A global group of cyber criminals stole $45 million from two Middle Eastern banks by hacking into credit card processing companies and withdrawing money from ATMs in 27 countries, U.S. prosecutors said.
Suppose you have $1,000 to invest in the stock market. How would you decide to pick one stock over another? Scientists have made great progress in understanding how people choose between similar options.
While the New Zealand's financial system remains sound, developments in private sector credit and the housing market point to increasing risks to financial stability in the country, said Reserve Bank Governor Graeme Wheeler.
Italy's economy is to shrink by 1.4 percent this year and grow by 0.7 percent next year while unemployment will rise to a record high of 12.3% in 2014, according to the national statistics agency ISTAT.
The U.S. Environmental Protection Agency (EPA) will provide grants of $340 million to the state of New York and $229 million to the state of New Jersey for water treatment facilities impacted by Hurricane Sandy.