Articles by Jerin Mathew

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

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

Amazon

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

The National Debt Clock hangs on a wall next to an office for the Internal Revenue Service near Times Square in New York

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

OPEC

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

$India\'s IndiGo Orders 250 Airbus Jets Worth About $26bn$

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

Toyota

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

Shinzo Abe

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

Mexico

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

Google Uber

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

IMF

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

Goldman Sachs

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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