Marking a return to its investment banking roots as trading revenue slows, and by pitching creative deals to big, complex clients, Goldman Sachs Group Inc is betting it can get its money-making mojo back. Media reports quoting sources said that focused on generating compelling deal ideas for companies like Warren Buffett’s conglomerate Berkshire Hathaway Inc…
Deepening a rift amid sanctions on the OPEC-member country Venezuela, the fifth largest U.S. buyer of Venezuelan crude, PBF Energy, has halted direct purchases from state-run oil company PDVSA, reported the media citing four sources. PDVSA owes bondholders $1.2 billion in debt payments due this month and further disagreements could spell new hardships for it even…
As a result of the hack, confidential information of nearly 350 of its clients have been leaked. The Guardian has reported citing anonymous sources, Deloitte, a global accounting firm, had suffered a cyber attack in September. As a result of the cyber attack, a server which contained e-mails of nearly 350 of its clients, including…
Neurensic specialises in developing machine learning based software which markets participants, includers, traders, stock exchanges and market regulators, can use in real time to spot market related risks. Chicago-based Trading Technologies International Inc, a trading software provider has disclosed that has acquired Neurensic LLC for an undisclosed amount. Neurensic uses ai for market surveillance and…
The Equifax hack has affected 693,665 consumers in UK , 145.5 million in the U.S. and 8,000 in Canada. In yet another startling revelation, Equifax Inc said, 15.2 million records of its clients in Britain were compromised in the cyber attack that it suffered last month; this includes sensitive information affecting nearly 700,000 consumers. The…
U.S. investigators are gradually piecing together how the Kremlin orchestrated its disinformation campaign using U.S. platforms to influence the 2016 U.S. Presidential campaign. As per a person briefed on Google’s probe on Russian involvement in the 2016 U.S. elections, Google has discovered that Russian agents had spent tens of thousands of dollars on ads on…
Here’s the scoop on how Russian hackers have managed to conduct cyber attacks against U.S. businesses, politicians and defense organization, including the Pentagon, with ease. Following a news report by Reuters that the ArcSight security software had been scrutinized by Russia, its owners, Micro Focus International Plc, a British tech firm, stated it would restrict…
Ever wandere why the U.S. government banned the use of Kaspersky Anti-virus on government computers? How difficult is to remotely exploit vulnerabilities in voting machines and computer systems. Here’s a 5 minute read that sheds light on these topics. In an unlikely coalition, academics and hackers have joined forces with U.S. governors to strengthen and…
Analysts are expecting Samsung’s memory chip business to be its cash cow. On Tuesday, Samsung Electronics Co Ltd’s shares rose by 4.5% on analysts’ expectation that the world’s no. 1 memory chip maker will announce record profits for its memory chip business for the second quarter. Samsung’s shares marked their biggest intraday jump since October…
The new tactical approach has already starting paying dividends: the Norwegian government has recommended to repeal certain provisions related to taxis while the EFTA surveillance authority has ruled in Uber’s favor saying the Norway’s restrictions on taxi licenses were illegal. On Monday, Uber stated it would suspend UberPOP, its unlicensed service in Oslo and wait…
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