More From Jerin Mathew
Brazilian economy falls into recession with 1.9% contraction in second quarter
Earlier, the country revised down its first quarter GDP decline to 0.7% from 0.2%.
Aug 29, 2015
UK software firm Innovation in talks with Carlyle over £500m takeover deal
Shares in Innovation closed up 9.93% at 38.75 pence following the news.
Aug 29, 2015
HSBC processes '99%' of delayed salary payments
275,000 payments were held up by an IT glitch, leaving many without cash ahead of the bank holiday weekend.
Aug 29, 2015
Rebekah Brooks returning to News Corp as head of UK operations
Brooks was earlier acquitted of all charges related to the phone-hacking sandal at the News of the World.
Aug 29, 2015
UberChina to get $1bn finance to compete with Didi Kuaidi
Investors have agreed to funding that would value UberChina at about $7.5bn.
Aug 28, 2015
UK millionaire population rises by 41% to 715,000 over 5 years
Nearly half of the new millionaires are living outside London and the South East.
Aug 28, 2015
Oil prices recover on strong US economic growth figures
US gross domestic product (GDP) increased at a 3.7% annualised rate, above economists' estimates, in Q2.
Aug 28, 2015
Google rejects EU's antitrust complaints citing benefits to consumers and advertisers
Google says its services provide more choice for European consumers.
Aug 28, 2015
Barclays wins dismissal of US lawsuit inspired by best-selling book 'Flash Boys'
Lawsuit accused the bank and major US stock exchanges of preferential treatment to high-frequency traders.
Aug 27, 2015
Oil-field services firms Schlumberger and Cameron in $12.7bn deal
Deal values Cameron share at $66.36 apiece, representing 56.3% premium to its most recent closing price.
Aug 27, 2015
Bosch buys advanced battery start-up Seeo, targeting high-growth electric car market
Founded in 2007, Seeo is known for its advancements in high-energy rechargeable lithium-ion batteries.
Aug 27, 2015
BlackRock buys digital wealth manager FutureAdvisor
FutureAdvisor manages clients' investments based on computer algorithms.
Aug 27, 2015
Monsanto drops acquisition plan after Syngenta rejects sweetened deal
Monsanto said it will continue to focus on its growth opportunities built on its existing core business.
Aug 27, 2015
German payment processor Wirecard bidding £6bn for British rival Worldpay
A number of private-equity bidders are looking to acquire Worldpay, which is also considering an IPO.
Aug 26, 2015
US regulators block $6.8bn merger between energy firms Exelon and Pepco
Pepco shares fell 15.4%, while Exelon shares lost about 4% after decision by D C Public Service Commission.
Aug 26, 2015
Airport retailers urged to pass on £2.5bn-a-year VAT savings to passengers
Kabbee, a minicab booking app, launched a Change.org petition to urge duty-free retailers to change their behaviour.
Aug 26, 2015
Ashley Madison hack: IBM and HP have largest number of cheaters among tech firms
IBM has 311 employees registered with Ashley Madison, while HP has 160 employees.
Aug 26, 2015
Monsanto sweetens offer for Syngenta to $47bn
Syngenta earlier rejected a $45bn offer, saying it fundamentally undervalued its prospects.
Aug 25, 2015
Lloyds shares continue to fall as Osborne plans stake sale within a year
On 25 August, Lloyds shares are trading down 3.15% at 73.46 pence as at 6.24am GMT.
Aug 25, 2015
Korean chipmaker SK Hynix announces $38bn investment in 3 new plants
New plants would have updated production techniques to boost company's competitiveness in the ever-evolving semiconductor sector.
Aug 25, 2015
Ashley Madison hack: Infidelity site and parent company Avid Life Media faces lawsuit in US
Lawsuit brought by a man identified only as John Doe in California seeks class-action status.
Aug 25, 2015
Zurich Insurance seeks to extend deadline to announce RSA deal
The deadline for the Swiss insurer to table a formal offer for RSA is set to expire on 25 August.
Aug 24, 2015
Swiss authorities 'probing' link between banking sector and Malaysian state fund
Investigation is focused on 1Malaysia Development Bhd fund (1MDB), whose advisory board is headed by PM Najib Razak.
Aug 24, 2015
BT accuses Verizon, AT&T of hurting competition with infrastructure monopolies
The two companies control about 80% of US's "special access network", the telephone and broadband lines used to carry data.
Aug 24, 2015
BHP-Billiton spin-off South32 to cut costs and capital expenditure
Company announces cost-cutting plans in its first financial results since its spin-off in May.
Aug 24, 2015
Oil prices at new 6.5-year lows; Brent and WTI fall below $45 and $40 respectively
Brent crude is down 2.38% at $44.38 per barrel as at 4.15am GMT, while WTI crude declined 2.92% at $39.47.
Aug 24, 2015
Private equity firms team up for Tesco's $6bn South Korean unit
Sale is expected to be Asia's biggest ever private equity deal.
Aug 22, 2015
Alibaba shares plunge closer to $68 IPO level
Shares closed 3.04% down at $68.18, taking the stock to a new 52-week low, amid a rout in US stock markets.
Aug 22, 2015
Ashley Madison hackers: 'Avid Life Media is like drug dealer abusing addicts'
Impact Team which hacked Ashley Madison explains its motivation behind the attack.
Aug 22, 2015
Uber seen projecting three-fold rise in 2015 bookings worth $10.84bn
Bookings reached $2.91bn in 2014 and $687.8m in 2013, according to a presentation.
Aug 21, 2015
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