More From Jerin Mathew
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.
May 22, 2015
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.
May 22, 2015
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.
May 22, 2015
OECD income inequality reaches highest level in 30 years
Richest 10% of OECD population earn 9.6 times the income of the poorest 10%.
May 21, 2015
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.
May 21, 2015
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.
May 21, 2015
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.
May 21, 2015
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.
May 20, 2015
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.
May 20, 2015
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.
May 20, 2015
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.
May 20, 2015
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.
May 20, 2015
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.
May 19, 2015
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.
May 19, 2015
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.
May 19, 2015
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.
May 19, 2015
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.
May 18, 2015
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.
May 18, 2015
Shares in BHP-Billiton spin off South32 decline on trading debut
Shares opened at A$2.13, valuing the company at A$11.3bn.
May 18, 2015
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
May 16, 2015
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.
May 16, 2015
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.
May 16, 2015
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.
May 16, 2015
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.
May 15, 2015
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.
May 15, 2015
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.
May 15, 2015
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.
May 15, 2015
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.
May 14, 2015
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.
May 14, 2015
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".
May 14, 2015
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