Thursday, October 31, 2013

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

Wednesday, October 30, 2013

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

Tuesday, October 29, 2013

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

Monday, October 28, 2013

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

Sunday, October 27, 2013

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

Saturday, October 26, 2013

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

Friday, October 25, 2013

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

Thursday, October 24, 2013

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

Wednesday, October 23, 2013

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

Tuesday, October 22, 2013

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

Monday, October 21, 2013

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

Saturday, October 19, 2013

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

Friday, October 18, 2013

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

Thursday, October 17, 2013

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

Wednesday, October 16, 2013

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

Tuesday, October 15, 2013

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

Monday, October 14, 2013

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

Friday, October 11, 2013

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

Thursday, October 10, 2013

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

Wednesday, October 9, 2013

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

Tuesday, October 8, 2013

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

Monday, October 7, 2013

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

Saturday, October 5, 2013

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

Friday, October 4, 2013

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

Thursday, October 3, 2013

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

Wednesday, October 2, 2013

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

Tuesday, October 1, 2013

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