South Korea’s central bank chief said on Thursday the bank will leave currency moves to marketforces, but would respond if changes in the won get too big. “The stance on currency has not changed — we will respect that the market moves on supply and demand but the finance ministry and the Bank of Korea […]
Read moreJust 24 hours after President Donald Trump took aim at Pakistan on Twitter, the South Asian nation already appears to be cozying up to the world’s second-largest economy. A day after the U.S. leader slammed Islamabad for harboring terrorists in a New Year’s Day tweet, Pakistan’s central bank announced that it will be replacing the […]
Read moreCurrency, United States Finance
Many UK CEOs earn more in three days than a typical worker does in a year
The average boss of one of Britain’s top companies will on Thursday have earned the same as the typical worker will make in the entire year, according to a new report, stepping up pressure on companies ahead of the annual reporting season. Just three working days into 2018, pay for the average FTSE 100 chief […]
Read moreHere's what you need to know about the massive security flaw that could affect almost every computer
The computer industry is scrambling on Wednesday to patch a massive security vulnerability that’s present in the processors used on almost all the computers in the world. The vulnerabilities could allow a hacker to steal information stored in the memory of a wide range of computer chips running on personal devices — not just computers […]
Read moreMajor Asian markets traded higher on Thursday, following the stronger lead seen on Wall Street. Investors in the region will also keep an eye on Caixin’s China services and composite PMI later in the morning after the Caixin manufacturing PMI beat estimates and the country’s official PMI met expectations. Japan’s Nikkei 225 popped at the […]
Read moreIt’s only a matter of time before China lifts its ban on cryptocurrency exchanges, according to the entrepreneur behind what was once China’s longest-running bitcoin trading operations. “In this world, nothing is ever permanent,” said Bobby Lee, CEO and co-founder of BTCC, which closed down its China-facing trading operations in September 2017 after a well-publicized […]
Read moreMerrill Lynch financial advisors cannot buy bitcoin-related investments for their clients, The Wall Street Journal reported Wednesday. The ban prevents the financial giant’s roughly 17,000 advisors from pitching investments related to bitcoin and executing client requests to trade Grayscale’s bitcoin investment trust (GBTC), the newspaper said, citing a person familiar with the matter. “The decision […]
Read moreCramer Remix: I've issued more mea culpas on GE than any other stock, but I'm not giving up just yet
As much as some market-watchers may discredit the Dow Jones industrial average, the index has always been a trustworthy proxy for stock performance for CNBC’s Jim Cramer. “In fact, right now it’s more important than it’s been in a long time because its snapshot of 2017 gives you a terrific view of the winners and […]
Read moreMicrosoft, Amazon, and Google said they are working on updates to cloud services and other products to prevent exploitation of chip-level security vulnerabilities. The vulnerabilities, which were publicly disclosed by the Register on Tuesday, could allow a hacker to steal information stored in the memory of a wide range of computer chips running on personal […]
Read moreChipmaker Advanced Micro Devices on Wednesday pushed back on a statement from Intel about a recently documented security flaw, saying its chips are mainly not affected. AMD expects to publish security research on the flaw later on Wednesday but did provide an initial statement of its own: To be clear, the security research team identified […]
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