Casaba Security Co-Founder Samuel Bucholtz on cloud computing, information safety and Box.
NEW YORK — Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong advanced nearly 2.5% and other regional benchmarks were moderately higher. Oil prices slipped. Signs of progress in China's effort to bring outbreaks of coronavirus under control appeared to be outweighing concern over weaker than expected Chinese economic data for April. Investors also are watching for comments by Federal Reserve officials that might provide insi
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Inter Pipeline Ltd. ("Inter Pipeline") announced today that it has agreed to issue $550 million of senior unsecured notes (the "Notes"). The Notes will have a fixed interest rate of 5.849% per annum, payable semi annually, and will mature on May 18, 2032.
Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday. Insured losses from natural catastrophes have increased 250% in the last 30 years, with perils such as wildfires and storms, seen as particularly impacted by climate change, causing an even faster rise in insured losses, the report said. Insurers' main catastrophe risk in the past was typically from hurricanes in U.S. states such as Florida and Texas, Seth Rachlin, global insurance industry leader at Capgemini, told Reuters.
The United States and European Union will announce a joint effort to avert a "subsidy race" as they scramble to boost production of scarce semiconductor chips, a senior Biden administration official said. The move will be unveiled at the second meeting of the U.S.-EU Trade and Technology Council (TTC), taking place on Sunday and Monday in Paris. The TTC pledged at an inauguration conference last year in Pittsburgh to deepen transatlantic cooperation to strengthen chip supply chains, curb China's non-market trade practices, and take a more unified approach to regulating big, global technology firms.
Major investment houses are cutting their forecasts for the yuan for the second time in just three weeks as the Chinese currency's recent sharp declines tore through their previous revisions, catching many off guard. A triple whammy of slowing growth, COVID-19-related economic disruptions and aggressive U.S. Fed tightening has put strong downward pressure on the yuan, while Chinese authorities appear to be standing aside to let their tightly managed currency drop. The spot yuan rate has tumbled more than 6% against the dollar in the last four weeks and was at 6.7992 per dollar on Monday, busting past the 6.71 median year-end forecast in a poll of nine banks in late April.
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NEW YORK (Reuters) -Peloton Interactive Inc and NordicTrack maker iFit said they have settled all pending litigation between them, where the fitness equipment makers accused each other of infringing their respective patents. In a joint statement on Monday, the companies said Peloton agreed to license some iFit patents concerning remote control technology, while iFit will remove some on-demand leaderboard technology from its products. The settlement came six days after New York-based Peloton posted a record $757.1 million quarterly loss as it wrestled with waning demand for its bikes and treadmills, with more people resuming pre-pandemic activities.
HOPIUM, the first French manufacturer of high-end hydrogen vehicles, announces today the strengthening of its governance, with the proposed appointment of Jean-Baptiste Djebbari as a member of its Board of Directors. This appointment will be submitted to the approval of HOPIUM's next General Assembly, on June 20th, 2022.
SMBC Aviation Capital agreed on Monday to buy smaller rival Goshawk Aviation for an enterprise value of $6.7 billion in a deal it said would make it the world's second largest aircraft lessor by number of aircraft. The acquisition to create a combined company with 37 billion euros ($38.45 billion) in assets comes six months after Ireland's AerCap Holdings NV consolidated its position as the world's largest aircraft lessor through its takeover of General Electric's leasing business. SMBC, which is owned by a consortium including Japan's Sumitomo Corp and Sumitomo Mitsui Financial Group, said it will take over a portfolio of 176 owned and managed aircraft to bring its total fleet to 709.
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OTTAWA — Canadian manufacturing sales and wholesale trade figures climbed higher in March, but the gains came due to higher prices. Statistics Canada said Monday manufacturing sales rose 2.5 per cent to $70.2 billion in March, however sales in constant dollars were unchanged. Meanwhile, wholesale sales rose 0.3 per cent in March to $79.8 billion, but in constant dollar terms sales fell 0.6 per cent for the month. Nikita Perevalov, director of economic forecasting at Scotiabank, said the disappoi
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Bank of England boss Andrew Bailey is sorry for an "apocalyptic" view of the world, saying that monetary policy faces its biggest test in 25 years with surging inflation exacerbated by war in Ukraine and China's COVID lockdowns. Federal Reserve chief Jerome Powell, who warned last week that taming inflation will "include some pain", and European Central Bank president Christine Lagarde speak later on Tuesday.
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BEIJING (AP) — Authorities in Beijing restricted more residents to their homes on Tuesday in a now 3-week-long effort to control a small but persistent COVID-19 outbreak in the Chinese capital. Seven adjoining areas in the city's Fengtai district were designated lockdown zones for at least one week, with people ordered to stay at home in an area covering about 4 by 5 kilometers (2.5 by 3 miles). The area is near a wholesale food market that was closed indefinitely on Saturday following the disco
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TORONTO — A broad rally led by the energy sector pushed Canada's main stock index higher for a second-straight session after six days of losses. Angelo Kourkafas, investment strategist at Edward Jones, says sentiment has stabilized after Friday's rally which followed a deep selloff. "Today, in the absence of any major catalysts we think markets are trying to find some support, but they're doing so in a cautious way," he said in an interview. Defensive sectors such as consumer staples and utiliti
BERLIN (AP) — Voters backed the incumbent conservative governor and dealt a blow to Chancellor Olaf Scholz’s Social Democrats on Sunday in Germany’s most populous state, projections based on partial counts showed. Figures published by public broadcaster WDR forecast the Christian Democrats making small gains in the North Rhine-Westphalia state election to take 35.7% of the vote. The Social Democrats slumped to 26.7%, while the environmentalist Greens more than doubled their share with 18.2% — a
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