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June 19, 2018
AP-NC Newswatch
June 20, 2018
Financial News

 

 

 

Asian, European stocks rise … Voice activated banking? … SKorean crypto exchange loses $31 million from hack

 

SINGAPORE (AP) – Asian and European stocks rose today as investors rallied around signs that the global economy was on track, amid heated exchanges between the world’s two largest economies over trade. In early trading European shares also were up, with Germany’s DAX gaining 0.4 percent, France’s CAC 40 adding 0.3 percent and Britain’s FTSE 100 gaining 1.2 percent. Wall Street is expected to open higher with Dow futures up 0.4 percent and broader S&P 500 futures up 0.3 percent.

 

NEW YORK (AP) – Big banks are starting to offer banking through Amazon’s Alexa, Apple’s Siri, and Google’s Assistant. The service will allow customers to check their balances, pay bills and, in the near future, send money just with their voice. But the potential to do such sensitive tasks through a smart speaker has security experts concerned. Virtual assistants and smart speakers are still relatively new technologies, and potentially susceptible to being exploited by cyber criminals.

 

SEOUL, South Korea (AP) – A leading South Korean cryptocurrency exchange says $31 million worth of virtual currencies have been stolen by hackers. Bithumb, South Korea’s second-largest exchange, said that cyberattacks from late Tuesday night to Wednesday morning led to the loss of 35 billion won worth of cryptocurrencies. Another exchange in South Korea earlier this month was hacked for a $37 million loss.

 

BEIJING (AP) – A business group says one in five foreign companies in China feels compelled to hand over technology as the price of market access – a key irritant in an escalating U.S.-Chinese trade conflict. The European Union Chamber of Commerce in China’s report follows President Donald Trump’s order for tariffs on additional Chinese goods in response to complaints Beijing steals or pressures companies to hand over technology. China has threatened to retaliate.

 

CANBERRA, Australia (AP) – Australia’s largest telecommunications company says it will ax 25 percent of its employees over three years in a bid to save 1 billion Australian dollars ($740 million USD). That’s about 8,000 jobs. The chief executive of Telstra Corp. says, “We have to do this because I think as an industry, we’re at a tipping point.”

 

 

AP-WF-06-20-18 1031GMT