The top U.S. intelligence official on Tuesday said he was skeptical that a new cyber U.S.-China cyber agreement would slow a growing torrent of cyber attacks on U.S. computer networks, and said his approach will be to "trust but verify."
Hackers who stole security clearance data on millions of Defense Department and other U.S. government employees got away with about 5.6 million fingerprint records, some 4.5 million more than initially reported, the government said on Wednesday.
The IEA indicated in its report that the long-awaited rebalancing of the global oil market has begun but is likely to last through 2016 as the supply overhang is expected to persist through 2016. Overall it was a supportive report but one that is still projecting supply to outstrip demand through 2016.
One day after shocking the globe by devaluing its currency, the Chinese government is now trying to tell us not to worry; that the move is not a sustained devaluation even after China's Central Bank for the second day in a row cut the guiding rate for the Yuan.
Since July, every time crude oil gets a bid there is some news to squash the rally. This time the People's Bank of China, in a surprise move, devalued its currency causing its biggest one day sell-off in almost 20 years.