Phishing scams’s banking email scam

Banking chiefs have issued a warning over a sophisticated internet
banking scam that attempted to dupe people into handing over personal
account details.

The latest so-called “phishing” fraud involved an email
that targeted dozens at staff working at Cumbrian Newspapers Ltd in
Carlisle.

Recipients were told their access to internet banking had been
suspended and that as customers they needed to log in.

The site then asked for a user ID number and other details which, if
given, could give the fraudsters access to the person’s personal
account.

The News & Star has found that the bogus website is linked to a
Malaysian dating website.

Tim Pie, head of personal finance media relations for HSBC, said:
“I can only assume that somebody has somehow got hold of
everybody’s email address at Cumbrian Newspapers, undoubtedly
illegally.

“Unfortunately, criminal phishing gangs operate from all over
the world, buying and selling email lists with thousands addresses for
use in the scam.

“In the UK, one in ten people will have some sort of banking
relationship with the HSBC, though not all will use internet banking.

“Thankfully, these scams are increasingly unsuccessful. Most
people are aware that their bank does not communicate with them by
email in this way.”

He said that the bank carried out its own monitoring to check on what
may be suspicious transactions in customer accounts.

Anybody who is concerned about a potential phishing scam can contact
HSBC on 0845 600 2290. Suspicious emails can be forwarded to
phishing@hsbc.com.

The operation repo schedule news market money

MUMBAI, Sept 17 (Reuters) – Indian overnight cash rates fell sharply
on Wednesday after the central bank said it would conduct two repo
auctions daily and was also temporarily easing the borrowing norms for
banks in an attempt to ensure liquidity.

The Reserve Bank of India said on Tuesday to alleviate the pressures
and ensure liquidity in the money market it would conduct a second
money market operation every day between 4 and 4:30 p.m. until further
notice.

It said it would also allow banks to obtain further liquidity of up to
1 percent of their deposits, in addition to the normal method of
borrowing funds from the central bank. See [ID:nBOM324806].

Morgan Stanley estimates the central bank’s move will result in
additional liquidity available to banks to the extent of 350 billion
to 375 billion rupees.

“RBI had announced a slew of measures to contain call rates yesterday,
which has brought them down,” said Imran Abrar, assistant manager at
state-run Bank of Rajasthan.

The weighted average rate in the call money market was 10.0 percent,
while collateralised borrowing and lending obligation (CBLO), a
secured form of money market lending was 8.98 percent, according to
the Clearing Corp of India (CCIL).

Volume in the call money market was 129.64 billion rupees and in CBLO
it was 162.07 billion rupees, CCIL data showed.

The central bank did not receive any bids at its morning reverse repo
auction, while it pumped in 298.15 billion rupees through the repo
route, much lower than 575.65 billion at the previous auction,
reflecting some respite being provided by the dual money market
operation. (Reporting by Swati Bhat; Editing by Prem Udayabhanu)

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Operation repo schedule’s news reuters market

KARACHI, Spet 8 (Reuters) – Pakistan’s central bank said it will buy
Treasury bills from commercial banks on Monday in five-day reverse-
repo contracts to inject liquidity in the money market.

The State Bank of Pakistan did not say how much money it will inject
in the open market operation.

The result of the auction will be announced at 10:45 a.m (0445 GMT)
and settlement will be later in the day.

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
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Operation repo schedule’s news money percent

MUMBAI, Sept 23 (Reuters) – Indian overnight cash rates fell on
Tuesday helped by some infusion of liquidity through the daily money
market operations, but the shortage of funds kept rates well above 9
percent levels.

“There was some borrowing through the repo today and as it is the
second week of the reporting period, the demand for funds typically
comes down,” a dealer with a state-run bank said.

“The shortage is still there and will continue till the time we don’t
see the tax outflows coming back into the system via some government
spending,” he added.

Banks have to report their cash balances to the Reserve Bank of India
on alternate Fridays. Banks try to fund their requirements in the
first half of the fortnight, which reduces demand in the second week,
pushing rates lower.

Dealers said many banks were also borrowing for a three-day period as
India’s public sector bank employees will go on a two-day strike from
Wednesday after talks between their union and the chief labour
commissioner failed. See [ID:nDEL001961].

The weighted average rate in the overnight call money market was 12.13
percent, while for the three-day money it was 13.23 percent, according
to the Clearing Corp of India (CCIL)..

In collateralised borrowing and lending obligation (CBLO), a secured
form of money market lending the weighted average was 9.16 percent,
CCIL data showed.

Total volume in call money was 128.41 billion rupees and in CBLO it
was 189.19 billion rupees, according to CCIL.

The central bank did not receive any bids at either of its two daily
reverse repo auctions, while it pumped in 703 billion rupees in to the
system through the two repo auctions, lower than 788.6 billion the
previous day, indicating a slight easing of cash tightness in the
system. (Reporting by Swati Bhat)

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

Operation repo schedule’s news federal reverse

NEW YORK, Sept 25 (Reuters) – The Federal Reserve Bank of New York
said that it drained $20.0 billion from the banking system on Thursday
through an overnight reverse repo operation.

To implement monetary policy, short-term repurchase and reverse
repurchase agreements are used to temporarily affect the size of the
Federal Reserve System’s portfolio and to influence day-to-day trading
in the federal funds market.

At the time that the Fed undertook its reverse repo operation on
Thursday, federal funds were trading at 1.75 percent, below the Fed’s
2 percent benchmark for the rate. (Reporting by Chris Reese; Editing
by James Dalgleish)

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

The operation repo schedule news rate reuters

NEW YORK, Sept 30 (Reuters) – The key lending rate between U.S. banks
slipped on Tuesday after the Federal Reserve added $20 billion in
temporary reserves into the banking system via a 28-day repurchase
operation.

The interest rate on federal funds, or surplus reserves that banks
lend to each other overnight, last traded at 6 percent after opening
at 7 percent.

The fed funds rate is still well above the current 2 percent target
rate set by the Fed. (Reporting by Richard Leong; Editing by James
Dalgleish)

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

Operation repo schedule’s news reverse thursday

NEW YORK, Sept 25 (Reuters) – The U.S. Federal Reserve said it
undertook a $2 billion overnight system reverse repurchase agreement
on Thursday, to further drain temporary reserves from the banking
system after doing an initial reverse repo.

Earlier on Thursday, the Fed said that it drained $20.0 billion from
the banking system through an overnight reverse repo operation,
bringing the total amount of overnight reverse repurchases on Thursday
to $22 billion.

To implement monetary policy, short-term repurchase and reverse
repurchase agreements are used to temporarily affect the size of the
Federal Reserve System’s portfolio and to influence day-to-day trading
in the federal funds market.

At the time that the Fed undertook its second reverse repo operation
on Thursday, federal funds were trading at 1.75 percent, below the
Fed’s 2 percent benchmark for the rate. (Reporting by Chris Reese;
Editing by Theodore d’Afflisio)

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

News engines engine in engine

PARIS, Sept 25 (Reuters) – Engine makers hit back at Airbus parent
EADS (EAD.PA: ) on Thursday in a tussle over who is to blame for
delays to the A400M military transport plane, saying they had
delivered their equipment for crucial tests on time.

EADS earlier postponed the maiden flight of the A400M indefinitely,
citing problems with its brand-new propulsion system that includes the
West’s largest turbo-prop engines.

In a rare public response, France’s Safran (SAF.PA: ) said eight TP400
turboprop engines for the first two A400M models had been delivered
and it was not responsible for delayed tests.

It also defended the performance of vital control software for the
engines, a component that Airbus has said is running late.

“The control software for these engines, also covering control of the
propeller and the nacelle, which are the responsibility of Airbus
Military, are currently in the final phase of compliance with civil
aviation standards,” Safran said. The nacelle is the engine housing.

“However, prior to the first flight of the A400M, this software will
integrate adjustments following the completion of engine test flights
on a (Lockheed) C-130. These tests, which are under the responsibility
of Airbus Military, have not yet started,” it said in a statement.

Safran said it was issuing the statement on behalf of all the members
of the EPI engine consortium, which also includes Rolls Royce (RR.L:
).

Airbus officials have blamed the delays on problems of coordination
between the engine partners and fault the control software used to run
the engines, a key item known as FADEC.

At stake is the future of Europe’s largest military project, already
running between six and 12 months late.

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

News reuters cfm in engine

PARIS, Sept 25 (Reuters) – CFM International, the world’s largest aero
engine maker jointly owned by General Electric (GE.N: ), has slowed
production due to a strike at Boeing (BA.N: ), a Safran executive
said.

The action by Boeing workers is expected to have a revenue impact of
$50-100 million at year-end based on a four week strike, he told
Reuters.

CFM is the only engine producer for the Boeing 737 single-aisle plane,
its most popular model. CFM also supplies engines for some Airbus
(EAD.PA: ) aircraft.

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

News reuters f-35 in engine

CHICAGO, Sept 25 (Reuters) – United Technologies Corp’s (UTX.N: )
Pratt & Whitney unit said on Thursday that it has been awarded a
contract worth up to $491 million to provide propulsion systems for
F-35 Lightning II fighter aircraft.

Lockheed Martin Corp (LMT.N: ) is working on the $299 billion F-35
Joint Strike Fighter program for the Pentagon, the most expensive U.S.
arms buy in history.

Engine maker Pratt & Whitney said the contract is for 12 F-35
production aircraft, including six capable of short takeoffs and
vertical landings.

The company said the first propulsion systems will be delivered
starting in the third quarter of 2009.

In trade on the New York Stock Exchange, United Technologies shares
were up 42 cents at $60.05.

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.