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..

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.

Average world oil prices during the year 2010 are estimated to reach USD 85 per barrel in line with world economic recovery.

According to observers Kurtubi petroleum, oil prices will be in the range of USD 70-80 per barrel in the first quarter, then will begin to crawl up to the level of USD 85 per barrel in second quarter. This condition will continue to increase in quarter III and IV to the level to Read it all..