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  • China vows to liberalise interest rates and push yuan reforms

    Reuters:  Beijing, May 25, 2013 at 0006 hrs ISTChina will continue to liberalise interest rates, make the yuan currency more responsive to market forces and more convertible this year, the government said on Friday.

  • Pact opens Chinese audit papers to US

    New York Times: May 25, 2013 at 0007 hrsAccounting regulators in the US and China announced on Friday in Beijing that they had reached an understanding that could give American fraud investigators access to work papers of Chinese audit firms.

  • ‘Google faces new federal antitrust probe’

    Reuters: Washington, May 25, 2013 at 0010 hrs ISTUS regulators are in the early stages of an antitrust probe into whether Google, the top player in web display advertising, breaks antitrust law in how it handles some advertising sales, a source said on Thursday.

  • Procter & Gamble brings back AG Lafley as CEO

    Associated Press: Cincinnati, May 25, 2013 at 0013 hrs ISTProcter & Gamble is bringing back former CEO AG Lafley to its top post in a surprise move as the world's largest consumer goods maker tries to grow globally.

  • Judge says leaning toward US in Apple e-books case

    Reuters: New York, May 25, 2013 at 0015 hrs ISTIn an unusual move before a trial, a federal judge expressed a tentative view that the US justice department will be able to show evidence that Apple engaged in a conspiracy with publishers to increase e-book prices.

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    May 25, 2013 at 0016 hrsTarget Corp. and Macy’s joined with 15 other retailers in suing Visa and MasterCard over credit-card and debit-card fees after dropping out of a multibillion-dollar settlement of a similar case.
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  • Fed views and factory blues send ripples across markets

    Reuters:  London, May 24, 2013 at 0007 hrs ISTChinese factory activity declined in May for the first time in seven months and US manufacturing grew at its slowest clip since October

  • Apple takes the lead in fight over corporate tax code

    Reuters:  Washington, May 24, 2013 at 0009 hrs ISTFor years, Apple kept a low profile in Washington as it grew into one of the most valuable companies in the world.

  • Deutsche bosses seek to win over sceptical shareholders

    Reuters:  Frankfurt, May 24, 2013 at 0011 hrs ISTDeutsche Bank's bosses tried to convince sceptical shareholders at a lively annual meeting on Thursday that the bank was on the right track again after facing a host of legal problems.

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    May 24, 2013 at 0017 hrsIMF chief Christine Lagarde was questioned in court by a French magistrate on Thursday over her role in a 285-million-euro ($366 million) arbitration payment made to a supporter of former president Nicolas Sarkozy.

  • Bob Lutz, Chinese in bid to buy Fisker Automotive

    Reuters:  Detroit, May 23, 2013 at 0246 hrs ISTA boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped “green” car company Fisker Automotive, people familiar with the matter said.

  • Ireland feels the heat from Apple tax row

    Reuters:  Dublin, May 23, 2013 at 0247 hrs ISTIreland called on Wednesday for an international clampdown on MNCs shifting profits around the world to avoid tax, after criticism that Irish loopholes helped Apple to shrink its tax bill. A US Senate probe into the tax affairs of the maker of iPads

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    May 23, 2013 at 0249 hrsThe International Monetary Fund called on Britain's government on Wednesday to do more to speed up slow economic recovery, hinting that the country might be able to afford to borrow more to fund investment

  • Vodafone keeps Verizon payout to counter EU slump

    Reuters:  London, May 22, 2013 at 0234 hrs ISTVodafone will reinvest a $3.2-billion dividend from its healthy US arm to counter weakness in southern Europe that contributed to the largest ever quarterly fall in the group’s main revenue measure.