US Shutdown: Fitch Puts US AAA Credit Rating Under 'Review' as Debt Ceiling Deadline Nears
Fitch places US credit ratings under review for possible downgrade as country nears deadline to raise its debt ceiling to avoid default.
Oct 16, 2013
Boeing Denies $16.6m Overcharging in US Army Helicopter Contract
Pentagon accuses Boeing of overcharging army between $7.4m and $16.6m on Chinook contract.
Oct 15, 2013
Edward Snowden NSA Scandal: Government Seeks to Throw Out Supreme Court Case Against Agency's Phone Tapping
Justice Department said Supreme Court lacks jurisdiction to consider lawsuit by Electronic Privacy Information Center.
Oct 15, 2013
Edward Snowden NSA Scandal: Agency Tapped Into Email and 'Buddy Groups' with Foreign Telecom Firms' Help
NSA collected hundreds of millions of contact lists via email and instant messaging accounts, according to new allegations
Oct 15, 2013
US Government Shutdown: Senate Leaders Optimistic About Raising Debt Ceiling
US would default on its debt if ceiling is not raised before 17 October.
Oct 15, 2013
China Inks €45bn Currency Swap with Eurozone
China signed currency swap deals so far worth about 2.2tn yuan with 22 countries and regions.
Oct 11, 2013
Central Bank Chief Insists India Has Strong Fundamentals
RBI governor Raghuram Rajan said India has no external or internal financing difficulties.
Oct 11, 2013
Boeing in Tailspin over $9.5bn Japan Contract Loss
Aircraft maker's marketing and strategy functions to be consolidated after Boeing misses out on massive order to European rival Airbus
Oct 11, 2013
China's Central Bank Expects 2013 Growth to Exceed 7.5% Official Target
Yi Gang, deputy governor of the People's Bank of China, said growth rate will surpass official target as country tackled issues such as shadow banking.
Oct 11, 2013
China Beats US as World's Largest Oil Importer
China's net oil imports increased to 6.3 billion barrels per day, according to US Energy Information Administration (EIA).
Oct 10, 2013
World Bank Arm IFC to Raise $1bn from Rupee Bonds for India's Private Sector
The International Finance Corporation's rupee-bond programme is aimed to boost India economy confidence
Oct 10, 2013
JAL Turns Back Boeing 787 Dreamliner Flight on Toilet Glitch
787 Dreamliner suffered from series of issues since its first flight in December 2009, damaging Boeing reputation.
Oct 10, 2013
US Government Shutdown: Treasury and Fed Prepare for Possible Debt Default
Officials still said that there was no way to avoid an eventual default if debt limit is not raised.
Oct 10, 2013
Indian IT Firms Seek Business Expansion Opportunities in Europe
Companies are afraid of possible immigration law overhaul in US that can drive up costs.
Oct 09, 2013
China to Triple Registered Capital Requirements for Foreign Banks
China Banking and Regulatory Commission (CBRC) plans to more than triple minimum registered capital requirement of foreign firms.
Oct 09, 2013
US Government Shutdown: BoJ Warns of Critical Need for Prompt Debt Ceiling Resolution for the Global Economy
BoJ Deputy Governor Hiroshi Nakaso said US economy is facing "greatest uncertainty" due to political impasse.
Oct 09, 2013
Wal-Mart to Run India Wholesale Business Single-Handedly
US retailer acquired Bharti's 50% stake in their joint venture, Bharti Wal-Mart, strengthening its presence in India.
Oct 09, 2013
Japan's Current Account Surplus Plunges as Public Debt Fears Loom
Current account surplus declined 63.7% on year to 161.5bn yen.
Oct 08, 2013
Edward Snowden NSA Scandal: Agency's Controversial Utah Data Centre Suffers from Series of Meltdowns
$1.4bn data centre spanning 1 million square feet will have capacity bigger than Google's largest facility.
Oct 08, 2013
Gulf of Mexico Oil Spill: BP and US Government Fight Over Leak Size
Methods used to calculate size of Deepwater Horizon catastrophe results in litigation.
Oct 08, 2013
India's Central Bank Eases Policy Rate on Rupee's Strength
RBI lowers rate at which banks borrow funds overnight from central bank.
Oct 08, 2013
India Embraces Austerity to Meet Deficit Target
Country already crossed almost 75% of 5.4tn-rupee deficit target.
Oct 07, 2013
US Government Shutdown: India's Rupee and Stocks Freefall Continues
Investors fear foreigners will reduce investments in India and drag markets down.
Oct 07, 2013
Airbus Ends Boeing's Monopoly in Japan with $9.5bn JAL Order for Long-Haul Jets
More than 80% of Japanese airlines' fleet had constituted Boeing jets.
Oct 07, 2013
India Becomes Attractive Investment Destination after Rupee Fall – Bank of America
China, with new laws, said to be losing competitive edge.
Oct 05, 2013
US Shutdown: Free-Trade Agreement Talks with EU on Hold
US Trade Representative Michael Froman says the US unable to send full team to Brussels to discuss Transatlantic Trade and Investment Partnership with EU.
Oct 05, 2013
Help to Buy: Doubts Grow as UK Launches Second Phase Next Week
Second phase provides help to home buyers in form of equity loan and mortgage guarantee.
Oct 05, 2013
Swiss Regulator Probes Banks Over $5tn Currency Markets Manipulation
Multiple banks around the world are potentially implicated in investigations, according to FINMA.
Oct 04, 2013
Bank of Japan Maintains Monetary Policy Despite Risks of Sales-Tax Hike
Bank expects Japan's moderate recovery to continue amid improving business sentiment.
Oct 04, 2013
Twitter Seeks $1bn IPO - Even Though It's Yet to Make Profit
Twitter has significantly grown its revenues from just $28m in 2010 to $317m at 2012-end, according to its IPO prospectus.
Oct 04, 2013
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