US Senate Approves $1.1tn Spending Bill to Avert Shutdown
US Senate Approves $1.1tn Spending Bill to Avert Shutdown
China's Luxury Spending Falls Again as More Millionaires Look to Emigrate
Overall luxury spending fell by 15% while spending on gifts declined 25%.
Citibank to Replace Debit Cards Involved in Target Data Breach
Citi is second major bank in US to do so after JP Morgan Chase.
Defence Firm Altegrity That Vetted Snowden Faces $1.8bn Debt
US defence contractor Altegrity is holding company for USIS that vetted Edward Snowden and Aaron Alexis.
Top 10 Acquisitions by Google Including Nest
Google recently announced its acquisition of Nest Labs for $3.2bn – its second largest purchase after Motorola Mobility.
Emerging Markets Help China's Huawei Post Strong Profit Growth
Huawei's revenues in US and Australia slowed down due to security concerns.
Boeing Dreamliner Grounded After Battery Vents White Smoke
Japan Airlines-operated 787 Dreamliner was grounded in Tokyo after apparent problems with battery.
Japan's Toshiba to Buy Controlling Stake in British Nuclear Firm for £102m
Toshiba has been looking for outside opportunities after Fukushima disaster in 2011
Target's Payment Processors Could Face Hefty Fines Due to Data Breach
Payment networks Visa and MasterCard often levy fines on payment processors for cyber security breach.
China Bans Foreign Cars in Military
Xi Jinping ordered that army should use domestic car brands rather than foreign brands.
'More Agile' Airbus Beats Boeing in Commercial Market Share
Airbus commanded 51% gross market share in aircraft category above 100 seats at year end.
Nasdaq and S&P Look to Expand Index Offerings With Acquisitions
Companies are planning to bid for index businesses of Barclays and Northwestern Mutual Life.
Apple Fails to Block Probe of Top Execs Over E-Book Price Fixing
US District Judge denied Apple's plea to block antitrust monitor from probing its top officials Tim Cook and Al Gore.
Japan's Suntory to Become World's No.3 Liquor Company with $16bn Jim Beam Acquisition
US-based Beam owns premium liquor brands including Maker's Mark, Jim Beam and Canadian Club.
India Looks to Recover €270m from UK's AgustaWestland Over Scrapped Chopper Deal
India paid over 43% of €560m contract for 12 AW101 choppers.
Overstock.com Becomes First Major E-tailer to Accept Bitcoins
Overstock.com struck a deal with Coinbase to process bitcoin payments on its site.
'One in Five Non-Food Items Purchased Online in UK During Christmas'
Online sales of non-food items rose 19.2% in December, according to BRC.
China Overtakes US with $4tn in Trading
Growing business ties with emerging markets have helped world's second largest economy.
Singapore Taxes Certain Bitcoin Transactions
Gains from long-term investment in Bitcoins are not taxable, according to Inland Revenue Authority of Singapore (IRAS).
India Lifts Gold Loan Values to Cash in on Jewellery
RBI raised LTV ratio for gold loan companies to 75% from 60%.
Novartis Faces Criminal Complaint in Japan Over Exaggerated Advertising of Hypertension Drug
Japan's health ministry sued Novartis for using manipulated data in marketing Diovan.
New Zealand's Fonterra to "Vigorously Defend" Danone's Court Proceedings
French food giant Danone initiated court proceedings against Fonterra over lost sales due to unnecessary recalls.
Facebook to Strengthen Mobile Presence with Indian Start-Up Buy
Facebook acquired India-based Little Eye Labs that provides mobile app optimisation tool.
Domino's Pizza Projects Above-Forecast Full Year UK Profits and Wider German Losses
Company generated total fourth-quarter sales of £170m from UK.
Ex-Goldman VP Fabrice Tourre's Plea for New Trial in SEC Case Rejected
US District Judge Katherine Forrest upheld earlier ruling against Fabrice Tourre.
Wall Street Banks Face New Probe Over Mortgage Bond Mispricing
Banks allegedly exploited pricing around residential mortgage-backed securities from around 2009 through 2011, says WSJ.
New York Real Estate Broker Accepts Bitcoin Payments
Bitcoin value has crossed $1,000 mark again as gaming company Zynga said it would test bitcoin payments.
EasyJet Records Robust Passenger Numbers for Christmas Season
EasyJet boarded 4.49 million passengers in December, up 3.5% from 4.34 million last year.
China Officially Permits Foreign Video Gaming Companies in Shanghai Free Trade Zone
China banned sales gaming consoles there in 2000.
China to Test Private-Sector Banking in 2014 by Allowing 3-5 Fully Private Banks
China Banking Regulatory Commission (CBRC) plans to attract more domestic and foreign capital.
