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China to privatise PSUs... not in key industries
20 Dec 2013 5:53 AM ISTRegulators are working on plans to overhaul ownership following last month's Communist Party pledge to increase competition in state-dominated...
Abe’s $53-bn stimulus spending gamble gets Japan Cabinet nod
14 Dec 2013 5:24 AM ISTJapan's Cabinet approved billions of dollars of stimulus spending in a supplementary budget meant to perk up a faltering economic recovery and cushion...
Samsung must pay our legal bills: Apple
9 Dec 2013 3:44 AM ISTThe money sought in documents would be in addition to the $930 million in damages that juries decided Samsung owes Apple Inc after hearing evidence of...
Samsung must pay our legal bills: Apple
9 Dec 2013 3:44 AM ISTThe money sought in documents would be in addition to the $930 million in damages that juries decided Samsung owes Apple Inc after hearing evidence of...
Detroit braces for landmark bankruptcy ruling
4 Dec 2013 5:33 AM ISTJudge Steven Rhodes would declare whether Detroit is eligible to stay in court, more than four months after filing for Chapter 9 protection. It is the...
WTO talks on global free-trade agreement collapse once again
29 Nov 2013 5:19 AM ISTDiplomats from the World Trade Organisation's 159 members had been trying to forge an agreement before a trade ministers' meeting next week in Bali,...
JPMorgan, US govt ‘settle all issues’
21 Nov 2013 4:44 AM ISTThe person said the documents spelling out the agreement could be signed as early as on Tuesday.The person spoke on condition of anonymity because the...
Apple claims Samsung owes it $380 mn; South Korea firm says dues are $52 mn
16 Nov 2013 4:15 AM ISTHow much does Samsung Electronics owe Apple for copying vital features of the iPhone and iPad? Apple says $380 million. Samsung counters with $52...
Japan banks vow to halt loans to organised criminal gangs
15 Nov 2013 4:19 AM ISTJapanese banks are pledging more stringent efforts to halt loans to organised crime after an investigation at Mizuho, the country's second biggest...
US seeks $864 mn from BofA over Countrywide loans
11 Nov 2013 5:53 AM ISTFederal prosecutors want Bank of America Corp. to pay about $864 million over losses incurred by the government after it bought thousands of home...
SAC Capital to pay $1.8-bn fine in insider trading case
7 Nov 2013 5:08 AM ISTThe government said in a letter to judges presiding over Manhattan cases that the 'proposed global resolution' of the criminal and civil cases against...
US budget deficit at 5-yr low of $680 bn
2 Nov 2013 4:12 AM ISTFor the first time in five years, the US government has run a budget deficit below $1 trillion. The Obama government has announced that the deficit...