RBS reported a large earnings beat on Friday morning with the U.K. lender highlighting that it had swung back to a first-half profit for the first time in three years. RBS’ recovery continued in the first six months of 2017, with the bank posting a £939 million ($1.23 billion) pre-tax profit through to the end […]
Read moreHigh-profile cybercrime such as data theft, ransomware and computer hacks seem to be occurring more frequently and with higher costs, but cloud computing may provide the security that companies are searching for, experts suggest. “Cloud computing improves IT security and security professionals need as much help as possible,” said Nick McQuire, vice president of enterprise […]
Read moreHistoric low market volatility is spurring investors to find returns in new places, with some rushing their money into what is sometimes referred to as “the most dangerous trade in the world.” In a research note to clients, David Lafferty, chief market strategist at Natixis Asset Management, explained that super-low volatility has spurred a new […]
Read moreIt’s time to flip the calendar for Carrie Lam, Hong Kong’s first female chief executive. The new leader of the Chinese special administrative told CNBC that her first month in office has been “substantial,” but she managed to accomplish quite a bit of what she’d wanted to do. One of those goals was attempting to […]
Read moreJapanese automakers Toyota and Mazda are forming a partnership to build a new final assembly plant in the United States, with sources familiar with the plan telling CNBC the joint venture and assembly plant will be announced Friday in Japan. A location for the $1.6 billion facility has not yet been picked, but it’s expected […]
Read moreBlockbusters like “Dunkirk” and “Spider-Man: Homecoming” may have received the thumbs up from moviegoers around the world this summer, but they aren’t yet making any waves in China. That’s because of China’s annual “Hollywood blackout,” which is when the country initiates an undeclared ban on the release of all foreign films during specific periods of […]
Read moreChina’s Foreign Ministry on Thursday said India has been building up troops and repairing roads along its side of the border amid an increasingly tense stand-off in a remote frontier region beside the Himalayan kingdom of Bhutan. The stand-off on a plateau next to the mountainous Indian state of Sikkim, which borders China, has ratcheted […]
Read moreCurrency, United States Finance
Huge fire engulfs Dubai residential skyscraper — for the second time
A massive blaze was engulfing one of the world’s tallest residential buildings in Dubai early on Friday, residents said, but authorities said the tower had been evacuated and no injuries were reported. Flames shot up the sides of the Torch tower in the upscale Marina district in the second blaze at the building since 2015, […]
Read moreReflecting on his infamous 2007 rant where he accused Federal Reserve members of ignoring signs of potential financial collapse, Jim Cramer reluctantly offered some bad news. “I’m still seeing loans being made that they should intervene on right now, tomorrow, tomorrow morning, this time by reckless lenders in the subprime auto industry, offering paycation, nothing […]
Read moreYou may not have heard of Monkey, but there’s a good chance your teenager has. Monkey is a video-chat app for iPhone and iPad, and connects users around the world with like-minded individuals for 10-second video chats using their Snapchat usernames. If you make a connection, you could have a friend on social media, which […]
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