28 May

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ECB Expected to Keep Its Higher Bond-Buying Pace Through Summer By Bloomberg

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(Bloomberg) -- The European Central Bank is increasingly expected by economists and investors to extend the elevated pace of its emergency bond-buying at its next meeting, despite a likely economic rebound. HSBC Holdings Plc (LON:HSBA), UBS Group AG (SIX:UBSG) and ABN Amro Bank NV are among those who expect the Governing Council to prolong current stimulus settings on June 10. Economists surveyed before the previous meeting said purchases would probably be scaled back next quarter. The predictions come after days of top officials pushing back against the idea that they’re ready to...

28 May

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After Colonial attack, energy companies rush to secure cyber insurance By Reuters

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By Laura Sanicola (Reuters) - U.S. energy companies are scrambling to buy more cyber insurance after this month's attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of ransomware attacks. The Colonial ransomware attack on May 7 shut the largest fuel pipeline network in the United States for several days, crippling fuel delivery to most of the U.S. East Coast. Pipeline companies rely on electronic networks, putting them at risk of additional attacks that could hamper delivery of crude...

28 May

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Credit Suisse scandals prompt Switzerland to think unthinkable: punish bankers By Reuters

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By John O'Donnell and Brenna Hughes Neghaiwi FRANKFURT (Reuters) - Exasperation with Credit Suisse (SIX:CSGN) following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable. Credit Suisse's heavy losses from the collapse of family office Archegos and the decimation of billions of client investments backed by insolvent British financier Greensill have angered regulators and triggered a rare discussion among lawmakers about fining bankers. The debate, the biggest public discussion about banking reform since the financial crash, centres on ending the current laissez-faire regime, where...

28 May

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Hyundai Motor considers selling one of its Beijing factory sites – Yonhap By Reuters

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SEOUL/BEIJING (Reuters) - South Korea's Hyundai Motor Co is in talks with the Chinese government to sell one of its factory sites in Beijing, news agency Yonhap reported on Friday, citing unnamed sources. Yonhap said Hyundai Motor is promoting the sale of the factory site, the first one it had built in Beijing, to the Shunyi district government in China's capital city. (https:// Beijing Hyundai, the joint venture between Hyundai Motor and China's BAIC Motor Corp Ltd, has three manufacturing plants in Beijing. Hyundai and BAIC did not immediately respond to requests for comment....

28 May

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Reuters postpones website paywall amid Refinitiv dispute By Reuters

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By Kenneth Li (Reuters) - Reuters News postponed the launch of its website paywall following a dispute with financial data provider Refinitiv over whether the move would breach a news supply agreement between the two companies. Reuters, a unit of Thomson Reuters Corp, had been planning to start charging for news on Reuters.com from June 1. It was not immediately clear how long the delay would last. In a staff meeting on Thursday, Reuters Editor-in-Chief Alessandra Galloni confirmed that the news agency had paused the launch of the website paywall as well as the introduction...

28 May

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China January-April state-owned firms’ profit up 240% year-on-year – finance ministry By Reuters

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BEIJING (Reuters) - Profit at China's state-owned enterprises rose 240% to 1.36 trillion yuan ($213.42 billion) in the first four months of the year versus the same period a year prior, the ministry of finance said on Friday. ($1 = 6.3725 Chinese yuan renminbi) ...

28 May

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Microsoft says group behind SolarWinds hack now targetting government agencies, NGOs By Reuters

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(Reuters) - The group behind the SolarWinds cyber attack identified late last year is now targeting government agencies, think tanks, consultants, and non-governmental organizations, Microsoft Corp (NASDAQ:MSFT) said late on Thursday. "This week we observed cyberattacks by the threat actor Nobelium targeting government agencies, think tanks, consultants, and non-governmental organizations", Microsoft said in a blog https:// Nobelium, originating from Russia, is the same actor behind the attacks on SolarWinds customers in 2020, according to Microsoft. "This wave of attacks targeted approximately 3,000 email accounts at more than 150 different organizations", Microsoft said. While...

28 May

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Asian stocks extend global rally to 7th day, U.S. stimulus in focus By Reuters

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By Kevin Buckland TOKYO (Reuters) - Asian stocks put global equities on course for a seventh day of gains on Friday as investors bet the U.S. will lead the world out of the COVID-19 pandemic, with the focus turning to a multi-trillion dollar spending boost by the Biden administration. Tokyo led the advance, with the Nikkei jumping 1.9% early in the session. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3%, hitting its highest level this month, though Chinese blue chips slipped 0.1% just after the open. The MSCI world equity index added 0.1%...

28 May

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Autodesk Beats in Q1, Raises Outlook Amid Ongoing Cloud Demand By Investing.com

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By Yasin Ebrahim Autodesk (NASDAQ:ADSK) (NASDAQ:ADSK) raised full-year guidance on revenue after reporting Thursday first-quarter results that beat analysts' forecasts, driven by ongoing customer demand for cloud services and a boost from acquisitions. For the full-year, adjusted EPS was forecast in a range of $4.67 to $4.97 on revenue of $4.31 billion to $4.39 billion. "We are raising our FY22 revenue guidance to reflect a partial year contribution from acquisitions and remain on track to achieve our FY23 financial goals," the company said. Autodesk announced earnings per share of $1.03 on revenue of $989.3 million. Analysts...

28 May

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When is a sausage just a sausage? Controversial ads fuel S.Korea’s sexism debate By Reuters

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SEOUL (Reuters) - This month three South Korean companies and the Seoul police have had to pull ads and other content after men's rights groups claimed that "small penis" symbols were used, insulting men. The offending images? Hands with the thumbs and the index fingers pinching towards each other illustrating the reaching out for an object. But the gesture is also often used to indicate something small in size and in South Korea, it is associated with a strident, albeit now defunct, feminist group that used the image in its logo. Exacerbating the problem, one ad...

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ECB Expected to Keep Its Higher Bond-Buying Pace Through Summer By Bloomberg

After Colonial attack, energy companies rush to secure cyber insurance By Reuters

Credit Suisse scandals prompt Switzerland to think unthinkable: punish bankers By Reuters

Hyundai Motor considers selling one of its Beijing factory sites – Yonhap By Reuters

Reuters postpones website paywall amid Refinitiv dispute By Reuters

China January-April state-owned firms’ profit up 240% year-on-year – finance ministry By Reuters

Microsoft says group behind SolarWinds hack now targetting government agencies, NGOs By Reuters

Asian stocks extend global rally to 7th day, U.S. stimulus in focus By Reuters

Autodesk Beats in Q1, Raises Outlook Amid Ongoing Cloud Demand By Investing.com

When is a sausage just a sausage? Controversial ads fuel S.Korea’s sexism debate By Reuters

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