A scramble at Cisco exposes uncomfortable truths about U.S. cyber defense
SAN FRANCISCO (Reuters) – When WikiLeaks founder Julian Assange disclosed earlier this month that his anti-secrecy group had obtained CIA tools for hacking into technology products made by U.S. companies, security engineers at Cisco Systems swung into…
Ford warns Brexit deal must include tariff-free access to customs union
LONDON (Reuters) – U.S. carmaker Ford said on Wednesday that Britain must secure a Brexit deal which includes full tariff-free access to the entire customs union of European countries, not just the 27 other members of the European Union.
Abu Dhabi fund loses crisis-related arbitration against Citigroup
(Reuters) – Citigroup Inc has prevailed in the latest arbitration pursued by Abu Dhabi Investment Authority over the sovereign wealth fund’s $7.5 billion investment in 2007 to shore up the then-struggling bank during the subprime mortgage meltdown.
Banks to London staff: no panic as Britain launches EU divorce process
LONDON (Reuters) – Banks in Britain have tried to reassure their London staff over possible Brexit disruption, including a shift in jobs to continental Europe, as Prime Minister Theresa May triggered formal EU divorce proceedings on Wednesday.
Bangladesh Bank heist was ‘state-sponsored’: U.S. official
MANILA (Reuters) – The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was “state-sponsored,” an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday.
Halkbank says Turkish government working on issue of executive’s U.S. detention
ISTANBUL (Reuters) – Shares in Turkish state lender Halkbank plunged as much as 16 percent on Wednesday after U.S. prosecutors charged one of its senior executives with participating in a multi-year scheme to violate U.S. sanctions against Iran.
SK Hynix consortium bids over $9 billion for Toshiba chip unit: Maeil Business
SEOUL (Reuters) – A consortium led by South Korea’s SK Hynix Inc has offered to pay more than $9 billion for a majority stake in Toshiba Corp’s memory chip business, the Maeil Business Newspaper reported on Wednesday citing unnamed sources.
Other Akzo shareholders also want talks with PPG: Elliott Advisors
AMSTERDAM (Reuters) – Elliott Advisors, the activist investor with a 3.25 percent stake in Akzo Nobel , said on Wednesday other shareholders owning almost a quarter of the Dutch paints and chemicals group want it to enter into talks with spurned U.S. s…
Huge nuclear cost overruns push Toshiba’s Westinghouse into bankruptcy
WILMINGTON, DEL./TOKYO (Reuters) – Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast….
Global stocks slip, sterling steadies as Brexit becomes real
LONDON (Reuters) – European shares drifted lower on Wednesday, while sterling battled back from a one-week low and regained its composure amid the drama of Britain formally triggering its exit process from the European Union.
