'Megaupload's Kim Dotcom Targeted One-to-One Copying of Unauthorised YouTube Videos'
Wall Street Journal reports top executives at Megaupload admitted unauthorised sharing of videos.
S&P Downgrades EU's Top Rating Citing Lack of Support From Member States
S&P cut EU's long-term rating by one notch to AA+ with stable outlook.
Edward Snowden NSA Scandal: Agency 'Provided' $10m to Create 'Back Door' in RSA Security Solution
NSA 'paid' $10m to RSA to embed encryption software into software tool Bsafe.
Miami Sues Major US Banks for 'Predatory' Mortgage Lending in City
Miami filed suit against Bank of America, Citigroup and Wells Fargo last week.
'Faithless' Ex-Morgan Stanley Fund Manager Ordered to Repay $31m to Former Employer
Joseph "Chip" Skowron who had been bank's FrontPoint Partners hedge fund manager was convicted for insider trading.
Cyprus Approves First Post-Bailout Budget With Deep Spending Cuts
Cyprus plans 10% reduction in annual spending to meet fiscal targets set by lenders including IMF.
UK Consumer Sentiment Deteriorates For Third Month in Row
GfK NOP's consumer confidence index declines by 1 point to -13 in December.
China's Central Bank Provides Quick Cash to Lenders to Avoid Squeeze
Bank conducts short-term liquidity operation after highest rise in 7-day repo rate.
JPMorgan Confirms Instant Messenger and Chat Room Ban for Traders
Bank prohibited staff from participating in instant message groups amid FX fixing scandal.
UK Car Manufacturing to Hit Six-Year High in 2013
SMMT says car manufacturing will cross 1.5m units in 2013.
India's Tax Department Raises £367m Demand from Vodafone in Transfer-Pricing Case
Vodafone will have to pay amount in 30 days or appeal demand.
US Fed to Start Tapering Stimulus by $10bn a Month
Federal Reserve formally announce tapering of massive bond buyback scheme.
Warren Buffet Biggest Gainer in 2013 With $37m Per Day Earnings
Warren Buffet earned $12.7bn in 2013 and has net worth of $59.1bn at year end.
London and Singapore Markets Compete for AS Watson's Secondary Listing
Hutchison Whampoa has hired three banks to manage stock market listing of its AS Watson division.
US Treasury Cautions Bitcoin 'Money Transmitters' on Legal Compliance
Treasury's FinCEN sent letters to bitcoin businesses that are defined as money transmitters.
Australia Announces $90m Job Package to Offset GM's Exit
GM subsidiary Holden earlier announced its exit would affect 2,900 jobs in Australia.
BP-Led Consortium Agrees on $45bn Azerbaijan Gas Project to Change Europe's Energy Map
Project would see expansion of Shah Deniz project in Caspian Sea and construction of new natural gas pipeline to Europe.
GlaxoSmithKline to End Payments to Doctors to Promote Drugs
Company will end sales staff bonus payment system, based on number of prescriptions written by doctors
China Changes Stance on Growth-Hampering Local Government Debt
Rising local government debt in China is considered as threat to financial stability.
JP Morgan 'Prevented' Regulatory Probe over Madoff Ponzi Scheme
Government official tells Reuters bank blocked OIG's probe over bank's relationship with Bernard Madoff.
More Swiss Banks Fall in With DoJ Scheme to Expose US Tax Evaders
More Swiss banks are agreeing to cooperative with US authorities in the face of prosecution for hiding taxable assets from the IRS.
BP Inks Deal with Oman to Develop $16bn Khazzan Gas Project
Project is expected to produce 1 billion cubic feet of gas and 25,000 barrels of gas condensate per day at peak levels.
GlaxoSmithKline to Increase Stake in Indian Unit With $1bn Open Offer
Move indicates that GSK is more reliant on high-growth emerging markets than traditional western markets.
UK House Prices Could Soar Up To 8% Without Fresh Supply
Rightmove says housing sector recovery in country gaining momentum.
IBM Sued Over China Sales Decline Due to NSA 'Connection'
Whistleblower Edward Snowden revealed IBM 'cooperating' with NSA in surveillance programmes.
Bank of England Says UK Housing Market Like a 'Microwave'
BoE chief economist Spencer Dale says property market could turn from 'lukewarm to scalding hot'.
Biggest Class Action Suit against Visa and MasterCard Settled
New York judge approves $5.7bn settlement over credit card fees.
Russia's Central Bank Revokes Three More Banking Licences in Regulatory Crackdown
Almost 30 Russian banks have lost their licences in 2013 under central bank chief Elvira Nabiullina's regime.
Elite US Universities Record Budget Deficits Amid Federal Cuts
Bloomberg reports that half of Ivy League institutions recorded budget deficits in fiscal 2013.
Bitcoin Wallet Start-Up Gets Record $25m Funding
San Francisco-based Coinbase received $25m funding from investors led by led Andreessen Horowitz.
