More From Jerin Mathew
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 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
Google posts better-than-expected profit on ad revenue growth
Google reports profits of $3.93bn , or $6.43 per share, up 17% from the same quarter in 2014.
Jul 17, 2015
Mark Carney hints possible interest rate rise 'at turn of year'
Rate increases are expected to be gradual, and limited to a level below past averages.
Jul 17, 2015
Samsung C&T shareholders approve $8bn merger with Cheil Industries
Development comes as major blow to US hedge fund Elliott Associates.
Jul 17, 2015
Apple faces trademark lawsuit in Europe over iWatch term
Probendi, which owns iWatch trademark in Europe, moves Milan court.
Jul 17, 2015
Tata Steel announces 720 UK job cuts blaming high energy costs and strong pound
Most job cuts will be at the company's steel bar-making plant in Rotherham.
Jul 16, 2015
Facebook testing small e-commerce stores within social network
Company is building out shops within Facebook pages, providing businesses a chance to directly sell their products.
Jul 16, 2015
ADB cuts Asia growth forecast on China and US woes
ADB has cut its 2015 growth forecast for Developing Asia to 6.1% from 6.3%.
Jul 16, 2015
Toshiba accounting scandal: Conglomerate faces over $3bn in fines
Company's improper book-keeping practices allegedly led to an overstatement in profits by more than ¥170bn.
Jul 16, 2015
IPA Bellwether report: UK firms to spend more on ads despite being less optimistic
Latest IPA Bellwether report reveals that a net balance of 12.2% of companies increased their advertising budgets in second quarter.
Jul 16, 2015
Singapore's Oxley buys 20% stake in London homebuilder Galliard for £50m
Galliard is London's largest privately owned residential developer and second largest house builder in the UK capital.
Jul 16, 2015
Mining giant BHP Billiton in $2.8bn US shale writedown
Most of impairment charge is related to shale gas-focused Hawkville field in South Texas.
Jul 15, 2015
Toshiba CEO Hisao Tanaka expected to resign over accounting scandal
More than half the board is expected to quit at company's next shareholders' meeting.
Jul 15, 2015
Twitter shares surge after fake $31bn buyout offer report
US SEC is probing possible market manipulation over fake news article.
Jul 15, 2015
Yum Brands sales dip for another quarter due to persistent China woes
The company recorded total sales of $3.11bn for second quarter, down 3% from 2014.
Jul 15, 2015
Morgan Stanley: China slowdown raises fears of global recession
Ruchir Sharma says China is likely to be the biggest source of vulnerability for the global economy.
Jul 15, 2015
China records 7% growth in second quarter beating forecasts
China's NBS warns of difficult local and global economic conditions.
Jul 15, 2015
IBM to help breastfeeding employees ship milk back to babies
New IBM perk will allow working mothers to ship expressed breast milk to their babies while travelling for work.
Jul 14, 2015
China's Tsinghua Unigroup seeking to buy US chipmaker Micron Technology for $23bn
WSJ reports that Tsinghua is willing to pay $21 per share for Micron in what could be the biggest foreign deal by a Chinese company.
Jul 14, 2015
Facebook reaches $250bn market cap at record pace
Social network giant takes just over three years to reach at $250bn mark, beating previous record holder Google.
Jul 14, 2015
Reddit: Ex CEO says co-founder Alexis Ohanian to be blamed instead of Ellen Pao for chaos
Yishan Wong alleges Ohanian had different ideas for AMA forum handled by Victoria Taylor.
Jul 14, 2015
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