More From Jerin Mathew
Yuan's inclusion in SDR basket no big deal for global economy say economists
Special drawing rights account for less than 3% of central bank reserve assets, economists say.
Aug 21, 2015
Former US banker Charles Antonucci gets 2.5 years for fraud
He sought money from the Troubled Asset Relief Program, established by the US during the 2008 crisis.
Aug 21, 2015
Chinese hackers used Microsoft Word documents to attack Indian institutions
Cybercriminals, probably from China, made use of vulnerability in Microsoft software to create backdoors on infected machines.
Aug 21, 2015
Kazakh tenge plunges to all-time low after country embraces free-float system
Tenge is trading down 21.57% at 252.60 per US dollar as at 10.20am GMT, after Kazakhstan freed currency.
Aug 20, 2015
JPMorgan, Goldman Sachs and Morgan Stanley join hands for cost-saving data company
New company will accumulate and clean reams of data used to help determine pricing and transaction costs.
Aug 20, 2015
GVC Holdings to sweeten offer for Bwin to £1.1bn
GVC earlier revised its offer to £1.03bn from about £1bn, but Bwin favoured £900m deal with 888 Holdings.
Aug 20, 2015
IMF defers yuan's inclusion in SDR basket until October 2016
Move comes as IMF awaits further reforms to China's currency policies.
Aug 20, 2015
Air Partner buys aviation safety consultant Baines Simmons for £6m
Baines Simmons is consultant and adviser to more than 750 aviation organisations.
Aug 20, 2015
Rugby World Cup 2015: UK travel and tourism sector to get £1bn boost
Event expected to be biggest driver of tourism since 2012 London Olympics.
Aug 19, 2015
Canadian chat app Kik valued at $1bn after $50m investment from Tencent
Popular among teenagers, Kik competes with Whatsapp, Facebook Messenger and Snapchat.
Aug 19, 2015
Indian e-commerce start-up Snapdeal secures $500m from Alibaba, Foxconn, SoftBank and others
Latest funding round reportedly values online retailer at $5bn.
Aug 19, 2015
Vietnam devalues currency for third time to maintain export competitiveness
State Bank of Vietnam has raised its reference rate by 1% to 21,890 dong per US dollar.
Aug 19, 2015
Bangkok bomb blasts: Thailand likely to ease rates as weak tourism receipts could hurt current account
Tourism accounts for around 20% of Thailand's gross domestic product (GDP), including indirect effects.
Aug 18, 2015
US IRS hackers accessed additional 220,000 taxpayer accounts
IRS initially estimated potentially affected accounts at 225,000, including 114,000 successful attempts and 110,000 failed attempts.
Aug 18, 2015
Oil prices fall further as traders expect rates as low as $30
Brent crude is trading down 0.27% at $48.61 per barrel as at 5.48 am GMT, while WTI crude fell 0.14% at $41.81.
Aug 18, 2015
Troubled Sahara Group not selling Grosvenor House hotel in London
In submission to India's Supreme Court, Sahara said it was not selling its hotel assets in London and New York.
Aug 18, 2015
Airbus gets largest aircraft order from India's IndiGo
IndiGo's order for 250 A320neo aircraft from Airbus has extended the aeroplane maker's lead over rival Boeing in India.
Aug 17, 2015
China Tianjin blasts: Toyota and John Deere halt operations in northern city
Toyota closes plant for a couple of days, while John Deere stops operations indefinitely.
Aug 17, 2015
FTSE 100 CEOs get 183 times more pay than ordinary worker
Average FTSE 100 CEO pay jumped to £4.964m in 2014, compared to £27,195 median pay for full-time employee.
Aug 17, 2015
Japanese economy contracts in second quarter amid weak domestic and external demand
Growth declined at an annualised pace of 1.6% in the second quarter, compared to market forecast of a 1.9% fall.
Aug 17, 2015
US to swap oil with Mexico lifting export bans dating back to 1970s
US is working hard to address domestic oil glut caused by its shale boom.
Aug 15, 2015
Project Titan: Apple reportedly looking to test self-driving car in California's Bay area
Apple officials contacted GoMentum Station, former naval base near San Francisco that is being converted into testing ground for autonomous vehicles.
Aug 15, 2015
IMF: Chinese yuan may become free-floated in next 2-3 years
IMF praises China's recent steps allowing market forces to have greater role in determining exchange rate.
Aug 15, 2015
Goldman Sachs to buy GE Capital Bank's $16bn online platform
GE Capital Bank's US online banking business has $16bn in savings accounts and other deposits.
Aug 14, 2015
Iran to showcase 45 projects at London conference in bid to double oil output
Iran will discuss its new oil contract models and 45 oil and gas projects including oil and gas exploration with international oil companies at December conference.
Aug 14, 2015
Apple reports improved workforce diversity with more hiring of women and minorities
CEO Tim Cook says 50% of US recruitment comprises women, Black, Hispanic, or Native American.
Aug 14, 2015
Apple TV launch put off due to stalled talks with CBS, Fox and NBC
Planned announcement at upcoming Apple event in San Francisco dropped.
Aug 14, 2015
Indian court lifts ban on Nestle's Maggi noodles
Bombay High Court says ban on Maggi was violation of principle of natural justice.
Aug 13, 2015
Gold demand declines in second quarter as India and China lose appetite for jewellery
WGC says gold demand dropped 12% to a six-year low of 914.9 tonnes in Q2, while supply fell by 5%.
Aug 13, 2015
Japan's core machinery orders decline adding to fears of second-quarter contraction
Core machinery orders fell 7.9% in June from May, down for first time in four months.
Aug 13, 2015
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