Articles by Jerin Mathew

Follow : @jerinmatthewmm Email : j.mathew@ibtimes.com

Toshiba sells stake in elevator maker Kone for €864.7m to bolster books

Toshiba Elevator and Building Systems sells Kone shares to institutional investors.

Jul 22, 2015

Gold prices remain under pressure after hitting 5-year low

Bullion is trading down 1.11% at 1,091.20 per ounce on Comex as at 6.51am GMT.

Jul 22, 2015

Toyota delays plan to build Lexus vehicles in China

Slow growth in China's auto market and lower manufacturing costs in Japan delay Toyota's new assembly line in China.

Jul 22, 2015

Toyota

A DirecTV dish is seen outside a home in the Queens borough of New York

US telecom and antitrust regulators signal approval for $48.5bn AT&T-DirecTV deal

US Federal Communications Commission and Justice Department expected to announce their approval soon.

Jul 22, 2015

Audi, BMW and Daimler near deal to buy Nokia Here Maps for over €2.5bn

The German auto makers outbid Silicon Valley rivals and plan to create an open platform, according to WSJ.

Jul 22, 2015

Qualcomm likely to announce thousands of job cuts and company break-up

The company is preparing to lay off thousands of employees due to challenges in the high-end smartphone business.

Jul 21, 2015

Pearson said to be exploring sale of Financial Times for £1bn

Germany's Axel Springer SE as well as investors in Europe, the Middle East and Asia are expected to be potential bidders.

Jul 21, 2015

Rolls-Royce Shares Tank 10% on Profit Warning

Rolls-Royce secures £1.4bn worth of Trent 700 engine contracts

New contracts are a relief for Rolls Royce, after it cut profit outlook for third time in just over a year.

Jul 21, 2015

Brics-promoted New Development Bank opens in Shanghai

Bank was officially launched at last BRICS summit in Russian city of Ufa earlier in July.

Jul 21, 2015

IMF

Turkey targets international partners to boost defence exports to $25bn by 2023

Turkey is looking for co-production and technology transfer agreements at a conference to be held in Ankara on 10-12 November.

Jul 20, 2015

Isis Boko Haram

Gold prices plunge to 5-year low on Chinese sell-off and US rate hike hopes

Gold prices fall to as low as $1,088.05 an ounce, the weakest level since March 2010.

Jul 20, 2015

Standard Chartered rejigs organisation structure to cut down regions to 4

Greater China and North Asia, ASEAN and South Asia, Africa and Middle East, and Europe and Americas are the new regions.

Jul 20, 2015

Shell to cut capital expenditure to adjust books for plunge in oil prices

Company expects more savings from its proposed merger with BG Group than previously disclosed.

Jul 20, 2015

Online furniture retailer Made.com raises $60m for European expansion

Funding round was led by Partech Ventures and Fidelity Growth Partners.

Jul 20, 2015

Google has removed 424,355 links from search

Google now valued at over $450bn after recent share rally

Google class A shares closed up 16.05% or $93.08 at $672.93, representing market capitalisation of $459.2bn.

Jul 18, 2015

Toshiba accounting scandal: Japan regulators plan to fine conglomerate

Nikkei reported that the SESC is planning to probe the company after a third-party review on the company's accounting practices.

Jul 18, 2015

JPMorgan reaches $388m settlement with investors in mortgage-backed securities lawsuit

Investors claimed bank misled them into buying $10bn worth of substandard residential mortgage-backed securities.

Jul 18, 2015

China state-run margin lender equipped with $483bn firepower to arrest stock market rout

China Securities Finance Corp will be financially supported by People's Bank of China and 17 big lenders.

Jul 18, 2015

CVS, Costco and Walmart Canada shut down online photo services due to suspected hacking attack

Companies are investigating data breach and urged customers to monitor their credit card accounts.

Jul 18, 2015

South Korea's Posco stalls $12bn steel project in India

Project in eastern India's Odisha state hit by regulatory delays.

Jul 17, 2015

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