Sunday, August 31, 2014

China Manufacturing Cools as Mini-Stimulus Effect 'Fading Fast'

Weak PMI data for August likely to prompt further policy easing by authorities.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1r2jyC1 September 01, 2014 at 12:02PM http://ift.tt/eA8V8J

Friday, August 29, 2014

Vivendi Selects Telefonica's €7.5bn Bid for Brazil Broadband Unit

Decision comes as major blow for Telecom Italia, which offered €7bn for GVT.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tReP6a August 29, 2014 at 12:48PM http://ift.tt/eA8V8J

Thursday, August 28, 2014

China's Wanda, Tencent and Baidu Join Hands for $814m E-commerce Firm

Companies look to gain from high-growth e-commerce market in China, dominated by Alibaba.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/XXuB4Q August 29, 2014 at 11:59AM http://ift.tt/eA8V8J

Argentina Debt Fallout: New Rules Proposed to Prevent Similar Defaults

New rules would limit holdout creditors' ability to litigate and undermine sovereign debt restructurings.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qILyKD August 29, 2014 at 11:21AM http://ift.tt/eA8V8J

Russia's Sberbank Offers Free Cats on Home Loans

Russian lender looking to cash in on popular superstition and boost mortgage business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qa9S8s August 29, 2014 at 10:27AM http://ift.tt/eA8V8J

GSK's Experimental Ebola Vaccine Approved for Testing on Humans

GSK is developing the vaccine with the Vaccine Research Centre of America's National Institutes of Health.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p9SBXJ August 28, 2014 at 03:24PM http://ift.tt/eA8V8J

Telecom Italia and Telefonica Compete for Vivendi's Brazilian Broadband Unit GVT

Telefonica increased its offer for GVT to €7.5bn, after Telecom Italia offered €7bn in cash and stock.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/XUQLF3 August 28, 2014 at 02:54PM http://ift.tt/eA8V8J

Shanghai FTZ to Set up 8 International Platforms to Trade Commodities

Focus will be on transactions in oil, gas, iron ore, cotton, liquid chemicals, silver, bulk commodities and nonferrous metals.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zISBEl August 28, 2014 at 12:36PM http://ift.tt/eA8V8J

Microsoft Boss Satya Nadella to Visit China Amid Antitrust Headache

Satya Nadella is visiting China in late September, Reuters reported.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mVD1zi August 28, 2014 at 12:18PM http://ift.tt/eA8V8J

Wednesday, August 27, 2014

Japan's Toto Opens New Plant in India as Narendra Modi Plans Toilets for All Homes

Sanitary-ware maker Toto opened a plant in Gujarat, spending $58m.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tJeYZy August 27, 2014 at 04:14PM http://ift.tt/eA8V8J

Air India Website Crashes as National Carrier Offers £1 Tickets for Five Days

Air India is celebrating 'Air India Day' on 27 August, and is offering tickets for as low as 100 rupees.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qughen August 27, 2014 at 01:36PM http://ift.tt/eA8V8J

100,000 Employees in Korea's Financial Sector Set for One-Day Strike Against Job Cuts

Korea Financial Industry Union, representing 37 financial firms, is organising the strike on 3 September.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qgnGgv August 27, 2014 at 12:40PM http://ift.tt/eA8V8J

Tuesday, August 26, 2014

Malaysia Airlines Likely to Cut 25% Staff as Part of Restructuring

Disaster-hit airline may also reduce routes and change its leadership.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1szuC7N August 27, 2014 at 12:03PM http://ift.tt/eA8V8J

Food Safety Scare Grows as China Seizes 30,000 Tonnes of Tainted Chicken Feet

Chicken feet contaminated with hydrogen peroxide were seized from different provinces in China, according to Xinhua.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mMfLUg August 26, 2014 at 04:42PM http://ift.tt/eA8V8J

China Investigates Microsoft's Sale of Media Player and Web Browser in Antitrust Probe

Microsoft is yet to provide full information related to Windows and Office software, as well as problems in sales of its media player and browser, according to SAIC.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rwP7X8 August 26, 2014 at 03:39PM http://ift.tt/eA8V8J

Amazon Buys Gaming Forum Twitch for $970m

Twitch has more than 55 million monthly active users and represented 1.35% of all Internet traffic in March.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tEqsxo August 26, 2014 at 01:09PM http://ift.tt/eA8V8J

Warren Buffett to Financially Help Burger King in Tim Hortons Acquisition

Buffett's Berkshire Hathaway to provide 25% of deal's financing in form of preferred shares, WSJ reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1stBKCC August 26, 2014 at 12:35PM http://ift.tt/eA8V8J

UK Growth Momentum to Ease in Second Half As Service Sector Cools

CBI survey shows business volumes rose at weakest rate in three months to August.



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

Monday, August 25, 2014

Bitcoin Villain Mark Karpelès Gets into Web Hosting Business

Karpelès launches new web hosting service, Forever.net.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p8vgLW August 25, 2014 at 06:01PM http://ift.tt/eA8V8J

China Hints at 'Expropriation' of German Auto Parts Makers' Assets

Three German auto parts makers 'told' by China to form joint ventures with local peers to continue operations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1t63KQY August 25, 2014 at 04:31PM http://ift.tt/eA8V8J

Former Goldman Sachs Banker Joins F1's Board as Bernie Ecclestone Returns After £60m Settlement

Sean Mahoney to join board of Delta Topco, owner of FI Group.



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

Vince Cable Proposes Legislation to Force Large Firms to Disclose Salary Details of High Earners

Proposal announced by Cable would be included in Liberal Democrats' election manifesto.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nsRId8 August 25, 2014 at 01:51PM http://ift.tt/eA8V8J

Roche to Buy US Biotech Company InterMune for $8.3bn

InterMune's lead medicine pirfenidone is approved for the fatal disease idiopathic pulmonary fibrosis in the EU and Canada and is under regulatory review in the US.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qFn5lR August 25, 2014 at 12:50PM http://ift.tt/eA8V8J

Sunday, August 24, 2014

Burger King in Merger Talks with Canada's Tim Hortons to Avoid High US Corporate Tax

Merger would create world's third-largest quick service restaurant chain with market cap of $18bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mGF4at August 25, 2014 at 11:52AM http://ift.tt/eA8V8J

Saturday, August 23, 2014

Japanese Firms Suffer from Labour Shortage as Working Population Ages Rapidly

Reuters survey finds Japanese firms are finding it difficult to attract workers and retain them.



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

Argentina Accuses US Judge of Using 'Imperialist Expressions'

US Judge Thomas Griesa earlier ruled Argentina's proposed debt swap illegal.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vuYg0j August 23, 2014 at 01:34PM http://ift.tt/eA8V8J

First-Time Home Buyers in UK Save £1,300 Per Year Compared to Renters

Falling mortgage rates make buying better option for people than renting.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tuKj1X August 23, 2014 at 12:25PM http://ift.tt/eA8V8J

Friday, August 22, 2014

HSBC Faces $250m US Lawsuit for 'Ignoring Signs of Fraud of Late David Elias'

Bank allegedly ignored warnings that late entrepreneur David Elias was committing fraud through investment vehicle.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AGlgw6 August 23, 2014 at 11:45AM http://ift.tt/eA8V8J

LSE Plans £938m Rights Issue to Fund Frank Russell Acquisition

The London Stock Exchange Group intends to raise £938m ($1.56bn, €1.17bn) from shareholders.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pPVuSt August 22, 2014 at 02:00PM http://ift.tt/eA8V8J

EBay 'to Spin Off PayPal as Early as 2015'

Activist investor Carl Icahn had earlier opined that PayPal can grow faster if it becomes separate.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oXxxcO August 22, 2014 at 12:48PM http://ift.tt/eA8V8J

Thursday, August 21, 2014

US Judge Rules Argentina's Debt Swap Proposal Illegal

Argentina proposes to pay its bondholders locally as US judge banned country's payment through New York bank.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/XEqrPd August 22, 2014 at 11:46AM http://ift.tt/eA8V8J

iPhone 6 Sales Expected to Hit 10 Million in First Week

Every new iPhone has experienced a better start than its predecessor.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vlbtZn August 21, 2014 at 03:45PM http://ift.tt/eA8V8J

Toyota Cuts Lexus Spare Parts Prices in China Amid Heightened Antitrust Scrutiny

Prices of about 15,000 parts will be cut by average 26% from September.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/XCihqG August 21, 2014 at 03:12PM http://ift.tt/eA8V8J

Former Malaysia Airlines CEO Idris Jala Denies Rumours of Return to Ailing National Carrier

A local newspaper had earlier reported that Jala and Jamaludin Ibrahim, CEO of telecoms firm Axiata, are likely candidates for top post at airline.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ofUhi7 August 21, 2014 at 01:22PM http://ift.tt/eA8V8J

AirAsia to Benefit From Lower Capacity as MAS Revamps Operations

Disaster-hit Malaysian Airline System is expected reduce domestic capacity, easing price competition among carriers.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vkFNmO August 21, 2014 at 12:49PM http://ift.tt/eA8V8J

Wednesday, August 20, 2014

HP Profit Declines Despite Surprise Rise in PC Sales

Quarterly revenues improved 1% to $27.6bn, driven by 12% increase in PC sales



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kWVKin August 21, 2014 at 11:45AM http://ift.tt/eA8V8J

India: Loan Defaulter Winsome Group May Have Routed Money Offshore and Defrauded Banks

Winsome defaulted on its 65.81bn rupee loans and is facing criminal investigation in India.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/VEWtZy August 20, 2014 at 04:31PM http://ift.tt/eA8V8J

China's 'War on Pollution' Sees Coal Drop for First Time in Century

Growth in coal imports remained halted in first half, while domestic production declined.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pK9Cg9 August 20, 2014 at 01:52PM http://ift.tt/eA8V8J

Argentina Offers Voluntary Debt Swap to Pay Bond Holders Locally

President Cristina Fernández proposed legislation allowing voluntary swap for holders of debt issued under foreign law.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qoOlF1 August 20, 2014 at 12:48PM http://ift.tt/eA8V8J

Tuesday, August 19, 2014

Citigroup Plans Japan Retail Banking Exit amid Low Interest Rates

Bank will retain its commercial and investment banking businesses in Japan.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rlzx0a August 20, 2014 at 11:51AM http://ift.tt/eA8V8J

China Slaps 12 Japanese Auto-Parts Makers with Record $200m Fine for Price Fixing

Sumitomo Electric received biggest individual fine of 290.4m yuan, equivalent to 6% of its annual China revenues.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1n8oMal August 20, 2014 at 11:26AM http://ift.tt/eA8V8J

China States Foreign Investment Dip Not Linked to Regulatory Probes

Foreign Direct Investment into China declined 16.95% to $7.81bn in July – the lowest since July 2012.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p9qXza August 19, 2014 at 05:04PM http://ift.tt/eA8V8J

BHP Billiton Plans Spurn London Investors

London shareholders were expecting payouts from BHP in connection with its spin-off of some assets into new company.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pEttgq August 19, 2014 at 03:46PM http://ift.tt/eA8V8J

China: Panic Sales By Corrupt Officials Cool Property Market

Ongoing anti-graft campaign in China prompts many corrupt officials to sell their properties.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/Yt4hj7 August 19, 2014 at 02:23PM http://ift.tt/eA8V8J

Standard Chartered Close to Paying up to $300m to Settle US Probe over Compliance

US regulators accused the bank of failing to catch millions of higher-risk transactions that should have been examined further.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Au45hh August 19, 2014 at 01:02PM http://ift.tt/eA8V8J

Monday, August 18, 2014

Experts Group Launches Independent Probe to Unveil Mt Gox Mystery

Popular bitcoin exchange Mt Gox collapsed after suffering from alleged hacker attacks.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pVRf6B August 18, 2014 at 04:37PM http://ift.tt/eA8V8J

Mercedes-Benz Accused of Price Manipulation in China

Jiangsu Province Price Bureau launched an investigation into Mercedes-Benz in July and raided its dealerships.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1o4EYc8 August 18, 2014 at 02:18PM http://ift.tt/eA8V8J

Home Prices Fall in More Chinese Cities as Property Market Cools

Out of 70 major Chinese cities tracked by the government, 64 saw month-on-month price declines for new homes in July, compared with 55 in June.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p4Y07v August 18, 2014 at 01:41PM http://ift.tt/eA8V8J

Sultan of Brunei Makes $2.2bn Bid for Sahara Group's New York and London Hotels

Hassanal Bolkiah offers to acquire New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tekIsY August 18, 2014 at 12:51PM http://ift.tt/eA8V8J

Saturday, August 16, 2014

Foreign Holdings in US Treasury Debt Cross $6tn for First Time

Total foreign holdings in treasury debt rose 0.6% to $6.01 trillion in June from $5.98tn in May.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oYv6po August 16, 2014 at 04:10PM http://ift.tt/eA8V8J

Rare Ferrari GTO Fetches Record $38m at Auction

Price topped previous record of 1954 Mercedes-Benz W196 R F1 Racer, which was sold for $30m in 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1oYkmY0 August 16, 2014 at 02:56PM http://ift.tt/eA8V8J

Lenovo's $2.3bn Acquisition of IBM Server Unit Cleared by US

US regulators approve sale after reviewing deal in relation to national security.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1plksIS August 16, 2014 at 01:13PM http://ift.tt/eA8V8J

Argentina's Eurobond Holders Looking to Appeal US Ruling to Block Coupon Payments

Bondholders argue that their bonds should be treated under English and Welsh law.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/YfVwJ3 August 16, 2014 at 12:21PM http://ift.tt/eA8V8J

Thursday, August 14, 2014

Apple's Late CEO Steve Jobs Sued by Shareholder Over 'Zealous Pursuit of Profits'

Shareholder R Andre Klein filed a lawsuit against Apple and Jobs over its recruitment agreement with rivals.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1mMfznS August 14, 2014 at 04:26PM http://ift.tt/eA8V8J

Bitcoin Price Falls Below $500 as US Watchdog's Warnings Hurt Investor Morale

Bitcoin opened at $544.57 and fell to as low as $499.89 on 14 August.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/VosdC8 August 14, 2014 at 03:11PM http://ift.tt/eA8V8J

Lenovo Profit Surges 23% as it Becomes Major Smartphone Player

Lenovo is currently the fourth-largest smartphone maker with a market share of 5.4%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sWS1Az August 14, 2014 at 01:17PM http://ift.tt/eA8V8J

India's Adani Signs Deal to Acquire Lanco Infratech's Power Plant

Gautam Adani's firm buying Lanco's Udupi power plant in Karnataka state.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vLeNRt August 14, 2014 at 12:51PM http://ift.tt/eA8V8J

Wednesday, August 13, 2014

South Korea Central Bank Cuts Interest Rate to Boost Growth

Bank of Korea lowers seven-day repurchase rate to 2.25% from 2.5%



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sWC0uE August 14, 2014 at 11:48AM http://ift.tt/eA8V8J

Poland and Norway to be Hardest Hit by Russian Sanctions

Poland exports over $1.12bn of agricultural products to Russia every year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rreogt August 13, 2014 at 08:46PM http://ift.tt/eA8V8J

India Central Bank's Hands Tied as Inflation Rises More Than Expected

Consumer-price index rose 7.96% in July from last year, compared with revised 7.46% in June.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1p4v0Mp August 13, 2014 at 01:15PM http://ift.tt/eA8V8J

Tuesday, August 12, 2014

Japan GDP Falls Most Since 2011 Quake on Sales Tax Hike

GDP declined annualised 6.8% in second quarter, compared to economists' projections for 7.1% drop



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uqw4xK August 13, 2014 at 11:58AM http://ift.tt/eA8V8J

French Current Account Deficit More Than Doubles on BNP Paribas Fine

June current account deficit would have been €3.1bn in absence of BNP Paribas fine.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sxB2br August 12, 2014 at 03:46PM http://ift.tt/eA8V8J

Curved Screens and Wearable Devices Not to Help Samsung and Apple

Samsung and Apple are set to lose significant share in global smartphone market by 2015, according to Fitch.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/VhShie August 12, 2014 at 03:09PM http://ift.tt/eA8V8J

Colgate Total Toothpaste Includes Chemical Ingredient Linked to Cancer

Antibacterial chemical triclosan has been linked to cancer-cell growth and disrupted development in animals.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/XZpJvQ August 12, 2014 at 01:19PM http://ift.tt/eA8V8J

Monday, August 11, 2014

GlaxoSmithKline Faces Fresh Bribery Allegations in Syria

Company allegedly paid bribes to doctors and officials in cash and kind.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sLiQaU August 12, 2014 at 10:43AM http://ift.tt/eA8V8J

China's Baidu Warned Over Porn Content on Cloud Storage Service

Some accounts on Baidu Cloud found to have contained obscene and pornographic content.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kVXo42 August 11, 2014 at 03:57PM http://ift.tt/eA8V8J

China Growth Boom to Last Another 20 Years

Former World Bank chief economist says China growth could stick at 8% thanks to late developing advantage.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/VeUmLG August 11, 2014 at 01:30PM http://ift.tt/eA8V8J

Malaysia Airlines Shares Surge 10% on State-Funded Buyout Plan

Malaysian state fund Khazanah Nasional will fully acquire airlines with 1.38bn ringitt spending.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1r4BI8d August 11, 2014 at 12:23PM http://ift.tt/eA8V8J

Sunday, August 10, 2014

McDonald's and Yum Reveal China Supplier Details After Shanghai Watchdog Request

McDonald's and Yum have been hit by recent rotten meat scandal in China.



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

Saturday, August 9, 2014

McDonald's Sales Decline on China Meat Scandal

Global comparable sales at US fast-food giant declined 2.5% in July.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vp5GWy August 09, 2014 at 02:27PM http://ift.tt/eA8V8J

Bitcoin Suspected to Be NSA or CIA Project

Name Satoshi Nakamoto, founder of bitcion, means central intelligence in Japanese.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1u9j2o8 August 09, 2014 at 01:37PM http://ift.tt/eA8V8J

Friday, August 8, 2014

China Inflation Remains within Government Target Range Helping Consumption-Led Growth Model

Consumer price index inflation remained unchanged at 2.3% year over year in July.



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

China Denies Media Reports of Banning Apple Products from Government Procurement Lists

Bloomberg earlier reported that 10 Apple products including MacBook laptops and iPad tablets were taken off government list.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sEsBse August 08, 2014 at 05:34PM http://ift.tt/eA8V8J

China Posts Record Trade Surplus as Exports Surge

China's exports rose 14.5% year over year in July, leading to record trade surplus of $47.3bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AZTCeG August 08, 2014 at 03:32PM http://ift.tt/eA8V8J

Facebook Buys Server Security Firm PrivateCore to Bolster User Data Protection

PrivateCore provides software that protects servers from malware, unauthorised access, and malicious hardware devices.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/XLf4Vt August 08, 2014 at 01:12PM http://ift.tt/eA8V8J

Disaster-Hit Malaysia Airlines to Be Delisted after State Buyout

Khazanah Nasional, Malaysia's state investment company, will acquire remaining shares in MAS for 1.38bn ringitt.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ovKy7h August 08, 2014 at 12:37PM http://ift.tt/eA8V8J

Thursday, August 7, 2014

Argentina Sues US at UN International Court of Justice Over Debt Default

Argentina alleges that US 2nd Circuit Court's ruling in favour of holdout creditors violates its sovereignty.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sDnU1Z August 08, 2014 at 11:34AM http://ift.tt/eA8V8J

India's Central Bank Chief Warns of 'Another Crash' in Global Financial Markets

India's Central Bank chief Raghuram Rajan is known for his prediction of 2008 financial crisis.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AWP9t6 August 07, 2014 at 01:56PM http://ift.tt/eA8V8J

Bank of New York Mellon Ordered to Hold Argentina's Bond Fund by US Judge

Judge Thomas Griesa ordered Bank of New York Mellon to hold on to deposited funds, despite formal demand from Argentina.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kK6jFR August 07, 2014 at 01:00PM http://ift.tt/eA8V8J

Bank of America Eyes Record $17bn Mortgages Settlement

Settlement amount surpasses $13bn paid by JPMorgan over similar issues in November 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1upuXeT August 07, 2014 at 12:17PM http://ift.tt/eA8V8J

Wednesday, August 6, 2014

How to Protect Your Bitcoin from Hackers

NeoMam Studios analyses extent to which bitcoins are secure and provides tips to protect them from thieves.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lzCQsX August 06, 2014 at 04:45PM http://ift.tt/eA8V8J

Gaza Strip Crisis: War Costs Total $6bn For Palestine and $2bn for Israel

Gaza worst hit in conflict while Israel's businesses and tourism sector suffer a big blow.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/X1aDWx August 06, 2014 at 04:30PM http://ift.tt/eA8V8J

Argentina to Move Against Court Order and Force Intermediary Banks for Payouts to Bondholders

Argentina's economy ministry said it will formally demand banks make payouts to holders of restructured bonds.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1sulClN August 06, 2014 at 03:23PM http://ift.tt/eA8V8J

China Raids Microsoft Again and Expands Anti-Trust Probe to Include Partner Accenture

China's SAIC said it raided Microsoft offices in Beijing, Liaoning, Fujian and Hubei, as well as Accenture's Dalian offices.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1kGexys August 06, 2014 at 01:54PM http://ift.tt/eA8V8J

Britain Studies Bitcoin's Potential to Help Finance Small Businesses

Britain is analysing the potential and risks of digital currencies in connection with the financial system.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/XCFE35 August 06, 2014 at 12:58PM http://ift.tt/eA8V8J

Tuesday, August 5, 2014

Samsung and Apple Agree to Settle Patent Lawsuits Outside US

Agreement covers patent lawsuits in eight countries including South Korea, Japan, Australia, and UK.



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

China Pork Producer WH Group Shares Close up 7% on Trading Debut

WH Group has become the world's biggest pork producer after it acquired US-based Smithfield Foods.



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

Rotten Meat Scandal: McDonald's Sees 'Significant Negative Impact' on China and Japan Results

Shanghai Husi Food allegedly sold chicken and beef past their expiry dates to food chains including McDonald's and KFC.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1lv9cF5 August 05, 2014 at 12:48PM http://ift.tt/eA8V8J

Monday, August 4, 2014

Cold Winter Temperatures Partly Caused Battery Glitch at ANA-Owned Boeing 787 Dreamliner: Report

Entire fleet of 787 Dreamliner was grounded in 2013 following battery issues.



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

Bitcoin Domain BTC.com Sold for $1.1m

Domain name was acquired by Josh Garza of Connecticut-based mining equipment firm GAWMiners.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/UMBtzO August 04, 2014 at 04:48PM http://ift.tt/eA8V8J

China: Symantec and Kaspersky Lab Software Barred From Goverment Offices

Beijing continues to reduce its dependence on foreign tech firms after Edward Snowden revelations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1o5HVi6 August 04, 2014 at 02:12PM http://ift.tt/eA8V8J

Panasonic Farms Vegetables Indoors in Land-Scarce Singapore

A 248-square-meter indoor farm has production capacity of 3.6 tonnes per year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tMqcyH August 04, 2014 at 01:09PM http://ift.tt/eA8V8J

Banco Espírito Santo Receives €4.9bn Bailout from Portugal

Banco Espírito Santo will be split into a 'good bank' and a 'bad bank', according to Bank of Portugal's rescue plan.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ky4P1k August 04, 2014 at 12:31PM http://ift.tt/eA8V8J

Saturday, August 2, 2014

Bitcoin: 'Digital Currency Regulation Would Curtail Innovation And Harm Businesses and Consumers'

Jesse Powell, CEO bitcoin exchange Kraken, tells IB Times UK that digital currencies should be more relaxed and pro consumer choice.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zGI3aA August 02, 2014 at 04:11PM http://ift.tt/eA8V8J

Sanctions Against Russia will Hurt European Economies: IMF

Rising sanctions and resulting slowdown in Russia will affect Europe in multiple ways, according to IMF.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1m8kDm3 August 02, 2014 at 02:49PM http://ift.tt/eA8V8J

Bitcoin-Friendly Overstock to Introduce Digital Currency Bonus Scheme for Employees

Employees opting for bitcoin bonus will get premium over cash payments.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tFz0pZ August 02, 2014 at 01:18PM http://ift.tt/eA8V8J

Friday, August 1, 2014

Bitcoin Rush Compared to California Gold Rush in 19th Century

High prices of bitcoin prompt rush in mining for digital currency.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uO96Su August 01, 2014 at 03:48PM http://ift.tt/eA8V8J

Argentina Vs Vulture Funds Case Timeline

Argentina fell into its second default in 13 years after its attempt to make a settlement with holdout funds failed.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qwuRj7 August 01, 2014 at 02:27PM http://ift.tt/eA8V8J

Glencore Completes Sale of Peru Copper Mine to Chinese Joint Venture

Commodity giant completes sale of Las Bambas copper mine to MMG.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1nYqVKL August 01, 2014 at 12:46PM http://ift.tt/eA8V8J