Articles by Jerin Mathew

Follow : @jerinmatthewmm Email : j.mathew@ibtimes.com

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

NASDAQ:CG

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

HSBC

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

Rupert Murdoch

$Uber\'s business model under attack in China and Taiwan$

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

Uber

$Forbes\' \'The World\'s Most Influential Cities 2014\' ranks London top New York and Paris$

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

Google NASDAQ:GOOG

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

Barclays

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

NYSE:SLB NYSE:CAM

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

NYSE:BLK

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

NYSE:MON

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

NYSE:EXC NYSE:POM

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

Microsoft

Monsanto sweetens offer for Syngenta to $47bn

Syngenta earlier rejected a $45bn offer, saying it fundamentally undervalued its prospects.

Aug 25, 2015

NYSE:MON NYSE:SYT

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

George Osborne

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

Samsung

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