Indian Central Bank Pumping 80bn Rupees into Financial System via Government Bond Buyback
RBI will spend billions on long-term bond buyback to bring down borrowing costs and boost credit.
Detroit Bankruptcy Proceedings Facing Objections from Unions
Unions and creditors say that city's move is violating state and federal laws.
Help to Buy Scheme Lifts Persimmon Profits by 38%
Persimmon benefited from improved availability of mortgages and lower mortgage interest rates due to government schemes.
SEC Investigates JPMorgan For 'Corrupt' Hiring Practices in China
Legal woes mount for JPM as it faces several lawsuits including energy market manipulation
China to Form 'Super Agency' to Coordinate Financial Regulators
Led by central bank, the new body will have representations from banking, securities, insurance and foreign-exchange regulatory bodies.
Vodafone Settled Tax Dodging Dispute with HMRC in 2009
Guardian reports that Irish subsidiary helped Vodafone to send more than €1bn of dividends to low-tax jurisdiction of Luxembourg.
Glencore Shares Suffer from Expected $7bn Writedown of Xstrata Assets
Glencore Xstrata may write down the value of Xstrata assets by $7bn in its first half results
China Sees No Big Changes to Economic Policy in Near Term
PBoC governor said China will liberalise deposit rates as it looks to "fine-tune" policy as needed.
UK on House Price Bubble Cusp as Demand Outstrips Supply
Housing market recovery continues in August with home asking prices up 5.5% year-on-year.
Morsi Clashes Threaten Egypt's Tourism Industry
Since military coup in July, Egypt's tourism industry has lost an estimated $720m in business.
Funding For Lending Scheme Makes Mortgages Most Affordable in 14 Years
Bank of England launched FLS in 2012 to help banks to provide loans at lower interest rates.
L'Oreal Targets China Expansion with £539m Magic Holdings Takeover
Maker of Garnier shampoo is supported by Magic Holdings' board and key shareholders.
US Bankruptcy Judge Blocks Kodak Shareholder Move
Kodak shareholders denied special committee in proceedings as company receives nod for reorganisation plan.
BHP Likely to Face US Enforcement Actions over Beijing Olympics Corruption Scandal
BHP Billiton allegedly breached US anti-corruption laws under its hospitality and sponsorship programme at Beijing Olympics
IBM, Oracle and EMC in China Probe Over Edward Snowden Disclosures
Former NSA whistleblower alleged systems were hacked in Chinese universities.
China's Short-Term Borrowing Rates Rise on Central Bank's Higher Guidance
China aims at loosening short-term rates, while tightening long-term rates in order to curb speculation and higher lending.
China to Launch Another Bribery Probe into Pharmaceutical Sector
France's Sanofi and Britain's GlaxoSmithKline are among foreign firms who were accused of bribery in China
US Government Files Lawsuit to Block $11bn AMR-US Airways Merger
Justice Department claims deal would result in higher fares and fees for consumers.
Japan's Shinzo Abe Mulls Corporation Tax Rate Cut to Offset Weakness
Abe aims to prove his strategy can foster economic recovery while containing Japan's enormous public debt.
UK House Prices Rise at Fastest Pace in Six Years on Boosted Demand
FLS and Help to Buy boosts buyer demand, raises Rics house price balance to highest since November 2006
Italian Government Pays Fiat Workers for Being Unemployed
Crisis-hit European governments are siphoning cash into automakers' staff pockets that are on forced leave
Gulf of Mexico Oil Spill: BP Sues US Government to Lift Ban on Federal Contracts
BP blocked from receiving billions of dollars in new federal contracts over criminal and civil charges.
Prudential Shares Rise on 22% Surge in Half-Year Profits
British insurance giant reported soaring profits, led by its business in Asia
Deloitte Urges UK Government to Create Consistent Tax Rules to Attract Foreign Firms
Accountancy laments disconnect between government measures to attract foreign investment and PAC's stand against foreign companies.
French Drugmaker Sanofi Faces Probe in China over Bribery Allegations
After GlaxoSmithKline, China is probing Sanofi for alleged bribery by staff.
RBS Sells Portion of India Assets to Local Bank
Sale comes after RBS deal with HSBC fell through in November last year.
Carlos Slim Plans Expansion Outside Latin America with €7.2bn KPN Offer
América Móvil is offering about €7.2bn for 70% stake it does not own in Dutch carrier KPN.
Chinese Solar Exports to Decline on EU Trade Restrictions
China's solar shipments to EU were capped earlier at 7 GW per year to prevent dumping.
China's Consumer Price Inflation Remains Stable as Markets Await 'Long-Overdue' Rate Cuts
Consumer price inflation was stable at 2.7% in July, leaving room for policy rate cuts.
UK Permanent Job Placements 'Skyrocket' by Fastest Pace Since March 2010
Both permanent and contract staff appointments rose significantly in July, according to REC/KPMG job report.
