Nokia threatens to sue London-based Lowdownapp over use of 'HERE'

Nokia owns apps relating to mapping and navigation under registered brand name 'HERE'.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ziJ4b1 January 31, 2015 at 04:06PM http://ift.tt/eA8V8J

Adobe sues fashion retailer Forever 21 for allegedly pirating Photoshop

Autodesk and Corel join Adobe in lawsuit filed in California claiming illegal use of their software products.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vj5h8Z January 31, 2015 at 12:32PM http://ift.tt/eA8V8J

Exxon Mobil bars discrimination against LGBT workers

Move comes after President Barack Obama bans federal contractors who discriminate against LGBT workers.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yhFgSW January 31, 2015 at 11:30AM http://ift.tt/eA8V8J

IBM to create 300 UK tech jobs at new Leicester service centre

New centre would serve its UK-based clients with services including high value application development and maintenance.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1A60UPC January 30, 2015 at 05:02PM http://ift.tt/eA8V8J

Qatar Airways buys 9.99% stake in British Airways owner IAG for £1.2bn

Deal would make Qatar Airways the single biggest shareholder of IAG



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BCCKKB January 30, 2015 at 02:57PM http://ift.tt/eA8V8J

China overtakes US as leading recipient of foreign direct investment

FDI inflows to China increased by 3% to $128bn in 2014, while US saw its FDI declining to $86bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1De1Ejk January 30, 2015 at 12:58PM http://ift.tt/eA8V8J

Google hit by lower ad rates, strong dollar and rising expenses

Google reports higher revenue and profit for fourth quarter, but its revenues fall short of analysts' estimates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yIoBXB January 30, 2015 at 11:56AM http://ift.tt/eA8V8J

Shanghai free trade zone model to be implemented across China

China's State Council spells out reforms on investment, foreign trade, finance, services and ease of doing business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1twqU4o January 29, 2015 at 03:07PM http://ift.tt/eA8V8J

McDonald's appoints UK-born Steve Easterbrook as first-ever non-US CEO

Easterbrook will replace Don Thompson, who is stepping down as CEO of McDonald's with effect from 1 March.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BsvD4K January 29, 2015 at 12:47PM http://ift.tt/eA8V8J

Apple and Samsung share No.1 smartphone vendor rank with each holding 20% market share

Both Apple and Samsung shipped 74.5 million units in fourth quarter.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/15Tic51 January 29, 2015 at 11:53AM http://ift.tt/eA8V8J

Amazon launches corporate email service WorkMail to take on Google and Microsoft

Amazon will charge $4 per month for each inbox with 50GB of storage.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LjzhpT January 29, 2015 at 11:03AM http://ift.tt/eA8V8J

Qatar and Brookfield win battle for Canary Wharf

Three biggest shareholders in Songbird Estates backed £2.6bn offer from Qatar's sovereign wealth fund and Canada's Brookfield.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/15NJUA1 January 28, 2015 at 03:13PM http://ift.tt/eA8V8J

China's SAIC criticises Alibaba over sale of fake and shoddy goods online

SAIC says e-commerce giant Alibaba failed to protect consumer rights, as it did little to tackle unlicensed merchants.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1D8qZLy January 28, 2015 at 02:28PM http://ift.tt/eA8V8J

Bitcoin rate falls 2% as mining firm CoinTerra files for bankruptcy

Company said in the filing that it would be unable to pay several of its unsecured investors.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CLntcc January 28, 2015 at 12:20PM http://ift.tt/eA8V8J

Sony to axe 1,000 mobile phone jobs in UK, Sweden and China

Sony's total workforce in mobile phone division will be reduced by about 30% to 5,000 by fiscal year ending in March 2016



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yuAr7z January 28, 2015 at 10:38AM http://ift.tt/eA8V8J

China to build $242bn high-speed Beijing-Moscow rail link

Rail link will go through Kazakhstan and make travel between Asia and Europe easier.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BPIQtF January 23, 2015 at 04:18PM http://ift.tt/eA8V8J

O2 confirms exclusive talks with Li Ka-Shing's Hutchison Whampoa for £10bn sale

Deal would create Britain's biggest mobile company.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Jg39Bw January 23, 2015 at 01:17PM http://ift.tt/eA8V8J

Apple hikes CEO Tim Cook's pay by 117% as 2014 proves hugely successful for iPhone maker

In fiscal year 2014, Cook received total compensation of $9.22m, compared to $4.25m in 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Jg39Bm January 23, 2015 at 01:14PM http://ift.tt/eA8V8J

Oil prices rise 2% as analysts expect Saudi Arabia to maintain policy after King Abdullah's death

No change expected in Saudi oil policy following death of King Abdullah bin Abdulaziz al-Saud.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BjtuuM January 23, 2015 at 11:54AM http://ift.tt/eA8V8J

Dreamworks Animation delays release of How to Train Your Dragon 3 as studio lays off 500 employees

Company said it will reduce movie output from three per year to two per year as part of major restructuring.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Jqz5RN January 23, 2015 at 11:04AM http://ift.tt/eA8V8J

eBay to cut 2,400 jobs and sell enterprise business ahead of PayPal spin-off

Workforce reduction will be across eBay marketplaces, PayPal and eBay Enterprise divisions.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xCcPip January 22, 2015 at 01:44PM http://ift.tt/eA8V8J

IMF advises Gulf economies to dip into buffers to counter negative impact from oil price plunge

IMF estimates that oil and gas export losses in Gulf Cooperation Council will amount to around $300bn in 2015.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uwyDjK January 22, 2015 at 12:36PM http://ift.tt/eA8V8J

Google looks to become wireless carrier with possible resale agreements with Sprint and T-Mobile

Google expected to reach deals with mobile carriers Sprint and T-Mobile to buy wholesale access to their mobile and data networks.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BIYLtK January 22, 2015 at 11:29AM http://ift.tt/eA8V8J

JP Morgan boss James Dimon's pay package unchanged at $20m in 2014

James Dimon received 73% hike in 2013, following drastic pay cut in 2012.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1E4geO4 January 22, 2015 at 10:58AM http://ift.tt/eA8V8J

Edward Snowden prefers simple phone to iPhone due to snooping concerns

iPhone may include secret spyware that enable governments to watch users without their knowledge, Snowden's lawyer said.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1C9XFWQ January 21, 2015 at 05:12PM http://ift.tt/eA8V8J

US ranks among worst countries for new mothers with 84 days of unpaid maternity leave

New mothers get full-year leave with pay in UK, ranked among top 10 countries for maternity leave.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Jd5vza January 21, 2015 at 03:54PM http://ift.tt/eA8V8J

Baker Hughes and Halliburton hint at thousands of job cuts, as oil price slump reduces drilling activity

Halliburton's $35bn deal to acquire Baker Hughes "more compelling" now, says Halliburton CEO Dave Lesar.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ur1RjV January 21, 2015 at 12:51PM http://ift.tt/eA8V8J

French newspaper Le Monde's Twitter account suffers hacking attack

Syrian Electronics Army blamed for attack resulting in brief of denial of service.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1E0Lkq3 January 21, 2015 at 11:51AM http://ift.tt/eA8V8J

Facebook helped boost global economy by $227bn in 2014

Deloitte has come out with a report that says the company enabled global economic impact of $227bn and 4.5 million jobs across the globe.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1C1c33L January 20, 2015 at 03:49PM http://ift.tt/eA8V8J

Google close to investing $1bn in SpaceX's satellite internet project

Investment would value SpaceX at more than $10bn, Wall Street Journal reports, citing sources.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BZOW9K January 20, 2015 at 11:04AM http://ift.tt/eA8V8J

China's economy expands at 7.4% in 2014, slowest pace in 24 years

Actual growth misses official forecast for first time since 1998, but services and e-commerce do well.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ulF4Ga January 20, 2015 at 10:33AM http://ift.tt/eA8V8J

Bitcoin would help terrorists and weaken sterling, warn British banks

In submission to Treasury, British Bankers' Association said bitcoin would be risky for customers and the financial system.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/15jK1nK January 19, 2015 at 03:24PM http://ift.tt/eA8V8J

Edward Snowden documents: NSA arming US for future wars with digital weapons

NSA is trying to use the internet to paralyze computer networks and destroy all infrastructure controlled by them, Der Spiegel reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DT8sXi January 19, 2015 at 12:39PM http://ift.tt/eA8V8J

Hong Kong billionaire Li Ka-shing plans £9bn bid to acquire mobile carrier O2

Discussions are at early stage and there is no surety that deal will be reached, Sunday Times reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BrFc93 January 19, 2015 at 11:30AM http://ift.tt/eA8V8J

Kim Jong-Un parody shooter game Glorious Leader! hacked

Moneyhorse Games cancels gaming project, unable to complete crowdfunding target for game.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GhiweR January 19, 2015 at 10:34AM http://ift.tt/eA8V8J

Bitcoin: Offline wallets seen vulnerable to security attacks

Wallet in cold storage could leak its private keys to hacker, who could then reverse-engineer private keys.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BfjQf4 January 17, 2015 at 11:42AM http://ift.tt/eA8V8J

Google in talks to buy mobile payments firm Softcard at less than $100m

Softcard was founded by AT&T Mobility, T-Mobile USA and Verizon Wireless.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xd2rNO January 17, 2015 at 10:34AM http://ift.tt/eA8V8J

Google and Apple make second attempt to settle anti-poaching suit with $415m payout

New agreement comes after US judge rejected $324.5m settlement offered in 2014, saying compensation is too low.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1u8lPje January 16, 2015 at 02:07PM http://ift.tt/eA8V8J

BP's maximum civil penalty over Gulf of Mexico oil spill would be $4bn lower

US judge reduces company's spillage liability to 3 million barrels, 24% less than claims by federal prosecutors.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Cu9cyg January 16, 2015 at 11:57AM http://ift.tt/eA8V8J

Bitcoin tycoon Mark Karpeles: 'I am not Dread Pirate Roberts'

During Ross Ulbricht's trial, the defence alleged that Karpeles was running the online black market Silk Road.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yiL045 January 16, 2015 at 10:55AM http://ift.tt/eA8V8J

Jack White's Lazaretto is 2014's highest sold vinyl album in the US

AM by the Arctic Monkeys came second with 58,700 units sold, while Lana Del Rey's Born to Die came in third.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/17KrcLo January 15, 2015 at 04:10PM http://ift.tt/eA8V8J

Bitcoin returning to $200-level after more than 35% fall in two days

Bitcoin trading at $197.44, up 11.50% as at 8:00 am GMT, according to CoinDesk price index.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FZWAEV January 15, 2015 at 02:01PM http://ift.tt/eA8V8J

FBI raids firm of Danny Porush who inspired Jonah Hill's character in 'Wolf of Wall Street'

Offices of Med-Care Diabetic & Medical Supplies, accused of submitting false claims to Medicare, raided by FBI.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wd204u January 15, 2015 at 12:44PM http://ift.tt/eA8V8J

India cuts rate following continued decline in inflation

Reserve Bank of India (RBI) cuts its main lending rate or repo rate by 25 basis points to 7.75%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1CoI5oi January 15, 2015 at 11:49AM http://ift.tt/eA8V8J

Samsung and BlackBerry deny reports of $7.5bn takeover deal

Reuters earlier reported that Samsung has offered $7.5bn to buy BlackBerry, leading to 30% surge in Canadian company's shares.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1C9BOwc January 15, 2015 at 11:04AM http://ift.tt/eA8V8J

Russia and China setting up Universal Credit Rating Group to rival West's 'Big Three' credit raters

Universal Credit Rating Group would issue first ratings in 2015, according to Russian analyst.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DY5vBU January 14, 2015 at 04:36PM http://ift.tt/eA8V8J

China's Shanghai FTZ allows foreigners to fully own e-commerce firms

Entry of foreign players in Shanghai FTZ is expected to trigger gradual opening to overseas capital in the e-commerce sector across China.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yaP8Dj January 14, 2015 at 03:13PM http://ift.tt/eA8V8J

Japan announces record $812bn budget with more defence and welfare spending

Japan decided to cut bond issuance to six-year low of 36.86tn yen, representing 38.3% of budget.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BZvObG January 14, 2015 at 12:58PM http://ift.tt/eA8V8J

Elon Musk seeks to make Tesla profitable in 2020 with lower-cost Model 3 electric vehicle

Model 3 will be priced at $35,000, excluding state or federal tax incentives – half the price of a Model S.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Bnrp2a January 14, 2015 at 12:03PM http://ift.tt/eA8V8J

World Bank: India's economic growth rate to match with China's at 7% in 2016

India will edge past China at growth rate of 7% in 2017, according to World Bank's Global Economic Prospects report.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1IuA0lF January 14, 2015 at 11:03AM http://ift.tt/eA8V8J

'Oil prices will never hit $100-a-barrel again,' says Saudi Prince Alwaleed bin Talal

Prince Alwaleed bin Talal defends Saudi decision not to cut production to boost prices.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/14ONXg7 January 13, 2015 at 11:56AM http://ift.tt/eA8V8J

Edward Snowden rejected offer to join Russian intelligence agency, says WikiLeaks staff

Russia's FSB approached Snowden with a job offer while he was stuck at Moscow's Sheremetyevo airport, says Sarah Harrison of WikiLeaks.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/14tJmic January 13, 2015 at 11:15AM http://ift.tt/eA8V8J

China misses trade growth target for third straight year on weak external and domestic demand

China's exports increased 6.1% in 2014, while imports gained only 0.4%.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DS65kN January 13, 2015 at 10:31AM http://ift.tt/eA8V8J

Two killed and four sickened by nitrogen leak at South Korean LG factory

Victims were carrying out regular repair and maintenance work at time of leakage.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AHtB2Y January 12, 2015 at 04:11PM http://ift.tt/eA8V8J

Rangers Football Club rejects Robert Sarver's £20m sweetened takeover offer

Rangers reject bid saying not enough shareholders are likely to approve it.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xfu2Na January 12, 2015 at 01:48PM http://ift.tt/eA8V8J

Shire to buy rare-disease specialist NPS Pharmaceuticals for $5.2bn

NPS is known for its two new drugs – Gattex, treatment for short-bowel syndrome, and Natpara for hypoparathyroidism.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1y2hhL7 January 12, 2015 at 12:39PM http://ift.tt/eA8V8J

Jaguar to add 1,300 jobs in UK to build new F-PACE SUV

New jobs will be created at firm's Solihull plant in West Midlands, where it has already invested £1.5bn to boost production.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BSj86k January 12, 2015 at 11:03AM http://ift.tt/eA8V8J

Ex-wife of Harold Hamm may pursue appeal against $1bn divorce settlement

Sue Ann Arnall earlier deposited a handwritten $975m divorce cheque from the oil baron.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AA9tje January 10, 2015 at 02:54PM http://ift.tt/eA8V8J

Overstock.com installs bitcoin ATM at headquarters as Patrick Byrne prepares to pay employees in cryptocurrency

US retail giant moves to give another big push to digital currency.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yNVN5Y January 10, 2015 at 12:58PM http://ift.tt/eA8V8J

Indian start-up Paytm in talks for $500m funding round led by Alibaba and Temasek Holdings

Latest investment is expected to value Paytm at $1.5-1.9bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AVgyMF January 10, 2015 at 11:24AM http://ift.tt/eA8V8J

10 best selling vehicles in US in 2014: Ford F-Series pickups No 1

Pickup trucks from Ford, Chevrolet and Ram brands top vehicle sales in US.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1x2KwYQ January 09, 2015 at 04:34PM http://ift.tt/eA8V8J

Coca-Cola axing up to 1,800 jobs worldwide in $3bn cost-cutting move

Job cuts will affect company's Atlanta headquarters and its international operations.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/14Bfe5p January 09, 2015 at 01:56PM http://ift.tt/eA8V8J

Facebook buys QuickFire Networks to bring high-quality video to low-bandwidth users

Facebook's integration of QuickFire's technology would help social network to reduce buffering of videos without degradation in quality.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tPvjKH January 09, 2015 at 11:50AM http://ift.tt/eA8V8J

Oil baron Harold Hamm's ex-wife deposits $975m cheque, possibly ending epic divorce battle

There were reports that Sue Ann Arnall rejected cheque and has been pursuing her appeal.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/14ATZkq January 09, 2015 at 11:13AM http://ift.tt/eA8V8J

North Korea warns of 'war disaster' if US does not lift 'unreasonable sanctions'

Sanctions imposed on North Korea so far are based on inveterate hostility and repugnancy towards republic, says North Korea.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/17lfKFY January 08, 2015 at 04:03PM http://ift.tt/eA8V8J

Japan's Wakodo recalls 120,000 bags of baby food after new food scare

Customer in Tochigi prefecture found a cricket in baby-food package in December leading to food scare in Japan.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DAngap January 08, 2015 at 01:14PM http://ift.tt/eA8V8J

Samsung likely to post first annual profit fall in three years as smartphone division struggles

Samsung estimates fourth-quarter operating profit at 5.2tn won, down 37.4% from last year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/17kLB9I January 08, 2015 at 12:35PM http://ift.tt/eA8V8J

Standard Chartered announces 4,000 job cuts in retail banking

The bank is also winding up bulk of its global equities business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FrhEnz January 08, 2015 at 11:39AM http://ift.tt/eA8V8J

Bitcoin exchange Bitstamp to be live in 24 hours

Bitstamp co-founder Damijan Merlak said exchange will soon resume operations with new infrastructure.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AErPAS January 07, 2015 at 04:48PM http://ift.tt/eA8V8J

'The Interview' becomes Sony's No 1 online film, having raked in $31m

The Seth Rogen-James Franco comedy has been rented or purchased online and through cable, satellite and telecom providers more than 4.3 million times.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1s47XW3 January 07, 2015 at 01:00PM http://ift.tt/eA8V8J

Germany working on contingency plans for possible 'Grexit', says tabloid

German tabloid Bild has said that the country is running scenarios for the upcoming Greek elections in case leftwing Syriza emerge victorious.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HKxl78 January 07, 2015 at 11:37AM http://ift.tt/eA8V8J

Barclays 'bad bank' head Eric Bommensath to retire in 2015

The departure of Bommensath, formerly co-head of Barclay's investment bank, is expected to be announced on 7 January.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xDpjJP January 07, 2015 at 11:18AM http://ift.tt/eA8V8J

Japan plans to develop 2020 Olympics Village into 'hydrogen town'

Japan plans to use hydrogen to power 2020 Olympics Village proposed in Harumi district of Chuo Ward, Tokyo.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xNiX9R January 06, 2015 at 04:10PM http://ift.tt/eA8V8J

BMW overtakes Mercedes-Benz as top-selling US luxury car brand

BMW's car sales increased 9.8% over 2013 to 339,738 units, compared to US auto market's average 5.9% increase.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/13VsIYF January 06, 2015 at 01:32PM http://ift.tt/eA8V8J

Britain's FCA to fine London unit of failed Banco Espírito Santo for violating listing rules

The fine could amount to several hundred thousand pounds, according to Wall Street Journal's sources.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KgKjvt January 06, 2015 at 11:46AM http://ift.tt/eA8V8J

JPMorgan pays about $100m to settle forex manipulation lawsuit

JPMorgan was first to settle lawsuit among 12 major banks that are accused in scandal.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BDVPv1 January 06, 2015 at 10:43AM http://ift.tt/eA8V8J

China abolishes rare-earth export quotas after WTO ruling

Along with that of rare earths, commerce ministry also abolished export quotas of tungsten, molybdenum and fluorspar.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Hyqrl6 January 05, 2015 at 04:51PM http://ift.tt/eA8V8J

China launches military procurement website to make defence operations more transparent

www.weain.mil.cn, which was launched on 4 January, comes under the General Armament Department of People's Liberation Army.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w9BxG8 January 05, 2015 at 01:15PM http://ift.tt/eA8V8J

Anglo-South African firm Investec among bidders for RBS' Coutts International

Investec have reportedly hired advisers to help it plan the takeover.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Aec30B January 05, 2015 at 12:21PM http://ift.tt/eA8V8J

Tesco to announce job cuts and changes to supplier contracts

The supermarket chain is trying to recover from an accounting scandal and improve its business.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AdWHZV January 05, 2015 at 11:30AM http://ift.tt/eA8V8J

Vince Cable to meet bank bosses to discuss rural branch closures

Half of UK's bank branches have been closed since 1989, according to figures compiled by community banking campaigners.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1I7tsr7 January 03, 2015 at 03:18PM http://ift.tt/eA8V8J

AirAsia QZ8501: Indonesia might revoke airline's license as transport ministry set to investigate flight schedules

Government official told Reuters that Indonesia's transport ministry will investigate all Indonesia AirAsia flight schedules from 5 January.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tz9b7a January 03, 2015 at 02:56PM http://ift.tt/eA8V8J

India says Pak boat with explosives blew up in Arabian Sea after coast guard chase

Four men in boat laden with explosives appeared to have been killed in explosion, say Indian officials.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Brb0HM January 03, 2015 at 12:37PM http://ift.tt/eA8V8J

RBS could face bigger-than-expected fines of £5bn over US mortgage bond case

Bank has so far set aside only £1.9bn as provision for settlement with US Federal Housing Finance Agency.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Hnaazs January 03, 2015 at 11:38AM http://ift.tt/eA8V8J

AirAsia QZ8501: Search team finds two large pieces of flight wreckage in Java Sea

Indonesian search and rescue agency chief says team found two big objects that are parts of AirAsia plane.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Bg9kCH January 03, 2015 at 10:53AM http://ift.tt/eA8V8J

US could hike interest rates in next six months as headwinds decline, says Cleveland Fed chief

Cleveland Fed President Loretta Mester said economy is on firm footing and central bank could increase rates in first half of 2015.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BqOS0a January 03, 2015 at 10:14AM http://ift.tt/eA8V8J

China builds world's largest facility using coal mining gas to generate electricity

Project makes use of methane gas released during coal mining, saving the environment from greenhouse gases.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/177a81W January 02, 2015 at 03:47PM http://ift.tt/eA8V8J

Apple sued in US over iOS 8's 23.1% physical memory usage

Two Florida men initiated class action lawsuit against Apple, claiming company misrepresented actual storage space while marketing.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vOtKxc January 02, 2015 at 01:13PM http://ift.tt/eA8V8J

China's Three Gorges Project breaks world record in hydropower generation

The Three Gorges hydropower plant generated 98.8 billion kilowatt-hours (kwh) of electricity in 2014.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vOmC3S January 02, 2015 at 12:41PM http://ift.tt/eA8V8J

Photo messaging app Snapchat raises $485.6m at $10bn valuation

Snaptchat earlier rejected a $3bn acquisition offer from Facebook.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1K5Geds January 02, 2015 at 11:20AM http://ift.tt/eA8V8J

Edward Snowden's legal defence fund accepts bitcoin donations

Fund is managed by Courage Foundation that looks to build Snowden support network around world.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zXQ3Hc January 02, 2015 at 10:22AM http://ift.tt/eA8V8J

Tokyo Police suspect internal system manipulation behind 99% of missing Mt Gox bitcoins

Only 7,000 bitcoins or 1% of the total 650,000 missing from exchange could be attributed to external hacking attacks, according to police.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zAazbP January 01, 2015 at 04:07PM http://ift.tt/eA8V8J

Bitcoin rates plummet 58% in 2014

Bitcoin rates peaked at $951.39 on 6 January and plunged to the lowest level to $309.87 on 30 December.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zTFQvt January 01, 2015 at 02:50PM http://ift.tt/eA8V8J