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Wall Street sinks as hopes fade for rate cuts, trade progress

3 hours ago DieselGasoil Comments Off on Wall Street sinks as hopes fade for rate cuts, trade progress
NEW YORK (Reuters) – Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates. FILE PHOTO: Traders work on the Read More

Hackers hit global telcos in espionage campaign: cyber research firm

7 hours ago DieselGasoil Comments Off on Hackers hit global telcos in espionage campaign: cyber research firm
TEL AVIV (Reuters) – Hackers have broken into the systems of more than a dozen global telecoms companies and taken large amounts of personal and corporate data, researchers from a cyber security company said on Tuesday, identifying links to previous Chinese cyber-espionage campaigns. FILE PHOTO: A man holds a laptop computer as cyber code is Read More

Estonia warns of risks in wake of money laundering scandal

1 day ago DieselGasoil Comments Off on Estonia warns of risks in wake of money laundering scandal
FRANKFURT (Reuters) – Banks in Estonia have not yet plugged all the gaps in their money laundering controls, the Baltic state’s regulator told Reuters, pledging to maintain a clampdown in the country at the center of one of Europe’s biggest financial scandals. FILE PHOTO: Kilvar Kessler, the head of Estonia’s banks supervisor, the Finantsinspektsioon, Picture Read More

Malaysia’s 1MDB criminal case against Goldman Sachs delayed to September

2 days ago DieselGasoil Comments Off on Malaysia’s 1MDB criminal case against Goldman Sachs delayed to September
KUALA LUMPUR (Reuters) – Malaysia’s criminal case against U.S. investment bank Goldman Sachs involving $6.5 billion 1MDB bonds will be postponed to September, a court ruled on Monday, after defense lawyers asked for more time to receive instructions from their clients abroad. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space Read More

U.S. judge tosses former SAC Capital trader’s insider trading guilty plea

4 days ago DieselGasoil Comments Off on U.S. judge tosses former SAC Capital trader’s insider trading guilty plea
NEW YORK (Reuters) – A federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the hedge fund once run by billionaire Steven A. Cohen, saying recent changes in the law meant there were not enough facts to support the plea. FILE Read More

Putin bans Russian flights carrying Russian citizens to Georgia from July 8

4 days ago DieselGasoil Comments Off on Putin bans Russian flights carrying Russian citizens to Georgia from July 8
Russian President Vladimir Putin has signed a decree prohibiting Russian airlines from transporting Russian citizens to Georgia from July 8. The decision comes after anti-government and anti-Russian protests in Tbilisi. “Starting from July 8, Russian carriers are temporarily forbidden from undertaking air transportation of citizens from the territory of Russia to Georgia,” the decree reads. Read More

Global money-laundering watchdog launches crackdown on cryptocurrencies

4 days ago DieselGasoil Comments Off on Global money-laundering watchdog launches crackdown on cryptocurrencies
FRANKFURT/LONDON (Reuters) – Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering, a global watchdog said on Friday, the first worldwide regulatory attempt to constrain the rapidly growing sector. FILE PHOTO: Representation of the Bitcoin virtual currency standing on the PC motherboard is seen Read More

Assange lawyer reveals Pentagon behind pursuit of Wikileaks publisher

5 days ago DieselGasoil Comments Off on Assange lawyer reveals Pentagon behind pursuit of Wikileaks publisher
A lawyer for Wikileaks’ Julian Assange has confirmed that the Pentagon – not the White House or any other government agency whose secrets he leaked – was driving the nearly decade-long campaign to destroy the publisher. After asking officials at the Obama administration if they “really wanted” the publisher for whistleblowers and warning that “there Read More