Financial Daily Dose 1.10.2020 | Top Story: Ransomware Attack on Travelex Sows Chaos Across Foreign Exchange Sector

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Hackers who targeted airport currency exchange mainstay Travelex in a ransomware attack on New Year’s Eve have alerted British media that they possess 5 GB of sensitive customer data from the company “since gaining access to Travelex six months ago and intended to sell it if there was no response by Jan. 14” to their demand for $6 million in ransom – NYTimes and Law360

The outage has affected forex transactions at retail banks—from Barclays and Lloyds to Westpac Banking—as well, all of which rely on Travelex to supply cash in foreign currencies – WSJ

The holidays have made this a later-than-usual Jobs Report Friday. Here’s what to watch for in the numbers – NYTimes and WSJ and Bloomberg and MarketWatch

Boeing’s bad-look parade for its 737 Max continues unabated with the release of a “new batch of internal messages in which company employees discussed deep unease” with the plane – Bloomberg and NYTimes and WSJ

Content, apparently, that the recent turmoil involving Iran has subsided, stocks surged to new heights on Thursday – NYTimes and WSJ and MarketWatch

Grubhub is aggressively pushing back against recent stories in the Journal and NY Post suggesting that its shopping itself around, saying it is “confident in its growth strategy whether or not it makes acquisitions” – Bloomberg

The new BoJo-friendly UK House of Commons voted this week to back the Brexit deal the Prime Minister negotiated with the EU late last year, supporting the measure 330 to 231. The legislation now heads to the House of Lords – WSJ

An economic crisis three-years in the making is hitting state-owned insurance company PT Asuransi Jiwasraya, which is desperately seeking a government bailout to address the $2 billion “hole in its books”—the result of “product mispricing, reckless investment activities, aggressive window dressing and liquidity pressure” – Bloomberg

Recent testimony from a Swiss trader-turned-government-witness has prompted Goldman Sachs to open a compliance probe into one of its veteran bankers. The trader testified this week that he “stole mining-sector merger secrets” from the Goldman banker while the two were a couple in 2010 – Law360 and Bloomberg

Regional Fed chiefs James Bullard and Neel Kashkari have gone on record in support of holding short-term interest rates steady for the foreseeable future. Their statements echo recent comments from Fed Vice Chair Richard Clarida suggesting the U.S. economy is in a “good place” – WSJ

The U.S. and China are “finalizing a bevy of long-running corporate deals” in anticipation of the long-awaited signing of phase one of a trade deal between the two countries next week. While details about the substance of the phase one pact remain limited, the corporate dealmaking suggests the return of some optimism about the economic relationship between the economic giants – Bloomberg

The pics alone accompanying the Times’ 52 Places in 2020 piece feel like a getaway. Because we all can dream, right?  – NYTimes

Have a great weekend.

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