News Headlines

Push on with the 'great unwinding', BIS tells central banks

LONDON (Reuters) - Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognizing that some turbulence in financial markets will have to be negotiated along the way.

Sun, 25 Jun 2017 06:45:09 -0400
Oil's drop could leave a stain on earnings

NEW YORK (Reuters) - Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company results to justify high stock valuations, now trading near their loftiest levels since 2004.

Fri, 23 Jun 2017 20:53:39 -0400
Exclusive: Wal-Mart not considering a bid for Whole Foods - source

(Reuters) - Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with the matter told Reuters on Friday.

Fri, 23 Jun 2017 17:19:53 -0400
Italy winds up Veneto banks, deal could cost up to 17 billion euros

MILAN/ROME (Reuters) - Italy began winding up two stricken Veneto-based banks on Sunday in a deal that will see their good assets transferred to Intesa Sanpaolo and could cost the state up to 17 billion euros ($19 billion).

Sun, 25 Jun 2017 14:58:32 -0400
Australia to seek greater powers on encrypted messaging at 'Five eyes' meeting

SYDNEY (Reuters) - Australia said on Sunday it will push for greater powers to tackle the use of encrypted messaging services used by terrorists and criminals at an upcoming meeting of ministers from the "Five Eyes" intelligence network.

Sun, 25 Jun 2017 10:31:43 -0400
British lawmakers hit by 'sustained' cyber attack

LONDON (Reuters) - Britain's parliament was hit by a "sustained and determined" cyber attack on Saturday designed to identify weak email passwords, just over a month after a ransomware worm crippled parts of the country's health service.

Sat, 24 Jun 2017 15:02:38 -0400
Google to stop scanning Gmail for creating targeted ads

(Reuters) - Alphabet Inc's Google said on Friday it would stop scanning Gmail content for creating personalized ads from later this year, bringing the widely-used email service in line with its enterprise offering, G Suite.

Fri, 23 Jun 2017 15:45:09 -0400
Under pressure, Western tech firms bow to Russian demands to share cyber secrets

WASHINGTON/MOSCOW (Reuters) - Western technology companies, including Cisco , IBM and SAP , are acceding to demands by Moscow for access to closely guarded product security secrets, at a time when Russia has been accused of a growing number of cyber attacks on the West, a Reuters investigation has found.

Fri, 23 Jun 2017 20:11:15 -0400