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Zurich identifies seven cyber risks that threaten systemic shock

Thursday, April 24, 2014
News Making Money

Orders boost Flash PMI

24/10/2013 11:57 (181 Day 18:25 minutes ago)

The FINANCIAL -- China’s manufacturing sector hit a seven-month high in October, according to the HSBC Flash China Manufacturing Purchasing Managers’ Index. The index rose to 50.9, from 50.2 in September.


Businesses reported that new orders and backlogs of work both increased at a faster rate. New export orders also rose, while input and output prices were higher. However, employment levels fell, albeit at a slower rate.

“October’s HSBC Flash China Manufacturing PMI™ rose to a seven-month high of 50.9 on the back of broad-based modest improvements. This implies that China’s growth recovery is becoming consolidated into 4Q following the bottoming out in 3Q. The momentum is likely to continue in the coming months, creating favourable conditions for speeding up structural reforms,” Qu Hongbin, Chief Economist for Greater China and Co-Head of Asian Economic Research, said.

The Flash China Manufacturing Output Index also improved, rising to a six-month high of 51.0, from 50.2 in September.

The Flash PMI is based on a survey of purchasing executives in China. This early indicator is based on around 85-90 per cent of total PMI monthly survey responses. An index figure above 50 signals expansion, while below 50 signals contraction.



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“The former Yugoslav Republic of Macedonia”: presidential election and early parliamentary elections

23/04/2014 16:38 (13:44 minutes ago)

The FINANCIAL -- A 14-member delegation of the Parliamentary Assembly of the Council of Europe (PACE), led by Stefan Schennach (Austria, SOC), will travel to “the former Yugoslav Republic of Macedonia” from 25 to 28 April to observe the conduct of the presidential election (2nd round) and the early parliamentary elections, alongside observers from the OSCE’s Parliamentary Assembly and Office for Democratic Institutions and Human Rights (ODIHR), according to PACE.



Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (4 Day 16:42 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

Philippines: Further reforms to strengthen growth, create more and better jobs

11/04/2014 12:00 (12 Day 18:22 minutes ago)

The FINANCIAL -- The Philippines is likely to remain as one of the fastest growing economies in the East Asia and Pacific region in the next two years.

Zurich identifies seven cyber risks that threaten systemic shock

23/04/2014 17:00 (13:22 minutes ago)

The FINANCIAL -- The recently published Zurich Cyber Risk Report, created in collaboration with the international think tank Atlantic Council, argues that cyber-risk management professionals need to look beyond their internal information technology safeguards to interconnected risks which can build up relating to counterparties, outsourced suppliers, supply chains, disruptive technologies, upstream infrastructure and external shocks, according to Zurich Insurance Company.


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