The United States and Britain will test later this month how its regulators would respond if their financial sectors suffered a major cyber-attack or broader IT problems, a British official said on Monday. The test, for which no date has yet been set, will focus on how regulators for the world’s two biggest financial centers in New York and London communicate in an emergency, a spokesman for British government cyber-security
“The road we’re on is going to end. We cannot rely on central banks,” economist Mohamed El-Erian tells CNBC.
Warren Buffett is about to show how getting one big investment right can overshadow several laggards.
HPE’s shares managed to gain only as much as 3 percent. The shares of both companies were trading for the first time since Hewlett-Packard Co formally split into two on Sunday. Shares of HPE, considered the faster-growing business, had been trading on a when-issued for the past two weeks.
U.S. factory activity grew last month at its slowest pace since May 2013 as manufacturers pared their stockpiles and cut jobs. The Institute for Supply Management said Monday that its index of factory …
T-Mobile is giving customers mini-cellphone towers to put in homes and businesses
Only an external impact could have caused a Russian plane to dive into the Egyptian desert, killing all 224 people on board, its Russian operator said Monday, adding to a series of confusing statements …
Statoil is still “investing a lot,” according to the Norwegian oil giant’s CFO, but expects oil to stay around $50 a barrel until 2018.
Shire Plc has agreed to buy U.S. rare disease specialist Dyax Corp for about $5.9 billion – and potentially up to $6.5 billion – while still pursuing a five times larger unsolicited bid for Baxalta Inc. It comes amid a record wave of deal-making in the broader healthcare sector so far this year, which amounted to $477 billion as of last week, according to Thomson Reuters data. Shares in the
HONG KONG/LONDON (Reuters) – HSBC (HSBA.L) profit jumped by a third in the latest quarter as a drop in fines for past misconduct more than offset the impact of a slowdown in Asia and increased spending on regulatory compliance. Europe’s biggest bank also said on Monday that it will step up its push into investment banking activity on the Chinese mainland by establishing a majority-owned securities venture in the country.
