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Brussels mourns victims of airport and metro terror attacks

... a Belgian federal prosecutor told a news conference. A government official said the third suspect had been seen running away from the airport building. Police later found and detonated a third explosi ...More

EJ Insight2016-03-23

Hackers lurked in Bangladesh central bank’s servers for weeks

... nt in the Federal Reserve Bank 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 Bangla ...More

EJ Insight2016-03-22

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

China's central bank sent an urgent message to the US Federal Reserve last year seeking advice on dealing with a stock market crash, Reuters reported. When the benchmark Shanghai Composite Index plung ...More

EJ Insight2016-03-22

Dollar plunge intrigues market skeptics

The US dollar declined for the third straight week as the Federal Reserve signaled a slower pace of interest rate hikes. The greenback outperformed most developed and emerging-market currencies in the ...More

EJ Insight2016-03-21

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

... ns to the Federal Reserve Bank 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 ...More

EJ Insight2016-03-21

Focus on high-dividend stocks amid policy easing

... rate. The Federal Reserve, the only central bank that is in the tightening cycle, may halt the rate normalization process. We believe the Fed may raise rates for no more than twice in the second half ...More

EJ Insight2016-03-19

Bonds are a necessary asset class in your portfolio

The US Federal Reserve decided to hold interest rates unchanged this week. It has also trimmed expectations for future rate hikes from four times to twice this year given various external uncertainti ...More

EJ Insight2016-03-18

Philippine company to return cyber heist profit to Bangladesh

...  with the Federal Reserve Bank of New York. Bautista told the Senate blue ribbon committee that US$15 million was remitted to PhilRem from a Philippine bank account of a certain Enrico Teodoro Vasquez ...More

EJ Insight2016-03-18

Fed behind the curve in interest rate game

The Federal Reserve held interest rates steady on Wednesday as expected. The focus now shifts to its future policy stance. The Fed is behind the curve as shown by various data in recent months, which ...More

EJ Insight2016-03-18

Oil hits 2016 highs on output freeze hopes

... er the US Federal Reserve indicated Wednesday there will be two US interest rate hikes this year instead of four also drew oil buyers that use currencies such as the euro. Organization of the Petroleu ...More

EJ Insight2016-03-18

Fed holds steady, eyes two rate hikes this year

The US Federal Reserve held interest rates steady Wednesday and indicated that moderate US economic growth and "strong job gains" would allow it to tighten policy this year. Fresh projections show pol ...More

EJ Insight2016-03-17

US dollar loses strength as Fed remains cautious about rate hike

The US dollar edged up in early trading Tuesday. The US Federal Reserve is unlikely to announce a rate hike at its meeting this week, but it may underline that, as long as inflation and the job marke ...More

EJ Insight2016-03-16

Bangladesh central bank chief quits over US$81 mln cyber heist

... nt at the Federal Reserve Bank of New York, which it uses for international settlements, between Feb. 4 and Feb. 5. They managed to transfer US$81 million to entities in the Philippines, and the money ...More

EJ Insight2016-03-16

Washington Metro shut down for safety checks

... s for the federal government, as hundreds of thousands of employees struggle to get to work. The Office of Personnel Management, which oversees the federal workforce, said government offices would rem ...More

EJ Insight2016-03-16

Gunman killed in Brussels anti-terror raid

... Belgium's federal prosecutor, leading the investigation, said one or more suspects barricaded themselves in an apartment after firing through a door at police who arrived to search it. Police said two ...More

EJ Insight2016-03-16

Anbang wins US security panel nod to buy Fidelity & Guaranty

... nel of 16 federal agencies, was harder than expected, because US officials were concerned about the vast amount of customer health and financial information that insurance companies have access to, a ...More

EJ Insight2016-03-16

Hong Kong stocks may trade sideways near term

Hong Kong stocks posted gains recently due to several factors. Investors took heart from a Wall Street rally, which came amid expectations that the US Federal Reserve might hold off on further rate h ...More

EJ Insight2016-03-15

Fed expected to sit tight on rates, hint at hikes to come

The US Federal Reserve won't raise interest rates this week but will likely make it clear that as long as US inflation and jobs continue to strengthen, economic weakness overseas won't stop rates from ...More

EJ Insight2016-03-15

Bangladesh bank heist serves as further reminder on cyber risks

... nt on the Federal Reserve Bank of New York, Deutsche Bank, or any other third party to flag suspicious activity. We can expect attacks of this nature to become more aggressive and cyber-attackers in g ...More

EJ Insight2016-03-14

Bangladesh vows action on US$100 million cyber heist

Bangladesh’s finance minister pledged to act against its central bank for not informing him about a cyber heist in which hackers broke into a Bangladesh Bank account with the Federal Reserve Bank of N ...More

EJ Insight2016-03-14

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