Moneycontrol World News

Bank of England remains divided on stimulus

Wed, 22 May 2013 17:00:34 +0530

Under the program, the bank buys government bonds from financial institutions, hoping they will lend to businesses and individuals. Governor Mervyn King and two other members pushed for an increase of 25 billion pounds, but were outvoted.

Chinese Premier arrives in Pak on two-day visit

Wed, 22 May 2013 16:36:41 +0530

Chinese Premier Li Keqiang was accorded a red carpet welcome as he arrived in Pakistan on Wednesday on a two-day maiden visit to "Iron Brother" for talks on bilateral and regional issues focusing economic cooperation.

RBS launches real estate services for HNIs

Wed, 22 May 2013 16:15:55 +0530

Royal Bank of Scotland launched real estate services for high networth individuals who are attracted to pre-leased commercial and real properties

China's Li offers to help end Pakistan's energy crisis

Wed, 22 May 2013 16:03:42 +0530

Li arrived in the Pakistan capital on Wednesday on the second leg of his first official trip since taking office in March after a visit to Pakistan's and China's arch rival, India.

BlackBerry shifting emphasis from smartphones to services

Wed, 22 May 2013 14:08:37 +0530

The change in focus was hard to miss at the company's well-attended annual conference in Florida last week, even as news of a new smartphone model and its plans to offer the popular BlackBerry Messaging (BBM) instant message service on other platforms grabbed the headlines.

PayPal to increase marketing this year for offline push

Wed, 22 May 2013 14:06:58 +0530

PayPal is trying to become a common way of paying in physical stores, a much larger market than its online roots. The company expects to be in 2 million merchant locations by the end of 2013 and it is working on ways to persuade consumers to use PayPal rather than their usual credit and debit cards.

Is Sony un-Japanese enough to entertain change?

Wed, 22 May 2013 13:04:12 +0530

Sony's foreign ownership peaked at 53 percent six years ago, but has been whittled down as the group's losses ballooned and investors exited deflation-snarled Japan.

Fed officials dampen talk of imminent bond buying cutback

Wed, 22 May 2013 13:01:40 +0530

Since cutting policy interest rates to almost zero in late 2008, the Fed has more than tripled the size of its balance sheet via a campaign of massive bond purchases to hold down long-term borrowing costs and spur corporate hiring.

Bernanke testimony to be studied for policy clues

Wed, 22 May 2013 12:53:53 +0530

The central bank might continue its aggressive economic support and perhaps expand it.

Sony cuts sales target for cameras, smartphones for 2014-15

Wed, 22 May 2013 12:32:27 +0530

Sony Corp expects smartphone sales to rise by more than a quarter to 42 million in the current year to end-March.

Oracle to raise up to $181 million from share sale

Wed, 22 May 2013 11:43:46 +0530

The founders plan to cut their stake in the company by 5.3 percent by selling as much as 4.4 million shares to meet the regulatory condition of having at least 25 percent public shareholding for companies listed in India.

EU leaders look to end Apple-style tax avoidance schemes

Wed, 22 May 2013 10:21:39 +0530

France and Britain in particular have grown concerned by the sheer scale of the legal tax schemes, with a US investigation revealing on Monday that Apple Inc had paid just two percent tax on USD 74 billion in overseas income, largely by exploiting a loophole in Ireland's tax code.

UK opposition party leader slams Google tax behaviour

Wed, 22 May 2013 10:18:14 +0530

Google's methods of minimising its British tax bill have made front page headlines in Britain and angered voters at a time when their own incomes are being squeezed, putting pressure on politicians to be seen to be taking action.

Senate panel passes US immigration bill; Obama hails move

Wed, 22 May 2013 10:16:19 +0530

The vote followed the committee's decision to embrace a Republican move to ease restrictions on high-tech US companies that want to hire more skilled workers from countries like India and China.

Sony to assess spin-off proposal for entertainment business

Wed, 22 May 2013 09:39:27 +0530

Sony's US listed shares rose nine percent on Tuesday on the New York Stock Exchange.