The latest attempt by the Indian government to rescue troubled state-owned banks falls “far short of what is really required,” ratings agency Moody’s said Tuesday. Authorities in the third-largest economy in Asia announced last week their plans to inject 881.4 billion rupees ($13.8 billion) into 20 state-run lenders by March. But to receive the much-needed […]
Read moreMicrosoft issued an emergency security update on Monday to plug Intel Corp’s buggy Spectre firmware patch after the chipmaker’s fix caused computers to reboot more often than normal. Microsoft said it was rolling out an out-of-band update that specifically disables Intel’s Spectre variant 2 patch. The latest update comes nearly four weeks after Intel confirmed […]
Read moreTen years after Apple began selling iPhones in India, perhaps the last great growth market for the iconic handset, the company is inching toward opening stores in the nation. Setting up shop at busy malls in megacities could help with marketing, but it’s unlikely to be enough for the company to make inroads in the […]
Read moreSouth Korean regulatory plans to tackle cryptocurrency speculation spooked investors earlier this month. But as the new rules take effect on Tuesday, participants in the market are sounding a positive note. South Korea’s Foreign Securities Commission on Tuesday confirmed to CNBC that new measures outlined by the body earlier this month had been implemented, but […]
Read moreThe Trump administration said on Monday it would not immediately impose additional sanctions on Russia under a new law designed to punish Moscow’s alleged meddling in the 2016 U.S. election, insisting the measure was already hitting Russian companies. “Today, we have informed Congress that this legislation and its implementation are deterring Russian defense sales,” State […]
Read moreMexico and the United States are looking into whether armed U.S. federal air marshals could be deployed on commercial cross-border flights, according to a document seen by Reuters and a Mexican official, as Mexico deepens security ties with its neighbor. Since Donald Trump took office, U.S and Mexican officials have said that Mexico has tried […]
Read moreA Russian military aircraft engaged “in an unsafe interaction” with a U.S. Navy plane in international airspace on Monday, the U.S. State Department has warned. The incident took place over the Black Sea, U.S. State Department spokeswoman Heather Nauert said in an official statement. The pilot of a Russian SU-27 fighter was “closing to within […]
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