More From Jerin Mathew
Pfizer's Bid for AstraZeneca Raises Tax and Job Concerns in US
US politicians and government officials question Pfizer on jobs.
May 10, 2014
Japan Makes First Arrest Over Alleged Drug Trafficking Using Bitcoin
Man allegedly smuggled class A drugs inside tablet computer after buying narcotics using cryptocurrency.
May 09, 2014
RuPay: India Launches Low-Cost Payment Card Alternative to Visa and MasterCard
India launched 'RuPay' which cuts banks' cost for clearing and settlement by 40%.
May 09, 2014
Apple Close to Buying Beats Electronics For $3.2bn
Apple is ready to make it biggest acquisition ever by buying headphone maker and music streaming service Beats for $3.2bn.
May 09, 2014
Political Donations in Bitcoin Approved in US With Limits
Individual donations are approved up to $100 per donor, per election cycle.
May 09, 2014
Publicis and Omnicom Scrap $35bn Merger Deal to Create Biggest Advertising Firm
Companies cite slow progress of transaction as reason for calling off proposal.
May 09, 2014
Alibaba Chairman Jack Ma's Investments Signal Potential Conflict of Interest
Jack Ma is feared to work against the company's best interests, as he may look to protect his own wealth.
May 08, 2014
Hong Kong's Billionaire Kwok Brothers Plead Not Guilty in Graft Case
Hong Kong property tycoons Thomas and Raymond Kwok were arrested over bribery.
May 08, 2014
Former BP Head Tony Hayward Named Glencore Xstrata Chairman
Hayward will step down from his current role as CEO of Genel Energy within year or two.
May 08, 2014
Warren Buffett of Asia, Masayoshi Son, Makes a Killing on Alibaba IPO
Son's SoftBank holds 34.4% stake in Alibaba, valued at about $58bn.
May 08, 2014
Yuan Faces Appreciation Pressure as China Trade Revives
China's exports and imports rebounded in April easing fears about slowdown in economy.
May 08, 2014
Airline Price War to Intensify as AirAsia Set to Take Off in India
AirAsia India received permit from Indian regulator to start commercial operations.
May 08, 2014
Local Players Pose Stiff Competition to Samsung and Apple in China Smartphone Market
Local players Lenovo, Xiaomi, Coolpad and Huawei have average market shares of 10%.
May 07, 2014
Siemens Overhauls Business Structure to Increase Profitability
Siemens will have nine divisions compared to 16 at present, under new structure.
May 07, 2014
Carphone Warehouse And Dixons Set to Announce £3.7bn Merger
The companies broadly agreed on merger terms in recent days.
May 07, 2014
UBS Sued by Old Investors in Mutual Funds Over High-Risk Puerto Rico Bonds
Older investors in UBS mutual funds sued bank for heavy losses from Puerto Rico bonds.
May 07, 2014
Asia Banks Building Relationships With Regulators Amid Tough Laws and Probes
Banks are investing more on government affairs which have become crucial for their business.
May 07, 2014
US SEC Sends Letters to Five Large Banks Over Hiring Practices in Asia
SEC is widening probe on banking sector's hiring practices to find out if they breach anti-bribery laws.
May 07, 2014
China's Alibaba Begins US IPO Process
E-commerce giant Alibaba files initial prospectus with US Securities and Exchange Commission.
May 07, 2014
Bitcoin Prices Tumble to $418 on Continued China Crackdown
BTC China suspended yuan deposits from Bank of China in latest woes for bitcoin.
May 06, 2014
BMW Set to Sell Record Number of Vehicles in 2014 After Strong First Quarter
BMW Group reported 11.4% increase in first-quarter profits primarily on higher demand from China, US and Europe.
May 06, 2014
Pfizer and AstraZeneca to Discuss Potential Merger with UK Lawmakers
British parliamentary committee will call representatives from Pfizer and AstraZeneca to discuss potential merger.
May 06, 2014
'Deceptive' Payday Lender AMG Services Subpoenaed in US
Payday companies lend short term loans at significantly high interest rates.
May 06, 2014
AIG Profit Declines 27% on Weak Property and Casualty Unit
Net income declines to $1.61bn in first quarter from $2.21bn last year.
May 06, 2014
Jury Keeps Samsung's $119.6m Payment to Apple Intact after Additional Deliberations
Apple has been seeking about $2bn in damages in latest lawsuit.
May 06, 2014
Target Board Ousts CEO Gregg Steinhafel after Massive Data Breach
John Mulligan, Target's chief financial officer, will take over as interim president and CEO.
May 06, 2014
Pfizer Reports $1bn Decline in Revenues
First-quarter revenues declines to $11.4bn from $12.4bn last year.
May 05, 2014
Europe Experiencing Gradual and Broad-Based Recovery: European Commission
Real GDP in EU is set to grow 1.6% in 2014 and to improve further to 2% in 2015.
May 05, 2014
Ukraine's Privatbank Shuts Down Branches in Pro-Russian Regions
Privatbank's branches in Donetsk and Luhansk down shutters after coming under attack..
May 05, 2014
Concerns Rise For India's High-Growth Beef Export Market as Hindu Nationalist BJP Likely to Win
India is set to overtake Brazil as world's largest beef exporter, with industry's recent unprecedented growth.
May 05, 2014
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