As part of the efforts to sharpen its security edge and turn around its fortunes, Cisco announced in May that it was partnering with IBM (IBM) to tackle cybercrime.
The U.S. Federal Reserve, as widely expected, unanimously decided line to raise interest rates this month. Going into the two-day monetary policy meeting which began on Tuesday, traders had put a less than 3 percent chance on rate hike. The Fed also laid out the groundwork to being winding down its massive stimulus program sooner … Continue reading Fed Says Balance Sheet Trimming to Begin “Relatively Soon”
OPEC Communicates Its Support for Oil Crude oil prices continued to be steady and they have managed to continue their slow and steady rise during the last 24 hours. There have been a few developments since the beginning of the week which has supported the crude oil prices and the most important of them has … Continue reading Market Snapshot – Oil and Dollar the Focus