04242014Headline:
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UK Economy Leads G7

The International Monetary Fund (IMF) has raised its forecast for Britain’s economic growth more than any other major economy for the third time in a row, in a boost to the Chancellor’s fortunes. The Fund said it expected Britain’s economy...
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Ranbaxy Ban

The US has banned India’s largest drugmaker Ranbaxy from producing and distributing drugs for the US market from its Toansa facility in Punjab. The US drug regulator said there had been “significant” manufacturing violations...
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Argentina Restricts Online Shopping

In an effort to stop its dwindling foreign currency reserves from running dry, Argentina on Tuesday announced its restricting online shopping in the country. Specifically, shoppers making purchases from international sites, like Amazon or eBay,...
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Apple China Mobile Deal

Apple Inc said it has signed a long-awaited agreement with China Mobile Ltd to sell iPhones through the world’s biggest network of mobile phone users. In a deal that could add billions of dollars to its revenue, Apple said its smartphones...
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Economy Shrinks 0.5% for Brazilian third quarter

Brazil’s economy fell into contraction in the third quarter, with output shrinking by more than analysts had forecast, according to official state figures. The Instituto Brasileiro de Geografia e Estatistica (IBGE) said that Brazil’s...
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End of the Mark

The East German mark, commonly called the eastern mark was the currency of the German Democratic Republic (East Germany). Its ISO 4217 currency code was DDM. The currency was known officially as the Deutsche Mark from 1948 to 1964, Mark der...
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JP Morgan Agrees $4.5B Settlement

US investment bank JP Morgan has agreed to pay $4.5bn (£2.8bn) to investors who lost money on mortgage-related securities during the financial crisis. The settlement is with 21 major institutional investors. Mortgage-related investments were...
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Microsoft Warning

Microsoft has warned that hackers could exploit a “vulnerability” in its operating system to gain user rights to the affected computers. It said attackers could exploit this by requesting users to preview or open a specially crafted...
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Summers Quits Race

Former US Treasury Secretary Larry Summers has withdrawn his candidacy to succeed Ben Bernanke as head of the US central bank, the Federal Reserve. In a letter to President Barack Obama, Mr Summers said any confirmation process for him was likely...
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Merrill Intern Death

Bank of America Merrill Lynch has launched a review of working conditions for junior staff after the death of an intern employed at its London offices. Moritz Erhardt, 21, was found dead at his home last week after allegedly working at the Merrill...