EBA Warns Bitcoin and Other Virtual Currencies Are Risky
Regulatory agency of European Union warns consumers could lose money.
Hilton Worldwide Raises Record $2.34bn In Stock Market Return
Hilton was taken private in 2007 by Blackstone in leveraged deal worth about $26.7bn.
China to Liberalise M&A Rules to Consolidate Industries With Overcapacity
Shanghai Securities News reports China will liberalise M&A regulations and promote usage of preferred shares and M&A funds.
JP Morgan Faces $2bn Penalty and Criminal Action Over Madoff Connection
Federal authorities nearing settlements over JPMorgan's involvement in Madoff case.
Toyota: Australian PM Abbott to Press Japanese Automaker to Stay on
Move follows GM subsidiary Holden's decision to exit Australia in 2017.
GM to Stop Manufacturing in Australia Due to Soaring Costs
Appreciation of Australian dollar has prompted many car manufacturers to exit country.
GM Appoints Mary Barra as First Female Boss of Car Industry
Barra has been in charge of design, engineering and quality for all GM vehicles.
US to Avert January Shutdown as Bi-Partisan Committee Reaches Deal on Budget
The US government was due to run out of cash on 15 January.
JP Morgan to Patent Bitcoin-Like 'Virtual Cash'
Bank's planned "virtual cash" would allow users to make payments anonymously just like Bitcoin.
Mexico to End 75-Year State Monopoly in Oil Sector to Compensate Production Shortfall
Mexico would pass bill that would allow output sharing and licenses for outside oil producers.
US Taxpayers Lose $500m on Idled Transport Planes in Afghanistan
Sixteen broken-down G222 turboprop aircraft worth $486m languishing at Kabul airport.
Madoff Spied on SEC Investigators Says Star Witness
Star witness Frank DiPascali told court that his former boss sneaked into briefcase of one of SEC investigators.
UK Home Price Growth Projections Rise to 14-Year High as Demand Outpaces Supply
In Rics survey, 59% more surveyors expect house prices to rise further.
EADS Plans up to 6,000 Job Cuts and Paris HQ Sale in Restructuring
EADS is planning to cut between 5,000 and 6,000 jobs as part of restructuring.
China Likely to Face First Corporate Bond Default Amid Tight Credit Conditions
Chinese firms are due to repay record 2.6tn yuan of bonds in 2014.
China to Liberalise Interest Rates by Allowing Inter-Bank Certificates of Deposits
Certificate of deposits are savings instruments entitling bearer to receive interest.
China Inflation Unexpectedly Slows Down on Lower Food Prices
CPI inflation declines to 3.0% in November, compared to analysts' expectations of 3.2%.
Twitter Adds Security Layer to Block Snooping after Edward Snowden Revelations
Twitter enables 'perfect forward secrecy' following similar steps by Google and Facebook.
US Aircraft Remanufacturer Nextant Presents $5m Business Jet at Dubai Airshow
Nextant 400XTi dubbed world's first 're-manufactured' business jet.
Former Co-op Bank Boss Paul Flowers Released on Bail
Detectives questioned Methodist minister from 1 am to 5 pm on 22 November.
China President Xi Jinping to Promote Allies to Key Positions to Counter Opposition to Reforms
Xi plans to promote his well-wishers in coming months as part of reshuffle at party, government and military.
Rivals Look to Grab Dissatisfied Clients and Staff from Merging Omnicom and Publicis
WPP, Interpublic and Dentsu taking advantage of disturbance among clients and staff due to merger.
Edward Snowden NSA Scandal: Germany to Enhance Capabilities to Prevent Snooping
Germany's move is in line with Snowden's revelations that NSA tapped Angela Merkel's cellphone.
Nokia Agrees to Pay Part of 30bn Rupee Tax Demand from India to Ensure Smooth Transaction with Microsoft
Finnish mobile phone maker looking to unfreeze India factory in Chennai.
Property Portals Push Disparity in UK House Prices
Agent Analytics said disparity between portals and land registry is 47.4% nationally.
Bank of Japan to Continue Aggressive Monetary Stimulus as Growth Remains Moderate
Bank will continue its money market operations so that monetary base will increase at annual pace of about 60tn yen to 70tn yen.
China Reforms to Continue With More Transparency in Budgeting and Tax
Chinese Finance Minister Lou Jiwei said the country requires more transparency in budget system and fairness in tax system.
US Fed Hints at Tapering in 'Coming Months'
St. Louis Fed president James Bullard says tapering could begin in December if jobs report is strong.
India Likely to Deregulate Diesel Prices in Six Months
Rising oil import bills contributed significantly to India's huge current account deficit.
JP Morgan to Pay Largest Ever Settlement in US History
Bank will pay $13bn to settle claims over mortgage asset quality misrepresentation.