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