Second hacker group targets SWIFT users, Symantec warns
(Reuters) – Cyber-security firm Symantec Corp said on Tuesday that a second hacking group has sought to rob banks using fraudulent SWIFT messages, the same approach that yielded $81 million in the high-profile February attack on Bangladesh’s central ba…
Top U.S. airlines forecast better third-quarter profit margins, revenue
(Reuters) – American Airlines Group Inc and United Continental Holdings Inc on Tuesday forecast improved profit margins and unit revenue for the third quarter, as travelers spent more on last-minute trips in September than expected.
JCB to quit UK business lobby group amid Brexit differences
(Reuters) – The maker of JCB diggers, one of the most prominent businesses to back Britain leaving the European Union, is leaving the Confederation of British Industry (CBI) lobby group, which opposed the country’s “Brexit” vote in a June 23 referendum…
U.S. must stop judicial ‘extortion’ of corporate Europe, French lawmakers say
PARIS (Reuters) – Europe should challenge the United States over its increasingly aggressive use of extraterritorial laws that have cost European companies – especially banks – billions in fines and other settlements, a French parliamentary report said…
China sales accelerate for global automakers in September
BEIJING (Reuters) – Honda and Nissan reported on Tuesday their strongest monthly vehicles sales growth for China this year in September, thanks to a tax cut on small engine vehicles and comparatively weak growth for the same month last year.
Oil off the boil, shares toil, sterling in trouble
LONDON (Reuters) – World shares tapped the brakes on Tuesday as oil prices eased back from their highest level of the year, while Britain’s sterling took another dive as UK and EU ministers traded fresh Brexit blows.
CEO of Morgan Stanley International says jobs will go if loses market access post-Brexit
LONDON (Reuters) – Banks will have to start moving staff if Britain loses access to the European single market post-Brexit, Rob Rooney, CEO of Morgan Stanley international said on Tuesday.
Fed’s Evans sees benefits to overshooting inflation target
(Reuters) – The U.S. Federal Reserve should engineer monetary policy to spur inflation to rise above its two-percent target because the costs of doing so are less than in past decades, Chicago Federal Reserve Bank President Charles Evans said on Tuesda…
IEA says oil market may rebalance faster if OPEC sticks to target
LONDON (Reuters) – Global oil supply could fall in line with demand more quickly if OPEC and Russia agree to a steep enough cut in production, but it is unclear how rapidly this might happen, the International Energy Agency said on Tuesday.
Alibaba’s $60 billion finance arm seeks growth before IPO: sources
SHANGHAI/HONG KONG (Reuters) – Investors gearing up for the initial public offering of Ant Financial, the $60 billion online finance arm spun off by e-commerce giant Alibaba , will have to wait until at least late 2017 as the business puts growth first…
