World's Top 5 Startups Based on Valuation

Airbnb, Xiaomi and Dropbox are at top of the list, each worth around $10bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fxJvpF April 30, 2014 at 07:13PM http://ift.tt/eA8V8J

Heritage Oil Soars 22% on £924m Takeover Offer From Qatari Fund

Al Mirqab Capital agrees to acquire the UK oil company for 320 pence per share.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pNU7p1 April 30, 2014 at 05:52PM http://ift.tt/eA8V8J

China Overtaking US as World's Largest Economy in 2014

The World Bank said China's purchasing power parity was 20% higher than earlier thought



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hU3FEY April 30, 2014 at 03:06PM http://ift.tt/eA8V8J

China's WH Group Scraps Hong Kong IPO on Weak Investor Demand

Senior executives resisted selling shares at low end of IPO price range, according to Bloomberg.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hTVCYM April 30, 2014 at 02:26PM http://ift.tt/eA8V8J

Twitter Shares Plunge Below Stock Market Debut Level on Disappointing User Growth

Active number of users rose 5.8% on-quarter to 255m, but growth was below analysts' estimates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1n08QIV April 30, 2014 at 01:50PM http://ift.tt/eA8V8J

Most Chinese Provinces Miss Yearly Growth Targets

Central government wants provinces to focus on huge debt and pollution issues rather than local economic growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pJFBOW April 29, 2014 at 06:42PM http://ift.tt/eA8V8J

Tokyo Facing Added Pressure to Stop Liquidation of Bitcoin Exchange MtGox

A group of bitcoin entrepreneurs looking to revive MtGox have received support from more creditors.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1m5Vwpv April 29, 2014 at 04:52PM http://ift.tt/eA8V8J

Disney Boosts Investment in Shanghai Resort In Line With China Tourism Boom

Disney and its Chinese partner boosted investment in Shanghai Disney Resort by $800m to $5.44bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nBspK8 April 29, 2014 at 03:36PM http://ift.tt/eA8V8J

BP Profits Up 15% but Stake in Rosneft Suffers as US Sanctions Hit Rouble

BP recorded better-than-expected profit for first quarter and increased its quarterly dividend.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mUEojv April 29, 2014 at 03:00PM http://ift.tt/eA8V8J

Pfizer's Possible $100bn Deal With AstraZeneca Sparks Tax Dodging Concerns in US

US is likely to lose tax revenue from Pfizer, if deal is concluded.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1knL5cI April 29, 2014 at 01:36PM http://ift.tt/eA8V8J

Goodman Fielder Rejects 'Opportunistic' $1.2bn Offer From Wilmar and First Pacific

Singapore's Wilmar and Hong Kong's First Pacific offered to take Australian food company private for $1.2bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hGL3N2 April 28, 2014 at 05:32PM http://ift.tt/eA8V8J

AstraZeneca Smacks Down Pfizer's $100bn Merger Bid

AstraZeneca confirmed its discussions with Pfizer over potential merger, but said terms were unattractive.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1h6i29M April 28, 2014 at 05:10PM http://ift.tt/eA8V8J

AstraZeneca Shares Soar 14% As Pfizer Confirms Merger Attempt

Pfizer confirms it had unsuccessfully held merger discussions with AstraZeneca, and was seeking other options.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mQ2w6K April 28, 2014 at 02:54PM http://ift.tt/eA8V8J

Billionaire Bill Gates Urges Chinese to Invest More in Poor

China is giving less for charity despite a large number of billionaires.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1it2M6h April 28, 2014 at 02:31PM http://ift.tt/eA8V8J

Bitcoin Slips to About $420 as BTC China Halts Transactions to Merchants Bank Accounts

BTC China is largest bitcoin exchange in China, handling more than 75% of trades.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mPNsWP April 28, 2014 at 01:05PM http://ift.tt/eA8V8J

Buy-to-Let Baron Fergus Wilson Benefits From 350% Property Price Growth Over 19 Years

Fergus Wilson and his wife became renowned landlords in Britain with portfolio of about 1,000 properties.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jQhSEo April 26, 2014 at 04:43PM http://ift.tt/eA8V8J

RBS Ex-chairman George Mathewson Slams Big Banker Bonuses

UK government had earlier blocked RBS move to boost bonuses to twice the value of executive salaries.



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

Boris Johnson's Office to Get Ofgem Licence to Sell Energy in London

Energy for London to buy power and sell it to Transport for London and the Metropolitan police.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gZzKf0 April 26, 2014 at 02:44PM http://ift.tt/eA8V8J

US Authorities Expanding Probe Into Companies' Hiring Practices in Asia

Justice Department and SEC probing other companies following Qualcomm's case in China.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iY83HQ April 26, 2014 at 01:02PM http://ift.tt/eA8V8J

Egdon Raises UK Shale Gas Resource Estimate 10-Fold

Independent review finds reserves of 18 trillion cubic feet under Egdon's UK shale gas licences.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/QElCl6 April 25, 2014 at 05:07PM http://ift.tt/eA8V8J

Rajeev Suri to Head New Nokia

Nokia will name Indian-born Suri as CEO along with its first-quarter results.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jZVSIz April 25, 2014 at 04:01PM http://ift.tt/eA8V8J

Starbucks Reports First Ever UK Sales Drop

Starbucks faced severe criticism in the UK for its controversial tax schemes.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mGvd5X April 25, 2014 at 03:05PM http://ift.tt/eA8V8J

Visa Projects Slower Revenue Growth on Strong Dollar and Russia Sanctions

Visa stopped providing services to two Russia-based banks as part of US' sanctions on country after dispute over Ukraine.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1laE1kP April 25, 2014 at 01:50PM http://ift.tt/eA8V8J

Google, Apple, Intel and Adobe Settle Lawsuit Alleging Conspiracy to Suppress Salaries

Companies allegedly conspired to refrain from soliciting one another's employees in order to avert a salary war.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ik6But April 25, 2014 at 12:57PM http://ift.tt/eA8V8J

Bitcoin Exchange MtGox to Begin Liquidation Process

Tokyo District Court orders commencement of bankruptcy proceedings for Mark Karpeles' company



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/RO5zCe April 24, 2014 at 05:43PM http://ift.tt/eA8V8J

South Korea Records Steady Economic Growth on Strong Exports

South Korean economy expands by 3.9% in first quarter from a year earlier, beating forecasts.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jTqRG8 April 24, 2014 at 05:08PM http://ift.tt/eA8V8J

Up to 25% of Electronic Trade on LME Comes From Asia: CEO Garry Jones

Jones discloses Asian trade data for first time at conference in Hong Kong.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hnivb7 April 24, 2014 at 03:06PM http://ift.tt/eA8V8J

Warren Buffett Still Wary Of Most Tech Stocks

Buffett says he would buy 'very few' technology stocks, but sees no bubble.



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

Facebook Revenues up 72% as Social Network Goes More Mobile

Mobile advertising revenue now represents more than half of Facebook's total revenue.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iPhoS9 April 24, 2014 at 01:55PM http://ift.tt/eA8V8J

Apple Announces $30bn Share Buyback and 8% Dividend Boost to Please Investors

Apple has been under pressure from its investors including billionaire Carl Icahn to boost its share buyback programme.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1l5dmWF April 24, 2014 at 12:55PM http://ift.tt/eA8V8J

Yuan Declines to 16-Month Low as China Manufacturing Keeps Shrinking

Flash China manufacturing PMI stood at 48.3 in April, compared to 48.0 in March.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jLL0xO April 23, 2014 at 07:11PM http://ift.tt/eA8V8J

Former GM CEOs Should be Questioned Over Ignition Switch Defect, Says US Senator

Ignition switch defect in GM vehicles resulted in at least 13 deaths and millions of car recalls globally.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hobcM6 April 23, 2014 at 06:31PM http://ift.tt/eA8V8J

BP Sells Interests in Four Alaskan Oilfields in $10bn Cash-Raising Effort

BP has agreed to sell all of its interests in the Endicott and Northstar oilfields and 50% interest in each of the Liberty and Milne Point fields.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nonjAX April 23, 2014 at 06:12PM http://ift.tt/eA8V8J

Bitcoin Community Donates $23,000 to Dorian Nakamoto After Newsweek Saga

A Newsweek magazine feature had claimed Dorian Nakamoto was the creator of bitcoin.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hhrsms April 23, 2014 at 04:38PM http://ift.tt/eA8V8J

Allergan Resists $47bn Takeover by Valeant and Bill Ackman With 'Poison Pill'

Valeant Pharmaceuticals and activist investor Bill Ackman launched unsolicited offer to acquire Allergan.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rj9SBv April 23, 2014 at 04:20PM http://ift.tt/eA8V8J

Apple Squeezed for New Breakthrough Product as iPhone and iPad Sales Go Flat

Analyst predict weak results for Apple in fiscal second quarter.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hnEV7L April 23, 2014 at 03:23PM http://ift.tt/eA8V8J

Minmetals Profits Down 94% As China Rare Earth Industry Suffers from Price War

China Minmetals Rare Earth profits declined 94.1% to 1.6m yuan for quarter ended in March 2014.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lyWeH3 April 22, 2014 at 06:57PM http://ift.tt/eA8V8J

China Reopens IPO Floodgates with Listing Plans for 46 Firms

China has frozen its IPO market since November 2012.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fjOZ1S April 22, 2014 at 06:16PM http://ift.tt/eA8V8J

Japan Revamps $1.26tn World's Largest Pension Fund

Fund cuts dependence on low-yielding government bonds and allows investing in riskier assets.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jBGIJd April 22, 2014 at 04:54PM http://ift.tt/eA8V8J

China Warns of Illegal P2P Lending and Crowd Funding Loopholes

China's internet finance boom is also helping lawbreakers with loopholes.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1haCdqy April 22, 2014 at 03:46PM http://ift.tt/eA8V8J

MtGox CEO Mark Karpeles Was Never Dishonest: Mother

CEO of bankrupt bitcoin exchange MtGox was a poor communicator who was easily led, says mother.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rd5QL7 April 22, 2014 at 02:51PM http://ift.tt/eA8V8J

MtGox's Mark Karpeles Was Indifferent to Bitcoin Exchange's Commercial Success

Karpeles wanted to control key operations of MtGox, despite its high growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fiPoli April 22, 2014 at 01:57PM http://ift.tt/eA8V8J

Economic Case for Scottish Independence Not Made: CBI's John Cridland

UK and Scotland economies would be stronger if they remain together, says CBI director general Cridland.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1i8n44Y April 21, 2014 at 05:50PM http://ift.tt/eA8V8J

Qatar Reduces Number of 2022 World Cup Stadiums as Scandals Hit Reputation

Qatar cuts number of stadiums by third due to project delays and cost overruns.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1i8aP8r April 21, 2014 at 03:42PM http://ift.tt/eA8V8J

Japan's Trade Deficit Quadruples as Imports Surge Ahead of Sales Tax Hike

Yen's depreciation against US dollar also boosts cost of imports, while export growth slows down.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1feUC1g April 21, 2014 at 01:54PM http://ift.tt/eA8V8J

Pfizer 'Held' Talks for $100bn Takeover of AstraZeneca

There were informal talks between companies, but AstraZeneca declined, according to Sunday Times.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1r78Ete April 21, 2014 at 01:03PM http://ift.tt/eA8V8J

HMRC to Sell UK Taxpayers' Data to Private Firms

HMRC officials are examining 'charging options' to release anonymised tax data to third parties, says Guardian.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jii3t3 April 19, 2014 at 03:59PM http://ift.tt/eA8V8J

Ofgem to Investigate British Gas over Sale Staff Bonuses

There were allegations that British Gas encouraged its sales staff to sell high-priced tariffs for bonuses.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hWiCMt April 19, 2014 at 01:05PM http://ift.tt/eA8V8J

Research Finds 'Fundamental Mistrust' of Bitcoin Among UK Consumers

Survey by e-commerce solutions provider Venda found 71% of UK consumers unwilling to use bitcoin for online shopping.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1l79Tcr April 17, 2014 at 06:44PM http://ift.tt/eA8V8J

China Economy Faring Well and Faces No Hard-Landing Despite Weak Data

Ministry spokesman Shen Danyang says economy is in good shape with stable domestic and external conditions.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1eCmBx5 April 17, 2014 at 03:00PM http://ift.tt/eA8V8J

Bitcoin Exchange MtGox Placed in Provisional Administration

It would be difficult for the company to carry out the civil rehabilitation proceedings, according to administrator.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1l1hzwN April 16, 2014 at 06:39PM http://ift.tt/eA8V8J

US Wage Rates Rise as Labour Market Tightens in Many Metros

States including Texas, Virginia and Nebraska are raising wages due to competition for workers.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hIHsyk April 16, 2014 at 04:30PM http://ift.tt/eA8V8J

MtGox Abandons Rebuilding Plans as Bitcoin Exchange Files for Liquidation

The collapsed bitcoin exchange MtGox has filed for liquidation according to a report by the Wall Street Journal.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1l0qUVD April 16, 2014 at 02:14PM http://ift.tt/eA8V8J

Zebra Technologies to Buy Motorola's Enterprise Business For $3.45bn

Zebra will fund all-cash transaction through cash on hand and new debt.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1l1pzJQ April 15, 2014 at 06:24PM http://ift.tt/eA8V8J

Infosys Revenue Outlook Lags Behind India's IT Sector

Infosys expects revenue growth in range of 7 to 9% for ongoing fiscal year on increased IT spending by US and European firms.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iljRn4 April 15, 2014 at 05:48PM http://ift.tt/eA8V8J

MtGox CEO Mark Karpeles 'Not Willing to Travel to US' for Bankruptcy Trial

CEO collapsed bitcoin exchange is facing at least two summons in US over MtGox bankruptcy.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p67MY1 April 15, 2014 at 04:15PM http://ift.tt/eA8V8J

China's WH Group Awards $600m to Two Top Executives as Part of Hong Kong IPO

Executives rewarded for their help in acquiring US-based Smithfield Foods.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iSsTWt April 15, 2014 at 04:02PM http://ift.tt/eA8V8J

Ranbaxy Costs US Taxpayers $900m on Import Ban

Cheap copies of Novartis AG's heart drug Diovan, on which Ranbaxy has exclusive rights, is not available in market for 18 months



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1m5Yjvq April 15, 2014 at 03:04PM http://ift.tt/eA8V8J

Korean Executive Tells Court, 'Samsung's Business Model Is Different From Apple'

Apple seeking $2bn from Samsung in fresh $2bn patent infringement lawsuit.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hGKXWR April 15, 2014 at 01:27PM http://ift.tt/eA8V8J

Singapore Set to Record Strong Growth on Global Demand Recovery

Singapore largely depends on external trade for its economic growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1guWGWH April 14, 2014 at 05:11PM http://ift.tt/eA8V8J

China Housing Market Bubble Start to Pop as Economy Faces Hard-Landing

Hangzho city with higher vacancy rates has become symbol of China's property market in distress.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1guzl4d April 14, 2014 at 03:59PM http://ift.tt/eA8V8J

Bangladesh Garment Factory Owners Suffer From Squeezed Profits Due to Mandatory Wage Hike

Factory owners have less money for safety improvements as they had to nearly double wage rates, says Reuters.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p1Z6C0 April 14, 2014 at 02:08PM http://ift.tt/eA8V8J

Chinese Consortium to Buy Glencore Xstrata's Peru Copper Mine for $5.85bn

Consortium includes MMG Limited, GUOXIN International Investment and CITIC Metal.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hzQkGm April 14, 2014 at 01:02PM http://ift.tt/eA8V8J

Bitcoin Entrepreneur Danny Brewster Wanted by Cypriot Police

Brewster is CEO of Cyprus-based Neo & Bee and is facing complaints of fraud.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kFEOwc April 12, 2014 at 04:34PM http://ift.tt/eA8V8J

G20 Warns of Other Options If US Fails to Enact IMF Reforms by Year-end

Proposed reforms would double IMF's resources and give more voting power to BRICS nations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kF39Cm April 12, 2014 at 01:34PM http://ift.tt/eA8V8J

South London Garage's Record £550,000 Price in Auction Reflects UK Housing Crisis

568-square-foot, brick-built former coach house generates triple asking price.



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

India's Infosys Begins Search for Head as Last Founder-CEO Offers to Leave Amid Falling Stock

Bellwether software company hires Egon Zehnder to look for external candidates as last founder-CEO for top position.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hy2Lnd April 11, 2014 at 06:25PM http://ift.tt/eA8V8J

Brazil's BitInvest Launches MaterCard Compliant Bitcoin Card with Potential Global Reach

BitInvest's Coincard can be topped up with bitcoins and can be used like almost any other MasterCard.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1era0gg April 11, 2014 at 04:53PM http://ift.tt/eA8V8J

Reuters Plans Tie-Up With Iran's Tehran Stock Exchange

Exchange is in talks to share its trading data with Reuters.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lPjUId April 11, 2014 at 03:15PM http://ift.tt/eA8V8J

US Investor Group Proposes to Buy MtGox for 1 Bitcoin

The group is planning to revive exchange and repay stakeholders over time.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kzssWw April 11, 2014 at 03:10PM http://ift.tt/eA8V8J

GM Suspends Two Engineers as Recall-Related Charges Mount

Ray DeGiorgio and Gary Altman were placed on paid leave.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jxCfJ4 April 11, 2014 at 01:53PM http://ift.tt/eA8V8J

British Gas Apologises For Computer Glitch and Accepts £5.6m Ofgem Fine

Ofgem fines British Gas for blocking firms from switching suppliers due to problems in computer systems.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1eqMOPh April 11, 2014 at 01:27PM http://ift.tt/eA8V8J

China Plans World's Largest Duty-Free Shop in Hainan Province

Hainan authorities are proposing a 60,000-square-metre complex at Haitang Bay.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oPk1by April 10, 2014 at 06:06PM http://ift.tt/eA8V8J

BlackBerry Considers Exiting Smartphone Business

BlackBerry CEO John Chen told Reuters that his company is eyeing business expansion via acquisitions, partnerships and investments.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gbNMgA April 10, 2014 at 04:21PM http://ift.tt/eA8V8J

Florida Ophthalmologist Salomon Melgen Top Paid US Physician in 2012 With $21m

US Centers for Medicare and Medicaid Services released Medicare claims list for first time.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qvwMna April 10, 2014 at 02:53PM http://ift.tt/eA8V8J

UK House Prices Rise Further Amid 'Desperate Need' For More Homes

House prices increased while sales rose to six-year high on better availability of mortgages.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1k780tt April 10, 2014 at 01:11PM http://ift.tt/eA8V8J

Malaysia Airlines Flight MH370 Saga Not Likely to Hurt Malaysia-China Economic Ties

Malaysian tourism is suffering as Chinese tourists shun country, but wider economic activity will not be affected.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iwyK3o April 09, 2014 at 05:44PM http://ift.tt/eA8V8J

US Time Group Raising $1.4bn to Buy British Counterpart

US Time was forced to leave UK sister company as part of its spinning off from media giant Time Warner.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Q3K52L April 09, 2014 at 03:42PM http://ift.tt/eA8V8J

Recent Tech Selloff Wipes $11.5bn Off Silicon Valley Billionaires' Wealth

Facebook billionaires lost $4.2bn in total since market closed on 2 April.



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

Iowa and North Carolina Join Other US States to Study Data Breach Involving Experian Unit

Illinois and Connecticut already announced investigations into the scheme that exposed the social security numbers of about 200 million people.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hr2nXC April 09, 2014 at 01:07PM http://ift.tt/eA8V8J

GM Fined Over Slow Response to Regulator's Queries on Ignition Switch Defect

GM was fined $7,000 per day until it complies with US NHTSA's request.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hqU26e April 09, 2014 at 12:21PM http://ift.tt/eA8V8J

Citigroup Reaches $1.23bn Settlement with Investors Over Mortgage-Backed Securities

Settlement resolves investors' claims to buyback residential mortgage-backed securities.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qjvkEk April 08, 2014 at 04:40PM http://ift.tt/eA8V8J

Fracking Boom Would Insulate Europe Against Cold War

Europe's current large dependence on Russia for energy could be reduced with shale gas production.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oIVVPF April 08, 2014 at 03:22PM http://ift.tt/eA8V8J

Kingfisher Airlines Brands Up for Sale as Creditors Claw Back $1.3bn Loans

Kingfisher brand was valued at 30bn rupees by audit firm Grant Thornton India some years ago.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1g0zxes April 08, 2014 at 02:15PM http://ift.tt/eA8V8J

Samsung to Post Second Straight Decline in Quarterly Profit on Lower Smartphone Margins

Falling prices of smartphones are affecting Samsung's profit margins.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1klLQGi April 08, 2014 at 12:53PM http://ift.tt/eA8V8J

LafargeHolcim Cements $50bn Mega-Merger with Bruno Lafont at Helm

Lafarge and Holcim agreed on their merger and announced details about the combined company.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ijk2vx April 07, 2014 at 04:26PM http://ift.tt/eA8V8J

Libyan Rebels and Government Agree to Start Lifting Oil Terminal Blockades

Libya's oil exports have declined 80% after rebels seized four vital terminals.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jni94f April 07, 2014 at 02:05PM http://ift.tt/eA8V8J

Capital-Rich UK Companies to Spend More As Risk Perception Improves Drastically

In latest Deloitte CFO survey, 71% say it is good time to take risk on balance sheet.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kBEQkA April 07, 2014 at 12:48PM http://ift.tt/eA8V8J

Sun Pharma and Ranbaxy in $4bn Acquisition Deal Creating India's Largest Drugmaker

Sun Pharmaceutical will be world's fifth-largest generic drugs maker following acquisition of Ranbaxy.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1io7ggz April 07, 2014 at 12:04PM http://ift.tt/eA8V8J

India Election: Frontrunner BJP Likely to Scrap Retail FDI Reforms if it Gains Power

BJP, however, would open other sectors to FDI to compensate negative sentiment.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fUKmv6 April 05, 2014 at 04:10PM http://ift.tt/eA8V8J

Bitcoin Has Grown More Quickly Than Bitcoin Foundation - Chairman Peter Vessenes

Peter Vessenes says collapse of MtGox poses challenge to digital currency.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Pv14uO April 05, 2014 at 01:52PM http://ift.tt/eA8V8J

London IPO Market Witnesses Strongest Activity in 20 Years on Economic Recovery

There were 24 IPOs on London market in first quarter, raising total funds of £3.9bn, according to E&Y report.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1dWnznO April 05, 2014 at 01:07PM http://ift.tt/eA8V8J

European Cement Giants Lafarge and Holcim in $50bn Merger Talks

Companies expected to face lengthy scrutiny by global regulators, according to analysts.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mR7B0P April 05, 2014 at 11:05AM http://ift.tt/eA8V8J

Ebay Adds Virtual Currency Section to Allow Bitcoin and Dogecoin Trading

You can now buy virtual currencies like bitcoin or dogecoin on Ebay but it's still not accepting them for payments.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hbRHfn April 04, 2014 at 06:35PM http://ift.tt/eA8V8J

UK New Car Sales at 10-Year High on Pent-Up Demand and Better Finance Deals

New car registrations increased 17.7% on year in March to 464,824, according to SMMT.



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

Fonterra Fined For Damaging New Zealand's Reputation Over Botulism Scare

Fonterra is not contesting fines.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fEBsW7 April 04, 2014 at 02:21PM http://ift.tt/eA8V8J

China's Crackdown on Prostitution and Economic Slowdown Hurt Dongguan City's Growth Prospects

Dongguan, China's manufacturing base in Pearl River Delta, is known as 'sin city' due to its once-thriving sex trade.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mH7KRJ April 04, 2014 at 02:16PM http://ift.tt/eA8V8J

US States Launch Investigation Into Experian Unit Over Consumer Data Breach

Experian unit Court Ventures has been subject to data breach, exposing social security numbers of about 200 million US citizens.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/PuYZyD April 04, 2014 at 01:38PM http://ift.tt/eA8V8J

Canada's Prepaid Bitcoin Offers $10 Bitcoin Card for Consumers

Ontario-based Prepaid Bitcoin is offering bitcoin cards to retailers and 'average' consumers in small denominations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/PmAJPz April 03, 2014 at 06:43PM http://ift.tt/eA8V8J

Yahoo Encrypts Data Traffic Between Servers to Prevent Surveillance

Revelations by Edward Snowden showed that NSA spied on data transmissions between computer centres operated by Google and Yahoo.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fyE9bD April 03, 2014 at 04:42PM http://ift.tt/eA8V8J

Channel 5 Valued at Less Than Half £700m Asking Price in Second Round Bids

Better access to company's accounts made potential buyers suspicious about value.



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

UK Excluded From Chinese Schengen Visa Reforms as EU Prepares for Tourism Boost

European Commission is seeking to speed up Schengen visa application process to 26 countries excluding UK.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1i3JKnC April 03, 2014 at 02:51PM http://ift.tt/eA8V8J

Around 900 Lufthansa Flights Cancelled as 3-Day Pilot Strike Begins

Lufthansa expects loss of profits in the range of tens of millions of euros from three-day strike.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pKpA85 April 02, 2014 at 07:03PM http://ift.tt/eA8V8J

GM Chief Mary Barra Apologises for Ignition Switch Defect Leading to 13 Deaths

In Congressional hearing Barra said company's slow response to deaths 'unacceptable'.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1dQJblb April 02, 2014 at 05:04PM http://ift.tt/eA8V8J

Sheryl Sandberg Sold Over Half Her Facebook Holdings Since 2012 IPO

Sandberg's holding declined to 17.2 million shares from 41.2 million shares when Facebook filed for IPO.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/PgTDab April 02, 2014 at 04:06PM http://ift.tt/eA8V8J

Silk Road Operator Ross Ulbricht's Lawyer Brings Bitcoin's Legal Status to Question to Save Client

Ulbricht's lawyer, Joshua Dratel, wanted all charges against his client to be dropped.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pO1ZSc April 02, 2014 at 03:47PM http://ift.tt/eA8V8J

China Manufacturing Sector Remains Weak Despite Improvement in Official PMI

Official PMI rose to 50.3 in March from eight-month low of 50.2 in February.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oliA4h April 01, 2014 at 06:18PM http://ift.tt/eA8V8J

Hull City Council Creating Bitcoin-Like Digital Currency HullCoin to Tackle Poverty

Voluntary work will be paid in HullCoin that can be used for goods and services.



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

Bank of England and People's Bank of China Agree on London Yuan Clearing Hub

Deal comes after similar agreement between Germany and China.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fjoxbM April 01, 2014 at 03:30PM http://ift.tt/eA8V8J

London Whale Headache Not Over for JPMorgan as Judge Allows Lawsuit

US judge ruled that shareholders could pursue claims against JPMorgan and top officials.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fj62V7 April 01, 2014 at 02:24PM http://ift.tt/eA8V8J