Emerging Markets
Crypto Thefts Are Surging, Spurring More Coin Money-Laundering
Criminals are stealing more cryptocurrency from exchanges, and that's driving growth in a cottage industry of services that allows for money laundering of coins, according to a new report. In the ...
Citigroup’s Mexico Division Will Distribute Chubb Insurance, Surety Products
Chubb and Citigroup have sealed a distribution agreement involving the sale of insurance products in Mexico. The arrangement takes place through local divisions of each company: Citigroup's ...
Ukraine Warns Another Massive Hacker Attack Coming From Russia
Hackers from Russia are infecting Ukrainian companies with malicious software to create "back doors" for a large, coordinated attack, Ukraine's cyber police chief told Reuters on Tuesday. The hackers ...
Saudi Insurance Stocks See Huge Gains With End of Female Driver Ban
Saudi insurers posted significant gains on Sunday, on hopes that insurance volumes will rise as women began driving in Saudi Arabia, in the end of the world's last ban on female drivers. This lifted ...
Custody Protection, Regulation, Insurance Seen Paving Way for Shift to Cryptocurrencies
Hedge fund manager Kyle Samani embraces his job making multimillion-dollar bets on the wild market for cryptocurrencies, but he's long contended with a headache: ensuring his holdings aren't stolen. ...
Insurers Stand to Benefit if Malaysia Revisits Foreign Ownership Directive
Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a third as finding domestic buyers for the equity stakes is proving hard, three people ...
Who Will Allianz Acquire Next? There Are Plenty of Potential M&A Targets
A $94 billion financial behemoth is keeping the market on tenterhooks about its next move. Europe's largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential ...
A $42B Cryptocurrency Plunge Follows South Korean Hack Attack
The 2018 selloff in cryptocurrencies deepened, wiping out $42 billion of market value over the weekend and extending this year's slump in Bitcoin to more than 50 percent. Some observers pinned the ...