India's Tata Group to Invest $35bn Over 3 Years to Boost Global Status

Company will invest in new areas such as defence and aerospace, retail, infrastructure and finance.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pHWCDw July 31, 2014 at 03:01PM http://ift.tt/eA8V8J

Sony Delists Shares From London After 44 Years

Sony joins Toshiba, Fujitsu and NTT Docomo, which withdrew from London due to lack of investor appetite.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nLUJco July 31, 2014 at 02:07PM http://ift.tt/eA8V8J

Target Hires PepsiCo Executive Brian Cornell as New CEO

US retail giant appointing outsider to top post for first time.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lZTDFp July 31, 2014 at 01:10PM http://ift.tt/eA8V8J

Wikipedia Now Accepts Donations in Bitcoin

Wikimedia Foundation partners with Coinbase to accept bitcoin payments on its website.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pHzSnb July 31, 2014 at 11:45AM http://ift.tt/eA8V8J

Bitcoin Price Drops for 12th Consecutive Day

The last time that bitcoin rates rose from previous close was on 18 July, when it closed at $628.22.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qKsNZC July 30, 2014 at 03:53PM http://ift.tt/eA8V8J

Young Entrepreneurs from Bansal Community Dominate India's Fast-Growing E-Commerce Sector

Young people from Bansal community dominate about 88% of India's indigenous e-tail market.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pEgMhY July 30, 2014 at 01:32PM http://ift.tt/eA8V8J

Congo and Grenada to Be Next Victims as Argentina Braces for Default

Lawsuit between Argentina and holdout creditors would have global impact, according to experts.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AxlAOs July 30, 2014 at 12:29PM http://ift.tt/eA8V8J

Japan Industrial Production Falls at Fastest Pace Since 2011 Earthquake

Industrial production declined 3.3% on month in June due to sales tax hike.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nGLNoA July 30, 2014 at 11:10AM http://ift.tt/eA8V8J

London's Gherkin to Fetch £650m

Savills and Deloitte Real Estate put building on sale, the Guardian reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nQ9Dj0 July 29, 2014 at 01:47PM http://ift.tt/eA8V8J

UBS Pays €300m to Settle German Tax Probe

Second-quarter profit rises 15% on year to 792m francs.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uCnAod July 29, 2014 at 11:52AM http://ift.tt/eA8V8J

Tesco to Stop Selling Products Sourced from Conflict-Hit West Bank

UK retail giant says move not related to ongoing Israel-Gaza conflict.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oEkPOQ July 29, 2014 at 11:08AM http://ift.tt/eA8V8J

Microsoft Being Probed in China Allegedly for Anti-trust

China regulators make surprise visits to Microsoft offices in Beijing, Shanghai, Guangzhou and Chengdu.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rzlVdI July 29, 2014 at 10:58AM http://ift.tt/eA8V8J

Argentina to Meet Mediator in Attempt to Avoid Fresh Debt Default

Argentina's representatives to hold talks in New York as deadline for settlement looms.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uC7drN July 29, 2014 at 09:52AM http://ift.tt/eA8V8J

Hague Arbitration Court Awards $50bn to Former Yukos Shareholders in Major Blow to Russia

Compensation largest arbitration award surpassing $2.473bn won by Dow Chemical in 2012.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zllCYj July 28, 2014 at 03:02PM http://ift.tt/eA8V8J

National Australia Bank Sells £625m of Distressed UK Commercial Property Loans

NAB agreed to sell £625m parcel of distressed loans from its UK commercial real estate portfolio to affiliate of Cerberus Global Investors.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1q7Ucj1 July 28, 2014 at 12:51PM http://ift.tt/eA8V8J

China Warns US Solar Anti-Dumping Duties Will Damage Trade Relations

US has imposed anti-dumping duties ranging from 26% to 165.04% on imports of solar products from China and Taiwan.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pllEuX July 28, 2014 at 12:04PM http://ift.tt/eA8V8J

OSI Group Recalls All Products Made by Scandal-Hit Shanghai Husi Food

Shanghai Husi Food is accused of selling rotten meat to food companies including McDonald's, KFC and Pizza Hut.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Uwn2zV July 28, 2014 at 10:45AM http://ift.tt/eA8V8J

McDonald's Faces Probe in Hong Kong Over Use of Rotten Meat from China

McDonald's Hong Kong admitted it imported tainted meat from China.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rT22iE July 26, 2014 at 04:38PM http://ift.tt/eA8V8J

One in Three People in Monaco Is a Millionaire

Monaco has highest density of millionaires in world at 29.21%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nIlteW July 26, 2014 at 02:49PM http://ift.tt/eA8V8J

Tenant Evictions On the Rise As Landlords Benefit From High Home Prices and Property Shortage

Charity Citizens Advice sees 38% increase in number of tenants who received eviction notices.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1k0qlv0 July 26, 2014 at 01:06PM http://ift.tt/eA8V8J

US Imposes Anti-Dumping Duties up to 165% on Solar Imports from China and Taiwan

Move expected to worsen existing political and trade spat between China and US.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xeQKpy July 26, 2014 at 12:30PM http://ift.tt/eA8V8J

Ecuador to Create Government-Run Digital Currency as It Bans Bitcoin

Country's digital currency to have backing of its central bank, Banco Central del Ecuador.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1t2WN2N July 25, 2014 at 03:49PM http://ift.tt/eA8V8J

Argentina Refuses to Meet Face-to-Face With Vulture Funds as Fresh Default Looms

Issues separating parties remain unresolved at present, according to mediator Daniel Pollack.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xalPL6 July 25, 2014 at 01:56PM http://ift.tt/eA8V8J

China Food Scandal: Shanghai Husi Accused in 2013 of Forging Meat Production Dates

Former employee accused Shanghai Husi of forcing him to do unethical work in lawsuit filed in 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rgtUfj July 25, 2014 at 12:52PM http://ift.tt/eA8V8J

China Plans to Construct Huge Methanol Plant in Shale Gas-Rich Texas to Meet Rising Domestic Demand

Chinese firms, Connell Group of China and Sino Life Insurance, preparing to build methanol production and export facility in Texas.



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

UK Car Production Gets a Boost From New Models and Domestic Market

Car production rises 3.5% to 791,314 units during first half of 2014.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/WIuzwP July 24, 2014 at 03:44PM http://ift.tt/eA8V8J

Husi Food's US Parent Apologises For China Food Scandal As Regulator Expands Probe

US-based OSI Group's Husi Food is accused of selling expired meat products to international food chains including McDonald's and KFC.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/WIljZI July 24, 2014 at 03:19PM http://ift.tt/eA8V8J

TCS Becomes First Indian Company to Cross 50tn-Rupee Market Cap

TCS surpasses Accenture, but follows market leader IBM that is valued at $193.7bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uhzmEq July 24, 2014 at 12:50PM http://ift.tt/eA8V8J

China Manufacturing Activity Rises to 18-Month High on Stimulus Measures

HSBC flash China manufacturing purchasing managers' index rose to 52 in July from 50.7 in June.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1z5XrNA July 24, 2014 at 11:43AM http://ift.tt/eA8V8J

Korea Unveils $11.4bn Stimulus After Sewol Ferry Disaster Hits Economic Growth

The Sewol Ferry Disaster in April hurt consumer sentiment and domestic consumption, leading to a GDP growth decline.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mH9QPj July 24, 2014 at 11:04AM http://ift.tt/eA8V8J

PayPal Offers Interest-Free Working Capital to Small UK Businesses

PayPal earlier successfully tested service in US, lending $140m loans to SMEs since September 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1A5bfJr July 23, 2014 at 04:07PM http://ift.tt/eA8V8J

Alstom Orders More Than Double on South African Rail Contract While Sales Fall

Company booked €8.2bn orders for first quarter, compared to €4.01bn last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rrCqdn July 23, 2014 at 01:15PM http://ift.tt/eA8V8J

China Food Scandal: 100 Tonnes of Stale Meat Found at Shanghai Husi and Five Employees Detained

Authorities suspended operations of Shanghai Husi after allegations that it sold stale meat to food companies including McDonald's and KFC



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1o9yUn9 July 23, 2014 at 12:41PM http://ift.tt/eA8V8J

US Judge Orders Argentina and Vulture Funds to Meet Continuously Until Settlement Reached

Argentina is facing technical default by end of July if it does not make settlement with holdout creditors.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wZasWc July 23, 2014 at 11:58AM http://ift.tt/eA8V8J

Microsoft Expects to Achieve Break-Even at Nokia Unit in Two Years

Losses at Nokia division largely caused Microsoft's disappointing quarterly results.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1o9dre2 July 23, 2014 at 11:12AM http://ift.tt/eA8V8J

Western Sanctions on Russia Could Hurt German Economy With Up to 25,000 Job Losses - Der Spiegel

German economic growth could decline by 0.5% due to sanctions.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rncRKw July 22, 2014 at 04:10PM http://ift.tt/eA8V8J

Global Consumer Confidence Inches Up As US and Europe Come out of Recession: Nielsen Survey

Global consumer confidence increases one index point to 97 in second quarter of 2014.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Wv3Fs4 July 22, 2014 at 01:45PM http://ift.tt/eA8V8J

Starbucks, Burger King and Papa John's Dragged into China Food Scandal

Scandal has already affected Yum Brands's KFC and McDonald's.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sIRhCg July 22, 2014 at 12:33PM http://ift.tt/eA8V8J

Saudi Arabia to Liberalise $531bn Stock Market For Foreign Investment

Kingdom's cabinet authorises overseas financial institutions to trade equities in Tadawul All Share Index.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sIGBU9 July 22, 2014 at 11:50AM http://ift.tt/eA8V8J

Edward Snowden Asks Global Hackers to Develop Anti-Surveillance Technologies

Snowden says he intends to devote much of his time to promoting easy-to-use counter-surveillance technologies.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1n89N35 July 21, 2014 at 01:12PM http://ift.tt/eA8V8J

Tesco CEO Philip Clarke to Step Down, Unilever's Dave Lewis to Replace Him

Top-level management change comes amid challenging market conditions.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wPosBI July 21, 2014 at 01:00PM http://ift.tt/eA8V8J

Huawei's First-Half Revenue up 19% While It Emerges as Major Smartphone Brand

Sales revenue rise 19% year on year to 135.8bn yuan.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1n367QL July 21, 2014 at 11:49AM http://ift.tt/eA8V8J

KFC and McDonald's in Another China Scandal Over Alleged Use of Stale Meat

Companies apologised to Chinese customers after Shanghai food authority suspended their supplier.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wP4rv3 July 21, 2014 at 11:01AM http://ift.tt/eA8V8J

Japan Hires London-Based Private Equity Expert For World's Largest Pension Fund

Hiromichi Mizuno hired as member of investment committee at Japan's $1tn Government Pension Investment Fund.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rpDgZW July 19, 2014 at 03:44PM http://ift.tt/eA8V8J

Malaysia Airlines Confirms Refunds to Passengers Panicked by Downing of MH17

Company will be waiving fees for passengers who wish to make changes to their itinerary.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mqodY4 July 19, 2014 at 03:17PM http://ift.tt/eA8V8J

Bitcoin Market Shows No Enthusiasm Despite Dell's Big Announcement

Dell earlier became largest ecommerce business to accept bitcoin for payments, surpassing Dish Network.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kFh9Hu July 19, 2014 at 01:56PM http://ift.tt/eA8V8J

NSA Employees Enjoyed Sharing Nude Photos Obtained From Surveillance: Edward Snowden

In his latest interview with Guardian, Snowden says NSA employees abused their privileges for personal gratification.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nHqA98 July 19, 2014 at 12:17PM http://ift.tt/eA8V8J

Beijing Home Sales Fall by One Third on Property Cooling Measures

First half sales of residential units in Beijing fell by 35.2% from last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mVt1cV July 18, 2014 at 03:55PM http://ift.tt/eA8V8J

RBS to Close Distressed-Debt Unit as It Shrinks Investment Banking Division

Jon Weiss, global head of special situations group at RBS, leaves as bank prepares to wind down unit.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ni6V5j July 18, 2014 at 03:12PM http://ift.tt/eA8V8J

Malaysia Airlines MH17: Plane Flew Over War Zone Despite Serious Warnings

Lower costs and safe altitude said to have prompted Malaysia Airlines to fly over war-hit region.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jWjW4e July 18, 2014 at 01:34PM http://ift.tt/eA8V8J

Li Keqiang: China Willing to Accept Growth Below 7.5% for Quality and Efficiency

China targets development that creates jobs and favours energy savings and environmental protection.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/UesHtL July 18, 2014 at 12:30PM http://ift.tt/eA8V8J

Google's Chief Business Officer Nikesh Arora Quits to Join SoftBank as Vice Chairman

Arora expanded advertising markets beyond traditional areas and brought display ads to YouTube.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jWa22H July 18, 2014 at 12:05PM http://ift.tt/eA8V8J

Malaysia Airlines MH17 Crash: Company Shares Plunge About 18% on Second Disaster in Four Months

Malaysia Airlines shares earlier fell 17.8% at 0.185 ringgit on Kuala Lumpur stock exchange.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/UejWQH July 18, 2014 at 10:40AM http://ift.tt/eA8V8J

European Carmakers Volkswagen and Fiat in Talks for Mega Merger

Germany's Manager Magazin reported that companies are engaged in top-level talks.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yvK9JJ July 17, 2014 at 04:15PM http://ift.tt/eA8V8J

Football World Cup Russia 2018 to be Most Expensive Ever

Tournament in 2018 would cost Russia $11,500 per seat, compared to $6,500 for Brazil in 2014, according to Der Spiegel.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/WdJAX9 July 17, 2014 at 03:14PM http://ift.tt/eA8V8J

China's State-Owned Firms Record Higher Profit as Mini-Stimulus Measures Help Revive Economy

State-owned enterprises report total profit of 1.22tn yuan for first half, up 8.9% from previous year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zLpTWb July 17, 2014 at 12:53PM http://ift.tt/eA8V8J

Microsoft to Announce Biggest Staff Layoff, Mostly From Nokia Business

Microsoft expected to announce more than 6,000 job cuts, the biggest in company's history.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mWHLYv July 17, 2014 at 11:54AM http://ift.tt/eA8V8J

Yahoo Executive Maria Zhang Files Defamation Case Against Sexual Harassment Accuser Nan Shi

Complaint alleges that Shi made false claims that ruined Zhang's professional and personal reputation.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kxZWzI July 17, 2014 at 10:57AM http://ift.tt/eA8V8J

US Federal Debt to Reach 106% of GDP in 25 Years on Growing Budget Deficits

Federal debt is now equivalent to about 74% of GDP, highest level in US history except period around World War II.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oHAusC July 16, 2014 at 05:00PM http://ift.tt/eA8V8J

Japanese Messaging App Operator Line Files For Tokyo IPO at $9.6bn Valuation

Line is also considering separate listing in US.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nHGXr8 July 16, 2014 at 02:57PM http://ift.tt/eA8V8J

$100bn New Brics Development Bank to Rival World Bank and IMF

The bank based in Shanghai comes with a $100bn currency pool.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1l2oFfe July 16, 2014 at 12:46PM http://ift.tt/eA8V8J

China Removes Oil Rig in Disputed Paracel Islands, Easing Tensions with Vietnam

China's rig deployment in May augmented tensions with Vietnam and led to anti-China riots in the southeast Asian nation.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1t1SZMf July 16, 2014 at 11:58AM http://ift.tt/eA8V8J

India Plans $3bn Stake Sale in State-Owned ONGC

India targets $10.5bn privatisation revenues in the current fiscal year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ylvAse July 15, 2014 at 04:00PM http://ift.tt/eA8V8J

Big China Banks Halt Controversial Yuan Remittance Scheme After Money Laundering Allegations

China Central Television earlier alleged that Bank of China is helping launder money through 'Youhuitong' service.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wp2dlZ July 15, 2014 at 01:55PM http://ift.tt/eA8V8J

Germany's DAX Gains After World Cup Final Win As Argentine Shares Lag

Argentine shares lagged behind other indices in region, while Germany's DAX performed well.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1n5i2P5 July 15, 2014 at 12:47PM http://ift.tt/eA8V8J

Microsoft to Lay Off Thousands as it Integrates Nokia's Handset Business

Job cuts to be announced would be biggest in Microsoft history, topping 5,800 layoffs in 2009.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1shTdBB July 15, 2014 at 11:50AM http://ift.tt/eA8V8J

Vulture Fund Warns Argentina of Fresh Default and Seeks Immediate Talks

Aurelius Capital Management says Argentina still has time to engage in serious negotiations and avoid default.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wouUQ6 July 15, 2014 at 10:41AM http://ift.tt/eA8V8J

China Riled by West Hitting the Brics

Xinhua news agency opposes claims in West that five Brics economies are fragile and fading.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mNTyYM July 14, 2014 at 03:57PM http://ift.tt/eA8V8J

Shire Recommends AbbVie's Sweetened £31bn Takeover Proposal

Shire board is in detailed discussions with AbbVie in relation to sweetened £53.20 per Shire share offer.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kU8IaX July 14, 2014 at 01:20PM http://ift.tt/eA8V8J

China Indicts British-American Couple Who Worked as GlaxoSmithKline's 'Private Eyes'

British investigator Peter Humphrey and his wife Yingzeng Yu were formally indicted for allegedly obtaining and selling private information illegally.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qXj0wI July 14, 2014 at 12:06PM http://ift.tt/eA8V8J

Samsung Suspends Chinese Supplier Accused of Child Labour

Samsung found evidence of child labour at its supplier, Dongguan Shinyang Electronics.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oVauLL July 14, 2014 at 10:56AM http://ift.tt/eA8V8J

Air India-Operated Boeing 787 Dreamliner Grounded in Sydney Due to Landing Gear Glitch

Air India has faced troubles with Dreamliner three times this week.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nhkOec July 12, 2014 at 05:06PM http://ift.tt/eA8V8J

Europe Keen on Bitcoin Regulatory Framework as Digital Currency Gains Popularity

Poland, France and Italy have made fresh announcements regarding regulation of digital currencies.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1y7oCqF July 12, 2014 at 03:30PM http://ift.tt/eA8V8J

Top Level Female Yahoo Executive Sued by Former Subordinate for Sexual Harassment

Maria Zhang, senior director of engineering at Yahoo Mobile, sued by former employee Nan Shi for coercive oral and digital sex.



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

Shire in Early Stage Talks with US Rival AbbVie for £30bn Merger

Deal would shift AbbVie's tax regime to UK, reducing its corporate tax rate significantly.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oNFsVY July 12, 2014 at 11:19AM http://ift.tt/eA8V8J

Bitcoin Venture Capital Investments Soar 28% on Increased Optimism

Venture capital investments in bitcoin totalled $73m in second quarter, up 28% from first quarter.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oJUVq4 July 11, 2014 at 03:15PM http://ift.tt/eA8V8J

Argentine Economy Minister Axel Kicillof Not to Participate in Settlement Talks with Vulture Funds

Delegation to meet court-appointed mediator will be formed by economy ministry's judicial and financial team.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mmpzrA July 11, 2014 at 01:18PM http://ift.tt/eA8V8J

FX Fixing Scandal: FCA Expects More Foreign Regulators Involved as Investigation Widens

FCA received 52 requests from foreign regulators in 2013/14 for assistance on forex inquiries.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mFhpKe July 11, 2014 at 12:49PM http://ift.tt/eA8V8J

China to Liberalise Interest Rates in Two Years: Central Bank Chief

China's central bank governor Zhou Xiaochuan said reforms are necessary for China.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kcdaBP July 11, 2014 at 12:08PM http://ift.tt/eA8V8J

China Central Bank Verifying Money Laundering Allegations Against State-Owned Bank of China

Bank of China is accused of money laundering via its Youhuitong service.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1op2dxZ July 11, 2014 at 11:36AM http://ift.tt/eA8V8J

Improved China Trade Data Signals Near-Term Growth Rebound

Exports for June rose 7.2%, compared to May's growth of 7%, and trade surplus remained about $30bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qYIiwd July 10, 2014 at 05:12PM http://ift.tt/eA8V8J

India Budget 2014: Income Tax Reforms Unlikely to Help Consumers Amid Soaring Inflation

While Arun Jaitely's budget provided some help to lower and middle income groups, it would not be sufficient as living costs surge.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xXhBJ5 July 10, 2014 at 04:38PM http://ift.tt/eA8V8J

BNP Paribas Pleads Guilty For Second Time in US Sanctions Case

BNP earlier pleaded guilty and agreed to pay $8.9bn to US authorities to settle probe.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rWKzrN July 10, 2014 at 03:26PM http://ift.tt/eA8V8J

China Hesitant to Ease Yuan Control Amid Growth Slowdown

Global economic recovery depends on situation in US due to economic weakness in China, says Chinese Finance Minister Lou Jiwei.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mibQSC July 10, 2014 at 11:43AM http://ift.tt/eA8V8J

India Budget 2014 - LIVE BLOG: FDI in Defence, Insurance Raised to 49% Through FIPB Route

The newly-elected government of India under Narendera Modi is presenting its maiden budget on 10 July.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rVVRMW July 10, 2014 at 11:03AM http://ift.tt/eA8V8J

Siri Faces Patent Threat as Apple Loses China Lawsuit Over Voice Recognition Technology

Apple loses a patent lawsuit against Shanghai Zhizhen Network Technology.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xR2KQh July 09, 2014 at 02:51PM http://ift.tt/eA8V8J

Britain's SFO Arrests Airbus Staff Over Alleged Saudi Corruption

FT reported that SFO questioned four former and current employees at Airbus's Saudi Arabian unit.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/VWYVeQ July 09, 2014 at 01:08PM http://ift.tt/eA8V8J

Shanghai Allows Luxury Home Sales as Chinese Cities Ease Property Cooling Measures

Shenzhen Overseas Chinese Town was allowed to sell houses in central Shanghai at record prices close to 300,000 yuan.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xQv7xY July 09, 2014 at 12:01PM http://ift.tt/eA8V8J

Citigroup Nearing $7bn Settlement With US Authorities Over Mortgage Probe

US Justice Department had demanded $10bn from Citigroup.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zoouVf July 09, 2014 at 10:31AM http://ift.tt/eA8V8J

India Proposes FDI and Private Investment in Railway to Modernise Facilities

FDI only in infrastructure and not operations, says railway minister Sadananda Gowda.



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

France's Carrefour Exits India Market Amid Stiff Opposition to Retail FDI

Carrefour will close its five cash & carry stores in India.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1r4Z6iC July 08, 2014 at 12:39PM http://ift.tt/eA8V8J

Samsung to Post Third Straight Quarterly Profit Decline as Smartphone Market Saturates

Second quarter operating profit is expected to decline 25% amid strong won and declining smartphone sales.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1jjJXtU July 08, 2014 at 11:35AM http://ift.tt/eA8V8J

Edward Snowden Cannot Mount 'Meaningful' Defence in US – Wikileaks's Julian Assange

Assange says US will take recourse to state secrets privilege to deny fair trial.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rKKPKy July 08, 2014 at 10:48AM http://ift.tt/eA8V8J

New Benchmarks Show One in Three Indians Below Poverty Line

Poverty standards as per new benchmarks are being criticised for making "neither common sense nor economic sense."



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oAG0A0 July 07, 2014 at 03:06PM http://ift.tt/eA8V8J

UK Consumer Spending Rises to 4-Year High on Football World Cup

Consumer spending rose 0.6% on year in June, rounding off fastest growing quarter since mid-2010.



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

India's Reliance Communications to Slash 37% Workforce in Major Restructuring Move

Reliance Communications employs 15,000 people, out of which some 6,000 employees will lose their jobs.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/VxU17K July 07, 2014 at 11:56AM http://ift.tt/eA8V8J

George Osborne and William Hague Begin India Visit to Woo Pro-Business Modi Government

Britain is looking for investment opportunities in India's defence and infrastructure sectors.



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

Britain to Overtake France as Second Largest EU Economy by 2020

Britain to remain sixth largest economy in 2030, despite tough competition from emerging nations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1j80NvQ July 05, 2014 at 04:19PM http://ift.tt/eA8V8J

Apple Hires Tag Heuer's Patrick Pruniaux Ahead of iWatch Launch

High-level appointment follows those from Burberry and Yves Saint Laurent.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1q4IxSA July 05, 2014 at 02:38PM http://ift.tt/eA8V8J

Caught Between 'Partial' Judge and Debt Default, Argentina Looks for Settlement with 'Vulture Funds'

Argentina is sending its team to New York on 7 July to discuss settlement with holdout funds.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qXlyKD July 05, 2014 at 11:59AM http://ift.tt/eA8V8J

EBA Bars EU Banks from Dealing in Digital Currencies Like Bitcoin

Watchdog says EU banks should not buy, hold or sell digital currencies such as bitcoin until there is effective regulatory regime in place.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mQLEcM July 04, 2014 at 05:03PM http://ift.tt/eA8V8J

UK Car Sales Rise to 1.3 Million Units On High Demand For Alternatively-Fuelled Vehicles

Registrations for alternatively-fuelled vehicles rose 51.3% to 23,337 units year-to-date



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rsL7Wg July 04, 2014 at 03:24PM http://ift.tt/eA8V8J

China to Set Up Yuan Clearing House in Seoul, Posing Further Competition to US Dollar

Peoples' Bank of China has signed memorandum of understanding with Bank of Korea for renminbi clearing house in Korean capital.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xqavfL July 04, 2014 at 01:46PM http://ift.tt/eA8V8J

Founding Family's Thierry Peugeot Quits Board Over Government-Backed China Deal

His sister Marie-Helene Roncoroni will replace him as deputy chair.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qE5CPB July 04, 2014 at 12:54PM http://ift.tt/eA8V8J

US Grounds Entire Fleet of F-35 Jets For More Inspections After Runway Fire

Move comes after after one plane caught fire on runway at Florida airbase.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zcbNwD July 04, 2014 at 11:59AM http://ift.tt/eA8V8J

Bitcoin May Be Legalised in Russia: Central Bank Deputy Chairman

Bank of Russia's deputy chairman Georgy Luntovsky said bitcoins may be "the future."



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mN7aPH July 03, 2014 at 04:41PM http://ift.tt/eA8V8J

India's BSE Resumes Trading After 3-Hour Outage

BSE had suffered from network outage after closing at record high on 2 July.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lBI6uN July 03, 2014 at 03:26PM http://ift.tt/eA8V8J

Jamie Dimon's Throat Cancer Invites Scrutiny About JPMorgan Succession Plan

Dimon, who occupies the chief executive and chairman roles at the bank, has earlier been diagnosed with throat cancer.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lVG9hy July 03, 2014 at 02:05PM http://ift.tt/eA8V8J

Peugeot to Build Fourth Plant in China to Take Advantage of Rising Car Demand

Peugeot and local partner Dongfeng get approval to build new plant in Chengdu.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qpvA7Z July 03, 2014 at 01:07PM http://ift.tt/eA8V8J

Facebook Buys Tech Start-Up LiveRail to Boost Video Ad Business

LiveRail helps companies that are looking to place video ads on websites and apps.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1iYyUWV July 03, 2014 at 12:02PM http://ift.tt/eA8V8J

Silk Road Bitcoins Worth $19.2m All Sold to Mystery Bidder

Some 30,000 bitcoins were sold at auction at current market rates of about $640 a piece.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ri3Cwv July 02, 2014 at 05:53PM http://ift.tt/eA8V8J

Texas Shale Boom to Trump Iraq's Opec Status

US state of Texas pumped more than three million barrels per day in April, almost equivalent to Iraq's monthly production.



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

German Economists Call for €100bn Eurozone Investment Fund

Eurozone's investment gap is 2% of gross domestic product or around €200bn annually, according to German Institute for Economic Research.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qPWYLA July 02, 2014 at 03:30PM http://ift.tt/eA8V8J

Bank of England Forms New Economic Data Unit Under Andy Haldane

Move is part of BoE governor Mark Carney's efforts to restructure central bank's operations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qjLZun July 02, 2014 at 01:41PM http://ift.tt/eA8V8J

JPMorgan CEO Jamie Dimon Reveals He Has Early Stage Throat Cancer

Dimon said the ailment is curable and will not significantly affect his work.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1omTbEE July 02, 2014 at 11:53AM http://ift.tt/eA8V8J

Tata Steel to Cut 400 Jobs in Port Talbot As Lower Demand in European Market Hurts Business

Tata Steel has faced long-term downturn in European steel markets for more than five years.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rby8bb July 01, 2014 at 05:07PM http://ift.tt/eA8V8J

NSA Was Allowed to Spy on India's BJP And Egypt's Muslim Brotherhood: Snowden Documents

US court allowed NSA in 2010 to spy on 193 foreign governments and political organisations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vrkG0T July 01, 2014 at 04:04PM http://ift.tt/eA8V8J

India Signs Agreement to Attract Chinese Investments in Industrial Parks

Agreement is part of India's move to shrink its trade deficit with China.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pGnv0K July 01, 2014 at 02:45PM http://ift.tt/eA8V8J

Heathrow Airport Plans to Raise Landing Fees by 20% to Cover Costs of Proposed £16.8bn Third Runway

John Holland-Kaye, CEO of Heathrow Airport Holdings, tells FT he is confident about obtaining approval for third runway.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1x9Cyju July 01, 2014 at 01:52PM http://ift.tt/eA8V8J

Argentina Refuses to Engage in Settlement Talks With 'Vulture Funds' as 30-Day Grace Period Begins

Argentina will fall into technical default without settling issues with holdout funds in 30 days.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1x9nvX7 July 01, 2014 at 12:43PM http://ift.tt/eA8V8J