Business

Swiss watchdog reprimands Credit Suisse over 1MDB dealings

Swiss watchdog reprimands Credit Suisse over 1MDB dealings

The regulator has also imposed financial prohibition orders against three former and current employees of the financial institutions and said it intends to take action against three others. Since then, the MAS shut down two Swiss-based private banks, BSI and Falcon, and imposed financial penalties of 29.1 million Singapore dollars ($21 million) on eight banks including UBS and Standard Chartered.



Pentagon: U.S. successfully destroys ICBM target in defense test

The United States military has successfully staged its first-ever missile defence test involving a simulated attack by an intercontinental ballistic missile (ICBM), as concerns mount over North Korea's advancing missile and nuclear program.



North Korea claims to develop precision guided missiles

In February, North Korea successfully tested a land-based KN-15 missile, a new solid-fuel intermediate-range missile, which traveled 310 miles into the Sea of Japan. The North Koreans have not yet tested an intercontinental ballistic missile. "The intercept of a complex, threat-representative ICBM target is an incredible accomplishment for the GMD system and a critical milestone for this program", said MDA Director Vice Admiral Jim Syring.



RBNZ sees diminishing financial risks as dairy prices recover

He said today that those restrictions have caused house-price growth to slow over the past eight months. "Should high house price growth return and the proportion of housing lending at high DTI ratios remains high, a DTI restriction could be warranted".


Duluth Chipotle Restaurant Part of Nationwide Data Breach

Duluth Chipotle Restaurant Part of Nationwide Data Breach

Kessler Investment Group Llc bought 241,263 shares as the company's stock declined 34.72% while stock markets rallied. The firm owned 898 shares of the restaurant operator's stock after selling 414 shares during the period. Since December 1, 2016, it had 0 buys, and 2 insider sales for $266,185 activity. Just recently, the franchise restaurant has announced that the malware responsible for this credit card hack is identified.