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Bangladesh Bank mulls lawsuit against NY Fed over hack

Bangladesh's central bank is weighing the possibility of a lawsuit against the Federal Reserve Bank of New York after hackers stole US$81 million from the Bangladesh bank's account with the NY Fed, ac ...More

EJ Insight2016-03-23

Brussels attacks stir debate over airport security

... ty at New York City's two airports. The Obama administration was expected to announce new measures to tighten US airport security. A United Nations agency is already due to review airport security fol ...More

EJ Insight2016-03-23

Hackers lurked in Bangladesh central bank’s servers for weeks

... nk of New York. The criminals, posing as Bangladeshi central bank officials, sent dozens of secure messages to the New York Fed, which transferred funds belonging to Bangladesh from the Fed to bank ac ...More

EJ Insight2016-03-22

China asked Fed for a little help in dealing with market crash

... BoC's New York-based chief representative for the Americas, Song Xiangyan, said "my Governor would like to draw from your good experience", according to the report. It is not known whether the PBOC ha ...More

EJ Insight2016-03-22

Dollar plunge intrigues market skeptics

... gy in New York at Bank of Montreal. "For the market to have abandoned the dollar this soon is pretty premature." The Bloomberg Dollar Spot Index, which tracks the currency against 10 major peers, touc ...More

EJ Insight2016-03-21

How US$81 mln hacked from Bangladesh reserves landed in Manila

... nk of New York involving US$951 million. Of that total, four payments comprising US$81 million were later cleared at Rizal Bank and another for US$20 million was cleared at Pan Asia Banking Corp. in S ...More

EJ Insight2016-03-21

Alfred Chan to take over as new head of EOC

... over from York Chow Yat-ngok, EOC's incumbent chairman, with effect from April 11, the government said in a statement.  His appointment is for a period of three years. Following the announcement, The ...More

EJ Insight2016-03-18

Nike unveils power-lacing sneakers, other innovations

... 0, in New York this week. Other innovations include transparent air-filled soles and soccer cleats made from a plastic that prevents mud from sticking to the sole, Reuters reports. Nike is also launch ...More

EJ Insight2016-03-18

New York's Plaza Hotel to go on sale next month

New York’s Plaza Hotel is poised to go on sale next month, potentially ending two years of uncertainty over ownership of the storied property. Billionaire brothers David and Simon Reuben hold the mort ...More

EJ Insight2016-03-17

Frankfurt and London seal US$30 bln tie-up to counter US threat

... after New York Stock Exchange owner Intercontinental Exchange said it may bid for the British group. Nearly 16 years after Deutsche Boerse first tried to take over LSE, the exchanges said last month t ...More

EJ Insight2016-03-17

North Korea court sentences US student to 15 years hard labor

... , the New York Times reported. – Contact us at [email protected] CG ...More

EJ Insight2016-03-16

Trump knocks Rubio out of race, Clinton pulls away

US Republican front-runner Donald Trump swept three states and drove rival Marco Rubio out of the White House race, but the New York billionaire's loss in the crucial state of Ohio wrought more chaos ...More

EJ Insight2016-03-16

Canadian drugmaker faces default on US$30 bln debt

... 54 in New York trading, its biggest decline ever. The value of stakes held by Pershing Square and ValueAct, another large investor, lost about US$700 million in one day. Investment firm Ruane, Cunniff ...More

EJ Insight2016-03-16

Apple opens mobile news app to all publishers

... , The New York Times, The Atlantic and Bloomberg -- starting in the United States. Stories for display are chosen based on the topics and outlets selected by the reader. All three Silicon Valley firms ...More

EJ Insight2016-03-16

North Korea: We can bomb Manhattan to ashes

... an in New York City, all the people there would be killed immediately and the city would burn down to ashes.” The newly developed hydrogen bomb “surpasses our imagination,” a scientist named Cho Hyong ...More

EJ Insight2016-03-15

Zheshang Bank launches US$1.75 bln IPO in Hong Kong

... laced New York in 2015 as the world's biggest IPO market by the amount of funds raised, has seen just US$800 million of new listings so far this year. But activity is expected to pick up in the coming ...More

EJ Insight2016-03-14

Bangladesh vows action on US$100 million cyber heist

... nk of New York last month. Abul Maal Abdul Muhith, the finance minister, told reporters in Dhaka on Sunday that he was going to meet Prime Minister Sheikh Hasina and planned to issue a statement on th ...More

EJ Insight2016-03-14

How China Sees Trump, and what is missed

... al in New York City, one that would have truly established him as a titan of America, and he needed cash fast. He came to Hong Kong looking for investors, and met them for a game of golf. They wanted ...More

EJ Insight2016-03-12

What mainland Chinese consumers earn and spend

... rtook New York as the "billionaire capital of the world", and country-to-city migration is at its highest level in recent history. But mainland China's average annual wage was 56,360 yuan (US$8,655) i ...More

EJ Insight2016-03-10

Chinese man jailed in US for trying to buy poison pills

A former New York University student from China who tried to buy a deadly toxin in order to sell "simple and easy death pills" has been jailed by a US court. Cheng Le, 22, was sentenced to 16 years in ...More

EJ Insight2016-03-09

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