India Approves Investment Proposals of Vodafone and Tesco

Indian panel approved Vodafone's deal to buy remaining stake in Indian subsidiary for $1.6bn



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/india-approves-investment-proposals-vodafone-tesco-1430692 December 31, 2013 at 03:28PM http://ifttt.com/images/no_image_card.png

Metal Warehouses Reduce Fee Hikes as LME Pushes Reforms

Warehousing companies will increase rent charges by an average of 3% in April, compared to 7% last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/metal-warehouses-reduce-fee-hikes-lme-pushes-reforms-1430673 December 31, 2013 at 01:04PM http://ifttt.com/images/no_image_card.png

China Local Government Debt Soars Raising Fears of Hard Landing

National Audit Office says China's debt rose 70% from three years ago to 17.9tn yuan.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/china-local-government-debt-soars-raising-fears-hard-landing-1430672 December 31, 2013 at 11:52AM http://ifttt.com/images/no_image_card.png

Bitcoin: Value of All Virtual Currencies Combined is Close to $13bn

Bitcoins are collectively worth $9.1bn at the moment; $750.99 per coin.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/bitcoin-value-all-virtual-currencies-combined-close-13bn-1430501 December 30, 2013 at 05:14PM http://ifttt.com/images/no_image_card.png

Japan's Stock Index Posts Best Annual Return in 41 Years

Nikkei index closed up 0.7% at fresh six-year high of 16,291.31 on 30 December.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/japans-stock-index-posts-best-annual-return-41-years-1430477 December 30, 2013 at 03:06PM http://ifttt.com/images/no_image_card.png

UK Government Could Complete Lloyds Sell-Off in 2014

Daily Telegraph reports government may start selling its remaining stake after bank's results.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/british-government-could-complete-lloyds-sell-off-2014-1430469 December 30, 2013 at 01:11PM http://ifttt.com/images/no_image_card.png

UK Home Price Growth Set to Continue in 2014 Amid Demand-Supply Mismatch

Home prices jumped 4.4% in 2013 on robust demand amid shrinking supply, according to Hometrack.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/uk-home-price-growth-set-continue-2014-amid-demand-supply-mismatch-1430468 December 30, 2013 at 11:46AM http://ifttt.com/images/no_image_card.png

Australia Businessman Selling A$1.4m Home for Bitcoins

Cliff White pins hope on Bitcoin value rising to $10,000.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/australia-businessman-selling-1-4m-home-bitcoins-hope-bonanza-1430206 December 24, 2013 at 04:58PM http://ifttt.com/images/no_image_card.png

India's Glenmark Eyes Big Deals in West with Biologics

Company recently won more than $200m selling rights to its drugs.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/indias-glenmark-eyes-big-deals-west-biologics-1430199 December 24, 2013 at 04:12PM http://ifttt.com/images/no_image_card.png

Japan's 7-Eleven Stores to Go Online Taking Cues from US Retailers

Toshifumi Suzuki, CEO of Seven & I Holdings, is looking to migrate 50,000 bricks and mortar stores in Japan to internet.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/japans-7-eleven-stores-go-online-taking-cues-us-retailers-1430179 December 24, 2013 at 01:51PM http://ifttt.com/images/no_image_card.png

UK and US Experience Lacklustre Pre-Christmas Retail Sales

UK and US consumers postponed buying, anticipating better deals.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/uk-us-experience-lacklustre-pre-christmas-retail-sales-1430170 December 24, 2013 at 12:14PM http://ifttt.com/images/no_image_card.png

Singapore Open to Bitcoin Payments

Monetary Authority of Singapore (MAS) decided not to intervene on whether businesses accept bitcoins as mode payment.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/singapore-open-bitcoin-payments-1430101 December 23, 2013 at 03:58PM http://ifttt.com/images/no_image_card.png

Target Data Breach Adds to Case for Computer Chip-Based Card System

New technology that stores data on chips makes it harder for hackers.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/target-data-breach-adds-case-computer-chip-based-card-system-1430083 December 23, 2013 at 01:52PM http://ifttt.com/images/no_image_card.png

Apple to Boost China Revenues Making Use of World's Largest Mobile Network

Apple partnered with China Mobile to sell its iPhone 5s and iPhone 5c models.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/apple-boost-china-revenues-making-use-worlds-largest-mobile-network-1430075 December 23, 2013 at 12:47PM http://ifttt.com/images/no_image_card.png

'Megaupload's Kim Dotcom Targeted One-to-One Copying of Unauthorised YouTube Videos'

Wall Street Journal reports top executives at Megaupload admitted unauthorised sharing of videos.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/megauploads-kim-dotcom-targeted-one-one-copying-unauthorised-youtube-videos-1430070 December 23, 2013 at 11:55AM http://ifttt.com/images/no_image_card.png

Edward Snowden NSA Scandal: Agency 'Provided' $10m to Create 'Back Door' in RSA Security Solution

NSA 'paid' $10m to RSA to embed encryption software into software tool Bsafe.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/edward-snowden-nsa-scandal-agency-provided-10m-create-back-door-rsa-security-solution-1429932 December 21, 2013 at 11:01AM http://ifttt.com/images/no_image_card.png

Miami Sues Major US Banks for 'Predatory' Mortgage Lending in City

Miami filed suit against Bank of America, Citigroup and Wells Fargo last week.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/miami-sues-major-us-banks-predatory-mortgage-lending-city-1429846 December 20, 2013 at 04:12PM http://ifttt.com/images/no_image_card.png

'Faithless' Ex-Morgan Stanley Fund Manager Ordered to Repay $31m to Former Employer

Joseph "Chip" Skowron who had been bank's FrontPoint Partners hedge fund manager was convicted for insider trading.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/faithless-ex-morgan-stanley-fund-manager-ordered-repay-31m-former-employer-1429819 December 20, 2013 at 03:25PM http://ifttt.com/images/no_image_card.png

Cyprus Approves First Post-Bailout Budget With Deep Spending Cuts

Cyprus plans 10% reduction in annual spending to meet fiscal targets set by lenders including IMF.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/cyprus-approves-first-post-bailout-budget-deep-spending-cuts-1429795 December 20, 2013 at 01:42PM http://ifttt.com/images/no_image_card.png

UK Consumer Sentiment Deteriorates For Third Month in Row

GfK NOP's consumer confidence index declines by 1 point to -13 in December.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/uk-consumer-sentiment-deteriorates-third-month-row-1429789 December 20, 2013 at 12:39PM http://ifttt.com/images/no_image_card.png

China's Central Bank Provides Quick Cash to Lenders to Avoid Squeeze

Bank conducts short-term liquidity operation after highest rise in 7-day repo rate.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/chinas-central-bank-provides-quick-cash-lenders-avoid-squeeze-1429788 December 20, 2013 at 11:18AM http://ifttt.com/images/no_image_card.png

JPMorgan Confirms Instant Messenger and Chat Room Ban for Traders

Bank prohibited staff from participating in instant message groups amid FX fixing scandal.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/jpmorgan-confirms-instant-messenger-chat-room-ban-traders-1429589 December 19, 2013 at 04:44PM http://ifttt.com/images/no_image_card.png

UK Car Manufacturing to Hit Six-Year High in 2013

SMMT says car manufacturing will cross 1.5m units in 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/uk-car-manufacturing-hit-6-year-high-2013-1429553 December 19, 2013 at 02:19PM http://ifttt.com/images/no_image_card.png

India's Tax Department Raises £367m Demand from Vodafone in Transfer-Pricing Case

Vodafone will have to pay amount in 30 days or appeal demand.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/indias-tax-department-raises-367m-demand-vodafone-transfer-pricing-case-1429548 December 19, 2013 at 01:29PM http://ifttt.com/images/no_image_card.png

US Fed to Begin Tapering Its Stimulus at $10bn a Month

US Treasury purchases to be trimmed from $45bn to $40bn per month and mortgage-backed securities purchase from $40bn to $35bn per month.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/us-fed-begin-tapering-its-stimulus-10bn-month-1429541 December 19, 2013 at 11:48AM http://ifttt.com/images/no_image_card.png

Warren Buffet Biggest Gainer in 2013 With $37m Per Day Earnings

Warren Buffet earned $12.7bn in 2013 and has net worth of $59.1bn at year end.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/warren-buffet-biggest-gainer-2013-37m-per-day-earnings-1429477 December 18, 2013 at 05:10PM http://ifttt.com/images/no_image_card.png

London and Singapore Markets Compete for AS Watson's Secondary Listing

Hutchison Whampoa has hired three banks to manage stock market listing of its AS Watson division.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/london-singapore-markets-compete-watsons-secondary-listing-1429455 December 18, 2013 at 03:46PM http://ifttt.com/images/no_image_card.png

US Treasury Cautions Bitcoin 'Money Transmitters' on Legal Compliance

Treasury's FinCEN sent letters to bitcoin businesses that are defined as money transmitters.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/us-treasury-cautions-bitcoin-money-transmitters-legal-compliance-1429425 December 18, 2013 at 01:07PM http://ifttt.com/images/no_image_card.png

Australia Announces $90m Job Package to Offset GM's Exit

GM subsidiary Holden earlier announced its exit would affect 2,900 jobs in Australia.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/australia-announces-90m-job-package-offset-gms-exit-1429421 December 18, 2013 at 11:49AM http://ifttt.com/images/no_image_card.png

BP-Led Consortium Agrees on $45bn Azerbaijan Gas Project to Change Europe's Energy Map

Project would see expansion of Shah Deniz project in Caspian Sea and construction of new natural gas pipeline to Europe.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/bp-led-consortium-agrees-45bn-azerbaijan-gas-project-change-europes-energy-map-1429339 December 17, 2013 at 04:58PM http://ifttt.com/images/no_image_card.png

GlaxoSmithKline to End Payments to Doctors to Promote Drugs

Company will end sales staff bonus payment system, based on number of prescriptions written by doctors



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/glaxosmithkline-end-payments-doctors-promote-drugs-1429314 December 17, 2013 at 03:36PM http://ifttt.com/images/no_image_card.png

China Changes Stance on Growth-Hampering Local Government Debt

Rising local government debt in China is considered as threat to financial stability.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/china-changes-stance-growth-hampering-local-government-debt-1429294 December 17, 2013 at 01:24PM http://ifttt.com/images/no_image_card.png

JP Morgan 'Prevented' Regulatory Probe over Madoff Ponzi Scheme

Government official tells Reuters bank blocked OIG's probe over bank's relationship with Bernard Madoff.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/jp-morgan-prevented-regulatory-probe-over-madoff-ponzi-scheme-1429289 December 17, 2013 at 11:27AM http://ifttt.com/images/no_image_card.png

More Swiss Banks Fall in With DoJ Scheme to Expose US Tax Evaders

More Swiss banks are agreeing to cooperative with US authorities in the face of prosecution for hiding taxable assets from the IRS.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/530550/20131216/switzerland-zuercher-kantonalbank-tax-evasion.htm December 16, 2013 at 12:24PM http://ifttt.com/images/no_image_card.png

BP Inks Deal with Oman to Develop $16bn Khazzan Gas Project

Project is expected to produce 1 billion cubic feet of gas and 25,000 barrels of gas condensate per day at peak levels.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/530506/20131216/bp-oman-tight-gas-khazzan-field.htm December 16, 2013 at 10:06AM http://ifttt.com/images/no_image_card.png

GlaxoSmithKline to Increase Stake in Indian Unit With $1bn Open Offer

Move indicates that GSK is more reliant on high-growth emerging markets than traditional western markets.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/530463/20131216/gsk-glaxosmithkline-india-open-offer-emerging-markets.htm December 16, 2013 at 08:13AM http://ifttt.com/images/no_image_card.png

UK House Prices Could Soar Up To 8% Without Fresh Supply

Rightmove says housing sector recovery in country gaining momentum.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/530448/20131216/rightmove-uk-house-prices-supply-london.htm December 16, 2013 at 07:39AM http://ifttt.com/images/no_image_card.png

IBM Sued Over China Sales Decline Due to NSA 'Connection'

Whistleblower Edward Snowden revealed IBM 'cooperating' with NSA in surveillance programmes.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/530150/20131214/edward-snowden-nsa-scandal-ibm-lawsuit.htm December 14, 2013 at 12:12PM http://ifttt.com/images/no_image_card.png

Bank of England Says UK Housing Market is Like a 'Microwave'

BoE chief economist Spencer Dale says property market could turn from "lukewarm to scalding hot".



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/530102/20131214/boe-spencer-dale-housing-market-microwave.htm December 14, 2013 at 07:32AM http://ifttt.com/images/no_image_card.png

Biggest Class Action Suit against Visa and MasterCard Settled

New York judge approves $5.7bn settlement over credit card fees.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/530090/20131214/visa-mastercard-class-action-settlement-credit-card.htm December 14, 2013 at 06:24AM http://ifttt.com/images/no_image_card.png

Russia's Central Bank Revokes Three More Banking Licences in Regulatory Crackdown

Almost 30 Russian banks have lost their licences in 2013 under central bank chief Elvira Nabiullina's regime.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529979/20131213/russia-shadow-banking-elvira-nabiullina-investbank.htm December 13, 2013 at 11:59AM http://ifttt.com/images/no_image_card.png

Elite US Universities Record Budget Deficits Amid Federal Cuts

Bloomberg reports that half of Ivy League institutions recorded budget deficits in fiscal 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529942/20131213/ivy-league-sequestration-harvard-princeton-university.htm December 13, 2013 at 10:14AM http://ifttt.com/images/no_image_card.png

Start-Up Offering Bitcoin Wallet Gets $25m Record Funding

San Francisco-based Coinbase received $25m funding from investors led by led Andreessen Horowitz.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529909/20131213/bitcoin-coinbase-virtual-currency-wallet.htm December 13, 2013 at 08:03AM http://ifttt.com/images/no_image_card.png

Bitcoin-Like Virtual Currencies Are Risky: European Banking Authority

Regulatory agency of European Union warns consumers could lose money.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529883/20131213/bitcoin-virtual-currency-eba-digital-wallet.htm December 13, 2013 at 06:49AM http://ifttt.com/images/no_image_card.png

Hilton Worldwide Raises Record $2.34bn In Stock Market Return

Hilton was taken private in 2007 by Blackstone in leveraged deal worth about $26.7bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529654/20131212/hilton-worldwide-hotel-blackstone-ipo-conrad.htm December 12, 2013 at 12:17PM http://ifttt.com/images/no_image_card.png

JP Morgan Faces $2bn Penalty and Criminal Action Over Madoff Connection

New York Times reports that bank and federal authorities are nearing settlements over its involvement in Madoff case.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529564/20131212/madoff-ponzi-scheme-jp-morgan-london-whale.htm December 12, 2013 at 08:25AM http://ifttt.com/images/no_image_card.png

Toyota: Australian PM Abbott to Press Japanese Automaker to Stay on

Move follows GM subsidiary Holden’s decision to exit Australia in 2017.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529524/20131212/tony-abbott-australia-gm-holden-toyota.htm December 12, 2013 at 06:32AM http://ifttt.com/images/no_image_card.png

GM to Stop Manufacturing in Australia Due to Soaring Costs

Appreciation of Australian dollar has prompted many car manufacturers to exit country.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529315/20131211/gm-holden-australia-manufacturing-dollar-appreciation.htm December 11, 2013 at 11:56AM http://ifttt.com/images/no_image_card.png

GM Appoints Mary Barra as First Female Boss of Car Industry

Barra has been in charge of design, engineering and quality for all GM vehicles.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529258/20131211/mary-barra-gm-female-ceo-marissa-mayer.htm December 11, 2013 at 09:03AM http://ifttt.com/images/no_image_card.png

US to Avert January Shutdown as Bi-Partisan Committee Reaches Deal on Budget

The US government was due to run out of cash on 15 January.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529241/20131211/shutdown-budget-deal-paul-ryan-murray.htm December 11, 2013 at 08:43AM http://ifttt.com/images/no_image_card.png

JP Morgan to Patent Bitcoin-Like 'Virtual Cash'

Bank's planned "virtual cash" would allow users to make payments anonymously just like Bitcoin.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529200/20131211/bitcoin-jp-morgan-online-payment-virtual-cash.htm December 11, 2013 at 07:17AM http://ifttt.com/images/no_image_card.png

Mexico to End 75-Year State Monopoly in Oil Sector to Compensate Production Shortfall

Mexico would pass bill that would allow output sharing and licenses for outside oil producers.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/529010/20131210/mexico-oil-reform-monopoly-petroleos-mexicanos.htm December 10, 2013 at 01:39PM http://ifttt.com/images/no_image_card.png

US Taxpayers Lose about $500m on Idled Transport Jets in Afghanistan

Bloomberg reports that 16 broken down G222 turboprop aircraft worth $486m are languishing at Kabul International Airport.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/528957/20131210/army-afghanistan-g222-turbopop-kabul.htm December 10, 2013 at 10:59AM http://ifttt.com/images/no_image_card.png

Madoff Spied on SEC Investigators Says Star Witness

Star witness Frank DiPascali told court that his former boss sneaked into briefcase of one of SEC investigators.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/528894/20131210/bernard-madoff-ponzi-scheme-sec-frank-dipascali.htm December 10, 2013 at 08:15AM

UK Home Price Growth Projections Rise to 14-Year High as Demand Outpaces Supply

In Rics survey, 59% more surveyors expect house prices to rise further.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/528856/20131210/rics-house-prices-demand-supply-fls-boe.htm December 10, 2013 at 06:38AM

EADS Plans up to 6,000 Job Cuts and Paris HQ Sale in Restructuring

EADS is planning to cut between 5,000 and 6,000 jobs as part of restructuring.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/528630/20131209/eads-airbus-aerospace-le-figaro-paris-germany.htm December 09, 2013 at 11:25AM

China Likely to Face First Corporate Bond Default Amid Tight Credit Conditions

Chinese firms are due to repay record 2.6tn yuan of bonds in 2014.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/528561/20131209/china-bond-default-pboc-credit-conditions-leverage.htm December 09, 2013 at 08:34AM

China to Liberalise Interest Rates by Allowing Inter-Bank Certificates of Deposits

Certificate of deposits are savings instruments entitling bearer to receive interest.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/528533/20131209/china-pboc-certificates-deposits-liberalisation-interest.htm December 09, 2013 at 07:24AM

China Inflation Unexpectedly Slows Down on Lower Food Prices

CPI inflation declines to 3.0% in November, compared to analysts' expectations of 3.2%.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/528507/20131209/china-cpi-inflation-economy-nbs-gdp-liquidity.htm December 09, 2013 at 06:32AM

Twitter Adds Security Layer to Services to Counter Snooping After Edward Snowden Revelations

Twitter enables forward secrecy following similar steps by Google and Facebook.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524563/20131123/edward-snowden-nsa-scandal-twitter-security.htm November 23, 2013 at 10:16AM

US Aircraft Remanufacturer Nextant Presents $5m Business Jet at Dubai Airshow

Nextant 400XTi dubbed world's first 're-manufactured' business jet.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524546/20131123/nextant-400xti-re-manufacturing-dubai-airshow.htm November 23, 2013 at 08:10AM

Former Co-op Bank Boss Paul Flowers Released on Bail

Detectives questioned Methodist minister from 1 am to 5 pm on 22 November.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524529/20131123/co-op-bank-paul-flowers-bail-george.htm November 23, 2013 at 06:39AM

China President Xi Jinping to Promote Allies to Key Positions to Counter Opposition to Reforms

Xi plans to promote his well-wishers in coming months as part of reshuffle at party, government and military.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524432/20131122/china-xi-jinping-reforms-li-zhanshu-shanghai.htm November 22, 2013 at 12:35PM

Rivals Look to Grab Dissatisfied Clients and Staff from Merging Omnicom and Publicis

WPP, Interpublic and Dentsu taking advantage of disturbance among clients and staff due to merger.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524394/20131122/omnicom-publicis-merger-wpp-interpublic-dentsu.htm November 22, 2013 at 10:46AM

Edward Snowden NSA Scandal: Germany to Enhance Capabilities to Prevent Snooping

Germany's move is in line with Snowden's revelations that NSA tapped Angela Merkel's cellphone.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524351/20131122/edward-snowden-nsa-scandal-germany-angela-merkel.htm November 22, 2013 at 08:12AM

Nokia Agrees to Pay Part of 30bn Rupee Tax Demand from India to Ensure Smooth Transaction with Microsoft

Finnish mobile phone maker looking to unfreeze India factory in Chennai.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524329/20131122/nokia-india-tax-dispute-factory-microsoft.htm November 22, 2013 at 07:06AM

Property Portals Push Disparity in UK House Prices

Agent Analytics said disparity between portals and land registry is 47.4% nationally.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524141/20131121/uk-house-prices-disparity-hm-land-registry.htm November 21, 2013 at 12:15PM

Bank of Japan to Continue Aggressive Monetary Stimulus as Growth Remains Moderate

Bank will continue its money market operations so that monetary base will increase at annual pace of about 60tn yen to 70tn yen.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524092/20131121/bank-japan-monetary-stimulus-inflation-deflation.htm November 21, 2013 at 10:11AM

China to Add More Transparency in Budgeting and Taxing as Part of Reforms

Chinese Finance Minister Lou Jiwei said the country requires more transparency in budget system and fairness in tax system.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524061/20131121/china-tax-reforms-budget-lou-jiwei.htm November 21, 2013 at 08:48AM

US Fed Hints at Tapering in 'Coming Months'

St. Louis Fed president James Bullard says tapering could begin in December if jobs report is strong.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/524011/20131121/fed-tapering-bond-buyback-james-bullard.htm November 21, 2013 at 07:11AM

India Likely to Deregulate Diesel Prices in Six Months

Rising oil import bills contributed significantly to India's huge current account deficit.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/523807/20131120/india-diesel-prices-oil-imports-veerappa-moily.htm November 20, 2013 at 12:16PM

JP Morgan to Pay Largest Ever Settlement in US History

Bank will pay $13bn to settle claims it misrepresented quality of its mortgage assets in lead up to financial crisis.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/523736/20131120/jp-morgan-settlement-mortgage-assets-london-whale.htm November 20, 2013 at 08:37AM

UK Personal Debt Almost Equivalent to 2012 GDP

Total personal debt in the UK rose to £1.4tn, with average household debt standing at £54,000, according to a study by the Centre for Social Justice.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/523694/20131120/uk-personal-debt-centre-social-justice.htm November 20, 2013 at 06:52AM

Germany's Merck Spends €80m on China Manufacturing Facility

Merck looks to capitalise on growing medicine needs of China, which is set to become second-biggest drugs market behind US by 2016.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/522552/20131115/merck-china-pharmaceutical-scandal-glaxosmithkline.htm November 15, 2013 at 11:35AM

Lockheed Martin Axes 4,000 Jobs Due to Lower US Defence Spending

US Defense Department faces budget cuts of about $52bn in current fiscal year.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/522546/20131115/lockheed-martin-defence-spending-job-cut.htm November 15, 2013 at 11:04AM

EnQuest to Invest £4bn in North Sea Project Creating 20,000 Jobs

Company to invest in Kraken field that contains 137m barrels of oil.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/522486/20131115/enquest-north-sea-oil-field-investment.htm November 15, 2013 at 08:24AM

Edward Snowden Grabbed Up to 200,000 NSA Top Secret Documents

NSA director general Keith Alexander said Snowden shared between 50,000 and 200,000 documents to media.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/522484/20131115/edward-snowden-nsa-scandal-keith-alexander.htm November 15, 2013 at 08:18AM

Government Intervention in Indian Market Pulls Global Gold Demand Down 21%

India hiked import duty on gold and tightened rules for gold loan companies in order reduce its gold imports and current account deficit.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/522239/20131114/world-gold-council-demand-trends-india-china.htm November 14, 2013 at 11:33AM

Couple Completes 101-Day World Tour Entirely on Bitcoin

Virtual currency's value soared to $400 per coin on 13 November from $13 in January.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/522205/20131114/bitcoin-austin-craig-virtual-currency-world-tour.htm November 14, 2013 at 09:43AM

Cisco's China Equipment Sales Hurt by NSA Spying Scandal

Much of Internet data is transmitted through Cisco networking products.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/522159/20131114/cisco-china-sales-nsa-spying-scandal.htm November 14, 2013 at 08:12AM

Pink Star Diamond Mined in Africa Fetches Record $83m at Sotheby's Auction

Mined by De Beers, Pink Star breaks record set by Graff Pink.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/522132/20131114/pink-star-diamond-record-sotheby-s-geneva.htm November 14, 2013 at 07:08AM

PetroChina Buys $2.6bn of Oil and Gas Assets in Peru

China is promoting overseas oil and gas asset acquisitions to meet its rising energy demand.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/521913/20131113/petrochina-petrobras-china-peru-oil-assets.htm November 13, 2013 at 11:58AM

London Stock Exchange Profit Declines on LCH.Clearnet Integration Costs

LSE completed acquisition of majority stake in LCH.Clearnet in May 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/521897/20131113/london-stock-exchange-lch-clearnet-profit.htm November 13, 2013 at 11:27AM

US Airways-American Airlines Mammoth Merger Cleared by Government

Combination would create world's biggest airline as measured by passenger traffic.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/521839/20131113/american-airlines-airways-merger.htm November 13, 2013 at 08:59AM

Starbucks Ordered to Pay $2.76bn to Kraft Foods for Improper Contract Termination

Kraft Foods had exclusive rights for the sale of Starbucks coffee in retail and grocery outlets under the contract.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/521800/20131113/starbucks-kraft-foods-coffee-mondelez-international.htm November 13, 2013 at 07:28AM

NSA Scandal: Edward Snowden Finds Job in Russia

Whistleblower did not financially benefit from information leaking, lawyer claims.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/521573/20131112/edward-snowden-nsa-scandal-anatoly-kucherena-russia.htm November 12, 2013 at 11:22AM

Bank of America Looks to Settle $1.4bn Mortgage Dispute with Freddie Mac

Freddie Mac wants bank to take back $1.4bn faulty securities sold to it.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/521516/20131112/bank-america-freddie-mac-settlement-mortgage.htm November 12, 2013 at 08:43AM

Help to Buy Scheme Slows Down Rental Demand Growth

Rics house price balance rose to 11-month high at 57% in October.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/521442/20131112/rics-house-price-rental-help-buy.htm November 12, 2013 at 06:24AM

US and EU to Resume Free-Trade Talks Despite NSA Spying Scandal

Parties will hold second round of negotiations in Brussels on TTIP from 11-15 November.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/521236/20131111/eu-free-trade-ttip-nsa-scandal.htm November 11, 2013 at 11:12AM

Help to Buy 2 Gets Strong Start with £365m Worth Applications

Lenders RBS and Halifax received a total of 2,384 applications under the government scheme.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/521159/20131111/help-buy-rbs-halifax-nationwide-house.htm November 11, 2013 at 07:55AM

China Exports Surge Above Expectations Easing Pressure on Leaders

Exports rose 5.6% in October, above economists' expectations of 3.2% growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/520649/20131108/china-exports-trade-surplus-imports-plenary-session.htm November 08, 2013 at 10:01AM

Twitter IPO: Most Successful US Internet IPOs by Returns

E-commerce company Amazon has provided most returns to investors since its IPO with a $1,000 investment currently valued at $239,045.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/520551/20131108/internet-ipo-twitter-facebook-amazon-google-yahoo.htm November 08, 2013 at 06:13AM

Deutsche Telekom Swings to Profit on T-Mobile US Growth

Deutsche Telekom made net profit of €588m in third quarter, compared to net loss of €7.02bn last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/520336/20131107/deutsche-telekom-metropcs-t-mobile-profit-ebitda.htm November 07, 2013 at 11:50AM

Rightmove Traffic up 30% Indicating Strong Home Buyer Interest

Rightmove said it is confident of meeting its expectations for current year.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/520313/20131107/rightmove-housing-market-traffic-help-buy.htm November 07, 2013 at 10:37AM

UK Intelligence Chiefs to Give Public Testimony Over Snowden Leaks

Parliament will gather evidence from chiefs of electronic eavesdropping agency GCHQ, domestic security service MI5, and foreign Secret Intelligence Service MI6.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/520270/20131107/edward-snowden-nsa-gchq-mi5-mi6.htm November 07, 2013 at 09:01AM

Twitter Listing: Concerns over Profitability, Valuation and Idling Users Point to Tough Road Ahead

Twitter priced its shares at $26 before its debut trading on 7 November.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/520235/20131107/twitter-ipo-price-listing-nyse-facebook.htm November 07, 2013 at 07:37AM

Persimmon: Help to Buy's Equity Loan Scheme More Effective Than Government Guarantee

Persimmon sold sold more than 3,000 homes under Help to Buy equity loan scheme, while government guarantee is yet to make impact.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/520009/20131106/persimmon-housing-help-buy-equity-loan.htm November 06, 2013 at 11:46AM

UK Home Prices Rise on Lower Mortgage Payments

Low level of mortgage payments in relation to income is helping to boost housing demand, says Halifax.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519990/20131106/halifax-home-prices-help-buy-fls.htm November 06, 2013 at 10:15AM

Prosecutors Could Fine Deutsche Bank in Kirch Lawsuit

Deutsche Bank Co-CEO Juergen Fitschen was earlier named as suspect in lawsuit.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519960/20131106/deutsche-bank-juergen-fitschen-kirch-lawsuit.htm November 06, 2013 at 08:34AM

Edward Snowden NSA Scandal: Apple Claims It Has Never Received National Security Related Requests

Apple disclosed data requests it received from various governments.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519956/20131106/apple-edward-snowden-nsa-scandal-data-requests.htm November 06, 2013 at 08:24AM

UK Shop Prices Decline for Sixth Straight Month as Consumers Remain Reluctant to Spend

Despite better economic outlook, consumers are still reluctant, unwilling or unable to increase spend.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519901/20131106/brc-nielsen-shop-price-index-inflation-deflation.htm November 06, 2013 at 06:23AM

Deutsche Bank Co-CEO Fitschen Named as Suspect in Kirch Lawsuit

Deutsche Bank set aside €1.2bn for legal costs in third quarter.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519705/20131105/deutsche-bank-juergen-fitschen-leo-kirch-lawsuit.htm November 05, 2013 at 12:41PM

Li Keqiang: China Needs At Least 7.2% Growth to Ensure Stable Job Market

Premier expects to create 1.3 million to 1.5 million jobs from every percentage point in economic growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519699/20131105/china-premier-li-keqiang-economic-growth-employment.htm November 05, 2013 at 12:20PM

UAE's Etisalat to Buy Vivendi's Controlling Stake in Maroc Telecom for €4.2bn

Deal is part of Vivendi's strategy to focus and strengthen its businesses around media and content activities.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519605/20131105/uae-etisalat-vivendi-maroc-telecom-morocco.htm November 05, 2013 at 08:05AM

Bitcoin Hardware Designers to Cash In on Virtual Currency's Increasing Popularity

Bitcoin miners spend thousands of dollars in securing hardware designed to help operate and maintain Bitcoin network



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519392/20131104/bitcoin-mining-cointerra-virtual-currency.htm November 04, 2013 at 11:57AM

Ryanair to Post First Profit Fall in Five Years on Lower Air Fares

Ryanair lower profit forecast for second time as it expects up to 10% fall in fares in fourth quarter.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519345/20131104/ryanair-outlook-profit-air-fare-aer-lingus.htm November 04, 2013 at 09:12AM

Blackstone Banks on China's Property Sector With $400m Investment in Mall Operator

Blackstone Group agreed to buy 40% stake in Chinese shopping mall group SCP Co.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519331/20131104/blackstone-scp-private-equity-icbc.htm November 04, 2013 at 08:48AM

China's Services Sector Expands at Fastest Pace in One Year

China official non-manufacturing PMI rose to 56.3 in October from 55.4 in September.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/519291/20131104/china-non-manufacturing-pmi-services-gdp.htm November 04, 2013 at 07:01AM

China Manufacturing Growth at Seven-Month High

HSBC manufacturing index rose to 50.9 in October from 50.2 in September.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518891/20131101/china-hsbc-manufacturing-pmi-economic-growth.htm November 01, 2013 at 11:26AM

Edward Snowden NSA Scandal: US Tech Giants Back Bill to End NSA Snooping

Google, Microsoft, Apple, Yahoo, AOL and Facebook asked for additional oversight and accountability mechanisms for NSA programmes.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518882/20131101/edward-snowden-nsa-scandal-google-yahoo-facebook.htm November 01, 2013 at 10:41AM

Edward Snowden NSA Scandal: Obama Ordered NSA to Stop Spying on IMF and World Bank

Barack Obama had ordered NSA to halt eavesdropping on IMF and World Bank within last few weeks.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518835/20131101/edward-snowden-nsa-scandal-obama-imf-spying.htm November 01, 2013 at 08:06AM

Apple and Microsoft File Nortel Patent 'Infringement' Lawsuit against Google and Android Phone Makers

Rockstar consortium backed by firms including Apple and Microsoft sue Google for seven patent 'infringements'.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518813/20131101/google-android-microsoft-apple-rockstart-nortel.htm November 01, 2013 at 07:01AM

Bank of Japan Lifts 2014 Economic Growth Forecast Despite Sales Tax Hike

Central bank confident about withstanding negative effects of sales tax hike that was projected to cut growth by 0.7%.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518602/20131031/bank-japan-economic-growth-sales-tax.htm October 31, 2013 at 11:24AM

UK House Price Growth at Three Year High

Nationwide said average home price in October rose 1% from September and 5.8% from October 2012.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518562/20131031/uk-home-prices-nationwide-help-buy.htm October 31, 2013 at 09:46AM

Trade Relations to Sour as China Widens Probe into European Polysilicon Imports

EU and China had been in dispute earlier in 2013 over solar panel imports from China.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518538/20131031/china-eu-polysilicon-solar-panel-trade-dispute.htm October 31, 2013 at 08:30AM

US Fed Maintains Stimulus Programme Citing Weak Growth

Fed to continue to purchase bonds worth $40bn and $45bn-longer term Treasury securities every month as job and inflation data remain weak.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518486/20131031/federal-reserve-fomc-bond-buyback-shutdown.htm October 31, 2013 at 06:49AM

IMF: Asia to Lead Global Growth Despite Tightening Global Funding Conditions

IMF's Anoop Singh said Asia will lead global growth despite capital outflows due to Fed tapering fears.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518263/20131030/imf-anoop-singh-asia-growth-fed-tapering.htm October 30, 2013 at 12:24PM

Edward Snowden NSA Scandal: US 'Sucked out Other Countries' Commercial Secrets'

EU Commissioner for Justice Viviane Reding said US tried to benefit economically through NSA surveillance.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518238/20131030/edward-snowden-nsa-scandal-viviane-reding-eu.htm October 30, 2013 at 10:51AM

Vancouver Gets World's First Bitcoin ATM

ATM is operated by Nevada-based Robocoin and Vancouver's Bitcoiniacs.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518212/20131030/bitcoin-vancouver-atm-robocoin-bitcoiniacs.htm October 30, 2013 at 09:41AM

LinkedIn Enlarges User-Base by 38% Helping Continued Revenue Growth

Number of LinkedIn users increased by 38% to more than 259 million and revenues rose 56% to $393m in third quarter.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518177/20131030/linkedin-users-ipo-revenue-professional-networking.htm October 30, 2013 at 08:15AM

Nasdaq Faces Service Disruption Due to Human Error

Trading in derivative contracts linked to benchmark Nasdaq 100 index delayed for about 45 minutes.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/518150/20131030/nasdaq-stock-exchange-human-error-trading-derivatives.htm October 30, 2013 at 07:29AM

UK Mortgage Approvals Hit Highest Level Since 2008

UK lenders approved 66,735 mortgage loans in September, up from 63,396 in August, according to BoE data.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/517922/20131029/uk-mortgage-approvals-boe-help-buy.htm October 29, 2013 at 12:49PM

Japan Unemployment Falls and Retail Sales Surge Supporting 'Abenomics'

Japanese retail sales rose 3.1% from a year earlier in September, while jobless rate fell to 4.0% in September from 4.1% in August.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/517885/20131029/japan-unemployment-retail-sales-household-income.htm October 29, 2013 at 10:38AM

IMF: Japan's Abenomics Helped Counteract US Fed Tapering Concerns

Shinzo Abe's strategy led to significant capital inflows into Japanese bonds and equity markets, offsetting capital outflows



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/517792/20131029/abenomics-japan-fed-tapering-shinzo-abe-imf.htm October 29, 2013 at 07:18AM

Edward Snowden NSA Scandal: China Calls on International Community to Form Cyberspace Code of Conduct

Foreign ministry spokeswoman Hua Chunying said US spying violates other countries' sovereignty.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/517736/20131029/edward-snowden-nsa-scandal-china-merkel-obama.htm October 29, 2013 at 05:31AM

South Korea's LNG Import Costs Could Soar on Nuclear Power Reduction

More LNG imports are expected to cost economy additional $20bn per year by 2035, according to Reuters.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/517580/20131028/south-korea-nuclear-energy-lng-imports-fukushima.htm October 28, 2013 at 12:32PM

India Invites Foreign Banks to Expand Rural Services

India is likely to ease branch number restrictions on foreign banks if they incorporate in country and increase rural lending.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/517504/20131028/india-rural-banking-standard-chartered-hsbc-citibank.htm October 28, 2013 at 09:56AM

Mizuho Bank to Avoid Serious Penalty Over Yakuza Financial Loans

Independent panel clears bank of intentional lending to mobsters



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/517442/20131028/yakuza-loan-scandal-mizuho-fsa-yasuhiro-sato.htm October 28, 2013 at 08:06AM

UK House Price Growth Continues Amid Widening Supply-Demand Gap

Average home asking price rose 0.5% in October from previous month, according to Hometrack.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/517404/20131028/hometrack-house-prices-supply-demand-london.htm October 28, 2013 at 06:57AM

Edward Snowden NSA Scandal: Germany and Brazil to Take Spying Case to UN

Countries to table resolution at UN General Assembly to end US surveillance programmes.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/517090/20131026/edward-snowden-nsa-scandal-germany-brazil-merkel.htm October 26, 2013 at 09:52AM

JP Morgan Inks $5.1Bn Settlement with US Housing Regulator Over Mortgage Loan Mis-Selling

Deal is part of $13bn agreement reached with Justice Department.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/517068/20131026/jp-morgan-fhfa-mortgage-loan-settlement.htm October 26, 2013 at 07:20AM

Edward Snowden NSA Scandal: Germany Plans Domestic Internet to Stop Snooping

Deutsche Telekom is proposing new internet to keep German web traffic within it



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516970/20131025/deutsche-telekom-germany-merkel-edward-snowden-nsa.htm October 25, 2013 at 12:57PM

Japan's Mizuho Sanctions Executives Over Yakuza Loan Scandal

CEO Yasuhiro Sato will have his salary cut for six months, but is likely to survive scandal, according to media reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516921/20131025/mizuho-yasuhiro-sato-yakuza-loan-scandal.htm October 25, 2013 at 10:18AM

Boeing Secures $20.7Bn Commitments from China After Japan Contract Losses

Multiple Chinese customers committed to buy around 200 737 Max aircraft from Boeing, according to Reuters.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516860/20131025/boeing-airbus-china-contract-japan-737-max.htm October 25, 2013 at 08:34AM

Twitter Hires NBC's Vivian Schiller as Representative to News Industry

Twitter priced its IPO between $17 and $20.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516831/20131025/twitter-ipo-vivian-schiller-nbc-news.htm October 25, 2013 at 06:55AM

Eurozone Business Activity Eases Indicating Fragile Economic Recovery

Markit flash Eurozone composite output index declined to 51.5 in October from 52.2 in September.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516621/20131024/eurozone-markit-pmi-economic-recovery-germany-france.htm October 24, 2013 at 12:22PM

India Shares Surge as US Fed Tapering Fears Ease

India's benchmark indices posted record high on 24 October on corporate profits and foreign inflows.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516600/20131024/india-bse-sensex-nifty-fed-tapering.htm October 24, 2013 at 11:11AM

Wal-Mart to Expand China Operations After Suffering Setback in India

US retailer that ended retail joint venture in India with Bharti Enterprises will open up to 110 facilities in China.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516534/20131024/wal-mart-china-india-retail-e-commerce.htm October 24, 2013 at 08:41AM

Pinterest Plans International Expansion as Valuation Boosted to $3.8bn

Scrapbooking website gets $225m in latest round of fund raising led by Fidelity.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516479/20131024/pinterest-scrapbooking-fidelity-valuation-ben-silbermann.htm October 24, 2013 at 06:58AM

China Banks Increase Bad Loan Write Offs to Improve Default Ratios

Five largest banks in China have written off 22.1bn yuan in first half, up from 7.65bn yuan last year, according to Bloomberg.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516254/20131023/china-bank-bad-debt-credit-crisis-gdp.htm October 23, 2013 at 11:49AM

Officials Resort to Al Capone Model to Crack Down on Yakuza Mobsters

US Treasury Department so far has frozen about $55,000 of yakuza holdings including two Japan-issued American Express cards, according to Bloomberg.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516226/20131023/yakuza-japan-al-capone-mizuho.htm October 23, 2013 at 10:20AM

Bill Gates Bets on Spanish Economy with €113.5m Investment in FCC

World's richest man Bill Gates acquired a 5.7% shareholding in Spain's Fomento de Construcciones y Contratas.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516169/20131023/bill-gates-richest-man-fcc-spain.htm October 23, 2013 at 08:34AM

Australia Raises Debt-Ceiling to A$500bn to Avoid US-Like Crisis

Australia is forecast to reach its current A$300bn ceiling in December.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/516139/20131023/australia-debt-ceiling-shutdown-joe-hockey.htm October 23, 2013 at 07:34AM

China Inks $85bn Oil Supply Contract with Russia to Meet Rising Energy Demand

Russian Prime Minister Dmitry Medvedev said his country will supply additional 10 million tonnes of crude oil per year to China through Rosneft.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/515889/20131022/russia-china-dmitry-medvedev-cnpc-rosneft.htm October 22, 2013 at 12:18PM

US Navy Bribery Scandal: Singapore Defence Firm's $205m Contracts Terminated

Glenn Defense Marine Asia was barred from taking government contracts after its CEO Leonard Glenn Francis was arrested along with top government officials.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/515869/20131022/navy-bribery-scandal-gdma-leonard-francis.htm October 22, 2013 at 11:21AM

Former Jefferies Trader Jesse Litvak Loses in Plea to Drop US Tarp Charges

US District judge ruled former Jefferies trader must face criminal charges for defrauding government by falsifying prices of mortgage securities.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/515856/20131022/jefferies-jesse-litvak-tarp-janet-hall.htm October 22, 2013 at 10:51AM

BHP Billiton Exits Nearly all Indian Projects as Foreign Firms Continue India Exodus Over Red Tape

BHP would withdraw from nine oil and gas projects in India and would keep just one deepwater field in Mumbai.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/515751/20131022/bhp-billiton-india-mining-red-tape-walmart.htm October 22, 2013 at 06:53AM

London House Prices Propel UK Property Market Back to Growth

Average asking price rises 2.8% but London prices soar 10.2%.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/515552/20131021/rightmove-house-prices-london-safe-haven-demand.htm October 21, 2013 at 12:41PM

Airbus Aims to Double Japan Market Share by 2020 in Further Challenge to Boeing

Airbus CEO Fabrice Bregier aims at 50% market share in Japan in the next 20-25 years.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/515531/20131021/airbus-japan-boeing-fabrice-bregier-jal.htm October 21, 2013 at 11:46AM

State Council: China on Track to Meet Growth Target Despite Challenges

Administration had taken steps to liberalise interest rates and encourage trade and investment.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/515527/20131021/china-state-council-economy-growth-li-keqiang.htm October 21, 2013 at 11:42AM

Japan Records 15th Straight Monthly Trade Deficit as Weak Yen Inflates Import Bills

Trade deficit for September rose64% year over year to 932bn yen.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/515407/20131021/japan-trade-deficit-surplus-imports-exports-yen.htm October 21, 2013 at 07:26AM

RBS' Future Will Be Decided in 'next two or three weeks': George Osborne

Government will not sell its 81% holding in RBS until after next general election, Osborne told the Daily Telegraph.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/515085/20131019/george-osborne-rbs-breakup-ross-mcewan.htm October 19, 2013 at 08:07AM

Chinese State-Owned Firms Post Higher Profits as Economy Recovers from Slowdown

State-owned firms that dominate Chinese economy recorded 10.5% increase in profits for first three quarters of 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/515075/20131019/china-soes-economy-gdp-profit.htm October 19, 2013 at 07:11AM

US Fed Likely to Assess Shutdown Impact Before Deciding on Tapering

Chicago Fed President Charles Evans said central bank will need more meetings to decide on stimulus tapering.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514936/20131018/fed-stimulus-tapering-shutdown-charles-evans.htm October 18, 2013 at 10:16AM

China Economic Growth Accelerates on 'Mini Stimulus'

GDP rose 7.8% on year in third quarter, up from 7.5% in the second quarter



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514863/20131018/china-economy-growth-gdp-inflation-investment.htm October 18, 2013 at 07:46AM

Edward Snowden NSA Scandal: Agency to Appoint Head of Leak Investigations as Deputy Director

Sources say Richard Ledgett will replace John "Chris" Inglis in the No. 2 position at NSA.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514843/20131018/edward-snowden-nsa-scandal-richard-ledgett.htm October 18, 2013 at 06:34AM

Canada Set to Sign EU Free-Trade Pact in Bid to Boost Exports

Canadian Prime Minister Stephen Harper is meeting EU leaders to conclude talks over Comprehensive Economic and Trade Agreement



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514658/20131017/canada-eu-stephen-harper-ceta-free-trade.htm October 17, 2013 at 10:48AM

Lower Emerging Market Demand to Hit China's Trade

China's commerce ministry says Fed's stimulus and money outflows from emerging markets could hurt demand for Chinese goods.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514588/20131017/china-export-trade-fed-tapering-shutdown.htm October 17, 2013 at 08:14AM

Obama Signs Bill to End US Shutdown as Republicans Admit Defeat

Earlier, US Senate agreed on a last-minute deal to raise US debt ceiling and end the shutdown.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514534/20131017/obama-shutdown-debt-ceiling-republicans.htm October 17, 2013 at 06:29AM

China Social Gaming Firm Rekoo Plans European Expansion with London Tech City Shop

Rekoo is opening unit in London's Tech City with 10 staff.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514358/20131016/rekoo-london-tech-city-social-gaming.htm October 16, 2013 at 01:07PM

Yahoo to Sell Fewer Alibaba Shares in IPO as Stiff Competition Dents Growth Prospects

Yahoo plans to sell up to 208 million Alibaba shares in IPO, lower than previously agreed 261.5 million.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514339/20131016/yahoo-alibaba-ipo-stake-earnings-marissa-mayer.htm October 16, 2013 at 12:06PM

Japan Cracks Down on Yakuza Mobsters in Banking Industry With Police Database Aid

Move from Japanese Bankers Association comes as Mizuho bank was criticised for lending to organised crime members



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514321/20131016/japan-mizuho-bank-mob-loan-orient-yakuza.htm October 16, 2013 at 11:24AM

US Shutdown: Fitch Puts US Credit Ratings Under 'Review' as Debt Ceiling Deadline Nears

Fitch places US credit ratings under review for possible downgrade as country nears deadline to raise its debt ceiling to avoid default.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514206/20131016/shutdown-fitch-debt-ceiling-rating-cut.htm October 16, 2013 at 06:36AM

Boeing Denies Excess $16.6bn Billing Claim in US Army Helicopter Contract

Pentagon accuses Boeing of overcharging army between $7.4bn and $16.6bn on Chinook contract.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/514030/20131015/boeing-chinook-helicopter-contract-787-dreamliner.htm October 15, 2013 at 12:31PM

Edward Snowden NSA Scandal: Government Seeks to Throw Out Supreme Court Case Against Agency’s Phone Tapping

Justice Department said Supreme Court lacks jurisdiction to consider lawsuit by Electronic Privacy Information Center.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/513948/20131015/edward-snowden-nsa-scandal-epic-supreme-court.htm October 15, 2013 at 08:36AM

Edward Snowden NSA Scandal: Agency Tapped Into Email and 'Buddy Groups' with Foreign Telecom Firms' Help

NSA collected hundreds of millions of contact lists via email and instant messaging accounts, according to new allegations



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/513913/20131015/edward-snowden-nsa-scandal-email-buddy-list.htm October 15, 2013 at 07:38AM

US Government Shutdown: Senate Leaders Optimistic About Raising Debt Ceiling

US would default on its debt if ceiling is not raised before 17 October.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/513877/20131015/shutdown-debt-ceiling-obama-harry-reid.htm October 15, 2013 at 06:32AM

China Inks €45bn Currency Swap with Eurozone

China signed currency swap deals so far worth about 2.2tn yuan with 22 countries and regions.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/513243/20131011/china-pboc-ecb-currency-swap-yuan.htm October 11, 2013 at 01:34PM

Central Bank Chief Insists India Has Strong Fundamentals

RBI governor Raghuram Rajan said India has no external or internal financing difficulties.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/513220/20131011/india-rbi-raghuram-rajan-rupee-crisis-cad.htm October 11, 2013 at 11:48AM

Boeing in Tailspin over $9.5bn Japan Contract Loss

Aircraft maker's marketing and strategy functions to be consolidated after Boeing misses out on massive order to European rival Airbus



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/513177/20131011/boeing-airbus-jal-mike-bair-japan-order.htm October 11, 2013 at 09:13AM

China's Central Bank Expects 2013 Growth to Exceed 7.5% Official Target

Yi Gang, deputy governor of the People's Bank of China, said growth rate will surpass official target as country tackled issues such as shadow banking.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/513136/20131011/china-economy-growth-pboc-yi-gang.htm October 11, 2013 at 07:46AM

China Beats US as World's Largest Oil Importer

China's net oil imports increased to 6.3 billion barrels per day, according to US Energy Information Administration (EIA).



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512903/20131010/china-oil-net-imports-production-consumption.htm October 10, 2013 at 01:03PM

World Bank Arm IFC to Raise $1bn from Rupee Bonds for India's Private Sector

The International Finance Corporation's rupee-bond programme is aimed to boost India economy confidence



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512861/20131010/india-world-bank-ifc-rupee-bond.htm October 10, 2013 at 10:37AM

JAL Turns Back Boeing 787 Dreamliner Flight on Toilet Glitch

787 Dreamliner suffered from series of issues since its first flight in December 2009, damaging Boeing reputation.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512813/20131010/boeing-787-dreamliner-airbus-jal-toilet-glitch.htm October 10, 2013 at 08:15AM

US Government Shutdown: Treasury and Fed Prepare for Possible Debt Default

Officials still said that there was no way to avoid an eventual default if debt limit is not raised.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512782/20131010/shutdown-debt-ceiling-jack-lew.htm October 10, 2013 at 07:23AM

Indian IT Firms Seek Business Expansion Opportunities in Europe

Companies are afraid of possible immigration law overhaul in US that can drive up costs.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512608/20131009/india-tcs-cognizant-infosys-wipro-europe.htm October 09, 2013 at 01:24PM

China to Triple Registered Capital Requirements for Foreign Banks

China Banking and Regulatory Commission (CBRC) plans to more than triple minimum registered capital requirement of foreign firms.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512591/20131009/china-cbrc-banking-registered-capital-yuan.htm October 09, 2013 at 12:39PM

US Government Shutdown: BoJ Warns of Critical Need for Prompt Debt Ceiling Resolution for the Global Economy

BoJ Deputy Governor Hiroshi Nakaso said US economy is facing "greatest uncertainty" due to political impasse.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512480/20131009/shutdown-japan-boj-hiroshi-nakaso.htm October 09, 2013 at 07:52AM

Wal-Mart to Run India Wholesale Business Single-Handedly

US retailer acquired Bharti's 50% stake in their joint venture, Bharti Wal-Mart, strengthening its presence in India.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512464/20131009/wal-mart-bharti-india-retail-fdi-reforms.htm October 09, 2013 at 06:58AM

Japan's Current Account Surplus Plunges as Public Debt Fears Loom

Current account surplus declined 63.7% on year to 161.5bn yen.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512248/20131008/japan-current-account-surplus-public-debt.htm October 08, 2013 at 11:25AM

Edward Snowden NSA Scandal: Agency's Controversial Utah Data Centre Suffers from Series of Meltdowns

$1.4bn data centre spanning 1 million square feet will have capacity bigger than Google's largest facility.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512202/20131008/edward-snowden-nsa-scandal-utah-data-centre.htm October 08, 2013 at 09:14AM

Gulf of Mexico Oil Spill: BP and US Government Fight Over Leak Size

Both parties disputed over methods used to calculate the size of spill.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512179/20131008/gulf-mexico-oil-spill-bp-macondo.htm October 08, 2013 at 08:34AM

India's Central Bank Eases Policy Rate on Rupee's Strength

RBI lowers rate at which banks borrow funds overnight from central bank.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/512109/20131008/india-rbi-msf-rupee-inflation-raghuram-rajan.htm October 08, 2013 at 06:34AM

India Embraces Austerity to Meet Deficit Target

Country already crossed almost 75% of 5.4tn-rupee deficit target.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511877/20131007/india-austerity-budget-deficit-rupee-junk-status.htm October 07, 2013 at 10:51AM

US Government Shutdown: India's Rupee and Stocks Freefall Continues

Investors' fear that foreigners will reduce their investments in India and therefore drag markets down.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511834/20131007/india-rupee-shutdown-barack-obama.htm October 07, 2013 at 08:50AM

Airbus Ends Boeing's Monopoly in Japan with $9.5bn JAL Order for Long-Haul Jets

More than 80% of Japanese airlines' fleet had constituted Boeing jets.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511809/20131007/airbus-jal-ana-boeing-contract-787-dreamliner.htm October 07, 2013 at 07:24AM

India Becomes Attractive Investment Destination after Rupee Fall – Bank of America

China, with new laws, said to be losing competitive edge.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511622/20131005/bank-america-india-weak-rupee-foreign-investment.htm October 05, 2013 at 12:17PM

US Shutdown: Free-Trade Agreement Talks with EU on Hold

US Trade Representative Michael Froman says the US would not be able to send a full team to Brussels to discuss the Transatlantic Trade and Investment Partnership with the EU.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511585/20131005/shutdown-eu-free-trade-agreement.htm October 05, 2013 at 09:18AM

Help to Buy: Doubts Rise as Government Launches Second Phase Next Week

Second phase provides help to home buyers in forms of equity loan and mortgage guarantee.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511574/20131005/help-buy-house-prices-mortgage-rates.htm October 05, 2013 at 08:03AM

Swiss Regulator Probes Banks Over $5tn Currency Markets Manipulation

Multiple banks around the world are potentially implicated in investigations, according to FINMA.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511470/20131004/finma-switzerland-fca-foreign-exchange-rate-libor.htm October 04, 2013 at 12:17PM

Bank of Japan Maintains Monetary Policy Despite Risks of Sales-Tax Hike

Bank expects Japan's moderate recovery to continue amid improving business sentiment.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511451/20131004/boj-monetary-policy-sales-tax-hike-abe.htm October 04, 2013 at 11:15AM

Twitter Seeks $1bn IPO But yet to Make Profit

Twitter has significantly grown its revenues from just $28m in 2010 to $317m at 2012-end, according to its IPO prospectus.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511378/20131004/twitter-ipo-1bn-prospectus-ad-sales-mobile.htm October 04, 2013 at 08:14AM

US Shutdown: Obama Cancels Key Summits in Indonesia and Brunei

President not to attend Apec and East Asia meetings due to continuing shutdown.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511342/20131004/shutdown-barack-obama-asia-trip-apec.htm October 04, 2013 at 06:45AM

India Targets $3.2Bn Public Spending Cut to Avoid Junk Credit Status

Cut is necessary for India to meet its budget deficit goal of 4.8% of gross domestic product.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511148/20131003/india-chidambaram-budget-deficit-junk-credit-rating.htm October 03, 2013 at 12:37PM

Eurozone's Recovery Gathers Pace as Business Activity Expands Further

Markit Eurozone composite output index rose to 27-month high of 52.2 in September from 51.5 in August.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511115/20131003/markit-eurozone-services-pmi-employment-economy.htm October 03, 2013 at 11:15AM

Gulf of Mexico Oil Spill: BP Wins Appeal to Reconsider Settlement Payments Over Deepwater Horizon Disaster

US federal appeals court orders lower court to relook at settlement claims to check fraud.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/511045/20131003/gulf-mexico-oil-spill-bp-settlement.htm October 03, 2013 at 08:18AM

US Shutdown: No Agreement Again as Debt Default Fears Loom

JPMorgan Chase, Goldman Sachs and Bank of America chiefs meet Obama as he blames Republicans for impasse.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/510989/20131003/shutdown-debt-ceiling-barack-obama.htm October 03, 2013 at 06:49AM

Japan's Shinzo Abe Confirms Sales Tax Rise after Survey Finds Strong Business Sentiment [VIDEO]

Japan will also announce $50bn stimulus to offset bad effects of tax increase on economy.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/510518/20131001/japan-sales-tax-rise-stimulus-business-sentiment.htm October 01, 2013 at 12:28PM

Gulf of Mexico Oil Spill: BP Accused of Lying About Spill Size

BP defended itself in US court saying it did not misrepresent leakage and acted as per US rules.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/510439/20131001/gulf-mexico-oil-spill-bp.htm October 01, 2013 at 09:14AM

Edward Snowden NSA Scandal: 'Agency Out of Control and Violates Constitution'

American journalist Rob Kall accused Barack Obama and NSA top executives for mismanaging agency.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/510421/20131001/edward-snowden-nsa-scanda-barack-obama.htm October 01, 2013 at 08:14AM

US Government Shuts Down, 700,000 Staff to Be Out of Work

Senate Democrats reject Republicans’ proposal for putting on hold Obama’s healthcare reforms to pass budget prompting shutdown.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/510358/20131001/shutdown-white-house-republicans-barack-obama.htm October 01, 2013 at 06:16AM

Indonesia's Northstar Plans to Launch $1bn Fund to Invest in Growing Southeast Asian Economies

Southeast Asia's recent economic growth has attracted investments from many foreign private-equity firms.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/510187/20130930/tpg-capital-northstar-group-indonesia-southeast-asia.htm September 30, 2013 at 12:41PM

Suspicious Indian Temples Reject Central Bank's Request to Disclose Gold Stock Details

Reserve Bank of India is looking to rein in on country's rising gold import bills and widening current account deficit.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/510091/20130930/india-hindu-temples-current-account-deficit-gold.htm September 30, 2013 at 09:02AM

Shanghai Free-Trade Zone Opens with Liberalised Norms for Foreigners

Free trade zone spans 28.78 square kilometres in the Pudong New Area of Shanghai.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/510026/20130930/shanghai-free-trade-zone-china-economy.htm September 30, 2013 at 06:48AM

China Steps Up Farmland, Oil and Mining Assets Acquisitions Abroad

As demand outstrips supply, China looks to Africa, Latin America and Ukraine.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/509767/20130928/china-overseas-acquisition-land-grab-food-oil.htm September 28, 2013 at 12:18PM

Bank of England to Fine-Tune Help to Buy Scheme Amid House-Price-Bubble Fears

George Osborne earlier asked central bank to watch for bubble in property market.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/509729/20130928/boe-george-osborne-help-buy-house-prices.htm September 28, 2013 at 08:20AM

Ponzi Scheme Fraudster Bernard Madoff's Former Accountant Paul Konigsberg Charged with Conspiracy and Falsification

Konigsberg pleaded not guilty to manipulating the accounts



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/509644/20130927/bernard-madoff-ponzi-scheme-paul-konigsberg.htm September 27, 2013 at 01:18PM

US Sanctioned China Firm Wins $4bn Tender for Turkey Missile Defence System

China state-owned CPMIEC defeated rival bids from US, Russian and European firms.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/509579/20130927/china-cpmiec-turkey-missile-defence.htm September 27, 2013 at 10:12AM

Nuclear Plant Operator Tepco Seeks to Restart Reactors Post-Fukushima Earthquake

Governor of Japan's Niigata prefecture gave nod to apply for restarting Kashiwazaki Kariwa plant.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/509530/20130927/japan-tepco-fukushima-daiichi-disaster-nuclear.htm September 27, 2013 at 08:04AM

Japan on Track to Achieve Inflation Target with August CPI at 5-Year High

Rising energy prices after shutdown of nuclear power plants boost inflation.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/509478/20130927/japan-cpi-inflation-fuel-prices-abenomics.htm September 27, 2013 at 06:23AM

Shinzo Abe Urges Wall Street Traders to Invest in Japan

Abe said in his speech at the New York stock exchange that Japan's economy "is exceptionally good".



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/509272/20130926/shinzo-abe-japan-wall-street-abenomics-un.htm September 26, 2013 at 10:33AM

Mitsubishi: Japan's Abenomics Enhances Market Optimism

Mitsubishi chairman Yorihiko Kojima said economic policy would boost its investment in domestic energy sector.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/509203/20130926/japan-abenomics-mitsubishi-yorihiko-kojima.htm September 26, 2013 at 08:01AM

Edward Snowden NSA Scandal: US Senators Propose Bill to End Snooping

Intelligence Oversight and Surveillance Reform Act to ban communication intercepts.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/509150/20130926/edward-snowden-nsa-scandal-phone-records.htm September 26, 2013 at 06:45AM

Takatoshi Ito's Investment Panel: 'Japan's Rising Welfare Costs Add to Case for Sales-Tax Hike'

Ito, who heads investment panel for Government Pension Investment Fund, wants sales tax rate of 20% by 2020.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508952/20130925/japan-sales-tax-hike-shinzo-abe-pension.htm September 25, 2013 at 12:09PM

Edward Snowden NSA Scandal: EU to Suspend US Data Sharing After Swift's Interbank Messaging System Breach

EU not happy with answers from US over NSA spying on bank-to-bank messaging via the Swift network.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508882/20130925/edward-snowden-nsa-scandal-swift-tftp-eu.htm September 25, 2013 at 09:00AM

Edward Snowden NSA Scandal: Agency Creates New Post to Check Civil Rights and Privacy Violations

NSA seeks out a 'Civil Liberties & Privacy Officer', who will advise director Keith Alexander on civil rights issues.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508852/20130925/edward-snowden-nsa-scandal-surveillance-civil-liberties.htm September 25, 2013 at 08:00AM

Australia's Telstra to Cut 1,100 Jobs in Restructuring Process

Reduction represents about 3% of Telstra's Australian workforce.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508810/20130925/australia-telstra-job-cut-restructuring.htm September 25, 2013 at 06:54AM

Airbus: Global Airlines Would Require $4.4tn of Aircraft in 20 Years

Future journeys especially to and from emerging markets will increasingly rely on aviation, according to Airbus.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508616/20130924/airbus-boeing-aircraft-demand-india-asia.htm September 24, 2013 at 01:05PM

Gulf of Mexico Oil Spill: BP Seeks Payment Settlement Halt for Second Time

Latest move comes after Freeh's report found issues in claims programme.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508563/20130924/gulf-mexico-oil-spill-bp-settlement.htm September 24, 2013 at 10:24AM

China Liberalisation: Shanghai Free-Trade Zone to Allow Facebook, Twitter and Other Blocked Sites

Facebook, Twitter and few other websites were blocked in China due to security and political reasons.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508485/20130924/china-shanghai-free-trade-zone-facebook-twitter.htm September 24, 2013 at 07:28AM

Edward Snowden NSA Scandal: US Spy Agency ‘Tapped’ Indian Companies and Politicians

PRISM ‘intercepted’ communications of space and commercial establishments.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508461/20130924/edward-snowden-nsa-scandal-india-prism.htm September 24, 2013 at 06:42AM

Rana Plaza Disaster Fallout: Bangladesh Garment Industry Suffers from Workers' Protest Over Pay Dispute

Workers want to get their monthly wage raised to $100 from $38.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508273/20130923/bangladesh-garment-factories-rana-plaza-disaster.htm September 23, 2013 at 12:36PM

Eurozone Business Activity Expands at Fastest Pace in 27 Months

Business activity also expanded in France and Germany, Eurozone's largest economies.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508234/20130923/eurozone-pmi-manufacturing-services-france-germany-ecb.htm September 23, 2013 at 10:46AM

China's Manufacturing Sector Grows at Fastest Pace in Six Months as Exports Reverse Course

HSBC flash manufacturing PMI increases to 51.2 in September as exports witness expansion after six months.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508220/20130923/china-hsbc-manufacturing-pmi-exports-economy.htm September 23, 2013 at 09:56AM

Edward Snowden NSA Scandal: 'Agency Might Have Accessed Domestic Networks of Indian Carriers'

NSA's surveillance programme collected about 6.2 billion bits of metadata from Indian carriers in just one month



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/508161/20130923/nsa-scandal-edward-snowden-india-telecom-prism.htm September 23, 2013 at 07:50AM

India's Central Bank Raises Benchmark Rate as Raghuram Rajan Shifts Focus to Inflation

India's inflation rose to 6-month high at 6.1% in August.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507745/20130920/india-rbi-repo-rate-raghuram-rajan-inflation.htm September 20, 2013 at 03:05PM

Rate Fixing Scandal: US Regulator CFTC Pledges Support for Britain's Libor Reforms

US Commodity Futures Trading Commission (CFTC) chairman Gary Gensler called for making reforms at global level.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507685/20130920/gary-gensler-cftc-libor-rigging-scandal.htm September 20, 2013 at 10:42AM

Gulf of Mexico Oil Spill: BP Sues US State Over Cleanup of ‘Orphan Anchors’

BP also cancelled contracts to build bespoke extension to its Mad Dog oil project in Gulf of Mexico



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507647/20130920/deepwater-horizon-oil-spill-bp-louisiana.htm September 20, 2013 at 08:42AM

USIS Checked Background of Washington Shooter Aaron Alexis and Edward Snowden

Security services company admits it had vetted navy yard gunman.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507587/20130920/usis-aaron-alexis-edward-snowden-nsa.htm September 20, 2013 at 06:57AM

Indian Retail Landlords Offer Deep Rental Rates Discounts Amid Soaring Shop Vacancy

About 20% of retail space is vacant in India, as FDI reforms in retail sector failed to attract foreign firms.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507396/20130919/india-retail-fdi-reforms-jones-lang-lasalle.htm September 19, 2013 at 12:16PM

Chinese Authorities Freeze Bank Accounts of PetroChina Supplier in Corruption Probe

Wison Engineering said it was unable to contact its chairman, who had been assisting authorities with probe.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507380/20130919/petrochina-corruption-wison-engineering-hua-bangsong.htm September 19, 2013 at 11:19AM

UK Retail Sales Fall in August on Lower Consumer Spending on Food

Retail sales increased in July due to heatwave and arrival of Kate Middleton's Royal baby George.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507369/20130919/ons-uk-retail-sales-heatwave-royal-baby.htm September 19, 2013 at 10:33AM

US Regulator to Bolster Support for Small Banks Against Cyber Attacks

US Comptroller of Currency, Thomas Curry, said regulators are taking cyber attacks very seriously.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507302/20130919/cyber-attacks-security-thomas-curry-hacking.htm September 19, 2013 at 08:04AM

Google, Microsoft and Yahoo Accused of ‘Grandstanding’ on NSA Scandal

Verizon executive criticises technology firms over Snowden revelations.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507267/20130919/edward-snowden-nsa-scandal-john-stratton-verizon.htm September 19, 2013 at 06:41AM

China's Shuanghui Set to Close Controversial $4.7bn US Smithfield Foods Acquisition

Chinese food company Shuanghui expected to get Smithfield shareholders' nod in meeting on 24 September.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507099/20130918/china-smithfield-foods-shuanghui-acquisition-cfius.htm September 18, 2013 at 01:40PM

GlaxoSmithKline Bribery Scandal: China Crackdown on Pharmaceutical Corruption Hits Sales

GSK sales growth expected to slow down or turn negative in third quarterr.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/507036/20130918/gsk-bribery-scandal-china-eli-lilly-sanofi.htm September 18, 2013 at 10:08AM

Indian Rupee Gains on Strong FDI Inflows Despite US Fed Stimulus Cut Fears

Federal Open Market Committee started a meeting on 17 September to decide on tapering of bond-buyback programme.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506984/20130918/india-rupee-fed-stimulus-cut-raghuram-rajan.htm September 18, 2013 at 08:17AM

Brazil’s Dilma Rousseff Cancels US Visit over NSA Snooping Charges

Edward Snowden had revealed tapping of Rousseff’s e-mail and Petrobras.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506943/20130918/edward-snowden-nsa-scandal-brazil-dilma-rousseff.htm September 18, 2013 at 07:02AM

Malaysians Set to Face Austerity Amid Rising Debt Levels

Country's debt-to-GDP ratio is the biggest among 13 emerging Asian markets after Sri Lanka at 53.3%, according to Bloomberg.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506758/20130917/malaysia-najib-razak-austerity-fed-stimulus-cut.htm September 17, 2013 at 01:14PM

Falling UK Inflation Gives BoE's Mark Carney 'Breathing Room'

Consumer prices increased 2.7% year-on-year in August, compared with 2.8% in July, according to ONS.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506718/20130917/ons-uk-inflation-boe-mark-carney-wages.htm September 17, 2013 at 11:21AM

Japan Finance Minister Taso Aso: Higher Sales Tax and Lower Corporate Tax Cannot Go Hand in Hand

Japan considers lower corporate tax to offset negative effects of planned sales tax hike on economy.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506644/20130917/japan-taro-aso-sales-tax-hike-abe.htm September 17, 2013 at 08:07AM

China Expands Margin Trading and Short Selling Scheme for Larger Investor Base

China Securities Finance Corporation increases number of brokerages and stocks.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506602/20130917/china-margin-trading-short-selling-equity-market.htm September 17, 2013 at 06:46AM

India Crisis: Wholesale Price Inflation Rises Again Adding to RBI Chief Raghuram Rajan's Worries

Wholesale price inflation rises for the third month to 6.1% in August, beating economists' expectations of 5.7%.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506431/20130916/india-wpi-inflation-rupee-rbi-raghuram-rajan.htm September 16, 2013 at 01:35PM

UK House Prices Fall in September Amid Heatwave

House prices declined 1.5% in the month as warm weather distratced the market, according to Rightmove.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506331/20130916/rightmove-uk-house-price-forecast-london.htm September 16, 2013 at 08:07AM

CBI: Government Must Invest in Infrastructure Projects Now

UK infrastructure is 'not up to scratch' and firms doubting impact of current government policies.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506319/20130916/cbi-kpmg-uk-infrastructure-economy.htm September 16, 2013 at 07:44AM

Vince Cable Proposes Minimum Wage Rise to Offset Rising Living Costs

Cable pitches for hike ahead of Liberal Democrat conference in Glasgow.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506046/20130914/vince-cable-minimum-wage-low-pay-commission.htm September 14, 2013 at 11:07AM

India Eases Norms for Government Bond Purchases by Foreign Investors

Market watchdog SEBI raises limit on bond purchases without permits to 90%.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/506028/20130914/india-fii-rupee-government-bonds-sebi-fdi.htm September 14, 2013 at 07:57AM

German Drugmaker Bayer Probed in China for Unfair Competition

Bayer is latest addition to group of foreign firms facing probe in China, including British drugmaker GlaxoSmithKline.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505905/20130913/bayer-china-bribery-probe-pharma-glaxosmithkline.htm September 13, 2013 at 11:10AM

India Crisis: Growth Outlook Cut Sharply by Prime Minister's Economic Advisory Council

India's economic growth forecast for fiscal year 2013/14 lowered to 5.3% from 6.4%.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505858/20130913/india-gdp-growth-forecast-rbi-pmeac-rangarajan.htm September 13, 2013 at 08:59AM

Bank of England Should Cap House Price Growth to Prevent Bubble - RICS

Rising home prices and increased mortgage lending are leading UK into another housing crisis, according many experts.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505816/20130913/uk-house-prices-rics-cml-housing-bubble.htm September 13, 2013 at 07:18AM

Japan Considers 5tn Yen Stimulus to Offset Shinzo Abe's Sales Tax Hike

Japan is planning to increase its sales tax rate from 5% to 8% next April in order to reduce its huge public debt.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505632/20130912/japan-sales-tax-shinzo-abe-public-debt.htm September 12, 2013 at 12:26PM

John Lewis Partnership Posts Robust First-Half Sales

Company that runs John Lewis department stores and Waitrose supermarkets reported 3.9% increase in underlying pre-tax profit.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505599/20130912/john-lewis-waitrose-profit-quiet-revolution.htm September 12, 2013 at 10:31AM

Morrisons Shares Gain on Convenience and Online Expansion Plans

Pre-tax profit for first half declined to £344m from £440m last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505562/20130912/morrisons-profit-ocado-convenience-online.htm September 12, 2013 at 08:37AM

One Third of Europeans Will Be in Poverty by 2025 – Oxfam

In UK, austerity will push 800,000 children and 1.9 million adults into poverty by 2020.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505518/20130912/oxfam-europe-poverty-unemployment-eu.htm September 12, 2013 at 07:06AM

Kingfisher Shares Fall on Profit Drop Amid Weak Consumer Confidence

Pre-tax profit before goodwill and exceptional items declined to £365m from £371m.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505333/20130911/kingfisher-b-q-screwfix-profit-diy.htm September 11, 2013 at 01:32PM

Hurun China Rich List: Dalian Wanda Founder Wang Jianlin Tops Table

Jianlin is richest in China with $22bn net worth as property tycoons dominate top 10.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505308/20130911/hurun-rich-list-wang-jianlin-dalian-wanda.htm September 11, 2013 at 11:55AM

Barratt Profit Soars as UK Housing Market Recovery Spreads Beyond London

Profit before tax and exceptional items rose by 73.3% to £192.3m on higher average selling prices.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505247/20130911/barratt-developments-profit-housing-recovery-london.htm September 11, 2013 at 08:26AM

North Korea Agrees Kaesong Industrial Park Reopening Date With South

Park was closed in April amid high political tension between two Korean nations.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505214/20130911/south-north-korea-kaesong-industrial-park.htm September 11, 2013 at 06:55AM

Chinese Mall Builder Considers $1bn Hong Kong IPO

Chinese property developers listed in Hong Kong enjoyed high shares prices recently.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/505009/20130910/szitic-ipo-hong-kong-property-developer-alibaba.htm September 10, 2013 at 12:38PM

China Factories Surging as Industrial Output Grows at 17-Month High

Industrial production rose 10.4% year-on-year in August, beating economists' expectations for 9.9% growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/504933/20130910/china-industrial-production-retail-sales-economic-growth.htm September 10, 2013 at 08:38AM

European Markets Open Higher on Robust China Data

Robust China data and rally in Asian and US markets are expected to help European stocks.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/504924/20130910/european-markets-shares-china-industrial-production.htm September 10, 2013 at 08:08AM

Asian Shares Gain as Fears over Military Attack on Syria Recede

Expected positive China economic data and lower scale of Fed tapering add to optimism.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/504889/20130910/asian-markets-shares-attack-syria.htm September 10, 2013 at 06:42AM

Germany Records Surprise Exports Fall as Eurozone Weakness Persists

July exports declined 1.1% from June as exports to euro-area members fell 0.7%.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/504264/20130906/germany-exports-imports-trade-deficit-ecb.htm September 06, 2013 at 11:21AM

UK House Prices Rise at Fastest Rate Since June 2010

Halifax says House prices for three months to August rose 5.4% on year amid Funding for Lending and Help to Buy.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/504233/20130906/halifax-home-prices-mortgage-lending-fls.htm September 06, 2013 at 09:42AM

BRICS Agree $100bn Forex Fund to Combat US Fed Stimulus Tapering

Fund requires approvals from countries' parliaments and its technicalities are yet to be determined.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/504158/20130906/brics-fed-stimulus-cut-forex-rupee.htm September 06, 2013 at 07:12AM

Boeing: China Will Need $780bn of Aircraft to Meet Soaring Demand

China would require 5,580 new airplanes valued at $780bn over next 20 years, according to Boeing.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503963/20130905/boeing-china-airbus-long-haul-dreamliner.htm September 05, 2013 at 11:08AM

Dixons Retail Shares Surge on Robust Sales and Troubled-Business Disposals

Dixons agreed to pay €69m to rid of loss-making Pixmania business.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503946/20130905/dixons-pixmania-pc-world-curry-s-electroworld.htm September 05, 2013 at 10:17AM

Promises of India's New Central Bank Chief Raghuram Rajan Lift Rupee and Stocks

Raghuram Rajan, newly-appointed RBI chief, announced measures to tackle currency and growth issues, raising investor confidence.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503927/20130905/india-rbi-raghuram-rajan-rupee-bse.htm September 05, 2013 at 08:30AM

G20 Russia Summit to Focus on Tax Evasion and Fed Stimulus Cut

Corporate tax evasion and US move to scale back stimulus programme to dominate St Petersburg summit.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503883/20130905/g20-russia-summit-tax-evasion-fed-stimulus.htm September 05, 2013 at 06:46AM

Japan's 2014 Budget Estimate Hits Record High

Record 99.3tn Yen amount was due to high debt-servicing costs and social welfare costs.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503689/20130904/japan-budget-requests-mof-gdp-public-debt.htm September 04, 2013 at 11:51AM

Australia GDP Growth Beats Expectations but Mining Boom End Beckons

Analysts expect slowdown over coming quarters as Australia's mining boom is coming to an end.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503624/20130904/australia-economy-gdp-mining-boom-abs.htm September 04, 2013 at 08:18AM

UK Shop Prices Decline Amid 'Widespread' Discounts on Non-Food Goods

UK overall shop price deflation at 0.5% in August, same as in July, according to the BRC.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503587/20130904/brc-nielsen-shop-price-deflation-uk-retail.htm September 04, 2013 at 07:09AM

Raghuram Rajan Takes over as Chief of India's Central Bank

Rajan, who was earlier with IMF, takes over amid India’s falling rupee and slow growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503584/20130904/raghuram-rajan-india-rbi-governor-rupee.htm September 04, 2013 at 07:08AM

GlaxoSmithKline Bribery Scandal: China Police Accuse Company of Organising Corruption

Xinhua reports police sources saying crimes were organised by GSK China itself rather than individual salespeople.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503370/20130903/glaxosmithkline-bribery-scandal-xinhua-gsk-china.htm September 03, 2013 at 11:54AM

Spain Unemployment Edges Down amid Rising Hopes for Economic Recovery

Unemployment has fallen by 149,940 people in first eight months of 2013, according to Spain's Labour Ministry.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503336/20130903/spain-unemployment-economy-jobless-rate-gdp.htm September 03, 2013 at 10:11AM

China Set to Achieve Full-Year Growth Targets as Services Sector Expands Again

Premier Li Keqiang said China is on track to meet its growth targets amid further expansion in services and manufacturing sectors.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503276/20130903/china-services-pmi-manufacturing-li-keqiang.htm September 03, 2013 at 08:06AM

UK Poised For Further Recovery as Retail Sales Leap Again

Retail sales rose 3.6% year-on-year in August compared to 3.9% growth in July.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503250/20130903/brc-uk-retail-sales-kpmg-online.htm September 03, 2013 at 06:32AM

Eurozone Manufacturing Sector in 'Broad-Based' Recovery Across Currency Bloc

Markit Eurozone manufacturing PMI rises to a 26-month high at 51.4 in August from 50.3 in July on higher outputs and orders.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503057/20130902/eurozone-manufacturing-pmi-germany-france.htm September 02, 2013 at 11:27AM

India's Evening Fuel Pump Closure Proposal 'Preposterous' and 'Ill-Advised'

Oil Minister Veerappa Moily suggests closing fuel pumps at night to cut oil import bills.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/503021/20130902/india-fuel-pump-petrol-veerappa-moily.htm September 02, 2013 at 08:44AM

UK House Prices Continue to Rise as Demand Spirals

Home prices increased by 0.4% in August from the previous month, according to Hometrack.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502996/20130902/hometrack-house-prices-demand-supply-property-bubble.htm September 02, 2013 at 07:46AM

China's Manufacturing Sector Recovers on Stimulus Measures

HSBC manufacturing PMI rises to 50.1 in August from 47.7 in July.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502960/20130902/china-hsbc-manufacturing-pmi-markit-new-orders.htm September 02, 2013 at 06:35AM

Britons Resort to More Credit to Maintain Living Standards

Consumer credit grew 3.5% year-on-year in July, fastest since December 2008.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502724/20130831/boe-consumer-credit-fls-mortgages-bank-lending.htm August 31, 2013 at 10:53AM

Daters Boost UK Economy with £3.6bn Yearly Spending

Survey finds daters spend £2.1bn a year on entertainment, restaurants and bars.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502701/20130831/dating-cebr-match-com-uk-economy.htm August 31, 2013 at 07:22AM

US Challenges Swiss Banking Secrecy with Anti-Tax Evasion Deal

Switzerland has more than $2tn of foreign deposits in its banks because of secrecy laws.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502588/20130830/swiss-bank-secrecy-wegelin-tax-evasion.htm August 30, 2013 at 10:51AM

Abenomics: Improving Japanese Data Adds Weight to Shinzo Abe's Radical Policies

Japan is benefiting from improved domestic demand while external conditions remain tough.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502549/20130830/japan-consumer-prices-deflation-abenomics-industrial-output.htm August 30, 2013 at 08:21AM

JPMorgan Faces US Regulators' Probe into Hiring Practices Across Asia

Investigation 'finds' spreadsheet linking bank's appointments to specific deals.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502504/20130830/jpmorgan-hiring-practices-china-probe-london-whale.htm August 30, 2013 at 06:26AM

Serco Shares Plummet as UK Government Hurls Fraud Allegations

Serco shares fell 14.43% as police investigate allegations of fraud related to prison transfers contract.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502307/20130829/serco-fraud-pecs-contract-profit.htm August 29, 2013 at 11:46AM

WPP Shares Surge on Robust First-Half Results from Sir Martin Sorrell's Advertising Giant

WPP chief Martin Sorrell criticises rivals' Omnicom-Publicis merger over "clunky" structure and organisation.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502284/20130829/wpp-profit-omnicom-publicis-merger-martin-sorrell.htm August 29, 2013 at 10:36AM

India's Central Bank Targets Rupee Boost via US$ Sale

Indian rupee gains as much as 2.5% against the US dollar with sale to state oil firms.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502244/20130829/india-rupee-rbi-syria-oil-prices.htm August 29, 2013 at 07:57AM

Gulf of Mexico Oil Spill: BP Again Fails to Halt Compensation Payments

Judge sees no fraud in Deepwater Horizon oil spill compensation claims.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502182/20130829/gulf-mexico-oil-spill-bp.htm August 29, 2013 at 06:14AM

G4S Seeks Global Expansion and Debt Reduction via £600m Share Sale

G4S is selling about 140.9 million new ordinary shares or 25 pence each.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502052/20130828/g4s-share-sale-ashley-almanza.htm August 28, 2013 at 12:10PM

JPMorgan Facing $6bn in Fines over Mis-Selling Mortgage-Backed Securities

Potential financial penalty comes after JPMorgan lost over $6.2bn from "London whale" trading scandal.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/502037/20130828/jpmorgan-fhfa-ubs-london-whale.htm August 28, 2013 at 11:24AM

PetroChina: Three Senior Executives Resign after Being Named in Graft Probe

Probe is part of China's Communist Party-led government's efforts to root out corruption by top officials.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501981/20130828/petrochina-anti-graft-kunlun-energy-bo-xilai.htm August 28, 2013 at 08:44AM