MillenniumPost

China to privatise PSUs... not in key industries

20 Dec 2013 5:53 AM IST
Regulators 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 IST
Japan'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 IST
The 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 IST
The 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 IST
Judge 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 IST
Diplomats 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 IST
The 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 IST
How 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 IST
Japanese 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 IST
Federal 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 IST
The 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 IST
For 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...
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