Exclusive: SWIFT discloses more cyber thefts, pressures banks on security
(Reuters) – SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile $81 million heist at Bangladesh Bank…
National Bank of Canada quarterly profit up 6 percent
TORONTO (Reuters) – National Bank of Canada reported a 6 percent increase in third-quarter profit on Wednesday, benefiting from good growth in its wealth management and personal and commercial businesses.
Austrian economy minister adds his ‘nein’ to U.S. trade talks debate
VIENNA (Reuters) – Austria’s economy minister said talks on a EU-U.S. free trade agreement should be halted, adding his voice to an increasingly polarized debate on both sides of the Atlantic over whether to keep the negotiations going.
Mitsubishi Heavy discusses U.S. armored vehicle tie up after losing sub deal
TOKYO (Reuters) – Mitsubishi Heavy Industries (MHI) is in talks with an unidentified U.S. company over a possible partnership to develop an armored vehicle that for the first time could see a Japanese firm build arms for a foreign customer, a senior e…
G20 watchdog says bank rules working well, digs deeper into markets
LONDON (Reuters) – The financial system’s ability to cope with Britain’s vote to leave the European Union and with doubts over growth prospects show the benefits of rules introduced since the 2008 collapse of Lehman Brothers bank, a global watchdog sai…
VW could agree U.S. large-car diesel emissions settlement by October: Audi exec
HONG KONG (Reuters) – Volkswagen AG could reach a “final” settlement with U.S. authorities as early as October over its large-engine diesel cars found to have cheated emissions tests in a global scandal, the sales chief of its premium Audi brand said….
Fed’s Evans, citing slow growth, says low U.S. rates are here to stay
BEIJING (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday said he is increasingly convinced that U.S. economic growth has slowed permanently, a situation that will keep U.S. interest rates low for a long time ahead.
Hanjin Shipping to file for receivership; rival eyes assets
SEOUL (Reuters) – South Korea’s Hanjin Shipping Co Ltd said it would file for court receivership after losing the support of its banks, and the country’s financial regulator said a rival operator will look to buy Hanjin’s “good” assets.
EU ruling on Apple stirs calls for U.S. tax reform
WASHINGTON (Reuters) – A European Commission order requiring Apple Inc to pay Ireland $13 billion euros ($14.5 billion) in unpaid taxes on Tuesday drew swift rebukes from the Obama administration and lawmakers in Congress, while reigniting calls for U…
Gap reports fire at Fishkill distribution center, no injuries
(Reuters) – Retailer Gap Inc said on Tuesday that its distribution center in Fishkill, New York, had been hit by a serious fire.
