More From Jerin Mathew
Microsoft weighs bid for Salesforce joining 'game of high stakes poker'
Microsoft is evaluating bid for Salesforce but it is not in talks with firm, and no deal is imminent, Bloomberg reports.
May 06, 2015
Apple's deals with record labels for exclusive streaming rights come under US scrutiny
US Federal Trade Commission is probing if Apple is misusing its position as largest seller of music downloads through its iTunes store.
May 06, 2015
Lufthansa posts improved results helped by lower fuel costs despite pilots' strike
German airline reports adjusted loss before interest and tax of €167m, better than €240m loss reported last year.
May 05, 2015
FX fixing scandal: UBS in 'advanced talks' with US to settle probe
Swiss banking major in talks with US Department of Justice to settle allegations.
May 05, 2015
India's Bharti and Future Group to combine retail operations
Deal would create one of the biggest retail chains in India with more than 570 stores.
May 04, 2015
World Bank pension fund found investing in coal and tobacco firms against bank's principles
Pension fund's investment clashes with World Bank's stance to avoid investments in unethical and carbon-intensive industries.
May 04, 2015
Russia ratifies $100bn Brics reserve fund rivalling IMF
Russia looks to pose stiff competition to West-dominated institutions such as IMF and World Bank.
May 04, 2015
India likely to replace South Korea as GM's global manufacturing hub
Rising labour costs in South Korea are expected to change GM's global strategy.
May 04, 2015
Amazon doubles spending threshold to £20 for free delivery
Change comes a day after online retailer denied rumours of minimum spend increase.
May 02, 2015
India's forex reserves rise to record $344.6bn
Reserves boosted as overseas investors pour in large amounts of money in Indian debt and equities market.
May 02, 2015
Fed officials say rate increase in June 'on the table', but Warren Buffett expects delay
Loretta Mester and John Williams, Federal Reserve heads of Cleveland and San Francisco, hint at rate increase.
May 02, 2015
Germany's BND 'helped' NSA to snoop on European firms and politicians
Targets included high-ranking officials of French foreign ministry, Elysee Palace and European Commission.
May 01, 2015
North Korea's Kim Jong-un cancels planned visit to Russia
Kim's visit to Moscow would have been his first trip abroad since assuming power in 2011.
May 01, 2015
France remains top wine producer despite China having more vineyards
Wine exports brought about €7.7bn to French economy during 2014.
May 01, 2015
Chad receives $1.1bn debt relief from IMF and World Bank
Funding comes from Heavily Indebted Poor Country Initiative and Multilateral Debt Relief Initiative.
May 01, 2015
China's manufacturing sector expands modestly on monetary easing and infrastructure projects
Official manufacturing purchasing managers' index, which measures performance of large industrial firms, remained at 50.1 in April.
May 01, 2015
Apple may face estimated $2.5bn bill over alleged tax avoidance in Europe
Apple warned European Commission's investigation into tax deals with Ireland could have 'material' impact, if decision goes against it.
Apr 30, 2015
Zoopla to buy price comparison site uSwitch for £160m
Sites will continue to operate as separate brands.
Apr 30, 2015
Goldman Sachs leads $50m funding round for bitcoin firm Circle
Bank has led $50m funding round with Chinese investment firm, IDG Capital Partners, for bitcoin payment technology firm Circle.
Apr 30, 2015
Oracle seen as frontrunner for takeover of Salesforce
Microsoft, SAP and IBM reported to be among potential bidders.
Apr 30, 2015
Sainsbury's defends its cause and refutes claims after CEO Mike Coupe's conviction in Egypt
CEO Mike Coupe was convicted over claims that in July 2014 he tried to seize cheques connected with the collapse of business it invested in 16 years ago.
Apr 29, 2015
Bloomberg poll: Investors favour Europe above US as lure for China wanes
Weakness in euro and lower oil prices are expected boost output in eurozone.
Apr 29, 2015
Twitter co-founders suffer combined $750m loss after stock crash
Following Twitter's weak first quarter results, shares closed down more than 18% on 28 April.
Apr 29, 2015
Wal-Mart to open 115 new China stores, creating 30,000 jobs
US retailer already operates more than 400 stores in China.
Apr 29, 2015
Strategy Analytics: Samsung remains No.1 mobile phone vendor despite tough competition from Apple
Strong demand for Samsung's new Galaxy S6 helped company, despite dip in total shipments and market share.
Apr 29, 2015
HSBC considering spinning off UK retail operations and reviving old Midland bank
Spin-off could speed up exit of HSBC from UK amid move to shift headquarters.
Apr 27, 2015
Downing Street to oppose potential foreign takeover bids for BP
Downing Street's warning to BP comes as Anglo-Dutch oil major Royal Dutch Shell reached deal to buy UK-based BG Group for $70bn.
Apr 27, 2015
Nepal earthquake: IMF aid likely as toll reaches 3,200
Nepal eligible for assistance fromIMF's new Catastrophe Containment and Relief Trust.
Apr 27, 2015
Election 2015: Mansion tax 'squeezing the rich is a dangerous game' says property expert
Labour proposal to tax UK houses worth £2m would have severe economic costs, according to expert.
Apr 25, 2015
True cost of owning a super yacht
Super yacht that is 100-metre long with 25 knots top speed and 50 crew should cost about $275m on average.
Apr 25, 2015
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