Australia plans to toughen privacy rules to force companies to notify banks faster when they experience cyber attacks, Prime Minister Anthony Albanese said on Monday, after hackers targeted the country's…
Category: Business
The Dow is in a bear market. What does that mean?
The Dow Jones Industrial Average, the oldest of Wall Street's three main stock indexes, dropped 1.1% on Monday, extending the decline from its January peak to more than 20%, meeting…
Lowered profit forecasts raise concerns on shaky Wall Street
Recent profit warnings from bellwether companies like Ford Motor Co, may signal more challenges ahead for corporate America, increasing wariness for investors as the stock market deepens its sell-off. Investors…
$100 million New Jersey deli scheme leads to U.S. fraud charges
Three men, including a father-and-son duo, were criminally charged on Monday with orchestrating a market manipulation scheme that briefly caused the owner of a tiny New Jersey deli to have…
Morning Bid: “Our currency” and falling knives
A look at the day ahead in Asian markets from Jamie McGeever The fear and fragility sweeping global markets can be summed up by a 50-year old quote on the…
Scotiabank taps board member Thomson as CEO in surprise move
Bank of Nova Scotia (BNS.TO) said on Monday it appointed Scott Thomson, a board member for six years, to succeed Chief Executive Officer Brian Porter, a move that came as…
Sterling hits all-time low versus broadly stronger dollar
The British pound dropped to an all-time low against the dollar on Monday as investors worried Britain's new economic plan will hurt the country's finances, while the Bank of England…