DIRS.INFO The most relevant business & tech news

☆ He taught cops how to fight crypto crime. Now he's accused of running a $100 million dark web drug market.
▼ + stars: | 2024-05-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

Lin Rui-siang stands accused of running a $100 million dark web drug market, attempting to blackmail its users, and instructing others on how to evade anti-money-laundering investigators. Federal prosecutors say that he owned and operated Incognito Market, a dark web drug market selling heroin, cocaine, oxycodone, and other illicit substances. The DoJ said Lin used the pseudonyms "Pharoah" and "faro." The indictment claims that Lin closed the drug marketplace in or around March, and that he refused to return money stored in the "bank" to vendors and customers. The outlet said that "Pharoah" posted on a dark web market forum that its aim was to help users evade anti-money-laundering investigators.

Persons: —, Lin Rui, siang, Lin, John F, Lucia, Edward A, Caban Organizations: Service, Business, Department of Justice, Kennedy, WIRED, St, Lucia Police, Lucia Police Force, DoJ, Justice Department, FBI, Homeland Security Investigations, Drug Enforcement Administration, Food, Drug, Criminal Investigations, New York Police Department, NYPD Locations: Royal, faro

☆ Bank of Japan will be fairly cautious in path to policy normalization
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFixed income strategist: Bank of Japan has a lot to consider in its path to policy normalizationKheng Siang Ng of State Street Global Advisors says Bank of Japan won't hike rates for the sake of policy normalization as "it wants the economy to grow".

Persons: Siang Ng Organizations: Bank of Japan, Street Global Advisors

☆ Analysis: Bank of Japan gives an inch, investors ready to claim a mile
▼ + stars: | 2022-12-21 | by ( Tom Westbrook | ) www.reuters.com time to read: +5 min

But rather than providing breathing room, investors say it is likely to encourage more of the sort of pressure that has bent the bond market out of shape. "Fifty basis points becomes the new 25 basis points. When trading resumed in Japan, 10-year JGB yields shot towards their new ceiling and futures fell so fast it triggered a circuit breaker suspending trade. By the end of the session, 10-year bond yields sat 14.5 basis points higher at 0.395%, the sharpest one-day rise for Japanese 10-year yields in more than 14 years. Mandatory credit Kyodo/via REUTERSThose swaps - another market measure of interest rate expectations - tracked bond yields until early this year.

☆ Bank of Japan makes surprise policy tweak
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +8 min

ATUSHI TAKEDA, CHIEF ECONOMIST, ITOCHU ECONOMIC RESEARCH, TOKYO:"Today's move reflects the BOJ's determination not to alter its yield cure control policy. CAROL KONG, CURRENCY STRATEGIST, COMMONWEALTH BANK OF AUSTRALIA, SYDNEY:"I think the move was certainly unexpected, to say the least. MOH SIONG SIM, CURRENCY STRATEGIST, BANK OF SINGAPORE:"They've widened the band, and I guess that came earlier than expected. CHRISTOPHER WONG, CURRENCY STRATEGIST, OCBC, SINGAPORE:"The timing of the policy tweak is a surprise, though we have been expecting the move to come in 2Q 2023. "The tweak may seem modest but is significant for a central bank that has held dovish for a long time.

☆ Malaysia's Anwar begins work as PM after polarising election
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +4 min

[1/3] Malaysia's newly appointed Prime Minister Anwar Ibrahim greets his supporters as he leaves his news conference in Sungai Long, Selangor, Malaysia November 24, 2022. Office of Anwar Ibrahim/Afiq Hambali/Handout via REUTERSKUALA LUMPUR, Nov 25 (Reuters) - Malaysia's Anwar Ibrahim is expected to start discussions on forming his cabinet on Friday as he begins work as prime minister at a challenging time, with the economy slowing and the country deeply split after a close election. Anwar, who was appointed by Malaysia's king following an inconclusive election, said that the people of Malaysia had long been awaiting change. Both men's coalitions failed to win a majority in Saturday's election, but Malaysia's constitutional monarch, King Al-Sultan Abdullah, appointed Anwar after speaking to several lawmakers. Markets surged on Thursday on the end of political deadlock, but investors will be monitoring how Anwar manages the aftermath of the election.

☆ Malaysia's Mahathir fears Najib would walk free if graft-tainted party wins polls
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +3 min

Former Malaysian Prime Minister Najib Razak speaks to journalists outside the Federal Court during a court break, in Putrajaya, Malaysia August 23, 2022. REUTERS/Lai Seng SinKUALA LUMPUR, Oct 11 (Reuters) - Malaysia's veteran politician and opposition leader Mahathir Mohamad predicted on Tuesday that disgraced former prime minister Najib Razak would be released from jail if his graft-tainted ruling party wins an upcoming general election. "Should they be able to win and form the government, that is the first objective, not about the welfare of the people," Mahathir, who had two stints as prime minister, told a news conference. They were both prosecuted, along with other party leaders, after UMNO lost the 2018 election for the first time in Malaysia's history as voters punished the party for 1MDB and other corruption scandals. Investigators have said some $4.5 billion was stolen from 1MDB - co-founded by Najib during his first year as prime minister in 2009 - and that over $1 billion went to accounts linked to Najib.

Search resuls for: "siang"

6 mentions found