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.



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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.



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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.



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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