Dubai overtakes Heathrow as world's busiest airport

Dubai International airport recorded passenger traffic of 68.9 million as of 22 December, compared to 67.8 million at Heathrow.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wDS2sX January 01, 2015 at 01:12PM http://ift.tt/eA8V8J

Top London bankers' average pay in 2013 was 50 times UK annual average wage

Top City bankers were paid an average of £1.3m in 2013, according to data compiled by Reuters.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rDubxO January 01, 2015 at 12:08PM http://ift.tt/eA8V8J

Argentina could soon reach settlement with holdouts as key bond clause set to expire

Rights Upon Future Offers clause expires on 31 December.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/argentina-could-soon-reach-settlement-holdouts-key-bond-clause-set-expire-1481437 December 31, 2014 at 05:29PM http://ifttt.com/images/no_image_card.png

China's low rate of growth is not sign of failure, says official mouthpiece

China's economy has entered 'new normal' of slower but higher-quality growth, says Xinhua editorial.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/chinas-low-rate-growth-not-sign-failure-says-official-mouthpiece-1481416 December 31, 2014 at 03:45PM http://ifttt.com/images/no_image_card.png

Bitcoin would help in transition towards cashless society: Raghuram Rajan

Reserve Bank of India chief Raghuram Rajan says digital currency is "fascinating", despite apparent drawbacks.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/bitcoin-would-help-transition-towards-cashless-society-raghuram-rajan-1481395 December 31, 2014 at 12:52PM http://ifttt.com/images/no_image_card.png

Oil price slide prompts US baron Harold Hamm to appeal against $1bn divorce settlement

Hamm earlier called the ruling "fair and equitable" and publicly had thanked the judge.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/oil-price-slide-prompts-us-baron-harold-hamm-appeal-against-1bn-divorce-settlement-1481387 December 31, 2014 at 12:06PM http://ifttt.com/images/no_image_card.png

Bric becomes irrelevant as investment concept amid deepening stock price divide

Russian and Brazilian stock indices posted a 4.2% drop in 2014, while that of India and China surged by 40%.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/bric-becomes-irrelevant-investment-concept-amid-deepening-stock-price-divide-1481318 December 30, 2014 at 04:26PM http://ifttt.com/images/no_image_card.png

Nationwide: UK house price growth at slowest this year

House price inflation fell to 7.2% in December on an annual basis, down from 8.5% in November, according to Nationwide.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/uk-house-price-growth-slows-further-weak-activity-1481287 December 30, 2014 at 01:36PM http://ifttt.com/images/no_image_card.png

Saudi Arabia sees $38.6bn revenue shortfall in 2015 amid oil price slide

In the budget announced for the next year, spending has been pegged at 860bn riyals and revenue generation at 715bn riyals.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/saudi-arabia-sees-38-6bn-revenue-shortfall-2015-amid-oil-price-slide-1481275 December 30, 2014 at 12:08PM http://ifttt.com/images/no_image_card.png

Londoners increasingly move out of capital to buy homes

Londoners bought 58,000 homes outside London in 2014, representing increase of about 50% from 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/londoners-increasingly-move-out-capital-buy-homes-1480996 December 29, 2014 at 05:31AM http://ifttt.com/images/no_image_card.png

Bank of England begins monitoring internet and social networks for unconventional economic data

Central bank thinks unconventional data from internet could be more timely than official figures.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/bank-england-begins-monitoring-internet-social-networks-unconventional-economic-data-1481035 December 27, 2014 at 01:51PM http://ift.tt/eA8V8J

Xbox Live back online after hacking attack, but Sony Playstation Network still down

Hackers named Lizard Squad say they have stopped cyber attacks at online gaming platforms.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/xbox-live-back-online-after-hacking-attack-sony-playstation-network-still-down-1481021 December 27, 2014 at 11:47AM http://ift.tt/eA8V8J

Sony's 'The Interview' makes $1m on Christmas Day

Film on fictional CIA plot to assassinate North Korean leader Kim Jong-Un doing well at box office.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/sonys-interview-makes-1m-christmas-day-1481017 December 27, 2014 at 10:39AM http://ift.tt/eA8V8J

CEBR Top 10 Economies in 2014: UK overtakes France as number 5

Britain overtook France in 2014 after taking into account £10bn additional earnings from drugs and sex.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rn4vFx December 26, 2014 at 01:30PM http://ift.tt/eA8V8J

UK house prices up more than £15,000 in 2014

House prices at London rose by more than 15% or £81,619 over the past year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wpMylj December 26, 2014 at 12:44PM http://ift.tt/eA8V8J

Qualcomm could get fines exceeding $1bn as China looks to settle antitrust probe

China's National Development and Reform Commission says case will be settled soon according to law.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Bb1ica December 26, 2014 at 11:52AM http://ift.tt/eA8V8J

Hong Kong property tycoon Thomas Kwok jailed for five years, former top civil servant gets 7.5 years

They were earlier found guilty in Hong Kong's biggest graft trial in history.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zZ7GVY December 23, 2014 at 02:06PM http://ift.tt/eA8V8J

Alstom agrees record $772m settlement with US authorities over Foreign Corrupt Practices Act violations

Fine is largest ever imposed on a company for violations of Foreign Corrupt Practices Act, surpassing $450m paid by Siemens.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1t5aCj4 December 23, 2014 at 12:51PM http://ift.tt/eA8V8J

Madoff ponzi scheme: Payout to victims to total more than $7bn

Trustee responsible for liquidating Bernard Madoff's firm is seeking permission to start the fifth interim distribution of payments.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xGKlIS December 23, 2014 at 12:23PM http://ift.tt/eA8V8J

India set to overtake US as second-largest smartphone market in 2016

China will top 500 million smartphone users for the first time by end-2014.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GNOs7o December 22, 2014 at 04:52PM http://ift.tt/eA8V8J

South Korea cuts economic growth forecast on weak consumer and business sentiment

The Ministry of Strategy and Finance said that the country's economy would grow by 3.4% in 2014, lower than 3.7% expected earlier.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GN0eyN December 22, 2014 at 01:23PM http://ift.tt/eA8V8J

Opec's 50-year dominance over global oil market is over, says former cartel head

Opec has controlled the global oil market and has set oil prices for almost half a century until now.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AWvcAM December 22, 2014 at 12:45PM http://ift.tt/eA8V8J

Bitcoin pioneer Charlie Shrem gets 2-year prison sentence in Silk Road case

Shrem pleaded guilty to aiding Silk Road by selling $1m worth of bitcoin.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wNDMTh December 20, 2014 at 03:42PM http://ift.tt/eA8V8J

Sony 'actively surveying alternatives' to release The Interview on another platform

Sony defends its decision to cancel theatrical release after Barack Obama's criticism.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Aoz53q December 20, 2014 at 02:12PM http://ift.tt/eA8V8J

China's Dalian Wanda close to ink about €1bn deal to buy media rights distributor Infront Media

Dalian Wanda is front-runner in auction to buy Infront Media.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HdTvfF December 20, 2014 at 01:04PM http://ift.tt/eA8V8J

Staples data breach might have exposed 1.16 million payment cards

US chain store says malware might have let hackers access cardholder names and payment card numbers..



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wwNoBX December 20, 2014 at 11:53AM http://ift.tt/eA8V8J

Lesbian employees earn 8% more than straights in UK, while gay men get 5% less

Report commissioned by World Bank found that sexual orientation seemingly affects job access, satisfaction, earning prospects and interaction.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1z2SO4z December 19, 2014 at 05:15PM http://ift.tt/eA8V8J

Australian MP Clive Palmer's media adviser arrested for alleged kidnap of bank executive

Clive Palmer's media adviser Andrew Crook arrested and released on bail.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wSEb5I December 19, 2014 at 04:32PM http://ift.tt/eA8V8J

Former Hong Kong civil servant Rafael Hui and property tycoon Thomas Kwok found guilty in graft case

Hui found guilty of three counts of misconduct in public office and two counts of conspiracy, while Kwok found guilty of one count of conspiracy.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zbo6LM December 19, 2014 at 03:06PM http://ift.tt/eA8V8J

American Apparel gets takeover offer from Irving Place Capital

Irving Place is valuing American Apparel between $1.30 and $1.40 per share.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/13jrxlx December 19, 2014 at 02:24PM http://ift.tt/eA8V8J

Google's plan to embed Android in cars may not get consumers' and automakers' support

Consumers with privacy and advertisement concerns not considered likely to favour Google's technology.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wJW6MU December 19, 2014 at 12:43PM http://ift.tt/eA8V8J

Furniture retailer IKEA opens first store in South Korea

The 131,550 square-metre outlet in Gwangmyeong is the Swedish company's largest at present.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w1LVyf December 18, 2014 at 03:28PM http://ift.tt/eA8V8J

Swiss central bank introduces negative deposit rates to curb appreciation in franc

The Swiss National Bank introduced negative deposit rates of 0.25% on commercial bank deposits.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1At32gN December 18, 2014 at 02:26PM http://ift.tt/eA8V8J

Antibiotic resistance to cost up to $100tn for world economy by 2050

Problem could lead to 300 million premature deaths and reduction of 2% to 3.5% in global GDP by 2050, according to government review.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GT4L0Q December 18, 2014 at 12:40PM http://ift.tt/eA8V8J

Chevron halts big Arctic offshore drilling project 'indefinitely' due to oil price slide

Drilling project in EL 481 block is so far largest to put on hold after oil prices dropped by more than 40% since June.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GSUou0 December 18, 2014 at 11:44AM http://ift.tt/eA8V8J

Nokia is still second-largest mobile phone company in terms of unit sales

Nokia has been acquired by Microsoft and the brand is being phased out.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1J1LluA December 17, 2014 at 04:49PM http://ift.tt/eA8V8J

GE's oil and gas unit to suffer from oil price slide

Oil firms are set to reduce capital expenditure due to slide in oil prices.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AnjlM6 December 17, 2014 at 03:59PM http://ift.tt/eA8V8J

Wang Jianlin overtakes Mukesh Ambani as third richest Asian

Wang Jianlin's fortune surged 63% to $24.8bn, while Ambani's net worth declined by 2.4% to $20.4bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zuXXVM December 17, 2014 at 01:32PM http://ift.tt/eA8V8J

Pimco's emerging markets fund sheds 7.9% value as Russian crisis spreads across globe

Russian corporate and sovereign bonds make up 21% of Pimco's $3.3bn Emerging Markets Bond Fund



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1z24Obo December 17, 2014 at 12:08PM http://ift.tt/eA8V8J

France is not enthusiastic about Christmas: YouGov poll

A YouGov poll finds 57% of people in France are not looking forward to Christmas.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yY1ZYX December 16, 2014 at 05:06PM http://ift.tt/eA8V8J

RBS to sell Irish real estate loans for £1.1bn to boost capital position following stress tests

Bank will sell Irish real estate loans to entity controlled by US private equity group Cerberus.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1svL34G December 16, 2014 at 02:24PM http://ift.tt/eA8V8J

Singapore's Olam International to buy Archer Daniels Midland's global cocoa business for $1.3bn

Deal will establish Olam Cocoa as one of the world's top three cocoa processors focused on supply of cocoa liquor, powder, and butter.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zqKGNT December 16, 2014 at 12:49PM http://ift.tt/eA8V8J

Kering explored options to sell sportswear maker Puma

Kering currently owns about 86% stake in Puma.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yX9dN0 December 16, 2014 at 12:01PM http://ift.tt/eA8V8J

Canadian start-up allows credit card bill payment using bitcoins

YesToBitcoins allows payment of American Express, MasterCard and VISA credit cards via bitcoins.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1znnHn4 December 15, 2014 at 03:14PM http://ift.tt/eA8V8J

France to ban Uber services from 1 January, 2015

French interior ministry cited insufficient insurance for Uber drivers among other reasons for the ban.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12SKzz4 December 15, 2014 at 02:34PM http://ift.tt/eA8V8J

China opposes $1.1bn US spending bill that discriminates against its companies

China says spending bill has clauses that discriminate against Chinese companies, violate principles of fair trade and send wrong signal.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12S9Idm December 15, 2014 at 12:32PM http://ift.tt/eA8V8J

Japan manufacturing sentiment deteriorates further

Sentiment among big manufacturers in Japan slipped by one point to +12.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BGTEam December 15, 2014 at 11:56AM http://ift.tt/eA8V8J

Sony Pictures hack: Company fears further cyberattacks after The Interview release

Company's representatives have advised US authorities on the possibility of further hacking attacks, Re/code reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12GpdVx December 13, 2014 at 03:54PM http://ift.tt/eA8V8J

Bitcoin: Stateless man Glen Roberts uses digital currency for almost all daily expenses

Glen Roberts said bitcoin can make lives of stateless people easier.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w28kjX December 13, 2014 at 03:19PM http://ift.tt/eA8V8J

Millions of Britons to get fee-free basic accounts under Treasury's 'landmark deal' with lenders

Participating lenders include Barclays, RBS, HSBC, Lloyds, Santander UK and TSB.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qHAL6b December 13, 2014 at 12:56PM http://ift.tt/eA8V8J

China's Baidu plans up to $600m investment in Uber to rival Tencent and Alibaba

Alibaba and Tencent have invested in local taxi-hailing apps Kuaidi Dache and Didi Dache, respectively.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yHsYbc December 12, 2014 at 04:57PM http://ift.tt/eA8V8J

Google to pull out engineering operations from Russia due to legal hurdles

Company's move comes after Russia adopted new rules requiring more data to be stored in the country.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1utjOaP December 12, 2014 at 01:37PM http://ift.tt/eA8V8J

US passes $1.1tn spending bill to avert shutdown until September 2015

House passes $1.1tn budget with 219 representatives voting in favour and 206 voting against it.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yGviPH December 12, 2014 at 12:36PM http://ift.tt/eA8V8J

Jack Ma replaces Li Ka-shing as Asia's richest person

Ma currently has a net worth of $28.6bn, more than Li's $28.3bn, according to Bloomberg Billionaires Index.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zdYE5G December 12, 2014 at 11:57AM http://ift.tt/eA8V8J

Russia to supply 12 nuclear reactors to India as countries cherish friendship of 'unmatched mutual confidence'

Both countries have signed a total of 16 agreements as President Putin visits the Indian capital for a one-day summit.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zamJug December 11, 2014 at 04:46PM http://ift.tt/eA8V8J

Bank of America: US shale industry to suffer if oil prices decline to $50 per barrel

At least 15% of US shale producers are losing money at current prices, and more than half will be under water if US crude falls below $55, says BoA.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wBmZoj December 11, 2014 at 02:08PM http://ift.tt/eA8V8J

eBay may cut 3,000 jobs ahead of PayPal spin-off

Affected division includes eBay.com and StubHub amid stiff, is competition from Amazon and Alibaba.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GmXEOb December 11, 2014 at 12:37PM http://ift.tt/eA8V8J

FX fixing: New York regulators to probe Barclays and Deutsche Bank's use of algorithms to rig rates

New York regulators are probing the banks' use of algorithms on their trading platforms to manipulate foreign-exchange rates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12x5OXa December 11, 2014 at 11:39AM http://ift.tt/eA8V8J

UK tax avoidance: New tax rule to target double Irish strategy used by Google

Proposed 'Google Tax' in UK will target inter-company fees, which have been frequently used by multinational companies in their tax strategies.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/136tAtV December 10, 2014 at 04:51PM http://ift.tt/eA8V8J

Sony Pictures hack: Pirate Bay, EZTV and more torrent sites offline after copyright police raid

Swedish police seized servers, computers and other equipment in raid on one of the The Pirate Bay's hosting locations



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Giq2kp December 10, 2014 at 02:52PM http://ift.tt/eA8V8J

Two more ex-Madoff employees get prison terms in connection with $17bn ponzi scheme

Bernard Madoff's longtime assistant, Annette Bongiorno, and his former computer programmer, Jerome O'Hara, received six year 2.5 years in jail, respectively.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1shCwlY December 10, 2014 at 01:05PM http://ift.tt/eA8V8J

Cost of Sony Pictures hacking estimated to be less than that of 2011 Playstation Network attack

Experts put the cost of the recent attack at $100m, while the estimated cost of the Playstation hacking in 2011 was $171m.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1D7R15Q December 10, 2014 at 12:08PM http://ift.tt/eA8V8J

Thailand orders Uber to stop services after finding operations illegal

Uber has been banned from operating in the Indian capital of New Delhi.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yLabdH December 09, 2014 at 04:30PM http://ift.tt/eA8V8J

Merck to acquire antibiotic resistance specialist Cubist Pharmaceuticals for $9.5bn

Cubist specialises on developing medicines against antibiotic-resistant bacteria, generally known as super bugs.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12lFsr4 December 09, 2014 at 01:47PM http://ift.tt/eA8V8J

Uber faces lawsuit in US city of Portland after New Delhi ban

Uber started services in Portland on 5 December without consent from local authorities, city accuses.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AYRjaz December 09, 2014 at 12:22PM http://ift.tt/eA8V8J

Sony hackers demand screening of 'The Interview' be stopped

Group calling itself GOP wants movie on North Korean leader, Kin Jong-Un, to be taken off.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1G8LdHp December 09, 2014 at 11:31AM http://ift.tt/eA8V8J

Spy Anna Chapman ordered to seduce fugitive Edward Snowden to lock him in Russia

Snowden defended the attempt as he became ­concerned about the possible consequences, former KGB agency Boris Karpichkov revealed.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w4Peth December 08, 2014 at 03:50PM http://ift.tt/eA8V8J

Founders of India's Infosys seek to raise $1.1bn from share sale

Founders who are selling shares are Narayana Murthy, Nandan Nilekani, S.D. Shibulal and K. Dinesh.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yZgSHZ December 08, 2014 at 01:53PM http://ift.tt/eA8V8J

China's trade surplus rises to record level casting shadow over growth prospects

China registers another record monthly trade surplus of $54.5bn for November, up from $45.4bn in October.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uayBXK December 08, 2014 at 12:27PM http://ift.tt/eA8V8J

US gasoline prices fall to four-year low on increased supply and strengthening dollar

Average price of a gallon of gasoline in the US has dropped one dollar since early May, according to the latest Lundberg survey.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qhlfNY December 08, 2014 at 11:40AM http://ift.tt/eA8V8J

BP set to cut hundreds of UK and US jobs as spill costs and oil price plunge hurt profitability

Headcounts will come down across all upstream and downstream activities and corporate centres.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1saUshU December 08, 2014 at 11:13AM http://ift.tt/eA8V8J

Graduates form more than half of London's workforce

About 53% of London's workforce are college graduates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w00sPR December 06, 2014 at 04:20PM http://ift.tt/eA8V8J

UN set to create framework for global bankruptcy process in wake of Argentina debt crisis

Many EU nations, US, Australia and Japan vote against move saying talks must be held at IMF or Paris Club.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yzPlxK December 06, 2014 at 03:45PM http://ift.tt/eA8V8J

Sony Pictures employees get hackers' threat: 'Your family will be in danger'

Some Sony employees receive emails threatening them and their families.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Id1htN December 06, 2014 at 01:03PM http://ift.tt/eA8V8J

Canary Wharf's owner Songbird Estates rejects £2.6bn sweetened takeover offer

Offer from Qatar Investment Authority and Brookfield does not reflect full value of company, says Songbird.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vV81qP December 05, 2014 at 03:11PM http://ift.tt/eA8V8J

Bill Gross: Central banks' QE may not help solve debt crisis

Janus Capital portfolio manager says central banks in US, Europe and Japan creating more and more debt.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vT6U9Z December 05, 2014 at 02:53PM http://ift.tt/eA8V8J

Vatican discovers hundreds of millions of euros off balance sheet

Vatican's economy minister Cardinal George Pell says financial reforms taking place at Holy See.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zsF2dm December 05, 2014 at 01:05PM http://ift.tt/eA8V8J

Hacking at Sony has similarities with earlier attacks in Middle East and South Korea

Kaspersky Lab said three hacking campaigns might have been conducted or organised by the same group.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wChiWo December 05, 2014 at 11:49AM http://ift.tt/eA8V8J

India: Falling oil prices unlikely to boost economy significantly

A $40bn windfall from oil price decline is likely to be saved rather than spent in bid to bridge fiscal deficit.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wwJdXT December 04, 2014 at 03:46PM http://ift.tt/eA8V8J

EU companies to suffer €2.5bn losses from South Stream project cancellation

Italy-based ENI's subsidiary Saipem will suffer biggest loss at €2bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yTwHAQ December 04, 2014 at 02:09PM http://ift.tt/eA8V8J

GlaxoSmithKline to lay off hundreds of US workers as part of £1bn cost-cutting drive

Company's Research Triangle Park site in North Carolina would be most affected with about 900 redundant jobs.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vOHyew December 04, 2014 at 12:11PM http://ift.tt/eA8V8J

Softbank invests $250m in Southeast Asia-focused taxi-booking service GrabTaxi

Softbank has become the largest investor in mobile app.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FQQmDM December 04, 2014 at 11:28AM http://ift.tt/eA8V8J

Iran revealed as source of sophisticated hackers who attacked over 50 critical organisations

Iran-based hackers infiltrated into servers of more than 50 businesses, facilities, and organisations worldwide, says cyber security company Cylance.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Bcx2ky December 03, 2014 at 02:47PM http://ift.tt/eA8V8J

Target fails to block bank's lawsuit seeking reimbursement in connection with data breach

Judge Paul Magnuson said Target played "key role" in allowing hackers to infiltrate its computer systems.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yh4jVD December 03, 2014 at 01:37PM http://ift.tt/eA8V8J

IBM inks $1.25bn cloud computing deal with WPP

Company also signed multi-year services agreement with Thomson Reuters to provide IT services to employees globally.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HYdX7y December 03, 2014 at 01:02PM http://ift.tt/eA8V8J

Outflows from Pimco Total Return Fund dramatically slow down

Fund suffered massive outflows in recent months following renowned investor Bill Gross' exit from Pimco.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ygwnID December 03, 2014 at 11:50AM http://ift.tt/eA8V8J

China to monitor foreign companies' profit levels to crack down on tax avoidance: Xinhua

China will coordinate with other countries to clamp down on BEPS plotting and cross-border tax avoidance, according to tax officials.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pM3RRj December 02, 2014 at 03:38PM http://ift.tt/eA8V8J

How to stay safe from telephone scams or vishing

Financial services industry group FFA UK guides customers on how to be secure from telephone scams.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1y9n5yc December 02, 2014 at 01:56PM http://ift.tt/eA8V8J

UK fraudsters' gains from phone scams rise threefold to £23.9m

Financial Fraud Action UK survey finds 17% jump in 'vishing' in just one year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tyiVyf December 02, 2014 at 01:23PM http://ift.tt/eA8V8J

Flaws in battery design and certification led to fire at JAL-operated Boeing 787, US concludes

On 7 January 2013, JAL-operated 787 Dreamliner caught fire at Boston's Logan International Airport due to battery issues.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tGJb8F December 02, 2014 at 12:37PM http://ift.tt/eA8V8J

Sony hacking aftermath: FBI warns companies of deadly malware

FBI says malware can overwrite all data on hard drives and prevent systems from booting up.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zbZgHY December 02, 2014 at 11:52AM http://ift.tt/eA8V8J

Moody's cuts Japan's credit rating on doubts about fiscal targets and debt reduction

Moody's has cut rating by one notch to A1 from Aa3.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rMZtx7 December 01, 2014 at 05:32PM http://ift.tt/eA8V8J

Over 150,000 passengers affected as strike-hit Lufthansa cancels 48% of scheduled services

Lufthansa cancelled 1,350 flights in short-haul, continental and intercontinental categories.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1y2NopB December 01, 2014 at 03:23PM http://ift.tt/eA8V8J

Five Sony movies including Brad Pitt-starrer 'Fury' being shared online after hacking attack

Fury has been a hit on file sharing sites, with more than 880,000 downloads.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pFdott December 01, 2014 at 01:34PM http://ift.tt/eA8V8J

Rising Calls for Further Policy Easing as China's Manufacturing Activity Weakens

China's purchasing managers' index declined to 50.3 in November, while HSBC PMI fell to 50.0.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pEPIVV December 01, 2014 at 11:49AM http://ift.tt/eA8V8J

Edward Snowden Revelations Not Having Much Impact on Internet Users

In survey of more than 23,000 internet users conducted by Centre for International Governance Innovation, just 60% have heard of Snowden.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/edward-snowden-revelations-not-having-much-impact-internet-users-1477189 November 29, 2014 at 02:53PM http://ift.tt/eA8V8J

Vodafone 'Plans' to Buy Liberty Global to Counter BT

Liberty Global owns cable networks capable of carrying very high-speed broadband traffic to many European homes and businesses.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w3wGL6 November 29, 2014 at 01:51PM http://ift.tt/eA8V8J

Lufthansa Faces Fresh Strikes as Talks With Pilots Union Fail

Union warns of strikes at Lufthansa, Lufthansa Cargo and German Wings.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FFknX8 November 29, 2014 at 01:05PM http://ift.tt/eA8V8J

Black Friday: Online Sales Surge as Shops Stay Quiet in US

Black Friday has been busiest US shopping day in US in terms of sales and traffic since 2005.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HMtFTk November 29, 2014 at 12:12PM http://ift.tt/eA8V8J

Bitcoin Rates Fall on Black Friday as Digital Currency Merchants Offer Big Discounts

Bitcoin is trading at $359.61, down 2.58% or $9.53, as at 10:45 am GMT.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ryjg8R November 28, 2014 at 04:33PM http://ift.tt/eA8V8J

FSA Names and Shames Major Supermarkets Over Poultry Bug Causing Food Poisoning

No supermarkets are meeting end-of-production target for reducing campylobacter in chicken, says FSA.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vrFrNA November 28, 2014 at 01:58PM http://ift.tt/eA8V8J

WTO 'Back in Game' with Landmark Reforms

Reforms are expected to add as much as $1tn and 21 million jobs to the world economy.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1txaQc4 November 28, 2014 at 11:35AM http://ift.tt/eA8V8J

Weibo Bans WeChat QR Codes on Its Platform as Rivalry Between Chinese Internet Giants Escalates

Weibo says it would stop users from disseminating quick response (QR) codes and other marketing information.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1y4BS20 November 27, 2014 at 05:35PM http://ift.tt/eA8V8J

Selfie App Shots' CEO Denies Rumours of Acquisition by Twitter

John Shahidi, CEO of Shots, says his company is not selling app.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yjWLoA November 27, 2014 at 12:32PM http://ift.tt/eA8V8J

Candy Crush Saga Maker's Chairman Melvyn Morris Resigns

Gerhard Florin, who is currently chair of the company's compensation committee, will replace Morris.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xJyjcn November 27, 2014 at 12:21PM http://ift.tt/eA8V8J

European Parliament Set to Vote on Proposal to Break Up Google

The European Parliament will vote on 27 November on a proposal to break up Google into separate search business and other services.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vnofsx November 27, 2014 at 11:32AM http://ift.tt/eA8V8J

UK to Register Record £518m Online Sales on Black Friday, Surpassing Mega Monday: Visa Europe

Total Cyber Weekend sales will increase to £1.7bn with record 31 million online transactions, says Visa Europe.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vhGXk9 November 26, 2014 at 04:50PM http://ift.tt/eA8V8J

Snapdeal Likely to Benefit as Alibaba's Jack Ma Announces More Investment in India

Jack Ma noted that Alibaba will work more with Indian suppliers so that they can sell their products in China through Alibaba's platform.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xEBd28 November 26, 2014 at 04:00PM http://ift.tt/eA8V8J

Twitter in Talks to Buy Selfie-App Shots, Backed by Justin Bieber

Twitter is interested in the app's user base of more than 3 million, nearly two-thirds of whom are women under 24.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AT3RTE November 26, 2014 at 01:53PM http://ift.tt/eA8V8J

US Grows Faster Than Initially Expected as Economy Kicks into Higher Gear

GDP increased at annual rate of 3.9% in third quarter, compared to initial estimate of 3.5%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CeeB0n November 26, 2014 at 12:45PM http://ift.tt/eA8V8J

China Orders Microsoft to Pay $137m in Back Taxes for Tax Evasion

Microsoft will also have to pay more than 100m yuan in additional taxes per year in future.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vgbFKs November 26, 2014 at 11:57AM http://ift.tt/eA8V8J

Blackstone Rejects £2bn Offer for Resort Operator Center Parcs

Blackstone has rejected a joint bid from BC Partners and Canada Pension Plan (CPP).



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1r8JEGp November 25, 2014 at 03:21PM http://ift.tt/eA8V8J

Actavis Plans Layoffs Due to Overlaps in Corporate Functions after Allergan Deal

Actavis had earlier agreed to buy Allergan for $66bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Fm1vfB November 25, 2014 at 12:15PM http://ift.tt/eA8V8J

Japan Likely to Issue More Debt on Top of Its $8.5tn Public Liabilities

Sales tax hike has hurt consumption and resulted in recession in the economy.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1C8AHRU November 25, 2014 at 11:32AM http://ift.tt/eA8V8J

Western Sanctions and Oil Price Fall Costing Russian Economy up to $140bn Per Year

Russian Finance Minister Anton Siluanov says Western sanctions costing economy dearly.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vipHMN November 24, 2014 at 04:16PM http://ift.tt/eA8V8J

Russian Billionaire Alisher Usmanov's Alibaba Investment Surges 500%

Usmanov declined to give the exact amount of gain in an interview with CNBC.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1perBgu November 24, 2014 at 03:16PM http://ift.tt/eA8V8J

Symatec Discovers Super Spyware Regin Likely Created by a Government

Tool has been in use for six years to spy on government organisations, businesses and private individuals, says Symantec.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AFwXWo November 24, 2014 at 12:55PM http://ift.tt/eA8V8J

Italy's Intesa Bank Looks for UK Expansion With Possible Bid for RBS' Coutts

Financial Times reported that Intesa is trying to persuade RBS to sell all of Coutts along with its UK business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/11NeIyY November 24, 2014 at 11:20AM http://ift.tt/eA8V8J

Hackers Target Medical Records as Electronic Data Becomes Less Lucrative

Kelly Yee, Vice President at Penango, discusses why hackers prefer medical records to electronic data.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uODNUw November 22, 2014 at 01:34PM http://ift.tt/eA8V8J

Brussels Proposes to Break Up Google on Antitrust Concerns

EU Parliament preparing non-binding resolution to split Google's search engine operations in Europe from rest of its business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qLYUZm November 22, 2014 at 12:25PM http://ift.tt/eA8V8J

China Central Bank's Rate Cut Not to Significantly Impact Economy: Analysts

PBoC cut one-year lending rates by 40 basis points to 5.6% and reduced one-year deposit rates by 25 basis points to 2.75%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/11FiLxe November 22, 2014 at 11:17AM http://ift.tt/eA8V8J

Blackstone to Buy $1.6bn Worth of Japan Apartments in Country's Largest Deal for 2014

Blackstone reached an agreement to buy GE Japan Corp's residential property business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xYBD78 November 21, 2014 at 03:15PM http://ift.tt/eA8V8J

Venezuela Expresses Readiness to Cut Production to Arrest Fall in Oil Prices

Foreign Minister Rafael Ramirez said his country would make a proposal to limit supply and strengthen prices at the next OPEC meeting.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1v0JT5J November 21, 2014 at 12:51PM http://ift.tt/eA8V8J

Alibaba Completes $8bn Bond Offering Amid Robust Demand

Investors submitted orders of at least $57bn for company notes.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uHgpIK November 21, 2014 at 12:22PM http://ift.tt/eA8V8J

Firefox Keeps Google in Europe but Signs Landmark Five-Year Deal with Yahoo in US

Firefox inked new deal with Yahoo to serve as its default search provider in key market US.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vscTFt November 20, 2014 at 04:07PM http://ift.tt/eA8V8J

Japanese Exports Accelerate Fueling Recovery Hopes

Exports increased to 9.6% year-on-year in October, representing a steep rise and its highest in the past eight months, compared to 6.9% growth in September.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vscVND November 20, 2014 at 04:07PM http://ift.tt/eA8V8J

Key HSBC China Manufacturing Index Slips to No-Growth Region

Economists say more monetary and fiscal easing measures should be deployed given weak data



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tjpqDP November 20, 2014 at 04:00PM http://ift.tt/eA8V8J

Global Smartphone Data Traffic to Increase Eightfold to 17 Exabyte in 2020

Jump in data consumption will be primarily due to 130% increase in number of smartphone subscriptions.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tdDmzr November 19, 2014 at 04:36PM http://ift.tt/eA8V8J

Toyota to Start Sale of Hydrogen-Powered Cars from December

Company will start selling Mirai fuel cell cars in Japan on 15 December and in US and Europe in mid-2015.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/14KeTx6 November 19, 2014 at 03:52PM http://ift.tt/eA8V8J

Shell Wins Tax Dispute in India over Transfer-Pricing

Bombay High Court ruled in favour of Shell's Indian unit, saying stock transfers by Indian company to its foreign parent were not taxable.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1u9qEBP November 19, 2014 at 12:52PM http://ift.tt/eA8V8J

Japan Not Likely to Achieve 2015 Inflation Target Given Delay in Sales Tax Hike

Consumption tax hike, which was scheduled for October 2015, will now be implemented in April 2017.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qUP5TC November 19, 2014 at 11:37AM http://ift.tt/eA8V8J

Harvard University Has Most Number of Billionaires Among Alumni

Ivy League research university, having 335 Rhodes scholars and 150 Nobel laureates to its credit, also produced 64 billionaires



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HebWUt November 18, 2014 at 03:44PM http://ift.tt/eA8V8J

China's Kunlun Bank Used by Iran to Transfer Funds to Quds-Linked Firms

Extremist group Quds Force is designated supporter of terrorism by US in 2007.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1u4Y44y November 18, 2014 at 02:52PM http://ift.tt/eA8V8J

Apple's Market Cap Could Go Up As High As $1tn

Stock market experts told Reuters that the iPhone maker's shares remain undervalued.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/11n86Hj November 18, 2014 at 12:37PM http://ift.tt/eA8V8J

Carl Icahn Predicts Major Stock Market Correction in 3 to 5 Years

Icahn said higher earnings being reported by companies are based on their ability to borrow at very low interest rates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/11n2L2N November 18, 2014 at 12:00PM http://ift.tt/eA8V8J

Indonesia Cuts Subsidies and Hikes Fuel Prices by 30%

President Joko Widodo government's move to boost revenues and fix trade imbalance.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vkBtZ2 November 18, 2014 at 11:20AM http://ift.tt/eA8V8J

Thailand Cuts Yearly Growth Forecast on Weak Exports

Thailand's planning agency has cut its economic growth forecast for 2014 to 1.0% from 1.5-2.0% set in August.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wMjMw7 November 17, 2014 at 01:25PM http://ift.tt/eA8V8J

International Investors on Buying Spree as Shanghai-Hong Kong Stock Connect Opens

International investors purchased 13bn yuan of Shanghai shares, triggering halt in buy orders for rest of the day.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xNLyfK November 17, 2014 at 12:57PM http://ift.tt/eA8V8J

Allergan Close to Ink up to $65bn Deal with Actavis to Thwart Valeant's Hostile Bid

Actavis may value Allergan shares between $215 and $220 apiece.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1EPL3Ce November 17, 2014 at 12:12PM http://ift.tt/eA8V8J

Facebook to Launch Professional Networking Site Challenging LinkedIn, Google and Microsoft

The company is "secretly working" on new website called 'Facebook at Work', according to Financial Times.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yaSn9n November 17, 2014 at 11:30AM http://ift.tt/eA8V8J

Most Expensive Divorces in History: Dmitry Rybolovlev Paid Biggest Settlement of $4.5bn

Media mogul Rupert Murdoch was involved in third and fifth costliest divorce in history.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sS4TpW November 15, 2014 at 05:05PM http://ift.tt/eA8V8J

Microsoft Overtakes Exxon Mobil and Google in Market Cap to Become Second-Largest Company

Microsoft closed at $49.58 on 14 November at corresponding market capitalisation of $408.7bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vfWG5A November 15, 2014 at 03:31PM http://ift.tt/eA8V8J

Yahoo Mail Down Again: Read Furious Twitter Comments

Yahoo's mail service went down again, leading to furious comments about company on social media.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/119zFno November 15, 2014 at 01:17PM http://ift.tt/eA8V8J

Bitcoin Firm Coinbase Raising Between $40-$60m at $400m Valuation

Venture capital firm Draper Fisher Jurvetson expected to contribute most of funds.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sPyEIL November 15, 2014 at 12:49PM http://ift.tt/eA8V8J

Democracies US, UK and India Listed Among Enemies of Internet Freedom

Advocates of internet freedom worried as democratic nations are heading towards more authoritarian internet.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pYuQtm November 14, 2014 at 04:02PM http://ift.tt/eA8V8J

Ebola: US Asks IMF to Write Off $100m Debt of Guinea, Sierra Leone and Liberia

US says debt relief will help West African countries to cope with devastating effects of Ebola.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/11njCDs November 14, 2014 at 03:22PM http://ift.tt/eA8V8J

India's Wholesale Price Inflation Dips to 5-Year Low Raising Rate Cut Hopes

India's price situation benefits from fall in global oil prices, but demand remains weak.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/114CciO November 14, 2014 at 01:59PM http://ift.tt/eA8V8J

Apollo to Bid for All of GSK's Mature Drugs Worth Over $3bn

Other bidders are looking to acquire certain regional businesses.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wwtMcU November 14, 2014 at 12:39PM http://ift.tt/eA8V8J

China Likely to Cut 2015 Growth Target to 7% as Economic Activity Remains Weak

Industrial production increased 7.7% year-on-year in October, down from 8% in previous month.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/14gUqzH November 13, 2014 at 03:22PM http://ift.tt/eA8V8J

GE Looks to Capitalise on Rising Infrastructure Demand from Emerging Markets

GE expects double-digit percentage increases in orders in developing countries.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zOQVgU November 13, 2014 at 01:29PM http://ift.tt/eA8V8J

Allergan and Actavis in Talks for $60bn Deal to Rebuff Valeant's Hostile Bid

Actavis offering $60bn, while Allergan is seeking additional $3bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/10ZmAgo November 13, 2014 at 12:46PM http://ift.tt/eA8V8J

Amazon Could Test Fly Same-Day Delivery Drones in Cambridge

Company expanding R&D operations in Cambridge focusing on drone and speech tech projects.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Ex568d November 13, 2014 at 12:07PM http://ift.tt/eA8V8J

US: More Than 30% of Adults Live with Roommates Slowing Down Housing Recovery

Portion of adults who lived with roommates increased to 32% in 2012, compared to 25.4% in 2002, according to Zillow.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/13QEJip November 07, 2014 at 04:47PM http://ift.tt/eA8V8J

Electronic Payments Rise 16% in Middle East and North Africa During Ramadan-Eid Holidays

Increased transition within Mena region from cash-based financial system to card-based system.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/13QA6Fb November 07, 2014 at 04:23PM http://ift.tt/eA8V8J

ECB Blames Domestic Policymakers for Ireland's Economic Crisis

ECB published letter written by former ECB president Jean-Claude Trichet to then Irish Finance Minister Brian Lenihan in November 2010.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AwwPtg November 07, 2014 at 02:09PM http://ift.tt/eA8V8J

Qatar Looks to Increase Ownership of London Skyline with New Move to Acquire Canary Wharf

Qatar's sovereign wealth fund and Canada's Brookfield group bidding for Canary Wharf's majority owner Songbird Estates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Ea56uH November 07, 2014 at 12:40PM http://ift.tt/eA8V8J

China Central Bank Pumps $125.9bn Low-Cost Funds into Banking System

People's Bank of China increases funds flow in bid to reverse sagging economic growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ycbvDL November 07, 2014 at 11:58AM http://ift.tt/eA8V8J

Home Depot Hacking Attack: 53 Million Email Addresses Stolen

Home Depot hackers accessed files containing email addresses, but files did not contain passwords.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vSeIpt November 07, 2014 at 11:14AM http://ift.tt/eA8V8J

Yearly New Car Sales Cross Two Million in October For First Time in Seven Years

UK car sales jumped 14.2% in October to 179,714 units.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/13LP27w November 06, 2014 at 04:10PM http://ift.tt/eA8V8J

Pepsi, Ikea and Hundreds of Companies 'Reducing Global Tax Under Secret Luxembourg Deals'

Leaked documents revealed by ICIJ expose more than 300 multinationals also including FedEx, AIG and Deutsche Bank.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vNsQjY November 06, 2014 at 03:18PM http://ift.tt/eA8V8J

Lenovo Shares Plunge 5% as Sales Growth Disappoint Investors

Lenovo reported 19% rise in profits to $262m and 7% rise in sales to $10.5bn for three months ended in September.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/10r4yDm November 06, 2014 at 03:02PM http://ift.tt/eA8V8J

US Fed Prohibits Large Mergers in Financial Sector

Fed issued rule prohibiting financial firms from combining with others if resulting company's liabilities exceed 10% of aggregate industry liabilities.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uzir0u November 06, 2014 at 01:50PM http://ift.tt/eA8V8J

Walmart Tops Lucky Sperm Club, World's Largest Family Businesses

Retail giant, controlled by family of Sam Walton, had more than $476bn in revenues in 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1x3gOZn November 05, 2014 at 04:16PM http://ift.tt/eA8V8J

Bitcoin: A Better Approach to Cyber Security - Interview

BitStash CTO Trevor Murphy discusses how bitcoin can largely prevent data theft by hacking.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/13GYoRX November 05, 2014 at 03:46PM http://ift.tt/eA8V8J

Hold-Out Fund Elliott Management Pursuing Sanctions Against Argentina

Elliott will continue decade-long search for Argentine assets to enforce $1.7bn in court judgments.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1utNzyA November 05, 2014 at 02:40PM http://ift.tt/eA8V8J

Xiaomi to Invest $1bn in Online Video Content as Chinese Tech Firms Seek Entertainment Fortune

Company has hired internet expert Chen Tong, who has been Sina.com's editor-in-chief.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1EhquAj November 05, 2014 at 12:54PM http://ift.tt/eA8V8J

Pimco Total Return Fund Suffers Record $27.5bn Monthly Withdrawals After Bill Gross' Exit

Nearly half of monthly outflows happened in the first five trading days, and withdrawals are slowing down, according to Pimco.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1utc8eU November 05, 2014 at 11:42AM http://ift.tt/eA8V8J

Germany Proposes Bill Demanding Foreign Tech Firms' Source Code to Combat Spying

Firms selling software to German government or companies critical to its security might be forced to reveal their source code.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tDlYsN November 04, 2014 at 04:26PM http://ift.tt/eA8V8J

Macau Casinos Witness Biggest Monthly Revenue Drop on Record

Total casino revenues declined 23.2% year over year in October to 28bn Macau patacas (£2.19bn).



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1x5vlAr November 04, 2014 at 01:37PM http://ift.tt/eA8V8J

Bill Gross: Central Banks' Monetary Stimulus Not Helping Create Inflation

Bill Gross says deflation remains possibility despite monetary easing policies.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tCpUdj November 04, 2014 at 12:49PM http://ift.tt/eA8V8J

Former UBS Top Banker Raoul Weil Cleared of $20bn US Tax Evasion Charges

Weil was accused of conspiring to help wealthy Americans to hide $20bn in assets in secret offshore accounts.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/10Qs7XA November 04, 2014 at 11:56AM http://ift.tt/eA8V8J

Amazon Warns of Ending India and China Operations Due to Complicated Laws

Amazon sees 'substantial uncertainties' in interpretation of laws in India and China.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/10iqqB6 November 03, 2014 at 04:22PM http://ift.tt/eA8V8J

Publicis to Acquire US-Based Sapient for $3.2bn to Boost Digital Offerings

Combined company is expected to have more than €8bn in revenues with about €1.3bn in EBITDA.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DQe1S4 November 03, 2014 at 03:25PM http://ift.tt/eA8V8J

Asian Airline Industry's Woes Soar Underlining Warren Buffett's Prediction

Six of 10 IPOs by airlines in Asia during past five years are trading below their sale prices, according to Bloomberg.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/10hYKMX November 03, 2014 at 02:31PM http://ift.tt/eA8V8J

Hong Kong's Economy Unaffected by Pro-Democracy Protests

Hong Kong's key property, tourism and retail sectors largely unaffected by pro-democracy protests.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ulyOO7 November 03, 2014 at 12:37PM http://ift.tt/eA8V8J

Bitcoin Prices Fall for Fourth Straight Month

During October, bitcoin value declined by 12.8%, closing at 336.8.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ufYxrd November 01, 2014 at 01:05PM http://ift.tt/eA8V8J

Nokia Shuts Down Plant in India Throwing 8,000 Out of Jobs

Finnish telecom giant closes Sriperumbudur facility near Chennai owing to tax dispute.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/10H219f November 01, 2014 at 12:36PM http://ift.tt/eA8V8J

China Manufacturing Activity Falls to 5-Month Low Amid Growth Slowdown Fears

Official Purchasing Managers' Index (PMI) eases to 50.8 in October from 51.1 in September.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xJQK27 November 01, 2014 at 10:53AM http://ift.tt/eA8V8J

China's Alibaba to Surpass Walmart Sales Volume in Two Years

Walmart's yearly sales were $476bn last year, while Alibaba's trading volume was $151bn in first half of 2014.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sQ0iEj October 31, 2014 at 05:01PM http://ift.tt/eA8V8J

UK Government to Repay £218m of First World War Debt

Government paid £1.26bn in interest on debt since its issue in 1927



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wjqKMF October 31, 2014 at 02:08PM http://ift.tt/eA8V8J

UK Consumer Confidence Edges Down on Economic Growth Woes

GfK consumer confidence index declined by one point in October to -2.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/106OXZW October 31, 2014 at 01:15PM http://ift.tt/eA8V8J

Bitcoin-Loving Terrorists Threaten to Spread Ebola Virus in Czech Republic and Demand €1m Crypto Money

Terrorists demanded €1m in bitcoin, but Czech authorities ignored warning.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zlgJku October 31, 2014 at 12:26PM http://ift.tt/eA8V8J

Warrants for Facebook User Data Help Solve Many Cases in New York

Data from Facebook led to 130 indictments of civil servants, including police officers and firefighters, for Social Security fraud.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wIQcev October 30, 2014 at 04:57PM http://ift.tt/eA8V8J

India Government Submits List of 627 Names to Supreme Court in Anti-Black Money Move

Suspected people include about 350 Indians and about 270 non-resident Indians.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wHS0T9 October 30, 2014 at 03:44PM http://ift.tt/eA8V8J

Samsung Posts Lowest Profit in Three Years as Smartphone Strategy Fails

Company reported 60% decline in profit to 4.1tn won in third quarter.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wHumpL October 30, 2014 at 01:26PM http://ift.tt/eA8V8J

US Fed Ends Quantitative Easing but Keeps Ultra-Low Interest Rates

Country's economic recovery would continue despite weak outlook for global economy, according to Fed.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wGyEi9 October 30, 2014 at 11:24AM http://ift.tt/eA8V8J

Pfizer to Explore Favourable Tax Inversion Deals Despite US Curbs

New rules make tax inversion deals more complicated and also potentially limits value, says Pfizer chief executive Ian Read.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wCvUST October 29, 2014 at 05:25PM http://ift.tt/eA8V8J

Nearly 50% of Californians Hit by Cyber Attacks in 2013

Personal records of 18.5 million people in California were at risk in 2013 due to cyber intrusions.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DuerNG October 29, 2014 at 01:16PM http://ift.tt/eA8V8J

Hong Kong Regulators Approve Stock-Trading Link with China

Launch date of Shanghai-Hong Kong Stock Connect is yet to be announced.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zHDvEk October 29, 2014 at 12:12PM http://ift.tt/eA8V8J

Bitcoin Gets Backing from Former SEC Chair Arthur Levitt

Levitt will serve as advisor to bitcoin firms BitPay and Vaurum.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tJCVme October 29, 2014 at 11:37AM http://ift.tt/eA8V8J

Facebook Shares Plunge on Aggressive Spending Plan Despite Robust Quarterly Results

Facebook forecast 75% increase in expenses for 2014.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pX0sK2 October 29, 2014 at 11:29AM http://ift.tt/eA8V8J

China's Evergrande Launches Infant Formula Following Acquisition of Cowala Dairy

Evergrande, which acquired New Zealand dairy firm, enters booming dairy products business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1u2rYNq October 28, 2014 at 03:52PM http://ift.tt/eA8V8J

36 European Banks Would Have Failed Stress Test Based on Basel III Norms

Basel III is tougher global regulatory standard on bank capital adequacy, stress test and market liquidity risk.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rwQhvl October 28, 2014 at 01:20PM http://ift.tt/eA8V8J

Standard Chartered Profit Falls on Higher Costs and Bad Loans

Pre-tax profit for quarter ended on 30 September declines to $1.5bn from $1.8bn last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rQo97s October 28, 2014 at 11:51AM http://ift.tt/eA8V8J

Japan Retail Sales Rise at Fastest Pace Driven by Apparels, Food and Beverages

Retail sales rose 2.3% year-on-year in September, representing biggest gain since March.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zCOw9S October 28, 2014 at 11:17AM http://ift.tt/eA8V8J

China Plans £105bn Investment in British Infrastructure by 2025

China will primarily invest in UK's energy, property and transport infrastructure.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tcfO2t October 27, 2014 at 02:25PM http://ift.tt/eA8V8J

Launch of Shanghai-Hong Kong Stock Connect Delayed

Shares in Hong Kong Exchanges and Clearing decline almost 5% in morning trade.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tvBKGN October 27, 2014 at 12:00PM http://ift.tt/eA8V8J

Oil Prices Drop as Goldman Sachs Cuts WTI and Brent Projections by $15 Per Barrel

Goldman lowers price projections of West Texas Intermediate to $75 a barrel from $90, and of Brent to $85 from $100.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1t7PyEN October 27, 2014 at 10:39AM http://ift.tt/eA8V8J

China Fourth Quarter Growth Could Slow to 7.2% on Weak Domestic Demand

Song Guoqing, member of monetary panel at People's Bank of China, sees weak growth outlook.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wBlu59 October 27, 2014 at 09:46AM http://ift.tt/eA8V8J

Michael Jackson, Elvis Presley and Elizabeth Taylor among Top 10 Highest Earning Dead Celebrities

Others in list include Bob Marley, Marilyn Monroe, Albert Einstein and Bruce Lee.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oFdeSG October 25, 2014 at 02:50PM http://ift.tt/eA8V8J

Bitcoin Payments Accepted for Surgery at Major Polish Hospital in Warsaw

Warsaw hospital accepts payments in popular digital currency bitcoin for wider range of healthcare services.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tmbWNe October 25, 2014 at 12:41PM http://ift.tt/eA8V8J

Google CEO Larry Page Puts Sundar Pichai In Charge of Key Businesses

Pichai to oversee search, maps, Google+, commerce, advertising and infrastructure..



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ywSsom October 25, 2014 at 11:26AM http://ift.tt/eA8V8J

Raj Rajaratnam's Brother Makes $840,000 Settlement with SEC over Civil Claims

Rengan Rajaratnam settles insider trading case with US Securities and Exchange Commission.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rrJ94m October 24, 2014 at 03:20PM http://ift.tt/eA8V8J

Google Set to Spend $1bn in Long-Term Office Leases

Lease contracts have periods expiring between 2027 and 2028.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nBUwKO October 24, 2014 at 02:16PM http://ift.tt/eA8V8J

Swiss Banks Question Terms of US Tax Amnesty Deals

As many as 73 Swiss banks question more than dozen demands set out in agreement.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12o1kT1 October 24, 2014 at 01:11PM http://ift.tt/eA8V8J

Microsoft Sales Beat Projections on Nokia Acquisition But Profit Falls

Acquisition of Nokia boosts company's revenues by 25% to $23.2bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ti65bW October 24, 2014 at 12:01PM http://ift.tt/eA8V8J

UK Consumer Confidence Falls as Low Rate of Economic Growth Stokes Job Insecurity Fears

YouGov/CEBR consumer confidence index declines by 2.9 points to 111.2 points in October.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uITjyF October 23, 2014 at 01:20PM http://ift.tt/eA8V8J

Tesco Sales and Profit Fall as Profit Overstatement Calculated at £263m

Sales for first half declined 4.4% to £34bn, while pre-tax profit fell 91.9% to £112m



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FGHNfI October 23, 2014 at 12:38PM http://ift.tt/eA8V8J

Lloyds to Axe 9,000 Jobs and Shut Down Some Branches

Plan to be carried out over next three years as part of CEO Antonio Horta-Osorio's strategic review of business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12gkxpm October 23, 2014 at 11:49AM http://ift.tt/eA8V8J

China Manufacturing Rises to Three-Month High But Demand and Employment Remain Weak

HSBC/Markit flash PMI rises to 50.4 in October, compared to 50.2 in September.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uIrRAU October 23, 2014 at 11:12AM http://ift.tt/eA8V8J

Facebook Paid No Corporation Tax in UK for Second Straight Year

Research firm eMarketer estimates £371m in revenues for Facebook in UK, compared to reported £49.8m



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w8MdJp October 22, 2014 at 05:28PM http://ift.tt/eA8V8J

Seven Controversial Figures of Internet Freedom: Edward Snowden, Julian Assange and More

NeoMam Studios compiled a list of the most controversial figures of internet freedom.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1x8b2BX October 22, 2014 at 03:56PM http://ift.tt/eA8V8J

Data Storage Maker EMC Buying Most of Cisco's Stake in Joint Venture VCE

EMC will consolidate VCE into its business and add joint venture's sales into its quarterly results



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FAXR2H October 22, 2014 at 01:17PM http://ift.tt/eA8V8J

JPMorgan, UBS and Credit Suisse Fined €94m for Forming Cartels

European Commission fined banks for manipulating Swiss franc derivatives and Libor.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/10lMtaT October 22, 2014 at 12:29PM http://ift.tt/eA8V8J

AbbVie Calls for US Corporate Tax Reform as $55bn Deal with Shire Collapses

CEO Richard Gonzalez said US-based companies at disadvantage to foreign competitors.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DvIy9u October 21, 2014 at 03:20PM http://ift.tt/eA8V8J

Microsoft Sets $84.3m Annual Pay Package for New CEO Satya Nadella

Package is largely comprised of long-term stock awards.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/ZE5XGh October 21, 2014 at 01:12PM http://ift.tt/eA8V8J

China 'Hacked' Apple's iCloud Service to Snoop on Sharing of Hong Kong Protest Images and Videos

Chinese government accused of staging man-in-the-middle (MITM) attack on Apple's iCloud.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1222CTh October 21, 2014 at 12:17PM http://ift.tt/eA8V8J

Total CEO Christophe de Margerie Dies in Moscow Plane Accident

Three crew members also killed as de Margerie's private jet crashes at Vnukovo Airport.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w0dz4v October 21, 2014 at 11:14AM http://ift.tt/eA8V8J

Saudi's Largest National Commercial Bank to Become Fully Islamic in Five Years

Decision comes after Islamic scholars criticised bank for having non-Islamic businesses in connection with its float.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vUyWUA October 20, 2014 at 04:21PM http://ift.tt/eA8V8J

Standard Chartered to Close Thousands of SME Accounts in UAE

Move is part of bank's agreement with US regulator to settle money laundering charges.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qZoLr4 October 20, 2014 at 03:07PM http://ift.tt/eA8V8J

Bitcoin Investment Firm Collapses Due to Alleged Hacking, Management Disappears

Bitcoin arbitrage service Bitcoin Trader suffered hacking attack, according to owner John Carley.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1olthVv October 20, 2014 at 01:12PM http://ift.tt/eA8V8J

Bitcoin Exchange Coinfloor to Allow Trading in US Dollar, Euro and Polish Zloty

Coinfloor will also raise money from investors and start new bitcoin fund.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qYyHAY October 20, 2014 at 12:15PM http://ift.tt/eA8V8J

Twitter Vs Facebook: How the Numbers Stack Up

Facebook has 1.3 billion monthly active users and yearly revenues close to $3bn, compared to Twitter's $312m revenue and 271 million users.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vmjorg October 17, 2014 at 04:26PM http://ift.tt/eA8V8J

Digital Disruption to Remove Many Large Companies from Top 100 List

Only 19 of world's 100 largest companies in 2012 would retain their positions in 2042, according to new book, iDisrupted.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pjup70 October 17, 2014 at 03:43PM http://ift.tt/eA8V8J

Goldman Sachs in Talks to Buy ETF Provider IndexIQ

IndexIQ acquisition part of Goldman strategy to launch series of ETFs..



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/11AtOIz October 17, 2014 at 12:38PM http://ift.tt/eA8V8J

Google Shares Slide as Search Business Suffers Growth Slowdown

Growth in paid clicks was 17% in third quarter, down from 25% in second quarter.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vCSDjI October 17, 2014 at 11:38AM http://ift.tt/eA8V8J

Apple App Store Vs Google Play: Revenue and Downloads

Apple's App Store generates 60% more revenues than Google Play store, despite lower downloads.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1waITKe October 16, 2014 at 04:03PM http://ift.tt/eA8V8J

Huawei Boss Guo Ping Says Growth Undeterred by US Contracts Ban

Huawei has been banned by US from bidding for government contracts on suspicions of industrial espionage.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1u7XIe8 October 16, 2014 at 01:00PM http://ift.tt/eA8V8J

Audit at Garment Factories in Bangladesh Finds Over 80,000 Safety Hazards

Accord on Fire and Building Safety inspected more than 1,100 factories in Bangladesh.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yGhHYl October 16, 2014 at 12:14PM http://ift.tt/eA8V8J

AbbVie Board Asks Shareholders to Reject $55bn Shire Deal

AbbVie calling off Shire deal in response to new tax rules in US.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qA0FTs October 16, 2014 at 11:30AM http://ift.tt/eA8V8J

Shire Stock Plunges 27% as AbbVie Reconsiders $55bn Merger

AbbVie said it would reconsider its takeover offer for UK drugmaker.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sR8GbJ October 15, 2014 at 04:57PM http://ift.tt/eA8V8J

US Pork Industry Launches Online Defence of Antibiotics

PBS Frontline documentary earlier showed widespread use of antibiotics on animals.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vchI3n October 15, 2014 at 03:12PM http://ift.tt/eA8V8J

Barclays Faces Trouble in Selling Index Business

Some data used to support pricing of securities in Barclays indices is not owned by British bank.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1paT3Xn October 15, 2014 at 12:21PM http://ift.tt/eA8V8J

China Faces Deflation Risk as Consumer Prices Fall to Near Five-Year Lows

Consumer price index (CPI) inflation slows to 1.6% year over year in September, lowest level in about five years.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/11m69eT October 15, 2014 at 11:30AM http://ift.tt/eA8V8J

Ireland to End Corporate-Friendly Tax Regime

Ireland will close tax loophole known as 'double Irish' as part of country's next budget.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yy3AEi October 14, 2014 at 03:32PM http://ift.tt/eA8V8J

US Medical and Biotech Stocks Soar as Texas Nurse Contracts Ebola

Ibio, Lakeland, Alpha Pro Tech and Tekmira stocks rise sharply.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1v6ZK2l October 14, 2014 at 01:31PM http://ift.tt/eA8V8J

FSB Sets New Regulations to Address Shadow Banking Risks in Securities Financing

FSB chief Mark Carney says aim is to turn shadow banking into resilient market-based financing.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sED0ah October 14, 2014 at 12:29PM http://ift.tt/eA8V8J

Google Set to Lead $500m Funding Round for 'Cinematic Reality' Firm Magic Leap

Magic Leap is developing hardware and software to deliver 'cinematic reality.'



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wx8Pjh October 14, 2014 at 11:02AM http://ift.tt/eA8V8J

Amazon to Add 1,000 Permanent Jobs in UK on High Demand

Ecommerce giant is also offering four-day work week with 10-hour shifts.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/11dTniB October 13, 2014 at 04:38PM http://ift.tt/eA8V8J

FTSE 100 Directors' Earnings Rise to £2.4m - 120 Times the Average Full-Time Worker

Median total earnings of FTSE 100 company director was £2.4m in fiscal year 2013/2014, according to research firm Incomes Data Services.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sFLcGs October 13, 2014 at 01:25PM http://ift.tt/eA8V8J

Twitter Joins Hands with France's Groupe BPCE for Money Transfer Service

Funds will be transferred using Groupe BPCE's S-Money services.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wqEvqm October 13, 2014 at 12:14PM http://ift.tt/eA8V8J

China Likely to Miss Trade Growth Target Despite Rebound in Imports

Imports rose 7% year-on-year in September, compared to 2.4% decline in August



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1syRYhW October 13, 2014 at 11:22AM http://ift.tt/eA8V8J

Edward Snowden Reunites With Girlfriend Lindsay Mills, Shows Documentary

Citizenfour shows NSA whistleblower and Lindsay Mills together in Moscow.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1snLcKx October 11, 2014 at 12:39PM http://ift.tt/eA8V8J

Microsoft Board Could Address Gender Gap in Pay and 'Boys' Club' Culture

Microsoft CEO Satya Nadella was criticised for his remark that women shouldn't ask for raises.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1s4kfKF October 11, 2014 at 11:15AM http://ift.tt/eA8V8J

GE's Finance Arm in Talks to Buy Helicopter Leasing Firm Milestone

Purchase price for Milestone could be more than $2.5bn, WSJ reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wf3jS3 October 11, 2014 at 10:24AM http://ift.tt/eA8V8J

Sears Suffers Cyber Attack at Kmart Stores, Customers' Card Data Stolen

Retailer believes certain debit and credit card numbers have been compromised in cyber attack.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1swbavV October 11, 2014 at 09:49AM http://ift.tt/eA8V8J

London House Prices: Tiny Flat Worth Cost of Mansion in Spain or US

With a mortgage of £254,000, you can buy 250m² property in Spain, compared to 72m² house in London.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vQMu13 October 10, 2014 at 03:47PM http://ift.tt/eA8V8J

Bill Gross Excited at His 'Simpler Role' at Janus and Start of a 'New Chapter'

Gross talks about his new role at Janus and departure from Pimco.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xwOtrr October 10, 2014 at 12:49PM http://ift.tt/eA8V8J

Symantec to Split into Security and Storage Businesses

Norton antivirus software maker's move aimed at greater focus on security and information management.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qulTkK October 10, 2014 at 12:04PM http://ift.tt/eA8V8J

Satya Nadella Admits His Statement About Women's Pay Hike Was Wrong

Nadella earlier said women in technology should not ask for raises but have faith in the "system".



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1skRXOw October 10, 2014 at 11:41AM http://ift.tt/eA8V8J

Emerging G-7 Economy is Bigger Than Traditional G-7

G-7 group of emerging economies now have combined GDP of $37.8tn at purchasing power parity, compared to $34.5tn for traditional G-7.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yPAAJn October 09, 2014 at 05:19PM http://ift.tt/eA8V8J

Global Economy Could Stall Again on Eurozone and Japan Worries: World Bank Chief Economist

World Bank's chief economist Kaushik Basu said takeoff for global economy is unsure.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1riLYTT October 09, 2014 at 04:41PM http://ift.tt/eA8V8J

Janus Bond Fund Adds $66m on Bill Gross Joining

Janus Global Unconstrained Bond Fund, managed by Bill Gross, attracted $66.42m in net inflows in September.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1siX4xO October 09, 2014 at 01:05PM http://ift.tt/eA8V8J

JP Morgan Hackers Targeted Mutual Fund Firm Fidelity Investments

Fidelity Investments that handles thousands of American retirees' accounts is one of 13 institutions attacked.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sgeJap October 09, 2014 at 11:37AM http://ift.tt/eA8V8J

Bitcoin Venture Capital Investment Falls in Third Quarter as Value Plummets 40%

Venture capital investments in bitcoin totalled $60m in third quarter, down 18% from second quarter, according to CoinDesk.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yMn89a October 08, 2014 at 04:30PM http://ift.tt/eA8V8J

KFC Owner Cuts Profit Predictions on China Food Scandal

Yum Brands currently estimates yearly earnings per share growth between 6% and 10%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vTnQvo October 08, 2014 at 03:23PM http://ift.tt/eA8V8J

Three Novartis Executives to Leave After Eli Lilly and GSK Deals

George Gunn, Brian McNamara and Andrin Oswald, members of Novartis executive committee, will leave firm.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1y57pR8 October 08, 2014 at 02:02PM http://ift.tt/eA8V8J

Vodafone Remains Top Contender as Swisscom Mulls €5bn Fastweb Sale

Swisscom is working with UBS bank to facilitate sale of Fastweb, Reuters reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vSRgtG October 08, 2014 at 01:18PM http://ift.tt/eA8V8J

Banks Agree to Overhaul Rules Governing $700tn Derivatives Market

18 major banks have agreed to give up right to 'close out' deals on derivatives contracts if financial institutions run into trouble.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1v05Ano October 08, 2014 at 12:33PM http://ift.tt/eA8V8J

Yahoo Lays Off 400 India Staff but Offers US Jobs to Some

Move is part of CEO Marissa Mayer's effort to bring teams together to improve quality of Yahoo's products.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tyTZpI October 08, 2014 at 11:26AM http://ift.tt/eA8V8J

McDonald's Japan to Post First Loss in 11 Years After Food Security Scare

Company forecast net loss of 17bn yen and operating loss of 9.4bn yuan for year ending on 31 December.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uUOxTM October 07, 2014 at 02:28PM http://ift.tt/eA8V8J

EU to Probe Luxembourg's 'Sweetheart Tax Deal' with Amazon

Amazon allegedly benefited from decade-long illegal state subsidies in Luxembourg.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pK8V33 October 07, 2014 at 11:50AM http://ift.tt/eA8V8J

JP Morgan Hackers 'Probed' for Vulnerabilities at Other Institutions

Financial institutions told authorities that they had seen traffic from suspect computer addresses linked to hackers.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1s6jVxs October 07, 2014 at 11:05AM http://ift.tt/eA8V8J

FBI Director: Every US Company a Victim of Hacking by China

James Comey says state-backed hackers in China are stealing corporate secrets worth billions of dollars.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vIJwwr October 06, 2014 at 04:34PM http://ift.tt/eA8V8J

Becton Dickinson to Acquire CareFusion for $12.2bn as US Healthcare Sector Consolidates

M&A activity in the US healthcare sector topped $346bn so far in 2014, compared to $212bn in the same period last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xV41It October 06, 2014 at 02:23PM http://ift.tt/eA8V8J

Samsung Plans to Build $14.7bn Chip Plant in South Korea

Seoul plant part of Samsung's new strategy for semi-conductor business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/10DRqM1 October 06, 2014 at 01:06PM http://ift.tt/eA8V8J

HP Plans to Split Business into Two

Company would separate personal-computer and printer businesses from corporate hardware and services operations, WSJ reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xfOP5A October 06, 2014 at 11:18AM http://ift.tt/eA8V8J

Samsung Paid More Than $1bn in Royalty Fees to Microsoft in 2013

Microsoft is demanding $6.9m interest from Samsung for late payment.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/10tXFlD October 04, 2014 at 02:25PM http://ift.tt/eA8V8J

Bitcoin is Key Technology And Better Than Currency: Bill Gates

Bitcoin finds another prominent advocate in Microsoft founder Bill Gates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ulELbL October 04, 2014 at 12:32PM http://ift.tt/eA8V8J

Singapore's GIC to Take Part in £1bn Acquisition of Aberdeen, Glasgow and Southampton Airports

GIC will join Spanish infrastructure giant Ferrovial and Australian bank Macquarie in acquisition of regional airports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1n1PPcI October 04, 2014 at 12:01PM http://ift.tt/eA8V8J

Yahoo Plans Investment in Snapchat Valuing Messaging App at $10bn

Yahoo looking for profitable ways to utilise proceeds from Alibaba IPO.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/ZEcG40 October 04, 2014 at 11:17AM http://ift.tt/eA8V8J

BP Files Motion to Reconsider 'Gross Negligence' Ruling in Deepwater Horizon Oil Spill Case

Company says Judge Carl Barbier had relied on evidence that had been excluded from trial.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rSftkK October 03, 2014 at 03:40PM http://ift.tt/eA8V8J

Goldman Sachs Plans to Launch Infrastructure Fund

New fund likely to have global focus with investments in infrastructure assets such as airports, power grids and toll roads.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rDuV5h October 03, 2014 at 03:26PM http://ift.tt/eA8V8J

Nobel Peace Prize Top Contenders: Japanese Anti-War Group and Edward Snowden

Other possible candidates are Russian newspaper Novaya Gazeta, Denis Mukwege and Malala Yousafzai.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/YW50c5 October 03, 2014 at 02:23PM http://ift.tt/eA8V8J

JP Morgan Data Breach Affects 76 Million Households

Executives at bank earlier believed only one million accounts were affected.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rCXPCw October 03, 2014 at 01:02PM http://ift.tt/eA8V8J

Pimco Unaffected by Bill Gross's Departure: CEO

Pimco's 'DNA is fundamentally unchanged,' says CEO Doug Hodge.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rCFt4v October 03, 2014 at 11:16AM http://ift.tt/eA8V8J

Google Could Be Sued Over Nude Celebrity Photo Leaks

Lawyers representing Jennifer Lawrence, Kate Upton, Rihanna and others reportedly threaten to sue Google for $100m.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xF3qdO October 02, 2014 at 03:27PM http://ift.tt/eA8V8J

Virgin Money IPO Restricted to Institutional Investors

Richard Branson's banking arm not to offer stock to retail investors.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oD1tXf October 02, 2014 at 01:36PM http://ift.tt/eA8V8J

Argentine Central Bank Chief Resigns After Apparent Clash with President Cristina Kirchner

Argentine central bank governor, Juan Carlos Fabrega, quits amid debt crisis.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1x0YU6s October 02, 2014 at 10:45AM http://ift.tt/eA8V8J

Pimco Investors Withdraw Record $23.5bn from Total Return Fund After Bill Gross's Exit

Largest daily outflow from bond fund occurred on day of Gross's resignation.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sO9mA8 October 02, 2014 at 09:34AM http://ift.tt/eA8V8J

India and US Look to Boost Trade Five-Fold to $500bn

Narendra Modi and Obama pledged to deepen economic cooperation between countries and foster business investment.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pFpLiC October 01, 2014 at 02:30PM http://ift.tt/eA8V8J

Japanese Manufacturers Plan Big Spending Boost Betting on Yen's Weakness

Tankan survey found large companies are set to increase capital expenditure by 8.6% in year through March 2015.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1v3Q7z0 October 01, 2014 at 01:55PM http://ift.tt/eA8V8J

Huge Fat Finger Error Worth $617bn Hits Japan Market

Orders for shares in 42 companies totalling 67.78tn yen were cancelled.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1v3yBuG October 01, 2014 at 12:18PM http://ift.tt/eA8V8J

Argentina Ignores US Court Order and Deposits Debt Payment with Local Bank

Country deposits $161m towards interest payments with newly appointed local trustee Nacion Fideicomisos.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rKwhKs October 01, 2014 at 11:11AM http://ift.tt/eA8V8J

US Set to Overtake Saudi Arabia in Liquid Petroleum Production

US petroleum production has been steadily increasing due to shale boom.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tdydHI September 30, 2014 at 04:41PM http://ift.tt/eA8V8J

Costs of War Against Isis Could Reach $1.8bn Per Month

US-led military operation cost between $780m and $930m through 24 September, according to Washington-based CSBA.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uZ5rg8 September 30, 2014 at 02:08PM http://ift.tt/eA8V8J

Argentina Held in Contempt by US Judge For Flouting Court Order

US Federal Judge Thomas Griesa warn Argentina must stop efforts to overcome his rulings by making payments locally.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/10i2IW3 September 30, 2014 at 11:58AM http://ift.tt/eA8V8J

iPhone 6 Approved for Sale in China after Apple Addresses Security Issues

China's Ministry of Industry and Information Technology issues licence for iPhone 6.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mJuTaz September 30, 2014 at 11:13AM http://ift.tt/eA8V8J

Shanghai FTZ Helps China Apply 21 Liberal Measures in First Year

China launched Shanghai FTZ in September 2013 to test a range of economic reforms, especially in financial sector.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vovkZ9 September 29, 2014 at 04:17PM http://ift.tt/eA8V8J

Shell and BP Competing for Giant Oil Deal in Abu Dhabi

There were about 11 international companies competing for Abu Dhabi oilfields.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/YAAEw4 September 29, 2014 at 02:22PM http://ift.tt/eA8V8J

Hong Kong's Hang Seng Falls 2% Amid Occupy Central Protests

Hong Kong's political movement demanding 'civic nomination' is expected to hit financial, tourism and retail sectors, say analysts.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rv4xYB September 29, 2014 at 01:08PM http://ift.tt/eA8V8J

Microsoft CEO Satya Nadella Meets China's SAIC to Discuss Antitrust Probe

Nadella promises Microsoft's cooperation with Chinese watchdog in antitrust probe.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Buefgy September 29, 2014 at 12:32PM http://ift.tt/eA8V8J

Apple Could Be Fined Billions of Euros by Brussels Over Special Tax Arrangements with Irish Government

European Commission would accuse Apple of prospering from illegal tax deals with Irish government.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vnpTd5 September 29, 2014 at 11:00AM http://ift.tt/eA8V8J

Argentina Faces Contempt Hearing in US and $50,000 Fine Per Day

Hearing is over Argentina's failure to follow court order to continue to pay holders of its restructured debt.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DGfPzB September 27, 2014 at 10:26AM http://ift.tt/eA8V8J

US Economy Shows Fastest Growth in More Than Two Years

US Q2 growth revised up to 4.6% on higher exports and business investment.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/YnR4ay September 27, 2014 at 10:15AM http://ift.tt/eA8V8J

iPhone 6: Box Loads of Smuggled Apple Smartphones Seized in Hong Kong Raid

Apple iPhone 6 models smuggled via Hong Kong are sold at premium in China.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1v87a58 September 26, 2014 at 03:54PM http://ift.tt/eA8V8J

Apple Suffers $23bn Loss Over iOs Glitch, 'Bendgate' and iCloud Security

Apple shares declined 3.81% on 25 September.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1v7LPIZ September 26, 2014 at 02:17PM http://ift.tt/eA8V8J

Lloyds Sells Additional 11.5% Stake in TSB for £161m

Bank launches accelerated book building process to sell 57.5 million shares in TSB to institutional investors.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1riVUTs September 26, 2014 at 12:22PM http://ift.tt/eA8V8J

Nike Profit Jumps on Strong Demand for Brand During World Cup

Profit rose 23% to $962m in fiscal first quarter, as revenues increased 15% to $8bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/YfSN1K September 26, 2014 at 10:55AM http://ift.tt/eA8V8J

Mars Mission to Lift India as New Space Business Power

Business potential seen in commercial launch and hiring of satellites and rockets.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1u1nULg September 25, 2014 at 04:58PM http://ift.tt/eA8V8J

RBS's Citizens Financial Closes up 7.3% on Debut Trading Day

RBS earlier priced Citizens shares at $21.5 in US IPO, below expected price range between $23 and $25.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1urxRD9 September 25, 2014 at 01:51PM http://ift.tt/eA8V8J

Shire in $56.5m Settlement with US Justice Department over Marketing Practices

Irish drugmaker allegedly overstated efficacy of five drugs, including attention deficit disorder drugs Adderall XR and Vyvanse.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qx65NU September 25, 2014 at 12:51PM http://ift.tt/eA8V8J

UK Car Production Falls 22% on Summer Shutdowns

In August, Britain produced 71,065 cars, compared to 91,282 in same month last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1urclyh September 25, 2014 at 12:19PM http://ift.tt/eA8V8J

London Becomes Most Expensive City to Locate Employees on Soaring Rents and Strong Pound

Cost of renting accommodation and leasing office space per individual employee had risen to £73,800-a-year in London.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sZ1d63 September 25, 2014 at 11:40AM http://ift.tt/eA8V8J

India's Lodha Group Eyes $5bn Investment in London Real Estate

Lodha Group says it has enough cash flows to meet its expansion plans.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xdND5D September 24, 2014 at 03:25PM http://ift.tt/eA8V8J

India's Tata Group Plans E-Commerce Venture Modelling on Alibaba's Success

Group is planning online marketplace model, which helped Alibaba become immensely successful.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vfKfTH September 24, 2014 at 02:13PM http://ift.tt/eA8V8J

Pfizer Approaches Actavis for Possible Takeover Deal after Failed AstraZeneca Bid

Pfizer is yet to make offer for Actavis and they are not engaged in formal talks, Bloomberg reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1soyLjL September 24, 2014 at 01:13PM http://ift.tt/eA8V8J

Pimco's Bill Gross Questioned as Total Return ETF Faces SEC Scrutiny

SEC is probing if Pimco Total Return exchange-traded fund artificially inflated returns.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uXZ6Up September 24, 2014 at 12:11PM http://ift.tt/eA8V8J

Starbucks to Fully Own High-Margin Japan Unit for $914m

Starbucks will buy 60.5% stake of Starbucks Japan from its partner Sazaby League and public shareholders.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1r7w2cY September 24, 2014 at 11:09AM http://ift.tt/eA8V8J

Philips to Split into Two Firms Focusing on Lighting and Healthcare

Lighting division will have separate legal structure.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uCmIM5 September 23, 2014 at 03:36PM http://ift.tt/eA8V8J

Pepper Australia in Advanced Talks to Acquire Standard Chartered's Hong Kong Consumer Finance Unit

Sale of PrimeCredit unit could fetch between $500m and $700m to Standard Chartered.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mHAlLi September 23, 2014 at 02:35PM http://ift.tt/eA8V8J

Ukraine Crisis Could Push Europe into Recession says Ex-Pimco Boss El-Erian

El-Erian warns of increasing sanctions and counter sanctions between Russia and the West



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1x5iW2z September 23, 2014 at 01:28PM http://ift.tt/eA8V8J

Citigroup Seeks to Halt US Order on Argentina Debt as Bank Fears Penalties and Sanctions

Citigroup says it had "a gun to its head" which would "probably go off" if US court did not allow payment of blocked funds.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vaTZhQ September 23, 2014 at 12:05PM http://ift.tt/eA8V8J

BHP Billiton Mitsubishi Alliance Cuts 700 Jobs in Australia Amid Coal Mining Downturn

Joint venture cuts 700 coal mining jobs in central Queensland citing challenging market conditions.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uUamkO September 23, 2014 at 11:03AM http://ift.tt/eA8V8J

Climate Change Decimates Spending in Sub-Saharan Africa

Costs for climate change take large share of public spending in countries such as Ethiopia, Tanzania and Uganda.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uY02am September 22, 2014 at 03:08PM http://ift.tt/eA8V8J

Tesco Shares Plunge 11% after £250m Overstatement in Profit Forecast

Tesco is working to find out extent of issues and what impact they will have on full year results.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mzzxYQ September 22, 2014 at 12:56PM http://ift.tt/eA8V8J

Bank of America Shares Forecast to Surge 50% by 2017 as Era of Litigation Costs Ends

Bank's earnings per share would increase to $2 by 2017, compared to estimated $0.75 in 2014, according to Barron's.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uvFCEk September 22, 2014 at 12:51PM http://ift.tt/eA8V8J

Siemens to Acquire Dresser-Rand for $7.6bn to Benefit from US Shale Gas Boom

Dresser-Rand makes compressors and turbines serving oil and gas industry.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uvnABY September 22, 2014 at 11:19AM http://ift.tt/eA8V8J

Texas Man Fined for Running Bitcoin Ponzi Scheme

Bitcoin Savings and Trust and its owner Trendon Shavers fined $40.7m.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Z0ScCd September 20, 2014 at 01:01PM http://ift.tt/eA8V8J

GlaxoSmithKline China Ex-Boss Mark Reilly to Be Deported to UK after Guilty Plea

Mark Reilly, given three-year suspended prison sentence by Chinese court, not to face jail time.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/XyWMGg September 20, 2014 at 11:18AM http://ift.tt/eA8V8J

GSK Statement of Apology to the People of China - Full Text

GSK posts apology on its China website after its China subsidiary found guilty of bribery.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p3jL3B September 19, 2014 at 02:43PM http://ift.tt/eA8V8J

GlaxoSmithKline Fined £297m in China for Bribery

GSK's China subsidiary was found guilty of bribing non-government personnel for commercial gains.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tuFHtM September 19, 2014 at 02:39PM http://ift.tt/eA8V8J

Scottish Independence: Scotland is Seventh Nation to Vote Against Independence Since World War II

While some 22 countries voted Yes, seven voted No in various independence referendums since Second World War.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uZ1Cbj September 19, 2014 at 12:54PM http://ift.tt/eA8V8J

SAP to Buy Expense Tracking Software Firm Concur Technologies for $7.3bn

Deal valued at $129 per share, representing 20% premium to closing price on 17 September.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1r5WpxJ September 19, 2014 at 12:00PM http://ift.tt/eA8V8J

Microsoft Cuts 2,100 Jobs: Tech Giant to Shut Down Silicon Valley Research Lab in Second Round

Microsoft has already laid off around 13,000 of its staff, primarily from Nokia phone division.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qQ3gxm September 19, 2014 at 11:22AM http://ift.tt/eA8V8J

China's Home Price Decline Extends to More Cities

Hangzhou sees fastest pace of drop followed by Beijing and Shanghai.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1r1NVJ3 September 18, 2014 at 05:34PM http://ift.tt/eA8V8J

China to Invest $20bn in Indian Infrastructure Projects

Asian economic powerhouses sign five-year trade agreement during President Xi Jinping's India visit.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qNrxnU September 18, 2014 at 04:50PM http://ift.tt/eA8V8J

Asian Billionaires Witness Fastest Growth in Combined Wealth

Combined wealth of Asian billionaires grew 18.7% to $1.41tn from last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BP4FGQ September 18, 2014 at 02:15PM http://ift.tt/eA8V8J

Shrinking Supply Not to Hurt Diamond Business: De Beers

Diamonds are expected to become more expensive with global production set to decline starting from 2020.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1me6OIU September 18, 2014 at 12:29PM http://ift.tt/eA8V8J

Sky Deutschland Tells Shareholders to Reject BSkyB Offer

BSkyB's deal with Sky Deutschland was cleared by EU last week.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tdkcxt September 17, 2014 at 04:19PM http://ift.tt/eA8V8J

NASA Calls on Boeing and Elon Musk's SpaceX to Develop Space Taxis

Companies win lucrative contracts to provide NASA with space transport system



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1t9ljOX September 17, 2014 at 03:12AM http://ift.tt/eA8V8J

China Pumps 500bn Yuan into Banking Sector to Boost Growth

Top five lenders will get 100bn yuan (£10bn) each in China's latest stimulus.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/XAPyBL September 17, 2014 at 01:42PM http://ift.tt/eA8V8J

US Fed Warns Credit Suisse Over Risky Loans

Bank recently received letter from Federal Reserve, known as Matters Requiring Immediate Attention.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/XABet2 September 17, 2014 at 12:54PM http://ift.tt/eA8V8J

OECD Unveils Measures to Tackle Tax Avoidance by Multinational Companies

OECD recommends implementation of Base Erosion and Profit Shifting Project (BEPS).



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wC2p5N September 17, 2014 at 11:16AM http://ift.tt/eA8V8J

PayPal Unit Selects Coinbase to Provide Bitcoin Payment Option to Merchants

PayPal unit Braintree will start accepting bitcoin payments in coming months.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rzCyEv September 09, 2014 at 04:22PM http://ift.tt/eA8V8J

Bitcoin Founder Satoshi Nakamoto's Email Account Taken Over by Hacker

Satoshi Nakamoto's email account compromised, and hacker claims he has full information about him.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pKNYUf September 09, 2014 at 04:11PM http://ift.tt/eA8V8J

Home Depot Suffers Security Breach Similar to Target

Data breach is expected to rival Target Corp's massive data theft in 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/WKUunp September 09, 2014 at 02:34PM http://ift.tt/eA8V8J

Morgan Stanley Pays $95m to Settle Mortgage Backed Securities Lawsuit

Plaintiffs accused bank of making false and misleading claims about securities.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qbh4Ci September 09, 2014 at 02:02PM http://ift.tt/eA8V8J

SAC Ex-Trader Mathew Martoma Gets Nine Years for Insider Trading

Martoma made use of tips he received about clinical trial for Alzheimer's drug to gain from pharma stocks.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BoRH2m September 09, 2014 at 01:42PM http://ift.tt/eA8V8J

GSK's China Consumer Healthcare Unit was Probed by US Authorities

GSK in 2012 conducted focused investigation into specific people and suppliers in China in connection with US probe.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lSwqej September 09, 2014 at 12:36PM http://ift.tt/eA8V8J

BP Deep Water Verdict Undermines Confidence in 'Fair Resolution of Disputes' States UK Government

British government sent letter to US Supreme Court backing troubled oil giant BP.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lQIfS4 September 08, 2014 at 04:52PM http://ift.tt/eA8V8J

Apple Hires Famous London-Based Designer Marc Newson Ahead of iWatch Launch

Newson was named by Time magazine in 2005 as one of world's 100 most influential people.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tl9ORR September 08, 2014 at 04:11PM http://ift.tt/eA8V8J

More Than $400bn Illegally Flowed Out of Brazil in Last 53 Years - Report

Average illegal outflows jumped to $33.7bn over 2010-2012 period.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/WDV1HB September 08, 2014 at 01:43PM http://ift.tt/eA8V8J

GM Plans to Launch New Cadillac with Automated Steering, Acceleration and Braking

GM is planning to launch Cadillac models with hands-free automated driving system and vehicle-to-vehicle communication systems within two years.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CHTbq9 September 08, 2014 at 12:36PM http://ift.tt/eA8V8J

Argentina Discussing Currency Swap with China to Arrest Depletion in US Dollar Reserves

Argentina's central bank chief, Juan Carlos Fabrega, met with his Chinese counterpart to discuss a currency swap deal worth billions of dollars.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rZLkPT September 08, 2014 at 12:05PM http://ift.tt/eA8V8J

Automotive Workshop Run by Inmates Opens at India's Tihar Jail

Small scale automotive workshop will initially employ 30 to 35 inmates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Bi5V5a September 06, 2014 at 04:09PM http://ift.tt/eA8V8J

Bitcoin: Chinese Yuan Overtakes US Dollar in Trading Volume

More than 70% of bitcoin transactions done over last 30 days came from trades denominated in yuan, according to statistics.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qvlSl0 September 06, 2014 at 03:40PM http://ift.tt/eA8V8J

EU Leaders Agree on New Russian Sanctions Targeting Gazprom Bank and Gazprom Neft

Latest sanctions include credit restrictions and export bans on Russian companies, and travel bans and asset freezes on officials.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xovraw September 06, 2014 at 02:48PM http://ift.tt/eA8V8J

Wal-Mart to Take up Exiting Carrefour's Three Indian Stores

Wal-Mart will replace Carrefour's wholesale stores in Delhi, Jaipur and Agra with its own.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pWok4Q September 06, 2014 at 01:23PM http://ift.tt/eA8V8J

Amazon India Faces Regulatory Probe Over Alleged Violation of Retail FDI Rules

Regulators are looking into whether Amazon violated rules by selling directly to consumers.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tc9THz September 06, 2014 at 01:02PM http://ift.tt/eA8V8J

Alibaba's Expected IPO Price Range Indicates Company Valuation up to $163bn

Alibaba expects to price its shares between $60 and $66 apiece.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xo1Mhv September 06, 2014 at 11:50AM http://ift.tt/eA8V8J

Tor Browsers, VPNs and Proxies - Smart Workarounds to Beat Internet Censorship are all the Rage

Virtual Private Networks or the Tor Browser Bundle and are increasingly used to beat government censorship of the Internet.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BfMvOu September 05, 2014 at 04:46PM http://ift.tt/eA8V8J