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POPULAR NEWS
Oil Holds Loss as Iraq Seeks to Revive Output From Kirkuk Fields

Oil held losses as Iraq sought to revive output from fields in the country™s northern Kurdish regions and as U.S. fuel inventories increased. Futures added 0.2 percent in New York after dropping 1.4 percent Thursday. Iraq engineers worked to replace equipment missing from oil fields in the disputed Kirkuk province that government troops recaptured this week from Kurdish forces, a person with knowledge of the situation said. U.S. gasoline stockpiles rose for a fourth week...

Gold Heads for Weekly Drop as U.S. Equities at Record

Gold heads for fifth weekly decline in six, with U.S. stocks at record levels and investors weighing monetary policy implications of a new chair of U.S. Federal Reserve. Bullion for immediate delivery -0.3% to $1,285.92/oz at 9:40am in Singapore, according to Bloomberg generic pricing Price -1.4% this week S&P 500 Index eked out gain to finish at fresh all-time high Bloomberg Dollar Spot Index +0.3% this week Yield on 10-year Treasuries steady at...

Tokyo Stocks Open Lower, Nissan Under Pressure

Tokyo stocks opened lower Friday on profit-taking after the benchmark index posted its longest string of gains in nearly 30 years, while Nissan dropped as it unveiled plans to suspend production amid an inspection scandal. The Nikkei 225 fell 0.32 percent, or 67.72 points, to 21,380.80 in early trade, while the broader Topix index lost 0.36 percent, or 6.19 points, to 1,723.85. Source: AFP

U.S. stocks close at records on tax cut hopes

U.S. benchmark stock indexes all rose on Friday to close at record levels after the Senate adopted a federal budget for next year, a key step on the road to tax cuts. The Dow Jones Industrial Average advanced 164 points to 23326, and was up 2.0% for the week. The Nasdaq Composite Index gained 24 points at 6629. The S&P 500 was up 13 points to 2575, and 0.9% for the week. The Dow and the S&P 500 close out their sixth straight weekly gain, while the Nasdaq notched its fourth straight...

Gold Prices Decline as Dollar Gains Strength on Tax Reform Hopes

The gold selloff resumed on Friday, with the metal set to suffer its worst weekly performance in a month as the dollar rallied on news that the Republican-controlled Senate has passed a budget blueprint. Gold for December delivery lost $7.10, or 0.6%, to $1,282.90 an ounce, setting it on track for its lowest settlement since Oct. 6 and a 1.7% weekly drop. That would mark the worst week since Sept. 22, according to FactSet data. Silver for December lost 0.3% to $17.20 an ounce, putting it on...

Australia Jet and Navy Data Stolen in Extensive Hack
Thursday, 12 October 2017 21:12 WIB | GLOBAL |Global

Sensitive information about Australia's defence programmes has been stolen in an "extensive" cyber hack.

About 30GB of data was compromised in the hack on a government contractor, including details about new fighter planes and navy vessels.

The data was commercially sensitive but not classified, the government said. It did not know if a state was involved.

Australian cyber security officials dubbed the mystery hacker "Alf", after a character on TV soap Home and Away.

The breach began in July last year, but the Australian Signals Directorate (ASD) was not alerted until November. The hacker's identity is not known.

"It could be one of a number of different actors," Defence Industry Minister Christopher Pyne told the Australian Broadcasting Corp on Thursday.

"It could be a state actor, [or] a non-state actor. It could be someone who was working for another company."

Mr Pyne said he had been assured the theft was not a risk to national security.

Weaknesses exploited

The hack was described as "extensive and extreme" by ASD incident response manager Mitchell Clarke.

It included information about Australia's new A$17bn (£10bn; $13bn) F-35 Joint Strike Fighter programme, C130 transport plane and P-8 Poseidon surveillance aircraft, as well as "a few" naval vessels, he said.

Mr Clarke told a Sydney security conference that the hacker had exploited a weakness in software being used by the government contractor. The software had not been updated for 12 months.

The aerospace engineering firm was also using default passwords, he said.

ASD officials began repairing the system in December.

A report by ZDNet said officials referred to the months before ASD intervention as "Alf's mystery happy fun time".

"For those visitors overseas to Australia, Alf is Alf Stewart from an horrific Australia soap opera called Home and Away. It's just a thing we do," Mr Clarke told his audience, according to BuzzFeed.

'Salutary reminder'

The government distanced itself from the Adelaide-based firm, saying it had most likely been employed by another contractor.

"I don't think you can try and sheet blame for a small enterprise having lax cyber security back to the federal government. That is a stretch," Mr Pyne said.

"Fortunately, the data that was taken was commercial data, not military data, but it is still very serious and we will get to the bottom of it."

However, he said "we don't necessarily let the public know" about the identities of hackers, because such investigations often involve confidential information.

The incident was a "salutary reminder" about cyber security, he added.

Last year, Australia announced a surge in defence spending, a move that reflects concern over military expansion in the region.

Military spending would grow by A$29.9bn over 10 years, including plans to buy 72 Joint Strike Fighters, the 2016 Defence White Paper outlined.

 

Source: BBC

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POPULAR NEWS
Oil Holds Loss as Iraq Seeks to Revive Output From Kirkuk Fields

Oil held losses as Iraq sought to revive output from fields in the country™s northern Kurdish regions and as U.S. fuel inventories increased. Futures added 0.2 percent in New York after dropping 1.4 percent Thursday. Iraq engineers worked to replace equipment missing from oil fields in the disputed Kirkuk province that government troops recaptured this week from Kurdish forces, a person with knowledge of the situation said. U.S. gasoline stockpiles rose for a fourth week...

Gold Heads for Weekly Drop as U.S. Equities at Record

Gold heads for fifth weekly decline in six, with U.S. stocks at record levels and investors weighing monetary policy implications of a new chair of U.S. Federal Reserve. Bullion for immediate delivery -0.3% to $1,285.92/oz at 9:40am in Singapore, according to Bloomberg generic pricing Price -1.4% this week S&P 500 Index eked out gain to finish at fresh all-time high Bloomberg Dollar Spot Index +0.3% this week Yield on 10-year Treasuries steady at...

Tokyo Stocks Open Lower, Nissan Under Pressure

Tokyo stocks opened lower Friday on profit-taking after the benchmark index posted its longest string of gains in nearly 30 years, while Nissan dropped as it unveiled plans to suspend production amid an inspection scandal. The Nikkei 225 fell 0.32 percent, or 67.72 points, to 21,380.80 in early trade, while the broader Topix index lost 0.36 percent, or 6.19 points, to 1,723.85. Source: AFP

U.S. stocks close at records on tax cut hopes

U.S. benchmark stock indexes all rose on Friday to close at record levels after the Senate adopted a federal budget for next year, a key step on the road to tax cuts. The Dow Jones Industrial Average advanced 164 points to 23326, and was up 2.0% for the week. The Nasdaq Composite Index gained 24 points at 6629. The S&P 500 was up 13 points to 2575, and 0.9% for the week. The Dow and the S&P 500 close out their sixth straight weekly gain, while the Nasdaq notched its fourth straight...

Gold Prices Decline as Dollar Gains Strength on Tax Reform Hopes

The gold selloff resumed on Friday, with the metal set to suffer its worst weekly performance in a month as the dollar rallied on news that the Republican-controlled Senate has passed a budget blueprint. Gold for December delivery lost $7.10, or 0.6%, to $1,282.90 an ounce, setting it on track for its lowest settlement since Oct. 6 and a 1.7% weekly drop. That would mark the worst week since Sept. 22, according to FactSet data. Silver for December lost 0.3% to $17.20 an ounce, putting it on...

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