Edward Snowden Questions Failure to Prevent 9/11 Terrorist Attacks

Former NSA contractor speaks out in unaired excerpts of NBC interview.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nOof0l May 31, 2014 at 03:34PM http://ift.tt/eA8V8J

Ukraine 2014 GDP to Decline By 5%: Fitch Ratings

Political uncertainties continue to hit Ukraine's economy, says Fitch.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1twAfDi May 31, 2014 at 03:20PM http://ift.tt/eA8V8J

Bitcoin Crosses $600 Mark as DISH Network Set to Accept Payments in Digital Currency

DISH Network set to become largest company to accept bitcoin payments.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mUtWsw May 31, 2014 at 01:34PM http://ift.tt/eA8V8J

Carl Icahn, Phil Mickelson and William Walters Probed in US for Insider Trading

Mickelson and Walters are suspected to have traded illegally on private information provided by Icahn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kaI8Pl May 31, 2014 at 12:24PM http://ift.tt/eA8V8J

AirAsia Offers £10 Tickets For June Debut Flight in India

AirAsia's maiden Bangalore-to-Goa flight will cost just 990 Indian rupees



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pr2d5R May 30, 2014 at 05:32PM http://ift.tt/eA8V8J

Edward Snowden Says Email Exchange Released by NSA 'Tailored and Incomplete'

NSA released emails that it claims gave no evidence Snowden made complaints internally before leaking data to public.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oQPnv7 May 30, 2014 at 04:59PM http://ift.tt/eA8V8J

France's BNP Paribas Closely Monitoring Case against Bank in US

Case relates to alleged violation of US sanctions against Iran, Sudan and Cuba.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wxA2UK May 30, 2014 at 02:52PM http://ift.tt/eA8V8J

UK Housing Bubble Fears Muted as Price Inflation Slows

UK House prices rose 0.5% in March, compared to 0.6% in previous two months, according to Hometrack.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pDid1Q May 30, 2014 at 02:17PM http://ift.tt/eA8V8J

AstraZeneca Looks to Justify Rejection of Pfizer's Offer With Drug Trial Results at Cancer Meeting

Company is looking to feature more than 40 scientific abstracts to highlight strength in key oncology division.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lWwVNU May 30, 2014 at 01:04PM http://ift.tt/eA8V8J

Former Microsoft CEO Steve Ballmer Wins Basketball Franchise Los Angeles Clippers at Record $2bn Bid

Clippers put up for sale after NBA banned owner Donald Sterling for life.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jzcwwG May 30, 2014 at 12:09PM http://ift.tt/eA8V8J

Malaysian Muslim Groups Call For 'Jihad' on Cadbury Amid Kraft Products Boycott

All products are doubted to have pork elements due to same production methods



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rjB3zP May 29, 2014 at 03:57PM http://ift.tt/eA8V8J

Argentina to Repay $9.7bn Paris Club Overdue Loans Over Five Years

Argentina and Paris Club reached agreement to resume loan repayments.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rjvtxl May 29, 2014 at 03:21PM http://ift.tt/eA8V8J

BP Asks US Supreme Court to Halt Gulf of Mexico Oil Spill Payments

BP files petition with US Supreme Court Justice Antonin Scalia after 5th US Circuit Court of Appeals rejects its plea.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pmxK8Z May 29, 2014 at 01:30PM http://ift.tt/eA8V8J

China-US Row Over Cyber Spying Boosts Mainland Tech Stocks

CSI 300 Information Technology Index in China rallies 5.5% since 19 May when US indicted five Chinese officials.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1owrhIm May 29, 2014 at 12:35PM http://ift.tt/eA8V8J

UK Retail Sector Heading Towards Sustainable Growth: CBI

CBI survey finds retail sales rising for sixth consecutive month in May.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1k30YaP May 29, 2014 at 11:40AM http://ift.tt/eA8V8J

Valeant Sweetens Allergan Offer to $49.44bn

Canadian company raised cash portion of offer but kept stock portion in tact.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tmDBZI May 28, 2014 at 06:19PM http://ift.tt/eA8V8J

EU Approves Hutchison's €780m Acquisition of O2 Ireland

British telecom major Vodafone will still retain its No. 1 position in Ireland.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/SPlfFz May 28, 2014 at 05:04PM http://ift.tt/eA8V8J

MtGox Operator Tibanne to Sell Trademarked Word 'Bitcoin'

Tibanne is looking to raise about $1m from sale of bitcoin trademarks



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mDQ2iR May 28, 2014 at 03:31PM http://ift.tt/eA8V8J

Edward Snowden Says He Assisted NSA and CIA as Undercover Agent Overseas

Snowden refutes claims he was merely a low-level analyst at NSA.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tO03wL May 28, 2014 at 01:40PM http://ift.tt/eA8V8J

RBS to Shrink Trading Business and Cut Hundreds of Jobs in US

Bank's move part of effort to reduce assets in US ahead of new Federal Reserve rules.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1k10fpp May 28, 2014 at 12:58PM http://ift.tt/eA8V8J

Bitcoin Miners in Poland Subject to 23% VAT While Selling

Taxation of bitcoin transactions varies across nations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nuzqet May 27, 2014 at 06:14PM http://ift.tt/eA8V8J

Cadbury Malaysia Recalls Two Chocolate Products Found to Have Traces of Pork

More than 60% of Malaysian population are Muslims who are prohibited to eat pork.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tJneID May 27, 2014 at 04:22PM http://ift.tt/eA8V8J

China Taking Millions of Vehicles Off Road to Tackle Air Pollution

China will eliminate six million vehicles by 2014-end, according to State Council's action plan.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jWM8CN May 27, 2014 at 01:47PM http://ift.tt/eA8V8J

China Tells Local Banks to Avoid IBM Servers as US Spying Row Escalates

IBM already suffered decline in sales due to Edward Snowden scandal.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nt5HCK May 27, 2014 at 01:02PM http://ift.tt/eA8V8J

Pfizer Formally Withdraws From AstraZeneca Takeover Attempt

As deadline for deal expires, Pfizer ends takeover bid for UK's AstraZeneca.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tIDVUq May 27, 2014 at 12:11PM http://ift.tt/eA8V8J

Apple Seeks Retrial in Latest Patent Case against Samsung to Raise Compensation

Apple also seeking to ban Samsung devices that infringe on its patents.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tdr0I6 May 26, 2014 at 07:07PM http://ift.tt/eA8V8J

Bitcoin Rates Continue to Soar, Nearing $600 Mark

Opening at $570.10, bitcoin rises to as much as $589.95.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1olxU0e May 26, 2014 at 06:04PM http://ift.tt/eA8V8J

Edward Snowden Seeking Return to US: Der Spiegel

Former NSA contractor is in exile in Russia and wanted by US on espionage.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/S8pH1z May 26, 2014 at 05:28PM http://ift.tt/eA8V8J

Standard Chartered to Close Swiss Subsidiary

Bank looking to sell Swiss business as part of restructuring.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1h4GpL5 May 26, 2014 at 03:53PM http://ift.tt/eA8V8J

Drugmakers Suffer 5% Cut in China Profit Margins Amid Crackdown

Drugmakers' profits and margins decline in China due to crackdown on corruption and price cuts.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1guRep2 May 26, 2014 at 02:45PM http://ift.tt/eA8V8J

Pfizer to Call off £69bn AstraZeneca Deal as Deadline About to End

Pfizer to formally call off AstraZeneca takeover bid as deadline set to expire.



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

Bitcoin Set to Overtake eBay's PayPal in Transaction Volumes

Bitcoin records nearly $300m daily in transactions, just shy of PayPal's $315.3m.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1twM8Lv May 24, 2014 at 01:14PM http://ift.tt/eA8V8J

Pfizer Unlikely to Raise Offer as AstraZeneca Shareholders Call For Renewed Talks

Pfizer still believes its final offer represents full value to AstraZeneca shareholders.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/SuHbWn May 24, 2014 at 11:44AM http://ift.tt/eA8V8J

JD.Com's $1.78bn US IPO Largest So Far By a Chinese Firm

Alibaba is expected to beat JD.com's record in near future.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jCdRaz May 23, 2014 at 04:48PM http://ift.tt/eA8V8J

China Growth Slowdown 'Manageable' says Central Bank Chief Zhou Xiaochuan

China focuses on economic reforms and environmental protection rather than rapid growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tszv47 May 23, 2014 at 03:58PM http://ift.tt/eA8V8J

HP Plans Up To 16,000 Additional Job Cuts as Quarterly Results Disappoint

Second-quarter revenues fall 1% to $27.3bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1n8P0fJ May 23, 2014 at 01:48PM http://ift.tt/eA8V8J

Indicted Hackers Targeted US Companies Having Deals With China Firms

US companies with business deals in China have been asked to be cautious in light of recent hacking revelations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jBiy4f May 23, 2014 at 12:37PM http://ift.tt/eA8V8J

Hacker Demands Compensation in Bitcoins From US Government For Wrongful Imprisonment

Andrew Auernheimer from Arkansas is demanding more than 28,000 bitcoins, currently valued at more than $13m.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jCCzss May 21, 2014 at 04:33PM http://ift.tt/eA8V8J

Ex-Head of JPMorgan China Investment Banking Arrested by Hong Kong Anti-Graft Agency

Arrest is alleged to have connections with JPMorgan's hiring practices in Asia.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/TtlqqH May 21, 2014 at 03:22PM http://ift.tt/eA8V8J

Burberry Profits Up 8% as Christopher Bailey Takes the Helm

Adjusted pre-tax profit for year ended on 31 March rose 8% to £461m.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vEfae0 May 21, 2014 at 02:02PM http://ift.tt/eA8V8J

Schroders Calls on AstraZeneca to Reconsider Pfizer's Offer

Schroders is the 12th largest shareholder in AstraZeneca with a 2% holding in the firm.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oMXsDp May 20, 2014 at 05:29PM http://ift.tt/eA8V8J

Forced Labour in Sex Industry Generates $99bn in Yearly Illegal Profits: ILO

Forced labour in various sectors generates illegal profits of at least $150bn every year, says ILO.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gKdcVm May 20, 2014 at 04:46PM http://ift.tt/eA8V8J

Thai Baht and Stocks Decline After Martial Law Announcement

Martial law not expected to turn around Thailand's deteriorating economic growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p8CnRb May 20, 2014 at 02:44PM http://ift.tt/eA8V8J

Marks and Spencer Bosses Forego Bonuses as Yearly Profits Plunge

Underlying pre-tax profit declined by 3.9% to £623m, as bosses agree to forego bonuses.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/R361Lw May 20, 2014 at 01:31PM http://ift.tt/eA8V8J

Russia Closes in on Gas Export Deal With China

Russia is in final stages to reach deal with China for 38 billion cubic metres of gas every year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sKnPaz May 19, 2014 at 05:10PM http://ift.tt/eA8V8J

India: Foreign Institutional Investors Bet $17.1bn on Narendra Modi

Investors have high hopes from Modi to undertake far-reaching reforms that would boost growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gGlbCS May 19, 2014 at 04:00PM http://ift.tt/eA8V8J

AstraZeneca Rejects Pfizer's £69bn Final Offer

AstraZeneca said final offer undervalues company and its prospects.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mLJBea May 19, 2014 at 01:34PM http://ift.tt/eA8V8J

GM to Pay $35m Fine over Delay in Recalling Vehicles with Ignition Switch Defect

GM reached an agreement with US National Highway Traffic Safety Administration (NHTSA).



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jFl44Y May 17, 2014 at 04:33PM http://ift.tt/eA8V8J

Apple and Google to Settle all Patent Disputes

Companies to work together in some areas of patent reform.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1t001S0 May 17, 2014 at 02:12PM http://ift.tt/eA8V8J

China Eases Cross-Border Capital Flow in Shanghai FTZ

Multinational companies may now open international and domestic accounts to handle foreign exchange transactions.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oWAnLF May 16, 2014 at 07:05PM http://ift.tt/eA8V8J

India elections 2014: Can Narenda Modi Make His Gujarat Model Work?

Bharatiya Janata Party's (BJP) imminent leadership comes as world looks at Asia's third largest economy for reforms.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nW9gRb May 16, 2014 at 06:02PM http://ift.tt/eA8V8J

Germany's SAP Cutting 1,500-2,500 Jobs in Cloud Computing Mission

SAP employs more than 66,500 people in more than 130 countries.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1szmHqi May 16, 2014 at 03:50PM http://ift.tt/eA8V8J

India Elections 2014: Who Will be Finance Minister in Modi Government?

IB Times UK takes a look at three of the most likely candidates who could be finance minister in the Modi government.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/QPmPWo May 16, 2014 at 03:23PM http://ift.tt/eA8V8J

Credit Suisse to Plead Guilty and Pay Over $2.5bn to Settle US Tax Investigation

Bank is accused of helping Americans evade taxes.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/RY02ZE May 16, 2014 at 02:16PM http://ift.tt/eA8V8J

Bitcoin Integration With PayPal Being 'Actively Considered' Says eBay CEO

Bitcoin will play very important role in future according to eBay CEO John Donahoe.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1muLegl May 15, 2014 at 05:55PM http://ift.tt/eA8V8J

AstraZeneca's Experimental Lung Cancer Drug Shows Promising Results

Lung cancer drug under development, known as AZD9291, could generate $3bn in annual revenues if approved.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/RU27pj May 15, 2014 at 04:47PM http://ift.tt/eA8V8J

Missing Malaysian Airlines Flight MH370 Hits Allianz with $30m Bill

Insured market loss on missing plane is about $350m.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nR1pEs May 15, 2014 at 02:23PM http://ift.tt/eA8V8J

Bitcoin to Be Treated As 'Value-Added Electronic Record' in Japan

Japan will crack down on illegal transactions - but will not regulate bitcoin.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nIByRk May 14, 2014 at 05:49PM http://ift.tt/eA8V8J

Mukesh Ambani's Antilia Most Expensive Billionaire Home: Forbes

27-story skyscraper home reportedly had construction costs between $1-2bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jsi4ZE May 14, 2014 at 04:56PM http://ift.tt/eA8V8J

AstraZeneca Shares Worth £100 Each on Cancer Drugs in Pipeline, says Questor

AstraZeneca has three of its cancer drugs in the final stage of testing and another 20 at earlier stages of development.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lmkhax May 14, 2014 at 02:36PM http://ift.tt/eA8V8J

US Authorities Seeking More Than $3.5bn from BNP Paribas Over Dealings With Sanctioned Countries

Parties are in talks to settle allegations that BNP violated US sanctions against Iran, Sudan and other countries.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/T13OCh May 14, 2014 at 01:41PM http://ift.tt/eA8V8J

Chinese Bitcoin Exchanges Planning to go Offshore to Escape PBOC Crackdown

Bitcoin exchange Huobi is trying to create offshore account and go international.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jVU6dK May 13, 2014 at 04:16PM http://ift.tt/eA8V8J

Allergan Rejects $47bn Offer From Valeant Pharmaceuticals

Proposal substantially undervalued Allergan, according to company.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jmOWmy May 13, 2014 at 03:17PM http://ift.tt/eA8V8J

Facebook Looks to Open China Office to Boost Ad Sales

Facebook's social networking service is banned in China.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/SW62my May 13, 2014 at 01:21PM http://ift.tt/eA8V8J

LinkedIn Connection Breaks Australian Insider Trading Scam

National Australia Bank director Lukas Kamay helped by LinkedIn friend Chris Hill at ABS to gain millions illegally.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lbm1mM May 12, 2014 at 05:45PM http://ift.tt/eA8V8J

Constant Organisational Changes at Pfizer UK Hurt Morale, Employees Complain

Pfizer has major re-organisations at least every 18 months, employees say.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qviTKM May 12, 2014 at 04:06PM http://ift.tt/eA8V8J

BSkyB Confirms Talks with 21st Century Fox to Buy Pay-TV in Germany and Italy

Bloomberg reported that companies are in talks for deal worth €10bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jiowlP May 12, 2014 at 01:52PM http://ift.tt/eA8V8J

Investments in India's Domestic Gas Production in Jeopardy as Government Delays Price Hike

Operators in India's largest KG-D6 gas block, including BP and Reliance, may stall investments there.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/QyHQV7 May 12, 2014 at 01:28PM http://ift.tt/eA8V8J

Chinese Media Banned from Writing About Bitcoin

Local media banned from covering upcoming Global Bitcoin Summit in Beijing.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iAnCFI May 10, 2014 at 02:35PM http://ift.tt/eA8V8J

Goldman Sachs Confirms US Probe Over Overseas Hiring Practices

SEC is seeking information from five top banks including Goldman over hiring practices in Asia, WSJ reported earlier.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/QpAYcq May 10, 2014 at 12:51PM http://ift.tt/eA8V8J

Pfizer's Bid for AstraZeneca Raises Tax and Job Concerns in US

US politicians and government officials question Pfizer on US jobs.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oAcSIi May 10, 2014 at 12:32PM http://ift.tt/eA8V8J

Japan Makes First Arrest Over Alleged Drug Trafficking Using Bitcoin

Man allegedly smuggled class A drugs inside tablet computer after buying narcotics using cryptocurrency.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1g2TIes May 09, 2014 at 05:23PM http://ift.tt/eA8V8J

RuPay: India Launches Low-Cost Payment Card Alternative to Visa and MasterCard

India launched 'RuPay' which cuts banks' cost for clearing and settlement by 40%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jHkSGE May 09, 2014 at 04:13PM http://ift.tt/eA8V8J

Apple Close to Buying Beats Electronics For $3.2bn

Apple is ready to make it biggest acquisition ever by buying headphone maker and music streaming service Beats for $3.2bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ocQpDu May 09, 2014 at 01:58PM http://ift.tt/eA8V8J

Political Donations in Bitcoin Approved in US With Limitations

Individual donations are approved up to $100 per donor, per election cycle.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qkTMdy May 09, 2014 at 01:22PM http://ift.tt/eA8V8J

Publicis and Omnicom Scrap $35bn Merger Deal to Create Biggest Advertising Firm

Companies cite slow progress of transaction as reason for calling off proposal.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1j8Nu7f May 09, 2014 at 12:14PM http://ift.tt/eA8V8J

Alibaba Chairman Jack Ma's Investments Signal Potential Conflict of Interest

Jack Ma is feared to work against the company's best interests, as he may look to protect his own wealth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1spGUR9 May 08, 2014 at 06:30PM http://ift.tt/eA8V8J

Hong Kong's Billionaire Kwok Brothers Plead Not Guilty in Graft Case

Hong Kong property tycoons Thomas and Raymond Kwok were arrested over bribery.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1o9Sn7V May 08, 2014 at 05:12PM http://ift.tt/eA8V8J

Former BP Head Tony Hayward Named Glencore Xstrata Chairman

Hayward will step down from his current role as CEO of Genel Energy within year or two.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iqF5Aa May 08, 2014 at 04:11PM http://ift.tt/eA8V8J

Warren Buffett of Asia Masayoshi Son Makes an Alibaba Killing

Son's SoftBank holds 34.4% stake in Alibaba, valued at about $58bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1s66uZi May 08, 2014 at 02:47PM http://ift.tt/eA8V8J

Yuan Faces Appreciation Pressure as China Trade Revives

China's exports and imports rebounded in April easing fears about slowdown in economy.



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

Airline Price War to Intensify as AirAsia Set to Take Off in India

AirAsia India received permit from Indian regulator to start commercial operations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ostkKo May 08, 2014 at 01:13PM http://ift.tt/eA8V8J

Local Players Pose Stiff Competition to Samsung and Apple in China Smartphone Market

Local players Lenovo, Xiaomi, Coolpad and Huawei have average market shares of 10%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jA28Jj May 07, 2014 at 06:53PM http://ift.tt/eA8V8J

Siemens Overhauls Business Structure to Increase Profitability

Siemens will have nine divisions compared to 16 at present, under new structure.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1j2ncn3 May 07, 2014 at 06:02PM http://ift.tt/eA8V8J

Carphone Warehouse And Dixons Set to Announce £3.7bn Merger

The companies broadly agreed on merger terms in recent days.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iWHZhD May 07, 2014 at 05:26PM http://ift.tt/eA8V8J

UBS Sued by Old Investors in Mutual Funds Over High-Risk Puerto Rico Bonds

Older investors in UBS mutual funds sued bank for heavy losses from Puerto Rico bonds.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iqY0Xi May 07, 2014 at 04:29PM http://ift.tt/eA8V8J

Asia Banks Building Relationships With Regulators Amid Tough Laws and Probes

Banks are investing more on government affairs which have become crucial for their business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lXvxxO May 07, 2014 at 03:14PM http://ift.tt/eA8V8J

US SEC Sends Letters to Five Large Banks Over Hiring Practices in Asia

SEC is widening probe on banking sector's hiring practices to find out if they breach anti-bribery laws.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1o5kmp6 May 07, 2014 at 02:14PM http://ift.tt/eA8V8J

China's Alibaba Begins US IPO Process

E-commerce giant Alibaba files initial prospectus with US Securities and Exchange Commission.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1op5Vte May 07, 2014 at 01:36PM http://ift.tt/eA8V8J

Bitcoin Prices Tumble to $418 on Continued China Crackdown

BTC China suspended yuan deposits from Bank of China in latest woes for bitcoin.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1j7KWv1 May 06, 2014 at 07:15PM http://ift.tt/eA8V8J

BMW Set to Sell Record Number of Vehicles in 2014 After Strong First Quarter

BMW Group reported 11.4% increase in first-quarter profits primarily on higher demand from China, US and Europe.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1omie9I May 06, 2014 at 05:37PM http://ift.tt/eA8V8J

Pfizer and AstraZeneca to Discuss Potential Merger with UK Lawmakers

British parliamentary committee will call representatives from Pfizer and AstraZeneca to discuss potential merger.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Q9wyX5 May 06, 2014 at 05:08PM http://ift.tt/eA8V8J

US Feds Subpoena 'Deceptive' Payday Lender AMC Services

Payday companies lend short term loans at significantly high interest rates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iXOM4S May 06, 2014 at 03:31PM http://ift.tt/eA8V8J

AIG Profit Declines 27% on Weak Property and Casualty Unit

Net income declines to $1.61bn in first quarter from $2.21bn last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iSEVmL May 06, 2014 at 02:41PM http://ift.tt/eA8V8J

Jury Keeps Samsung's $119.6m Payment to Apple Intact after Additional Deliberations

Apple has been seeking about $2bn in damages in latest lawsuit.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rXTEfE May 06, 2014 at 01:35PM http://ift.tt/eA8V8J

Target Board Ousts CEO Gregg Steinhafel after Massive Data Breach

John Mulligan, Target's chief financial officer, will take over as interim president and CEO.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1olJNjD May 06, 2014 at 01:09PM http://ift.tt/eA8V8J

Pfizer Reports $1bn Decline in Revenues

First-quarter revenues declines to $11.4bn from $12.4bn last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rUZkXQ May 05, 2014 at 07:06PM http://ift.tt/eA8V8J

Europe Experiencing Gradual and Broad-Based Recovery: European Commission

Real GDP in EU is set to grow 1.6% in 2014 and to improve further to 2% in 2015.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fLjMKN May 05, 2014 at 05:34PM http://ift.tt/eA8V8J

Ukraine's Privatbank Shuts Down Branches in Pro-Russian Regions

Privatbank's branches in Donetsk and Luhansk down shutters after coming under attack..



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sajz5R May 05, 2014 at 04:34PM http://ift.tt/eA8V8J

Tensions Grow For India's High-Growth Beef Export Market as Hindu Nationalist BJP Likely to Win

India is also set to overtake Brazil as world's largest beef exporter, with industry's recent unprecedented growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fKW8yb May 05, 2014 at 03:08PM http://ift.tt/eA8V8J

Pfizer to Woo AstraZeneca Investors; Miliband Accuses Government of Cheer-leading for Deal

Ed Miliband asks David Cameron to probe deal taking into account public interest.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1q5XlEz May 05, 2014 at 01:39PM http://ift.tt/eA8V8J

MtGox's Founder Jed McCaleb Lost $50,000 Held With Bankrupt Bitcoin Exchange

Jed McCaleb retains 12% stake in MtGox.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ml3zyL May 02, 2014 at 07:03PM http://ift.tt/eA8V8J

Bitcoin ATM Maker Robocoin to Launch Online Bitcoin Bank

Robocoin's ATMs across globe would serve as bank branches.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1fAdxto May 02, 2014 at 06:37PM http://ift.tt/eA8V8J

AstraZeneca Rejects Pfizer's Sweetened £63bn Offer

Financial and other terms described in merger proposal are inadequate, says target of hostile bid



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/R6VqQk May 02, 2014 at 04:55PM http://ift.tt/eA8V8J

Sellafield Shares Decommissioning Expertise with Fukushima Nuclear Plant

Fukushima Daiichi Nuclear Power Station was severely damaged by tsunami and earthquake in March 2011.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Sgy77N May 02, 2014 at 03:48PM http://ift.tt/eA8V8J

AstraZeneca's Sale to Pfizer to be Decided by Shareholders: Minister

The British government pressed Pfizer to commit to British jobs and research, according to Minister for Universities and Science David Willetts.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hZFSIb May 02, 2014 at 03:10PM http://ift.tt/eA8V8J

Google Sued in US for 'Monopolising' Mobile Internet Search Market

Google refutes claims saying Android and Google can be used independent of each other.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kuZDWF May 02, 2014 at 02:35PM http://ift.tt/eA8V8J

Pfizer Sweetens Bid for AstraZeneca and Confirms Commitment to UK

Pfizer resumed talks for mammoth merger with improved terms and sent letter to UK Prime Minister.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Ra0TWk May 02, 2014 at 01:41PM http://ift.tt/eA8V8J