7 percent but is still considered a success given unfavorable global trends and a spate of natural and environmental disasters. (Tran Van Minh/Associated Press) By Tran Van Minh | AP Dece..>> view originalHans Tietmeyer, ex-head of Germany's Bundesbank, dies at 85
FILE - In this Nov. 15, 2001 file picture former head of Germany's central bank, Hans Tietmeyer, speaks at a news conference in Leipzig, Germany. Germany's central bank says former president Hans Tietmeyer, who was at the helm of the Bundesbank when ...>> view originalAirbus's A380 Woes Deepen as Top Buyer Emirates Delays Jets
Airbus Group SE’s struggles with its A380 superjumbo are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest customer.The delay stems from an agreement between Emirates and engine supplier Rolls-Royce Holdings Plc, Airbus said late Tuesday, adding that it will accelerate cost cuts at the unit to make up for the financial drag. Handovers of six A380s apiece that were originally planned for 2017 and 2018 will be shifte..>> view originalGlobal stocks steady as Nasdaq hits record high
A man uses a mobile phone in front of an electronic stock indicator of a securities firm in Tokyo, Wednesday, Dec. 28, 2016. Shares meandered in quiet trading in Asia on Wednesday after the Dow Jones industrial average inched closer to 20,000 and the Nasdaq Composite rose to a record high. (Shizuo Kambayashi/Associated Press) By Elaine Kurtenbach | AP December 28 at 7:32 AM TOKYO — Global stock markets were steady in quiet trading Wednesday after the Dow Jones industrial average inched c..>> view originalWritedown fears wipe $5 billion off Toshiba's value as it weighs options
Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo Thomson Reuters By Makiko Yamazaki TOKYO (Reuters) - A looming writedown at Japanese conglomerate Toshiba Corp has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole. Toshiba said late on Tuesday that cost overruns at a U.S. nuclear business it bought from Chica..>> view originalDollar stirs from slumber as yield gap yawns
LONDON The dollar, oil and world stocks all rose on Wednesday following upbeat U.S. data that saw the gap between Treasuries and other benchmark global government bonds hit new highs.Europe's main stock market, London's FTSE .FTSE, reopened with a gain of 0.25 percent as it played catch-up after similar run-ups in Germany .DAX and France .FCHI the previous day and by Wall Street [.N] and Asia [.T] overnight.The dollar .DXY also edged higher after U.S. consumer confidence shot to its highest in..>> view originalJapan's economy may see a light at the end of the tunnel, and it's not a train
Japan's industrial production data, released on Wednesday, may have offered a light at the end of the tunnel for the long stagnant economy. In November, industrial output rose 1.5 percent on month, just a tad below the Reuters forecast for a 1.6 percent rise, up from a flat reading in October. But the big positive was in the details, particularly in inventories, which fell 1.5 percent on-month and 4.8 percent on-year. Izumi Devalier, head of Japan economics at Bank of America-Me..>> view originalS.Korea Fines Qualcomm $854M for Violating Competition Laws
South Korea's antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the U.S. chipmaker said it will challenge in court. The fine, the largest ever levied in South Korea, marks the latest antitrust setback for Qualcomm's most profitable business of licensing wireless patents to the mobile industry, at a time when the business is facing headwinds from a cooling smartphone market. Th..>> view original
Sunday, January 8, 2017
US accuses Chinese citizens of hacking law firms, insider trading and other top stories.
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