Saturday, August 31, 2013

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

Friday, August 30, 2013

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

Thursday, August 29, 2013

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

Wednesday, August 28, 2013

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

Rupee Slides Past 68-Mark Against Dollar amid Growing Investor Pessimism

Opening at 66.9 on Wednesday, rupee has declined to as much as 68.41 per dollar.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501965/20130828/india-rupee-slide-cheap-food-budget-deficit.htm August 28, 2013 at 08:14AM

Tuesday, August 27, 2013

Rupee Plummets Further as India Approves Cheap Food Scheme

Government announced $28.4bn in infrastructure projects, but fails to boost confidence in economy.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501750/20130827/india-rupee-cheap-food-chidambaram.htm August 27, 2013 at 10:56AM

GlaxoSmithKline Bribery Scandal: China State TV Broadcasts Confession from Peter Humphrey and Wife Yu Yingzeng

British fraud investigator Peter Humphrey and wife Yu Yingzeng were detained as part of a corruption probe into China's pharma sector.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501710/20130827/glaxosmithkline-bribery-scandal-peter-humphrey-chinawhys.htm August 27, 2013 at 08:24AM

Former NYSE Liffe Boss Garry Jones Appointed as LME CEO Amid Metals Hoarding Scandal

Appointment comes as metal exchange faces damage to its reputation over aluminium 'hoarding' scandal.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501701/20130827/hong-kong-lme-garry-jones-nyse-liffe.htm August 27, 2013 at 08:05AM

Monday, August 26, 2013

UK to Record Another Quarter of Growth on Solid Services Sector

CBI survey shows activity in services sector has risen at fastest pace since 2007 and outlook for next quarter remains bullish.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501648/20130827/uk-services-sector-cbi-activity-volume.htm August 27, 2013 at 05:59AM

Carlos Slim's América Móvil to Back Telefonica's E-Plus Acquisition

Deal will make Telefónica second-largest telecom operator in Europe.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501493/20130826/carlos-slim-rica-m-vil-telefonica-e.htm August 26, 2013 at 10:10AM

India’s ONGC to Acquire 10% Stake in Mozambique Offshore Gas Field

ONGC to invest $2.6bn in Rovuma Area 1 Offshore Block in Mozambique.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501459/20130826/india-ongc-mozambique-gas-field-acquisition.htm August 26, 2013 at 08:37AM

Sunday, August 25, 2013

China's New Fuel Pricing Mechanism Bolsters Sinopec Earnings by 24%

China's latest policy allows oil firms to set prices in line with international market.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501405/20130826/sinopec-profit-fuel-price-petrochina-cnooc.htm August 26, 2013 at 06:40AM

Saturday, August 24, 2013

BATS/Direct Edge Merger Could Challenge Dominance of NYSE and Nasdaq

Possible BATS Direct Edge merger to create second largest stock market operator in US after NYSE.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501192/20130824/bats-direct-edge-merger-nyse-nasdaq.htm August 24, 2013 at 10:24AM

IMF Chief Lagarde Advocates Caution on Withdrawing Stimulus Measures

Lagarde stresses need to assess impact of policies before withdrawing them.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501166/20130824/imf-christine-lagarde-ump-federal-reserve.htm August 24, 2013 at 07:17AM

Friday, August 23, 2013

Brazil Announces $60bn Currency Intervention Programme to Boost Real

Real declined 16% against US dollar since May and is heading to a five-year low.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501098/20130823/brazil-real-currency-intervention-inflation-gdp.htm August 23, 2013 at 11:52AM

German Economy Growing Again as Angela Merkel Eyes Another Elections Triumph

Official data confirmed Germany's 0.7% GDP growth in second quarter as domestic demand lifts.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/501037/20130823/germany-economy-angela-merkel-domestic-demand.htm August 23, 2013 at 08:52AM

Thursday, August 22, 2013

Nasdaq to Investigate Technical Glitch after Trading Halt

Nasdaq suspended trading in all listed securities for three hours due to technical problem.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500968/20130823/nasdaq-trading-halt-technical-glitch-sec-nyse.htm August 23, 2013 at 06:36AM

US Drugmaker Eli Lilly Latest Facing China Bribery Allegations

Eli Lilly is "deeply concerned" over unverified allegations its staff spent more than 30m yuan to bribe doctors



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500822/20130822/eli-lilly-bribery-china-glaxosmithkline-sanofi.htm August 22, 2013 at 12:25PM

Eurozone Recovery Gains on Private Sector Expansion

Markit flash Eurozone composite output index rose to 26-month high at 51.7 from 50.5 in July.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500804/20130822/eurozone-private-sector-markit-pmi-manufacturing-services.htm August 22, 2013 at 10:59AM

Indian Rupee Hits Fresh Lows as US Fed Stimulus Cut Fears Weigh Down

Fed minutes provide little clarity about planned tapering of stimulus, hurting Asian currencies and shares.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500755/20130822/indian-rupee-slide-fed-minutes-stimulus-cut.htm August 22, 2013 at 08:38AM

Wednesday, August 21, 2013

China Manufacturing Rebounds Strongly on Fine-Tuning Measures

HSBC flash PMI rises to 50.1 in August from 47.7 in July, beating estimates.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500711/20130822/hsbc-china-manufacturing-pmi-economy-rebound.htm August 22, 2013 at 06:57AM

UK Manufacturing Sector Builds Momentum as Orders Hit 2-Year High

CBI said that output volumes were higher in twelve of sixteen sub-sectors in manufacturing industry.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500524/20130821/uk-manufacturing-cbi-industrial-trends-exports.htm August 21, 2013 at 11:58AM

'Super-Ageing Society' China Eyes Retirement Age Hike to Ease Pensions Burden

By 2035, China is likely to have super ageing society', where every two working people will have to support one elderly person



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500516/20130821/china-super-ageing-society-pension-retirement.htm August 21, 2013 at 11:30AM

China: Top Official Warns Foreign Firms Against Challenging State's Antitrust Accusations

Senior NDRC official reportedly told 30 foreign firms 'if you put up a fight, I could double or triple your fines'.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500478/20130821/china-ndrc-anti-trust-glaxosmithkline-sanofi.htm August 21, 2013 at 09:09AM

Tuesday, August 20, 2013

Indian Central Bank Pumping 80bn Rupees into Financial System via Government Bond Buyback

RBI will spend billions on long-term bond buyback to bring down borrowing costs and to increase credit availability.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500428/20130821/india-rbi-rupee-slide-msf.htm August 21, 2013 at 06:54AM

Detroit Bankruptcy Proceedings Facing Objections from Unions

Unions and creditors say that city's move is violating state and federal laws.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500304/20130820/detroit-bankruptcy-chapter-9-kevyn-orr.htm August 20, 2013 at 04:35PM

Help to Buy Scheme Lifts Persimmon Profits by 38%

Persimmon benefited from improved availability of mortgages and lower mortgage interest rates due to government schemes.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500209/20130820/persimmon-help-buy-profit-mortgage.htm August 20, 2013 at 09:02AM

SEC Investigates JPMorgan For 'Corrupt' Hiring Practices in China

Legal woes mount for JPM as it faces several lawsuits including energy market manipulation



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500191/20130820/jp-morgan-lawsuits-london-whale-jamie-dimon.htm August 20, 2013 at 08:15AM

China to Form ''Super Agency' to Coordinate Financial Regulators

Led by central bank, the new body will have representations from banking, securities, insurance and foreign-exchange regulatory bodies.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500178/20130820/china-financial-sector-coordination-group-pboc.htm August 20, 2013 at 07:48AM

Monday, August 19, 2013

Vodafone Settled Tax Dodging Dispute with HMRC in 2009

Guardian reports that Irish subsidiary helped Vodafone to send more than €1bn of dividends to low-tax jurisdiction of Luxembourg.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/500002/20130819/vodafone-hmrc-tax-evasion-ireland.htm August 19, 2013 at 03:15PM

Glencore Shares Suffer from Expected $7bn Writedown of Xstrata Assets

Glencore Xstrata may write down the value of Xstrata assets by $7bn in its first half results



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499991/20130819/glencore-xstrata-writedown-commodity-copper-nickel.htm August 19, 2013 at 02:22PM

China Sees No Big Changes to Economic Policy in Near Term

PBoC governor said China will liberalise deposit rates as it looks to "fine-tune" policy as needed.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499915/20130819/china-pboc-house-prices-inflation-zhou-xiaochuan.htm August 19, 2013 at 08:45AM

Sunday, August 18, 2013

UK on House Price Bubble Cusp as Demand Outstrips Supply

Housing market recovery continues in August with home asking prices up 5.5% year-on-year.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499879/20130819/rightmove-house-prices-price-bubble-fls.htm August 19, 2013 at 06:51AM

Saturday, August 17, 2013

Egypt's Tourism Sector Suffers Amid Morsi Clashes

Since military coup in July, Egypt's tourism sector has faced losses estimated at $720m.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499641/20130817/egypt-morsi-clashes-violence-tourism.htm August 17, 2013 at 08:58AM

Friday, August 16, 2013

Funding For Lending Scheme Raises Mortgage Affordability to Most Favourable Level in 14 Years

Bank of England launched FLS in 2012 to help banks to provide loans at lower interest rates.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499623/20130817/halifax-mortgage-affordability-fls-help-buy.htm August 17, 2013 at 06:40AM

L'Oreal Targets China Expansion with £539m Magic Holdings Takeover

Maker of Garnier shampoo is supported by Magic Holdings' board and key shareholders.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499540/20130816/l-oreal-garnier-cosmetics-takeover-magic-holdings.htm August 16, 2013 at 11:30AM

US Bankruptcy Judge Stops Shareholders' Move to Derail Kodak Bankruptcy Plan

Kodak shareholders denied special committee in bankruptcy proceedings as company receives nod from unsecured creditors for reorganisation plan.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499497/20130816/eastman-kodak-bankruptcy-reorganisation-creditors.htm August 16, 2013 at 09:32AM

BHP Likely to Face US Enforcement Actions over Beijing Olympics Corruption Scandal

BHP Billiton allegedly breached US anti-corruption laws under its hospitality and sponsorship programme at Beijing Olympics



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499477/20130816/bhp-billiton-beijing-olympics-corruption-sec.htm August 16, 2013 at 08:13AM

Thursday, August 15, 2013

IBM, Oracle and EMC under China Probe Over Snowden Disclosures

Former NSA whistleblower had alleged hacking of systems in Chinese universities.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499436/20130816/edward-snowden-nsa-scandal-ibm-oracle-emc.htm August 16, 2013 at 06:47AM

Wednesday, August 14, 2013

China's Short-Term Borrowing Rates Rise on Central Bank's Higher Guidance

China aims at loosening short-term rates, while tightening long-term rates in order to curb speculation and higher lending.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499107/20130814/china-pboc-money-rates-reverse-repo.htm August 14, 2013 at 03:24PM

China to Launch Another Bribery Probe into Pharmaceutical Sector

France's Sanofi and Britain's GlaxoSmithKline are among foreign firms who were accused of bribery in China



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/499090/20130814/china-bribery-scandal-saic-sanofi-glaxosmithkline.htm August 14, 2013 at 01:16PM

Tuesday, August 13, 2013

US Government Files Lawsuit to Block $11bn AMR-US Airways Merger

Justice Department claims deal would result in higher fares and fees for consumers.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/498941/20130814/amr-airways-merger-justice-department.htm August 14, 2013 at 07:14AM

Japan's Shinzo Abe Mulls Corporation Tax Rate Cut to Offset Weakness

Abe aims to prove his strategy can foster economic recovery while containing Japan's enormous public debt.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/498750/20130813/japan-shinzo-abe-corporate-tax-public-debt.htm August 13, 2013 at 11:39AM

UK House Prices Rise at Fastest Pace in Six Years on Boosted Demand

FLS and Help to Buy boosts buyer demand, raises Rics house price balance to highest since November 2006



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/498739/20130813/rics-house-prices-fls-help-buy.htm August 13, 2013 at 10:48AM

Italian Government Pays Fiat Workers for Being Unemployed

Crisis-hit European governments are siphoning cash into automakers' staff pockets that are on forced leave



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/498704/20130813/italy-fiat-forced-leave-employment.htm August 13, 2013 at 08:55AM

Gulf of Mexico Oil Spill: BP Sues US Government to Lift Ban on Federal Contracts

EPA suspended BP from receiving billions in new federal contracts following a raft of criminal and civil charges



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/498679/20130813/bp-gulf-mexico-oil-spill-epa.htm August 13, 2013 at 07:52AM

Monday, August 12, 2013

Prudential Shares Rise on 22% Surge in Half-Year Profits

British insurance giant reported soaring profits, led by its business in Asia



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/498472/20130812/prudential-profit-insurance-asia-tidjane-thiam.htm August 12, 2013 at 11:18AM

Deloitte Urges UK Government to Create Consistent Tax Rules to Attract Foreign Firms

Accountancy says there's a disconnect between government measures to attract foreign investment and PAC's stand against foreign companies



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/498390/20130812/deloitte-corporation-tax-pac-starbucks-amazon.htm August 12, 2013 at 07:34AM

Saturday, August 10, 2013

French Drugmaker Sanofi Faces Probe in China over Bribery Allegations

After GlaxoSmithKline, China is probing Sanofi for alleged bribery by staff



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/498138/20130810/china-sanofi-bribery-scandal-glaxosmithkline-drugs.htm August 10, 2013 at 11:09AM

RBS Sells Portion of India Assets to Local Bank

Sale comes after RBS' deal with HSBC fell through in November last year



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/498117/20130810/rbs-india-ratnakar-bank-hsbc-rbi.htm August 10, 2013 at 08:53AM

Friday, August 9, 2013

Carlos Slim Plans Expansion Outside Latin America with €7.2bn KPN Offer

América Móvil is offering about €7.2bn for 70% stake it does not own in Dutch carrier KPN.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/498040/20130809/rica-m-vil-carlos-slim-kpn-telef.htm August 09, 2013 at 12:24PM

Chinese Solar Exports to Decline on EU Trade Restrictions

China's solar shipments to EU were capped earlier at 7 GW per year to prevent dumping.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497985/20130809/china-solar-panel-export-eu-dumping.htm August 09, 2013 at 10:01AM

Thursday, August 8, 2013

China's Consumer Price Inflation Remains Stable as Markets Await 'Long-Overdue' Rate Cuts

Consumer price inflation was stable at 2.7% in July, leaving room for policy rate cuts.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497900/20130809/china-consumer-price-inflation-ppi.htm August 09, 2013 at 06:43AM

UK Permanent Job Placements 'Skyrocket' by Fastest Pace Since March 2010

Both permanent and contract staff appointments rose significantly in July, according to REC/KPMG job report.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497722/20130808/rec-kpmg-uk-job-report-recruitment-salary.htm August 08, 2013 at 11:18AM

Gulf of Mexico Oil Spill: BP Ordered to Pay $130m to Settlement Administrator Patrick Juneau

US Magistrate Judge Sally Shushan ordered BP to pay fees to administrator despite new evidence of settlement programme fraud



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497655/20130808/gulf-mexico-oil-spill-bp-lawsuit.htm August 08, 2013 at 07:42AM

Wednesday, August 7, 2013

JPMorgan Under Civil and Criminal Investigations into Mortgage-Backed Bond Sales

Court filing shows that the bank is under "parallel investigations" by the civil and criminal divisions of the US Attorney's Office



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497641/20130808/jpmorgan-chase-sec-civil-probe.htm August 08, 2013 at 07:10AM

Tuesday, August 6, 2013

Goldman Sachs, Glencore, JPMorgan and LME Sued By Florida's Master Screens over Aluminium Hoarding

Second legal challenge related to metal warehousing in a week



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497366/20130807/aluminium-hoarding-glencore-xstrata-jpmorgan-chase-lme.htm August 07, 2013 at 07:10AM

Disney Books $160-$190m Loss on Johnny Depp Starrer Lone Ranger

Disney records almost flat net income at $1.85bn, as revenues from studio entertainment fall.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497362/20130807/walt-disney-lone-ranger-profit-johnny-depp.htm August 07, 2013 at 07:00AM

Germany's Construction Sector Growth Eases and Causes Economic Recovery Concerns

Markit Germany Construction PMI declines to 51.5 in July from 54.5 in June.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497178/20130806/germany-markit-construction-pmi-employment-new-orders.htm August 06, 2013 at 05:19PM

Detroit Bankruptcy: UK Auction House Christie's to Assess Value of City's Art Works

However, Detroit's emergency manager Kevyn Orr says the city has no plan sell off its 60,000-piece collection.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497087/20130806/dia-christie-s-detroit-bankruptcy.htm August 06, 2013 at 12:50PM

Monday, August 5, 2013

HSBC Eyes $1.6bn Mortgage-Backed Bond Settlement with FHFA

Banking giant was accused of mis-selling mortgage-backed bonds during US housing bubble.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497046/20130806/hsbc-fhfa-settlement-rmbs-mis-selling.htm August 06, 2013 at 11:41AM

Royal Baby and Andy Murray Drive UK Retail Sales in July

UK experiences fastest July sales growth since 2006, rising 3.9%, pointing to economic recovery gathering pace.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/497018/20130806/brc-retail-sales-prince-george-andy-murray.htm August 06, 2013 at 10:41AM

Has Eurozone Finally Turned the Corner? Business Activity Expands For First Time in 18 Months

Markit Eurozone composite PMI rises to 50.5 in July from 48.7 in June on accelerated activity in Germany.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/496883/20130805/markit-eurozone-pmi-services-germany.htm August 05, 2013 at 06:17PM

Sunday, August 4, 2013

Vodafone Sues Telecom Italia for €1bn Over 'Dominance Abuse'

Vodafone charges Telecom Italia with impeding competition.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/496754/20130805/vodafone-telecom-italia-market-dominance-franco-bernab.htm August 05, 2013 at 11:57AM

Goldman Sachs and LME Face US Lawsuit Over Aluminium Hoarding

Superior Extrusion sues Goldman and LME for holding back aluminium supplies and pushing up prices.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/496726/20130805/lme-goldman-sachs-superior-extrusion-aluminium.htm August 05, 2013 at 10:59AM

Saturday, August 3, 2013

China's Services Industry Expands Further on Government's Support Measures

Government's pro-growth measures for small firms have largely helped services sector.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/496493/20130803/china-services-pmi-economy-gdp-manufacturing.htm August 03, 2013 at 02:03PM

Friday, August 2, 2013

GlaxoSmithKline Suffers Further Asian Blow as India Revokes Patent on Cancer Drug Tykerb

GSK's patent for Tykerb revoked after company suffered from bribery allegations in China.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/496479/20130803/glaxosmithkline-india-tykerb-patent-china-bribery-scandal.htm August 03, 2013 at 12:09PM

UK Home Prices Rise at Fastest Pace in 3 Years

House prices rose 3.9% year-on-year in July, the sharpest yearly increase since August 2010



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/496343/20130802/nationwide-uk-home-prices-fls-hometrack.htm August 02, 2013 at 01:19PM

Ex-Goldman Trader Fabrice Tourre Found Liable For Fraud in SEC Case

Jury concluded that "Fabulous Fab" misled investors in sub-prime mortgage investment deal five years ago.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/496326/20130802/fabrice-tourre-fabulous-fab-goldman-sec.htm August 02, 2013 at 12:49PM

Thursday, August 1, 2013

India Waters Down Retail FDI Rules to Woo Reluctant Foreign Firms

Government response after Walmart, Tesco and Carrefour had sought easing of FDI norms.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/496289/20130802/india-fdi-retail-rupee-slide-walmart-tesco.htm August 02, 2013 at 11:36AM

Strong Smartphone Sales Help Sony Recovery as Loeb Seeks Entertainment Spin-Off

Sony swings to profit in first quarter helped by weak yen and better sales of Xperia smartphones.



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/496109/20130801/sony-xperia-z-smartphones-daniel-loeb-yen.htm http://ifttt.com/images/no_image_card.png August 01, 2013 at 04:45PM

Goldman Sachs Denies Creating Metal Shortage and Pledges Fast Aluminium Deliveries Amid Hoarding Probe

Investment also hit back at critics which are accusing Goldman of creating a shortage of the metal



via IBTimes.com : Articles by Jerin Mathew http://www.ibtimes.co.uk/articles/496093/20130801/goldman-sachs-hoarding-metro-international-warehouse.htm http://ifttt.com/images/no_image_card.png August 01, 2013 at 03:40PM