BizNews Blog

The majority of banks in the United States are in a great pressure to improve data security and customer accounts. Regulators urge banks to increase supervision after Citigroup Inc. on Wednesday (08/06/2011) local time, confirmed as many as 200,000 customers’ accounts in North America breached by hacker.

As a regulator, the Federal Deposit Insurance Corp (FDIC)) said that they were preparing new measures for data security in a more stringent banking. FDIC Chairman Sheila Bair, on Thursday (09/06/2011) local time, ordered some banks to strengthen authentication of transactions when customers access accounts online. Read it all..

China will exceed the U.S. and dominate global trade in 2030, says a leading accounting firm.

China global trade ready to surge exceed the U.S. in 2030, according to a report from PricewaterhouseCoopers (PwC).

Currently, China’s international trade worth 2.21 trillion dollars, compared with 2.66 trillion U.S. dollars.

China established as the world’s second largest economy earlier this year, taking over the Japanese.

According to the PwC report, the coming years will be seen global trade through a fundamental change as new economies like China and India began to dominate the air transport routes and major sea.
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Amid increasing demand from Muslims and non-Muslims, halal food soon became mainstream in Europe with more supermarket chains that offer these foods according to Islamic rules.

“We’re starting to see that these products not only in specialty stores but also began to enter the mainstream of modern retailers,” said Frits Van Dijk, Executive Vice President Nestle, the world’s largest food group.

He added that Nestle recently started selling halal products frozen food and meat based in France.

Van Dijk said that a number of well-known networks such as Britain’s Tesco and Carrefour of France also offer a range of halal products in its outlets.

Milk powder, spices, and sauces are some of the halal products are most popular in Europe today. Read it all..

Japanese Stock markets rose in early trading on Wednesday (11/5) due to the weakening yen against the U.S. dollar lifted shares of exporters. In addition to the U.S. stock appreciation in the middle of the technology sector agreements.

The Nikkei Stock Average rose 1% to 9,920.84, with Canon Inc. rose 1.3% and Honda Motor Co. rose 1.5%. Topix index traded rose 0.7% to 862.30, while the dollar was at 80.98 yen from 80.81 yen earlier in late North American trading Tuesday.

Shares of NEC Corp. also gained 4.1% since managed to avoid the big losses the last few quarters, while Toyota Motor Corp. shares rose 1.7% in the middle of waiting the final financial report later trading.

Having previously dropped sharply, Yen steady shortly after the big earthquake in Japan on Friday (11/03/2011), while the euro rebounded against the US dollar, which fell after a downgrade Spain.

Yen falls to 83.30 against the dollar as dealers rushed away from the risk of earthquake, but recovered in the afternoon to 82.89 against the greenback, compared with 82.91 yen in New York late Thursday.

The euro was taken at 1.3807 dollars, compared with Read it all..