More From Jerin Mathew
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.
Jul 25, 2014
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.
Jul 25, 2014
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.
Jul 25, 2014
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.
Jul 25, 2014
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.
Jul 24, 2014
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.
Jul 24, 2014
TCS Becomes India's Most Valued Company at $84bn Market Cap
TCS surpasses Accenture, but follows market leader IBM valued at $193.7bn.
Jul 24, 2014
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.
Jul 24, 2014
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.
Jul 24, 2014
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.
Jul 23, 2014
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.
Jul 23, 2014
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
Jul 23, 2014
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.
Jul 23, 2014
Microsoft Expects to Achieve Break-Even at Nokia Unit in Two Years
Losses at Nokia division largely caused Microsoft's disappointing quarterly results.
Jul 23, 2014
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.
Jul 22, 2014
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.
Jul 22, 2014
Starbucks, Burger King and Papa John's Dragged into China Food Scandal
Scandal has already affected Yum Brands's KFC and McDonald's.
Jul 22, 2014
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.
Jul 22, 2014
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.
Jul 21, 2014
Tesco CEO Philip Clarke to Step Down, Unilever's Dave Lewis to Replace Him
Top-level management change comes amid challenging market conditions.
Jul 21, 2014
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.
Jul 21, 2014
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.
Jul 21, 2014
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.
Jul 19, 2014
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.
Jul 19, 2014
Bitcoin Market Shows No Enthusiasm Despite Dell's Big Announcement
Dell earlier became largest ecommerce business to accept bitcoin for payments, surpassing Dish Network.
Jul 19, 2014
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.
Jul 19, 2014
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.
Jul 18, 2014
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.
Jul 18, 2014
Flight MH17: International Airlines Ignored Warnings to Avoid War Zone
Aviation experts said warnings were issued to airlines asking them not to fly over war-hit region.
Jul 18, 2014
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.
Jul 18, 2014
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