Japan's Mizuho Sanctions Executives Over Yakuza Loan Scandal
CEO Yasuhiro Sato will have his salary cut for six months, but is likely to survive scandal, according to media reports.
Oct 25, 2013
Boeing Secures $20.7bn Commitments from China After Japan Contract Losses
Multiple Chinese customers committed to buy around 200 737 Max aircraft from Boeing, according to Reuters.
Oct 25, 2013
Twitter Hires NBC's Vivian Schiller as Representative to News Industry
Twitter priced its IPO between $17 and $20 per share.
Oct 25, 2013
Eurozone Business Activity Eases Indicating Fragile Economic Recovery
Markit flash Eurozone composite output index declined to 51.5 in October from 52.2 in September.
Oct 24, 2013
India Shares Surge as US Fed Tapering Fears Ease
India's benchmark indices posted record high on 24 October on corporate profits and foreign inflows.
Oct 24, 2013
Wal-Mart to Expand China Operations After Suffering Setback in India
US retailer that ended retail joint venture in India with Bharti Enterprises will open up to 110 facilities in China.
Oct 24, 2013
Pinterest Plans International Expansion as Valuation Boosted to $3.8bn
Scrapbooking website gets $225m in latest round of fund raising led by Fidelity.
Oct 24, 2013
China Banks Increase Bad Loan Write Offs to Improve Default Ratios
Five largest banks in China have written off 22.1bn yuan in first half, up from 7.65bn yuan last year, according to Bloomberg.
Oct 23, 2013
Officials Apply Al Capone Model to Crack Down on Yakuza Mobsters
US Treasury Department so far has frozen about $55,000 of yakuza holdings including two Japan-issued American Express cards, according to Bloomberg.
Oct 23, 2013
Bill Gates Bets on Spanish Economy with €113.5m Investment in FCC
World's richest man Bill Gates acquired a 5.7% shareholding in Spain's Fomento de Construcciones y Contratas.
Oct 23, 2013
Australia Raises Debt-Ceiling to A$500bn to Avoid US-Like Crisis
Australia is forecast to reach its current A$300bn ceiling in December.
Oct 23, 2013
China Inks $85bn Oil Supply Contract with Russia to Meet Rising Energy Demand
Russian Prime Minister Dmitry Medvedev said his country will supply additional 10 million tonnes of crude oil per year to China through Rosneft.
Oct 22, 2013
US Navy Bribery Scandal: Singapore Defence Firm's $205m Contracts Terminated
Glenn Defense Marine Asia was barred from taking government contracts after its CEO Leonard Glenn Francis was arrested along with top government officials.
Oct 22, 2013
Former Jefferies Trader Jesse Litvak Loses in Plea to Drop US Tarp Charges
US District judge ruled former Jefferies trader must face criminal charges for defrauding government by falsifying prices of mortgage securities.
Oct 22, 2013
BHP Billiton Exits Nearly all Indian Projects as Foreign Firms Continue India Exodus Over Red Tape
BHP would withdraw from nine oil and gas projects in India and would keep just one deepwater field in Mumbai.
Oct 22, 2013
London House Prices 'Frenzy' Propels UK Property Market Back to Growth
Average asking price rises 2.8% but London prices soar 10.2%.
Oct 21, 2013
Airbus Aims to Double Japan Market Share by 2020 in Further Challenge to Boeing
Airbus CEO Fabrice Bregier aims at 50% market share in Japan in the next 20-25 years.
Oct 21, 2013
State Council: China on Track to Meet Growth Target Despite Challenges
Administration had taken steps to liberalise interest rates and encourage trade and investment.
Oct 21, 2013
Japan Records 15th Straight Monthly Trade Deficit as Weak Yen Inflates Import Bills
Trade deficit for September rose64% year over year to 932bn yen.
Oct 21, 2013
RBS Future Will Be Decided in 'Next Two or Three Weeks': George Osborne
Government will not sell its 81% holding in RBS until after next general election, Osborne tells the Daily Telegraph.
Oct 19, 2013
Chinese State-Owned Firms Post Higher Profits as Economy Recovers from Slowdown
State-owned firms that dominate Chinese economy recorded 10.5% increase in profits for first three quarters of 2013.
Oct 19, 2013
US Fed Likely to Assess Shutdown Impact Before Deciding on Tapering
Chicago Fed President Charles Evans said central bank will need more meetings to decide on stimulus tapering.
Oct 18, 2013
China Economic Growth Accelerates on 'Mini Stimulus'
GDP rose 7.8% on year in third quarter, up from 7.5% in the second quarter
Oct 18, 2013
Edward Snowden NSA Scandal: Agency to Appoint Head of Leak Investigations Richard Ledgett as Deputy Director
Sources say Richard Ledgett will replace John "Chris" Inglis in the No. 2 position at NSA.
Oct 18, 2013
Canada Set to Sign EU Free-Trade Pact in Bid to Boost Exports
Canadian Prime Minister Stephen Harper is meeting EU leaders to conclude talks over Comprehensive Economic and Trade Agreement
Oct 17, 2013
Lower Emerging Market Demand to Hit China's Trade
China's commerce ministry says Fed's stimulus and money outflows from emerging markets could hurt demand for Chinese goods.
Oct 17, 2013
Obama Signs Bill to End US Shutdown as Republicans Admit Defeat
US Senate earlier agreed on last-minute deal to raise US debt ceiling and end deadlock.
Oct 17, 2013
China Social Gaming Firm Rekoo Plans European Expansion with London Tech City Shop
Rekoo is opening unit in London's Tech City with 10 staff.
Oct 16, 2013
Yahoo to Sell Fewer Alibaba Shares in IPO as Stiff Competition Dents Growth Prospects
Yahoo plans to sell up to 208 million Alibaba shares in IPO, lower than previously agreed 261.5 million.
Oct 16, 2013
Japan Cracks Down on Yakuza Mobsters in Banking Industry With Police Database Aid
Move from Japanese Bankers Association comes as Mizuho bank was criticised for lending to organised crime members
Oct 16, 2013
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