BNP Paribas Pleads Guilty to Violating US Sanctions and Agrees to Pay Record $8.9bn Fine

The bank also agreed to fire 13 employees and face a temporary ban on processing dollar payments in New York.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qdKz4I July 01, 2014 at 11:48AM http://ift.tt/eA8V8J

Bitcoin Prices Rise 6% As Data Shows Robust Demand For Coins at Auction

Bitcoin rates rise as high as $635.73, up 6.2% from previous closing price.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vnj0Fn June 30, 2014 at 04:37PM http://ift.tt/eA8V8J

Bitcoin Becomes Legal Money in California

California governor Jerry Brown signed into law bill approving bitcoin and other digital currencies as valid forms of payment.



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

Australia Software Firm Cocoon Data Enters Stock Market With $53m Reverse Takeover

ASX-listed Prime Metals will merge with Cocoon, which will subsequently change its name to Covata Limited.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lIbFzz June 30, 2014 at 01:53PM http://ift.tt/eA8V8J

UK Financial Firms' Profitability Falls as Pricing Pressure Mounts Amid Stiff Competition

Survey by CBI and PWC found overall profit fell in second quarter, following six quarters of robust rises.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/V0QfU6 June 30, 2014 at 01:05PM http://ift.tt/eA8V8J

BNP Paribas Boss Jean-Laurent Bonnafe: 'We Will Receive a Heavy Penalty'

BNP expected to reach agreement with US regulators on 30 June.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1my9aLv June 30, 2014 at 11:55AM http://ift.tt/eA8V8J

BNP Paribas to Plead Guilty And Fire Employees in $8.9bn Settlement with US Regulators

Fine, in case relating to US sanctions against Iran, Sudan and Cuba, to surpass $1.9bn paid by HSBC.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/UTzJoT June 28, 2014 at 04:17PM http://ift.tt/eA8V8J

Argentina Accuses US Judge of Abusing Power And Trying to Provoke Default

Government releases official statement, criticising US judge's decision to block payments to creditors.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mpjeGQ June 28, 2014 at 01:10PM http://ift.tt/eA8V8J

Bitcoin Closes Above $600 As US Government Auctions Off 30,000 Coins Seized from Silk Road

Prosecutors had seized about 30,000 bitcoins from Silk Road, which was accused of drug trafficking, computer hacking and money laundering.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jXMnJ0 June 28, 2014 at 12:02PM http://ift.tt/eA8V8J

Argentina Blames US Court's 'Absurd' Ruling for Assisting 'Global Usurers'

Without staying previous judgement, Argentina cannot promptly make its due payments.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/UPFYtO June 27, 2014 at 05:15PM http://ift.tt/eA8V8J

'I'm Deeply Sorry. I'm Frustrated With Myself': MtGox Head Mark Karpeles

Karpeles told WSJ that he doesn't believe more lost bitcoins will be found.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pGjDs6 June 27, 2014 at 02:01PM http://ift.tt/eA8V8J

Glencore Refutes Claims of Tax Dodging in Australia

Glencore was accused of paying zero taxes despite making billions in profits from Australia.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/UOPv4s June 27, 2014 at 12:52PM http://ift.tt/eA8V8J

Japan Consumer Prices Rise at Fastest Pace in 32 Years but Household Spending Declines

Japan's sales tax hike in April resulted in high prices for goods.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nOm8WW June 27, 2014 at 12:07PM http://ift.tt/eA8V8J

China Liberalises Foreign Currency Deposit Rates in Shanghai

Pilot programme was tested in Shanghai Free Trade Zone earlier.



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

WPP CEO Sir Martin Sorrell Wins Majority Shareholders' Approval for £30m Pay Package

Sorrell's £30m compensation for 2013 highest among FTSE 100 leaders.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1muBuTP June 26, 2014 at 12:55PM http://ift.tt/eA8V8J

BNP Faces One Year New York US Dollar Clearing Ban on Sanctions Violations

Ban is in addition to BNP's $9bn payment to US regulators in settlement charges.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iItq25 June 26, 2014 at 11:50AM http://ift.tt/eA8V8J

US Moves to Resume Exports of Unrefined Oil After Decades-Long Ban

US has become prominent oil producer due to its fracking boom.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lr2mnu June 26, 2014 at 11:13AM http://ift.tt/eA8V8J

Bitcoin Rates Continue to Fall as US Government Set to Auction 29,000 Coins Seized from Silk Road

Bitcoin prices fell as much as 1.77% on 28 June, following 2.11% and 1.91% declines in previous two days.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nCVmSq June 25, 2014 at 04:45PM http://ift.tt/eA8V8J

EU Ban on Imports from Crimea Influenced by US: Crimean Head Sergey Aksyonov

Aksyonov said ban deprives Europe of market.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mnRk2D June 25, 2014 at 03:07PM http://ift.tt/eA8V8J

Tech Savvy California Moves Closer to Legalise Bitcoin

Bill to legalise digital currencies passed by state senate and assembly awaits final approval from the Governor.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ww8lL2 June 25, 2014 at 01:50PM http://ift.tt/eA8V8J

Bernie Madoff's Accountant Paul Konigsberg Pleads Guilty to Falsifying Records and Conspiracy

Konigsberg said he was not aware of Madoff's Ponzi scheme.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1q7PiX1 June 25, 2014 at 12:22PM http://ift.tt/eA8V8J

BNP to Relocate Sanctions Compliance Operations to US as $9bn Settlement Expected Next Week

BNP reached broad agreement with US regulators that is expected to be announced next week.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lR88Qn June 25, 2014 at 11:57AM http://ift.tt/eA8V8J

Japan to Cut Corporate Tax Rate as Part of Abe's 'Third Arrow' of Reforms

Japan has one of highest tax rates among industrialised nations at about 36%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Trr8bR June 24, 2014 at 04:56PM http://ift.tt/eA8V8J

EU Bans Imports from Russia-Annexed Crimea

Ban to be effective from 25 June.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wrqIkl June 24, 2014 at 03:55PM http://ift.tt/eA8V8J

Google Forays Into High-Growth Domain Registration Business

55% of small businesses still do not have websites, according to Google.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lMbFOz June 24, 2014 at 01:07PM http://ift.tt/eA8V8J

Argentina Debt: US Judge Appoints Expert to Oversee Talks with Bond-Holders

US District Judge Thomas Griesa appoints Daniel Pollack to preside over talks between Argentina and funds.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jaYQco June 24, 2014 at 12:26PM http://ift.tt/eA8V8J

US Poverty and Income Inequality Rise from 1970 Levels: Study

Historical Report of Opportunity reveals that poverty rate increased 12% from 1970, while income inequality increased nearly 30%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nyuovc June 24, 2014 at 11:49AM http://ift.tt/eA8V8J

France Criticised for Putting National Interests Over European Interests in Alstom Deal

France earlier approved US-based GE's deal to acquire Alstom assets, thwarting a similar deal led by Germany's Siemens.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p9AyaE June 23, 2014 at 04:48PM http://ift.tt/eA8V8J

Switzerland Prepares List of Possible Tax Dodgers to Help India Fight Black Money

Switzerland will provide administrative assistance in tax matters to India in accordance with treaties signed between the two countries



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1j4UAek June 23, 2014 at 02:29PM http://ift.tt/eA8V8J

Oracle Set to Announce $5bn Acquisition of Software Firm Micros Systems

Oracle close to its biggest acquisition since 2009 deal with Sun Microsystems.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nvQkXQ June 23, 2014 at 01:21PM http://ift.tt/eA8V8J

GE Clears Final Hurdle in Alstom Acquisition as Paris Reaches Share Purchase Deal with Bouygues

French government would buy 20% stake in Alstom from Bouygues.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1m3ADVi June 23, 2014 at 12:00PM http://ift.tt/eA8V8J

China Manufacturing Expands for First Time in 2014 as Mini Stimulus Measures Help Economy

HSBC flash manufacturing PMI rises to 50.8 in June from 49.4 in May.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/V49ooB June 23, 2014 at 11:16AM http://ift.tt/eA8V8J

Indian Prime Minister Narendra Modi Is 'Business Authoritarian': WikiLeaks's Julian Assange

Assange fields questions on Modi, World Cup, bitcoin and Edward Snowden on Reddit.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p29Y32 June 21, 2014 at 02:56PM http://ift.tt/eA8V8J

GE Wins Alstom Bidding War With French Government Support

Government works on new deal with GE which involves state owning 20% stake in Alstom.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Uq1ftM June 21, 2014 at 10:48AM http://ift.tt/eA8V8J

Google's Nest Labs to Buy Video-Monitoring Start-up Dropcam for $555m

Nest says it will not share customer data with Google following deal.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pusbUX June 21, 2014 at 10:04AM http://ift.tt/eA8V8J

Siemens-Mitsubishi Team Sweetens Alstom Bid by €1.2bn

Move comes after GE improved its bid as deadline just days away.



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

Shire Rejects £27bn AbbVie Bid and Sees 12% Shares Surge

Shire confirmed its rejection of AbbVie offer, saying it undervalues company and its prospects.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lavNdk June 20, 2014 at 03:23PM http://ift.tt/eA8V8J

UBS Belgium Chief Marcel Brühwiler Detained Over Multi-Billion-Euro Tax Evasion Scheme

Marcel Brühwiler allegedly helped wealthy Belgians dodge taxes.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Ulg7cX June 20, 2014 at 01:43PM http://ift.tt/eA8V8J

UBS Faces Criminal Probe into Sales of Mutual Funds Backed by Puerto Rico Bonds

Clients invested in mutual funds suffered heavy loss as their value declined about 40% over 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1labz3A June 20, 2014 at 01:07PM http://ift.tt/eA8V8J

Westfield Shareholders Approve Billionaire Frank Lowy's $70bn Plan to Restructure Mall Empire

More than 76% shareholders in Westfield Retail Trust vote in favour of plan to split shopping centre business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lOFOZ8 June 20, 2014 at 11:46AM http://ift.tt/eA8V8J

France Unwilling to Give GE Full Ownership of Alstom

Paris demands GE to allow Alstom to retain minority ownership in its turbine business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iJUb0K June 19, 2014 at 04:48PM http://ift.tt/eA8V8J

SAC Capital's $602m Insider Trading Case Settlement With SEC Approved by US Judge

Final approval was delayed pending outcome of separate case involving Citigroup.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oJEU8a June 19, 2014 at 02:28PM http://ift.tt/eA8V8J

Argentina Looks to Settle Issues with 'Vulture Funds' As Fresh Default Looms

Without settling, Argentina would default on debt due on 30 June.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lHwEh5 June 19, 2014 at 01:24PM http://ift.tt/eA8V8J

GE to Improve Alstom Offer, But Will Not Raise Cash Portion

GE looks to woo French government with more job guarantees, planned investments and access to nuclear technology.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1raCeh4 June 19, 2014 at 12:22PM http://ift.tt/eA8V8J

US Fed Cuts 2014 Growth Outlook, But Goes Ahead With Tapering

Federal Reserve also hints at higher interest rates from 2015 as shares stage smart rally.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nlq9TP June 19, 2014 at 11:32AM http://ift.tt/eA8V8J

Bitcoin's Success Fuelled by Government Controls on Financial Freedom

Rising demand for alternatives to state-backed currencies will lead to tidal wave of private monies, says Institute of Economic Affairs.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Uajtzj June 18, 2014 at 05:13PM http://ift.tt/eA8V8J

World Gold Council Wants to 'Reform or Replace' 100-Year-Old London Gold Fix

The 95-year-old gold pricing benchmark was criticised for lack of transparency.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oEOhpK June 18, 2014 at 04:22PM http://ift.tt/eA8V8J

GM CEO Mary Barra Faces Intense Questioning by US Lawmakers as Recalls Surge

Barra is due to be questioned at Capitol Hill on 18 June over GM's inability to fix vehicle safety issues.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1peWhJZ June 18, 2014 at 01:25PM http://ift.tt/eA8V8J

Failed Bitcoin Exchange MtGox Approved for US Chapter 15 Bankruptcy Protection

Bankruptcy protection would enable MtGox to complete sale of its assets and repay creditors.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/U9eU8E June 18, 2014 at 11:57AM http://ift.tt/eA8V8J

Ex-Goldman Sachs Director Rajat Gupta Begins Two-Year Prison Term

Gupta was found guilty of insider trading and faces $13.9m fine and permanent ban from acting as public company officer.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lS5aKl June 18, 2014 at 11:27AM http://ift.tt/eA8V8J

Pope Francis: Hedging on Food Prices is 'Intolerable Scandal'

Betting could drive up food prices, causing periods of starvation for poor people, said Pope Francis.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1n9gIp3 June 17, 2014 at 05:14PM http://ift.tt/eA8V8J

Football World Cup 2014: England Fans Spend More in Brazil Than Rival Europeans

English fans spent £3.78m in Brazil last week, up 83% from last year and 46% from the preceding week, says Visa Europe.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ozWuvf June 17, 2014 at 03:54PM http://ift.tt/eA8V8J

Alstom Sparks Multi-Billion Bidding War: Siemens and Mitsubishi Rival GE's $17bn Offer

Siemens and Mitsubishi have proposed transactions estimated to be superior to General Electric's bid.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1luHA7A June 17, 2014 at 01:58PM http://ift.tt/eA8V8J

Shell Offloads $5bn Worth of Shares in Australia's Woodside

Shell looks to focus on growth in directly owned Australian assets.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lM8BSM June 17, 2014 at 12:21PM http://ift.tt/eA8V8J

China Surpasses US as Largest Corporate Debt Issuer

Debt needs of China will reach $20tn by 2018, according to S&P.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/U2cmsV June 16, 2014 at 05:47PM http://ift.tt/eA8V8J

Britain and China to Sign Deals Worth Over $30bn During Premier Li Keqiang's Visit

Li Keqiang is on a three-day visit to Britain starting from 16 June.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1n2WuNz June 16, 2014 at 02:02PM http://ift.tt/eA8V8J

Indian Jute Mill CEO Beaten to Death By Employees Over Working Hours

CEO of North Brook Jute Mill, H K Maheshwari, killed after he allegedly rejected workers' demands to increase weekly working hours.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pzQAda June 16, 2014 at 12:34PM http://ift.tt/eA8V8J

Medtronic Eyes Tax Inversion Gains With $42.9bn Acquisition of Ireland's Covidien

Medtronic will shift headquarters to Ireland, where corporate tax rate is significantly lower than US.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lGbKn5 June 16, 2014 at 11:32AM http://ift.tt/eA8V8J

Scottish Independence: Hardcore Campaigner Blames Growing UK Income Inequality and Poverty on Union Break Bid

Radical Independence Campaign's co-founder Jonathon Shafi, says Scotland enough to go it alone



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

Russian Companies to De-Dollarise International Trade Amid Western Sanctions

Russian firms looking to switch to Asian currencies like yuan, Hong Kong dollar and Singapore dollar.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/TE6dmi June 10, 2014 at 04:05PM http://ift.tt/eA8V8J

Donald Sterling Withdraws From $2bn LA Clippers Sale to Steve Ballmer

Sterling will also go ahead with lawsuit against NBA.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xBVxUW June 10, 2014 at 01:41PM http://ift.tt/eA8V8J

UK Retail Sales Slow Down As Consumers Seek Cheaper Rates Amid Food Price War

Like-for-like sales rose 0.5% year-on-year in May, compared to 1.8% increase in May 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1l12vxu June 10, 2014 at 12:53PM http://ift.tt/eA8V8J

US Supreme Court Rejects BP's Plea to Block Spill Payments

BP is now planning to seek Supreme Court review of overall settlement terms.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1o86EmH June 10, 2014 at 12:02PM http://ift.tt/eA8V8J

Modi Plans Vibrant India Global Investors' Summit

Mega event is anticipated in early November in line with annual India show of World Economic Forum.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qgqysP June 09, 2014 at 04:35PM http://ift.tt/eA8V8J

Shinzo Abe Eyes 10% Sales Tax Rate for Japan

Japan sees little impact of sales tax increase on economic growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oC9wpx June 09, 2014 at 02:41PM http://ift.tt/eA8V8J

US Meat Company Tyson Wins Bid For Jimmy Dean Sausage Maker Hillshire at $7.7bn

Tyson outbids Pilgrim's Pride offer, valuing Hillshire at about $6.82bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1o4wqIk June 09, 2014 at 12:39PM http://ift.tt/eA8V8J

China Exports Surge but Lower Imports Signal Growth Worries Persist

Exports rose 7% year-on-year in May, above analysts' expectations for 6.6% increase and April's 0.9% rise.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kRz1Di June 09, 2014 at 11:29AM http://ift.tt/eA8V8J

IMF Wants China to Target 7% Growth in 2015 And Focus on Reforms

IMF urges China to avoid further reforms to boost economic growth.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nZ7emO June 07, 2014 at 02:38PM http://ift.tt/eA8V8J

Car Service Company Uber Becomes Most Valued Tech Startup Following $1.2bn Funding Round

Uber is currently valued at $18.2bn, higher than valuations of Airbnb, Dropbox and Xiaomi at $10bn each.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/TpSTC3 June 07, 2014 at 01:36PM http://ift.tt/eA8V8J

Canadian Gold Mine On Sale For $2m in Bitcoin

Sale includes gold mine in Canada's Dawson City and all its related assets.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kL8ExH June 07, 2014 at 12:18PM http://ift.tt/eA8V8J

China in 'FTZ Frenzy' With At Least 20 Applications for Special Zones

Shanghai FTZ expected to pioneer reforms for rest of China.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ojjMD5 June 06, 2014 at 03:43PM http://ift.tt/eA8V8J

Pope Francis Sacks Five-Member Vatican Financial Regulatory Board

Board will be replaced by four members from US, Italy, Singapore and Switzerland.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oz77Kp June 06, 2014 at 01:10PM http://ift.tt/eA8V8J

World Bank Projects China Growth Above Official Target at 7.6%

China's growth would moderate over medium term due to its economic transformation, says World Bank.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rQhwac June 06, 2014 at 12:01PM http://ift.tt/eA8V8J

Samsung Heirs Face Whopping $6bn Inheritance Tax Bill at 50% Korean Rate

In order to retain management of conglomerate, heirs will reportedly have to pay tax.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pKs7Sh June 06, 2014 at 11:07AM http://ift.tt/eA8V8J

UK New Car Market Records Longest Ever Period of Growth on Strong Consumer Confidence

New car registrations increased 7.7% year-on-year in May to 194,032 units



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kAKhmi June 05, 2014 at 03:13PM http://ift.tt/eA8V8J

Deutsche Bank's €8bn Capital Increase Delayed Due to Procedural Issue

Frankfurt court takes longer than expected to record Sheikh Hamad Bin Jassim Bin Jabor Al-Thani's €1.75bn share purchase.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p91XpF June 05, 2014 at 02:42PM http://ift.tt/eA8V8J

Many Alibaba Employees Set to Become Millionaires After $41bn IPO Windfall

Employees hold 26.7% stake in Alibaba, which is expected to be valued at more than $150bn after US IPO.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hdMDI8 June 05, 2014 at 01:53PM http://ift.tt/eA8V8J

India Likely to Ease Rules for Foreign Online Retailers in July Budget

E-commerce sector is expected to contribute up to 4% of GDP by 2020.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1j0oOPt June 05, 2014 at 12:51PM http://ift.tt/eA8V8J

GlaxoSmithKline Makes $105m Settlement With US States Over Illegal Marketing

GSK was accused of mis-promoting asthma medication Advair and anti-depressants Paxil and Wellbutrin.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nixbdw June 05, 2014 at 11:25AM http://ift.tt/eA8V8J

Alibaba Ventures into Sports With $192m Investment in China's Top Football Club

Alibaba purchases 50% stake in China's Guangzhou Evergrande soccer team.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jT6k2P June 05, 2014 at 10:33AM http://ift.tt/eA8V8J

Japanese Insurer Dai-ichi Agrees to Acquire US-Based Protective Life For Record $5.7bn

Japanese insurers are facing hurdles including an ageing population in the domestic market.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/S7sYhi June 04, 2014 at 02:44PM http://ift.tt/eA8V8J

NSA Using US Tech Firms as 'Gold Mine' of Data: China Security Experts

US companies including Yahoo, Cisco, Microsoft and Facebook were required by NSA to transfer their users' information.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oV34fa June 04, 2014 at 02:24PM http://ift.tt/eA8V8J

Former Employee Files Criminal Complaint Against Billionaire Kazuo Okada in Japan

Okada is being investigated by US and Philippine authorities over alleged bribery.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tGUOgv June 04, 2014 at 12:45PM http://ift.tt/eA8V8J

UK Shop Prices to Remain Low with Football World Cup Fast Approaching

UK shop prices declined for the thirteenth consecutive month, down 1.4% year-on-year in May.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iSKn4f June 04, 2014 at 11:51AM http://ift.tt/eA8V8J

US Targets Higher Duties on Chinese Solar Imports as Spat Escalates

The US Department of Commerce is proposing duties between 18.56% and 35.21% on solar products, much higher than that announced in 2012.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1o8fnTn June 04, 2014 at 11:17AM http://ift.tt/eA8V8J

Growing Price Gap with Android Phones Helps Boost Apple's Profits Despite Shrinking Market Share

Average selling price for iPhone was $650 in 2013, more than twice that of Android smartphone at $276.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1h3rqkg June 03, 2014 at 05:11PM http://ift.tt/eA8V8J

Chicago Charter School Operator Charged With Defrauding Bond Investors

Operator of charter school said to have misled investors and concealed risk of liquidating its schools.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kzlsHH June 03, 2014 at 02:14PM http://ift.tt/eA8V8J

China Economy is Stabilising but yet to Bottom Out: HSBC

HSBC China manufacturing PMI improved to 49.4 in May from 48.1 in April.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kE4ToU June 03, 2014 at 01:25PM http://ift.tt/eA8V8J

Credit Suisse Expects Limited Business Impact from US Tax Evasion Case

Head of Credit Suisse's private bank said bank generated new business despite pleading guilty.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kDVHkv June 03, 2014 at 12:41PM http://ift.tt/eA8V8J

Edward Snowden Says He Would be More Than Happy if Brazil Offers Asylum

During an interview with Brazilian Globo News, Snowden said he is leading relatively normal life in Russia.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1hQ0S0V June 02, 2014 at 03:40PM http://ift.tt/eA8V8J

New Tests by Malaysia's Jakim Find No Pork Traces in Disputed Cadbury Products

Cadbury Malaysia earlier recalled two products due to allegations that they contained pork DNA.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1gWWthx June 02, 2014 at 01:34PM http://ift.tt/eA8V8J

BNP Paribas Asked to Terminate Top Employees in Settlement of US Probe

New York state's top banking regulator, Benjamin Lawsky, is demanding termination of employees, including some in top management.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oMvkQZ June 02, 2014 at 12:26PM http://ift.tt/eA8V8J

US Trying to Protect Its 'Geostrategic Interests' With $10bn Fine on BNP Paribas: French Minister

Jean-Marie Le Guen criticises US government for its probe into BNP Paribas.



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

GlaxoSmithKline and Adaptimmune Reach $350m Deal to Develop New Cancer Drugs

Adaptimmune will develop cancer drugs for GSK and receive payments if milestones are achieved.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oll3aZ June 02, 2014 at 11:31AM http://ift.tt/eA8V8J