Author: Press Room

© Reuters. Cybercriminals under the moniker N4ughtySecTU have once again targeted major credit bureaus TransUnion (NYSE:) and Experian (OTC:), threatening to release sensitive data unless a hefty ransom is paid. This latest extortion attempt comes amidst a series of high-profile cyberattacks that have put South African citizens’ data security at risk. On Tuesday, TransUnion received a ransom demand for $30 million, accompanied by the disclosure of private information belonging to journalist Sabelo Skiti as proof of the hack. Although TransUnion has found no evidence of breach or data loss in its South African operations, the company remains on high alert.…

© Reuters. The relative tranquility in the Forex markets on Thanksgiving Thursday set the stage for a steady performance in oil prices as traders returned from the holiday. WTI oil has held near $76 per barrel, showing little reaction to the quiet movement in the US Dollar. The market’s focus is now turning to a series of significant upcoming events that could introduce volatility. Oil prices have seen a slight increase over the week, with WTI crude stabilizing around $74 after a ceasefire in Gaza eased concerns about potential disruptions in regional energy transport. As traders look ahead, next week’s…

John M. Chase CSX Corporation (NASDAQ:CSX) issued a statement about a derailment of a train north of Livingston, Kentucky. The company said preliminary information indicated that at least 16 cars were involved, including two molten sulphur cars that have been breached and have lost some of their contents which is on fire. Two other cars were carrying magnesium hydroxide, but CSX (CSX) said they likely were not breached in the derailment. The other cars had non-hazardous materials. Specialized equipment was deployed to conduct air monitoring in the area, and CSX (CSX) was in close contact with the Rockcastle county emergency…

© Reuters. The Nigerian Naira has continued its decline, hitting record lows in both the official and parallel foreign exchange markets. Amidst the ongoing currency crisis, Central Bank of Nigeria (CBN) Governor Dr. Olayemi Cardoso is expected to announce new monetary policies today at a Chartered Institute of Bankers of Nigeria (CIBN) event. The Naira officially fell to a new low of N956.33 against the Dollar on Thursday, down from N840.53, according to data from FMDQ Securities Exchange. This significant depreciation was mirrored in parallel markets, where the Naira closed at N1,142/$1 and N1,162/$1 in peer-to-peer and black market segments,…

Consumer Financial Protection Bureau Director Rohit Chopra testifies before the Senate Banking, … [+] Housing and Urban Affairs Committee in the Dirksen Senate Office Building on Capitol Hill on December 15, 2022 in Washington, DC. Photo by Chip Somodevilla/Getty Images)Getty Images I went to Las Vegas for Money20/20, one of the lighthouse events for me and a great many other fintech fans. I’m not saying this to make you jealous — although you should be, because I had a lot of fun and I won a couple of hundred dollars at blackjack — but because I was thinking about how…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jeff Zucker has accused rival bidders for the Telegraph of “slinging mud”, as the former CNN boss promised the UK government he would guarantee the newspaper’s independence.Zucker’s Abu Dhabi-backed RedBird IMI company emerged in pole position to acquire the media company this month, causing concern among Conservative MPs over the future of a newspaper traditionally aligned with their party. Zucker told the Financial Times he would “make sure that [the UK government] understand that we’re prepared to make commitments that should assuage…

European Central Bank President Christine Lagarde, speaking at a Bundesbank youth event, conveyed the need for prudence before making any changes to the current monetary policy. After a period of substantial tightening, Lagarde emphasized the importance of assessing the economic impact of these measures. She addressed market speculation about potential rate cuts by April, stating that it is essential to consider various factors, including wage dynamics and geopolitical developments, prior to adjusting interest rates. Lagarde reiterated the ECB’s commitment to its consumer-price growth targets, with expectations for inflation to converge with the bank’s 2% objective by the second half of…

© Reuters. Investors eyeing dividends from Newmont Corporation (NYSE:NEM) should mark their calendars as the mining giant approaches its ex-dividend date on Tuesday, Nov 28. To secure eligibility for the dividend, shareholders must own shares before this crucial date. Following the ex-dividend date, the record date is set for Wednesday, Nov 29, where transactions occurring post-ex-dividend may not meet the eligibility for the record date. The upcoming dividend payment is scheduled for Friday, Dec 22, at a rate of $0.40 per share. Despite offering an annual dividend sum of $1.60 per share with a yield of 4.2% based on the…

© Reuters The precious metals market in India saw mixed signals today, with spot Gold prices experiencing a slight decline, while futures showed a modest uptick amidst global economic cues. In the major Indian cities of Mumbai and Ahmedabad, Gold was trading between INR 63,120 and INR 63,315 per 10 grams. The Multi Commodity Exchange of India (MCX) reported that spot Gold dropped to INR 61,175 per 10 grams, with futures edging up to INR 61,130 for the same quantity. Meanwhile, contracts fell to INR 72,755 (USD1 = INR83.362) per kilogram. This price movement comes after a week of significant…

Novo Nordisk (NVO) is set to roll out its highly popular weight-loss drug Wegovy in Asia, marking the medicine’s first foray into the continent. Wegovy, also known as semaglutide, is slated to launch in Japan on Feb. 22, 2024. The drug will be available at a monthly cost of 7,504 Japanese yen ($50.15) for a 0.25-milligram starter dose and 42,960 yen for a 2.4 mg dose to patients who have a body mass index (BMI) above 35, or a BMI above 27 for patients with two or more obesity-related co-morbidities, Novo (NVO) said. The Danish company has been pushing ahead…