China manufacturing sector contracts on weak output, but Japan expands on improved operating conditions

HSBC China manufacturing PMI rose to 49.2 in May from 48.9 in April, while Japan PMI surged to 50.9 in May from 49.9.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FkM7xE June 01, 2015 at 11:57AM http://ift.tt/eA8V8J

Intel to announce $17bn offer for Altera as semiconductor sector consolidates

Intel is offering $54 per Altera share, representing 56% premium to stock price before deal was reported.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1PYp5HX June 01, 2015 at 11:27AM http://ift.tt/eA8V8J

Morrisons board to be grilled by shareholders over £1m bonus to sacked CEO Dalton Philips

Sources told Sky News that they expected around 20% of votes to be cast against company's pay report.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1K0nug8 May 30, 2015 at 01:28PM http://ift.tt/eA8V8J

Stifel Financial in advanced talks to buy Barclays' US wealth management unit

Deal could come as early as next week if parties agree on terms.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HYLLRh May 30, 2015 at 12:28PM http://ift.tt/eA8V8J

Snapchat raises $537.6m via common stock sale at $16bn valuation

Investors in latest funding round include Chinese e-commerce company Alibaba Group Holding and US hedge funds.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LTxplU May 30, 2015 at 11:37AM http://ift.tt/eA8V8J

Brics' New Development Bank to be launched at summit in Russia

Group's summit at Russia's Ufa in July would launch bank along with currency reserve pool, according to Vladimir Putin.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BtwOC3 May 29, 2015 at 02:58PM http://ift.tt/eA8V8J

Watch construction of One World Trade Center over 11 years [Video]

One World Trade Center, the tallest skyscraper in the Western Hemisphere at 1,776 feet, is opening a new observatory to the public on 29 May.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1SFWTJ0 May 29, 2015 at 12:54PM http://ift.tt/eA8V8J

Intel not bidding for Broadcom and close to buying smaller rival Altera for $15bn

Chipmaker Avago Technologies earlier agreed to buy rival Broadcom in cash-and-stock deal valued at $37bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LPEjZs May 29, 2015 at 12:22PM http://ift.tt/eA8V8J

Austria to repatriate £3.5bn of gold reserves in Britain

Austrian National Bank also plans to move some gold to Switzerland.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KsL9Uj May 29, 2015 at 11:51AM http://ift.tt/eA8V8J

India business sentiment falls back to pre-Modi level

MNI India Business Sentiment Indicator, gauge of current sentiment among BSE listed companies, fell by 2.5% to 62.3 in May from 63.9 in April.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BqK2PW May 28, 2015 at 03:42PM http://ift.tt/eA8V8J

Fifa corruption probe: A look at federation's booming revenues in recent years

Buoyed by success of 2014 World Cup, Fifa generated record $2bn in revenue in 2014.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JWvEG6 May 28, 2015 at 02:51PM http://ift.tt/eA8V8J

Apple reclaims world's most valuable brand title from Google

Driven by success of iPhone 6 and 6 Plus, Apple's brand value soars 67% to $247bn in 2015.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1d0UyaE May 28, 2015 at 12:59PM http://ift.tt/eA8V8J

Yahoo to face class action lawsuit over alleged email snooping

Yahoo is accused of scanning mails from non-Yahoo users to create targeted advertising scheme.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ckuk27 May 28, 2015 at 12:38PM http://ift.tt/eA8V8J

Charter Communications to pay $78.7bn for Time Warner Cable in mammoth US cable deal

Charter is also acquiring Bright House Networks for $10.4bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ArfFxQ May 26, 2015 at 05:42PM http://ift.tt/eA8V8J

IMF: Chinese yuan is no longer undervalued

IMF says appreciation over past year has normalised exchange rate of yuan.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1duuV2I May 26, 2015 at 04:18PM http://ift.tt/eA8V8J

Twitter consider buying Flipboard for $1bn

Discussions seem to be currently stalled, tech blog Re/Code reports.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LEqJsn May 26, 2015 at 02:17PM http://ift.tt/eA8V8J

Malaysia Airlines expected to axe up to 8,000 jobs in painful restructuring

MAS will be rebranded and restructured into new company, which CEO Christoph Mueller says will be like a 'start-up'

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FcIACt May 26, 2015 at 12:51PM http://ift.tt/eA8V8J

Charter Communications and Time Warner Cable nearing $55bn deal to create 2nd biggest US cable operator

Charter is also expected to announce its acquisition of Bright House Networks for $10.4bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HHVfQY May 26, 2015 at 11:48AM http://ift.tt/eA8V8J

Hydrogen explosion threat at Japan's Fukushima nuclear plant due to leaking containers

Tepco said out of 278 radioactive-water storing containers examined so far, 26 had some sort of leaks.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KgYsqW May 25, 2015 at 03:13PM http://ift.tt/eA8V8J

Amazon starts booking revenues in individual European countries

As of now, company has rolled out accounting changes in UK, Germany, Italy and Spain, The Wall Street Journal reports.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LwQjyM May 25, 2015 at 12:16PM http://ift.tt/eA8V8J

Counterfeit products: Alibaba 'highly unlikely' to take proactive steps to end grey/black market

Reuters separately reported that Alibaba is working with 17 shoe manufacturers in Fujian province to cultivate home-grown brands online.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FKyXOX May 25, 2015 at 12:02PM http://ift.tt/eA8V8J

Audi unveils self-driving car R8 e-tron in China enabling web browsing while in transit

Audi's introduction of connected car in China comes as demand for luxury cars deteriorates in China.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HFwjte May 25, 2015 at 11:12AM http://ift.tt/eA8V8J

US Senate rejects bill to end NSA bulk collection of phone records

Bill was voted 57-42, three votes short of 60-threshold required.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LofbZv May 23, 2015 at 01:49PM http://ift.tt/eA8V8J

Microsoft's deal talks with Salesforce failed over $15bn price gap

While Microsoft was willing to offer about $55bn, Salesforce was expecting as high as $70bn, CNBC reports.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LnU49I May 23, 2015 at 12:12PM http://ift.tt/eA8V8J

Target's $19m settlement with MasterCard over data breach falls through

Fewer than 90% of affected financial institutions accepted proposal.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Al5RFE May 23, 2015 at 11:37AM http://ift.tt/eA8V8J

GM likely to face over $1.2bn fine as US finds criminal wrongdoing in ignition switch defect

US Justice Department has identified criminal wrongdoing in General Motors' failure to disclose defect, and is negotiating hefty penalty.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Hob6Bm May 23, 2015 at 11:07AM http://ift.tt/eA8V8J

Traditional energy firms to go extinct with solar power becoming as cheap as coal

Technological advancements in production of solar panels would make solar power as cheap as coal, says John Straw, author of iDisrupted.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LjwU4o May 22, 2015 at 03:08PM http://ift.tt/eA8V8J

China-led AIIB finalises articles of agreement and expects to begin operations by end-2015

China will be largest shareholder in Asian Infrastructure Investment Bank, followed by India.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BfwlTL May 22, 2015 at 01:06PM http://ift.tt/eA8V8J

HP enters $4.5bn tech partnership with China's Tsinghua University

HP will sell 51% stake in new business called H3C for about $2.3bn to Tsinghua subsidiary Unisplendour.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Hy1uXl May 22, 2015 at 12:05PM http://ift.tt/eA8V8J

Time Warner Cable likely to fetch over $170 per share amid better regulatory climate for US cable deals

Charter Communications and Altice are in talks to acquire Time Warner Cable, indicating bidding war for US cable operator.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1SlNAOc May 22, 2015 at 11:28AM http://ift.tt/eA8V8J

OECD income inequality reaches highest level in 30 years

Richest 10% of OECD population earn 9.6 times the income of the poorest 10%.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Pytd1d May 21, 2015 at 04:09PM http://ift.tt/eA8V8J

Halliburton and Transocean reach agreements with BP to settle Gulf of Mexico oil spill claims

BP's legal woes over Deepwater Horizon disaster recede with new settlements.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AmOxzL May 21, 2015 at 01:25PM http://ift.tt/eA8V8J

Japan manufacturing sector expands in May as China remains in contraction

Markit flash Japan manufacturing PMI rose to 50.9 in May from 49.9 in April, while China PMI rose to 49.1 from 48.9 in April.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FDt9IR May 21, 2015 at 12:34PM http://ift.tt/eA8V8J

Wal-Mart heirs suffer combined $14bn loss to net worth in 2015 as retailer struggles

Alice Walton, Jim Walton, Rob Walton and Christy Walton lost a combined $5.7bn in a single day after Wal-Mart's latest quarterly results.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AmFfDV May 21, 2015 at 11:33AM http://ift.tt/eA8V8J

Renault targets India's small-car sector with £3,000 Kwid hatchback

Renault has become first European firm to debut international model in India, as it unveiled Kwid there.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1R2XBhx May 20, 2015 at 04:57PM http://ift.tt/eA8V8J

Altice to buy 70% stake in US cable operator Suddenlink for $9.1bn

BC Partners and CPP Investment Board will retain a 30% stake in Suddenlink.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FzXFU1 May 20, 2015 at 03:21PM http://ift.tt/eA8V8J

FX fixing scandal: UBS to pay $545m in combined fines and pleads guilty over Libor

Bank will pay penalty of $342m over FX fixing and another $203m over Libor matter.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HtTZ6F May 20, 2015 at 01:26PM http://ift.tt/eA8V8J

Goldman Sachs predicts US crude price at $45 by October after 'self-defeating' rally

Recent rally in oil prices would force producers to drill, adding to existing glut, says Goldman Sachs analysts.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1SaYTbT May 20, 2015 at 12:38PM http://ift.tt/eA8V8J

Altice works on mega deals with Time Warner and Suddenlink to enter lucrative US cable market

Altice is close to buying smaller peer Suddenlink in deal valued at about $10bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1djj9IB May 20, 2015 at 11:52AM http://ift.tt/eA8V8J

DCC shares surge 10% after €464m offer for Shell's LPG business in France

DCC Energy has made a binding offer to acquire Royal Dutch Shell's Butagaz Liquefied Petroleum Gas business in France for €464m.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1PuJFzA May 19, 2015 at 03:01PM http://ift.tt/eA8V8J

Facebook likely to let businesses contact customers via Whatsapp

Facebook seeks options to generate revenue out of popular messaging app, which it acquired for $22bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1L4sPB9 May 19, 2015 at 01:01PM http://ift.tt/eA8V8J

Samsung's $930m compensation to Apple to be downsized as appeals court rejects trademark claims

Samsung secured partial win on its appeal of patent litigation against Apple.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1PSLnFH May 19, 2015 at 12:21PM http://ift.tt/eA8V8J

Argentine court suspends US judge-backed agreement between Citibank and vulture funds

Court has also imposed injunction barring Citibank from leaving its role as custodian of Argentina's restructured bonds.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1c1VJWx May 19, 2015 at 11:01AM http://ift.tt/eA8V8J

Alibaba seeks cooperation of global brands to fight counterfeits

Brands had a better chance of succeeding in clamping down on counterfeit trade if they talked to Alibaba instead of suing it, says company top executive.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FjAsSM May 18, 2015 at 05:57PM http://ift.tt/eA8V8J

China new-home price data: Worst is over for country's property sector

Data from National Bureau of Statistics showed that new-home prices in country's major 70 cities remained same in April on monthly basis.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1LcMM9y May 18, 2015 at 12:04PM http://ift.tt/eA8V8J

Shares in BHP-Billiton spin off South32 decline on trading debut

Shares opened at A$2.13, valuing the company at A$11.3bn.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JSpB3l May 18, 2015 at 10:56AM http://ift.tt/eA8V8J

Nepal Earthquake: Nepal repays almost $600,000 per day towards foreign loans

Nepal owes $3.8bn (£2.4bn, €3.3bn) in foreign debt, according to World Bank figures

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Geo2xv May 16, 2015 at 03:23PM http://ift.tt/eA8V8J

US judge slaps RBS, Nomura with $806m fine in subprime mortgage case

US District Judge Denise Cote ruled banks must pay full amount requested by Federal Housing Finance Agency.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Jn5Kev May 16, 2015 at 01:58PM http://ift.tt/eA8V8J

France-based Kering luxury brands sue Alibaba over sale of counterfeit products

Lawsuit alleges that Alibaba had been aware of sale of counterfeit products on its websites.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HjgDvq May 16, 2015 at 12:32PM http://ift.tt/eA8V8J

FBI and UK officials probe suspicious takeover offer for cosmetics firm Avon

Probe by FBI means that apparent fake takeover bid has violated criminal statutes.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1A8RZxQ May 16, 2015 at 12:09PM http://ift.tt/eA8V8J

Most hated internet innovations of all time: Pop-ups, spams, captchas, cookies and more

An infographic produced by NeoMam studios takes a look at seven most hated internet innovations of all time.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1L6iC7N May 15, 2015 at 03:00PM http://ift.tt/eA8V8J

Shares in US cosmetics firm Avon surge 20% after $3bn fake takeover offer

Company says it has not received any offer or other communication from acquirer, and has not sure whether such an entity exists.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1IEETtC May 15, 2015 at 01:30PM http://ift.tt/eA8V8J

Netflix in search of local partner to enter China's massive online video market

Netflix is in talks with companies including the Jack Ma-backed Wasu Media Holding to form a partnership.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1A5uLIW May 15, 2015 at 12:43PM http://ift.tt/eA8V8J

FX fixing scandal: UBS faces $200m fine as US voids non-prosecution deal over Libor rigging

Justice Department's decision comes against bank's hope that regulators would look past alleged violations.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JjBPUs May 15, 2015 at 11:52AM http://ift.tt/eA8V8J

Apple Pay China launch: 'A smart move, though not one without risk'

While partnership with Alibaba would be a great advantage, strong rivals such as Tencent could make venture riskier.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JK5Wm6 May 14, 2015 at 04:45PM http://ift.tt/eA8V8J

Sharp announces ¥200bn bailout and thousands of job cuts amid steep losses

Company reported net loss for year to March of ¥222.3bn, compared to a net income of ¥11.6bn in previous year.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HiHXwH May 14, 2015 at 01:36PM http://ift.tt/eA8V8J

A123 Systems and Apple agree to settle employee-poaching case

A123 Systems earlier sued Apple for allegedly poaching its engineers to develop "large scale battery division".

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1PHW5ih May 14, 2015 at 12:08PM http://ift.tt/eA8V8J

Wal-Mart to take on Amazon with $50-per-year fast delivery service

Service, codenamed 'Tahoe', will be similar to Amazon Prime, and is intended to boost Wal-Mart online business.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1H4EaxN May 14, 2015 at 11:34AM http://ift.tt/eA8V8J

Real estate accounted for 90% of South Korea's national wealth in 2013

As of end-2013, country had net wealth of 11,039tn won, up 3.5% from 2012, according to data released by Bank of Korea and Statistics Korea.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Ixp7SO May 13, 2015 at 04:42PM http://ift.tt/eA8V8J

Ethiopia capital Addis Ababa to host summit on global poverty

IMF chief Christine Lagarde and anti-poverty group representatives to attend summit.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zYNR3y May 13, 2015 at 01:26PM http://ift.tt/eA8V8J

GM recalls more than 500,000 vehicles over seat and safety belt issues

Affected models are Chevrolet Malibu sedans, and Chevrolet Colorado and GMC Canyon midsized pickup trucks.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Pi5hPA May 13, 2015 at 12:18PM http://ift.tt/eA8V8J

FX fixing scandal: US considers scrapping non-prosecution deal with UBS over Libor rigging

UBS and four other global banks are set to reach settlements with US regulators.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zZsDCJ May 13, 2015 at 12:00PM http://ift.tt/eA8V8J

Russia invites Greece to join Brics' New Development Bank

Invitation extended by Russian Deputy Finance Minister Sergey Storchak during telephone conversation with Greek PM Alexis Tsipras.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KEf1gc May 12, 2015 at 04:49PM http://ift.tt/eA8V8J

Apple in talks with Alibaba to launch Apple Pay in China

Apple has become the number one smartphone vendor in China, overtaking Xiaomi.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FhNl2S May 12, 2015 at 04:16PM http://ift.tt/eA8V8J

Henkel to buy Colgate-Palmolive's Australian laundry brands for €220m

Brands to be acquired generated total sales of about €110m in the 2014 financial year.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JEa4DX May 12, 2015 at 02:35PM http://ift.tt/eA8V8J

Deloitte replaces PwC as Tesco auditors, following accounting scandal

PwC has been auditing Tesco's accounts for the last 32 years.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1G20WdA May 12, 2015 at 12:08PM http://ift.tt/eA8V8J

US defends MetLife's SIFI designation and asks court to dismiss insurer's lawsuit

Companies with SIFI designation in US would be subjected to stricter regulatory oversight and tighter capital and liquidity requirements.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1EvFHME May 12, 2015 at 11:35AM http://ift.tt/eA8V8J

India nominates banker KV Kamath as first chief of Brics' New Development Bank

Kamath headed country's private banking giant ICICI Bank until April 2009.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zVtGUe May 11, 2015 at 03:00PM http://ift.tt/eA8V8J

Nasdaq tests bitcoin to make use of blockchain technology

Company intends to test blockchain in Nasdaq Private Market – the marketplace to handle pre-IPO trading among private companies.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1coEsqZ May 11, 2015 at 01:22PM http://ift.tt/eA8V8J

George Osborne likely to sell RBS shares at loss following Conservatives' win

Government looks at accelerating disposal of its shares in banks rescued during the 2007-2009 financial crisis.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1IsZuTb May 11, 2015 at 11:43AM http://ift.tt/eA8V8J

Sharp shares plunge 30% as firm restructures itself as medium-sized

Sharp is expected cut its capital by more than 99% to ¥100m and issue preferred stock, diluting stake of common shareholders.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1E1qyRI May 11, 2015 at 10:55AM http://ift.tt/eA8V8J

China faces gigantic debt pile amounting to 282% of GDP

China's total debt has quadrupled since 2007 to reach $28tn by mid-2014, says research from McKinsey Global Institute.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FbsCgY May 09, 2015 at 03:18PM http://ift.tt/eA8V8J

FX fixing scandal: Goldman Sachs ready to pay $129.5m to investors to settle lawsuit

Final accord may be reached in the "next several weeks", according to the Wall Street Journal.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JxpUAn May 09, 2015 at 12:28PM http://ift.tt/eA8V8J

BP has right to appeal some Gulf of Mexico spill claims, US judge rules

Decision could help BP limit its payout to victims of Deepwater Horizon disaster.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1cyf0QC May 09, 2015 at 11:56AM http://ift.tt/eA8V8J

Visa in early-stage talks to buy former subsidiary Visa Europe for up to $20bn

Visa approached Visa Europe for deal, and firms are now reportedly working with advisers.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1F56zqu May 09, 2015 at 11:00AM http://ift.tt/eA8V8J

Android devices now account for over 50% of global mobile web traffic

Web traffic from Apple's iOS devices has come down to an all-time low of 38.8% as of April.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1bCGmUn May 08, 2015 at 04:04PM http://ift.tt/eA8V8J

Swiss agrochemicals firm Syngenta confirms rejection of $45bn offer from Monsanto

Company's board unanimously decided to reject offer, which "fundamentally undervalues Syngenta's prospects".

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1bClNY8 May 08, 2015 at 01:07PM http://ift.tt/eA8V8J

Hutchison Whampoa gets £3.1bn funding from 5 investors for O2 acquisition

Investors agree to buy 33% stake in Hutchison's British mobile phone business, combining Three and O2 UK.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KoMD1E May 08, 2015 at 11:42AM http://ift.tt/eA8V8J

Microsoft feels Salesforce too pricey and not bidding for it

Microsoft finds valuation of cloud computing firm on the high side.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zQe3gS May 08, 2015 at 11:25AM http://ift.tt/eA8V8J

Uber submits $3bn bid for Nokia's HERE maps

Consortium of German automakers, including BMW, Audi and Mercedes-Benz, is also working on bid for HERE.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1dRlDOg May 08, 2015 at 10:56AM http://ift.tt/eA8V8J

Siemens to cut another 4,500 jobs worldwide

Fresh job cuts come in addition to 7,800 announced in February.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1IjxAYm May 07, 2015 at 03:20PM http://ift.tt/eA8V8J

Hedge fund mogul Daniel Loeb criticises Warren Buffet

Loeb says Buffett criticises hedge funds, yet he had first hedge fund.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JsSFOG May 07, 2015 at 01:56PM http://ift.tt/eA8V8J

Clydesdale Bank to be split from Australian parent NAB

70-80% shares of Clydesdale will be transferred to existing shareholders of NAB, and remaining 20-30% will be offered to institutional investors.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Rf8fTr May 07, 2015 at 12:18PM http://ift.tt/eA8V8J

Standard Chartered reviews UK exit proposal with shareholders

Bank has no current plans to leave its domicile, says chairman John Peace.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1F7ck8T May 07, 2015 at 11:38AM http://ift.tt/eA8V8J

Yahoo's Marissa Mayer highest paid female CEO in US

Mayer earns $42.1m per year in total compensation, and is also seventh-highest paid CEO in US.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1IfhIWP May 06, 2015 at 03:06PM http://ift.tt/eA8V8J

China's Dongfeng denies rumours of merger with FAW and announces Zhu Yanfeng as new chairman

China's ruling communist party is looking to combine state-owned firms to make them more competitive on the international level.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1dMKt1U May 06, 2015 at 02:45PM http://ift.tt/eA8V8J

Niesr cuts UK growth outlook to 2.5% ahead of election to reflect weak first quarter

In the first quarter, Britain's growth rate halved to 0.3%.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JPuywJ May 06, 2015 at 12:05PM http://ift.tt/eA8V8J

Microsoft weighs bid for Salesforce joining 'game of high stakes poker'

Microsoft is evaluating bid for Salesforce but it is not in talks with firm, and no deal is imminent, Bloomberg reports.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1bx2YWj May 06, 2015 at 11:14AM http://ift.tt/eA8V8J

Apple's deals with record labels for exclusive streaming rights come under US scrutiny

US Federal Trade Commission is probing if Apple is misusing its position as largest seller of music downloads through its iTunes store.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1KgbcOh May 06, 2015 at 11:08AM http://ift.tt/eA8V8J

Lufthansa posts improved results helped by lower fuel costs despite pilots' strike

German airline reports adjusted loss before interest and tax of €167m, better than €240m loss reported last year.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FMCLj1 May 05, 2015 at 04:45PM http://ift.tt/eA8V8J

FX fixing scandal: UBS in 'advanced talks' with US to settle probe

Swiss banking major in talks with US Department of Justice to settle allegations.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1R97o6M May 05, 2015 at 03:47PM http://ift.tt/eA8V8J

India's Bharti and Future Group to combine retail operations

Deal would create one of the biggest retail chains in India with more than 570 stores.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1K77AOm May 04, 2015 at 05:25PM http://ift.tt/eA8V8J

World Bank pension fund found investing in coal and tobacco firms against bank's principles

Pension fund's investment clashes with World Bank's stance to avoid investments in unethical and carbon-intensive industries.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zHBZCY May 04, 2015 at 04:59PM http://ift.tt/eA8V8J

Russia ratifies $100bn Brics reserve fund rivalling IMF

Russia looks to pose stiff competition to West-dominated institutions such as IMF and World Bank.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1br4Y2n May 04, 2015 at 11:52AM http://ift.tt/eA8V8J

India likely to replace South Korea as GM's global manufacturing hub

Rising labour costs in South Korea are expected to change GM's global strategy.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1DNZUvA May 04, 2015 at 11:17AM http://ift.tt/eA8V8J

Amazon doubles spending threshold to £20 for free delivery

Change comes a day after online retailer denied rumours of minimum spend increase.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1bokID9 May 02, 2015 at 01:05PM http://ift.tt/eA8V8J

India's forex reserves rise to record $344.6bn

Reserves boosted as overseas investors pour in large amounts of money in Indian debt and equities market.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1bMtFXp May 02, 2015 at 11:44AM http://ift.tt/eA8V8J

Fed officials say rate increase in June 'on the table', but Warren Buffett expects delay

Loretta Mester and John Williams, Federal Reserve heads of Cleveland and San Francisco, hint at rate increase.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1bMideh May 02, 2015 at 10:45AM http://ift.tt/eA8V8J

Germany's BND 'helped' NSA to snoop on European firms and politicians

Targets included high-ranking officials of French foreign ministry, Elysee Palace and European Commission.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1E1p4Ho May 01, 2015 at 04:30PM http://ift.tt/eA8V8J

North Korea's Kim Jong-un cancels planned visit to Russia

Kim's visit to Moscow would have been his first trip abroad since assuming power in 2011.

via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1JFnUZS May 01, 2015 at 02:59PM http://ift.tt/eA8V8J