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AirAsia and Tata win bid for Indian budget carrier 7 Mar 2013 | 11:17 am
A bid by Malaysian low-cost carrier, AirAsia, to set up an airline in India has won approval from the Indian government. It would be the first foreign company to try to capture the rising demand in In...
Samsung to buy 3% stake in Japanese Sharp 7 Mar 2013 | 11:14 am
Samsung Electronics has agreed a deal to buy a 3% stake in struggling Japanese electronics maker Sharp for 10.4bn yen ($110m; £75m). Sharp has been trying to restructure its operations amid mounting l...
GM profits rise despite European loss 19 Feb 2013 | 09:15 am
US carmaker General Motors (GM) has said its fourth quarter earnings rose despite $700m of losses at its European operations. It said that net income rose to $900m in the quarter, up from $500m in the...
David Cameron backs Westland helicopters 19 Feb 2013 | 09:11 am
Prime Minister David Cameron has backed the UK helicopter firm AgustaWestland despite it being implicated in a bribery probe in India. He said the issue of whether bribes were paid to win a contract w...
Swiss bank Wegelin to close after US tax evasion fine 8 Jan 2013 | 09:46 am
Switzerland’s oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin, which was established in 1741, has also agreed to pay $57.8...
US May Hit Debt Ceiling by Mid February 8 Jan 2013 | 09:42 am
U.S. government could exhaust its ability to meet all its financial obligations as early as Feb. 15, according to a new analysis by the Bipartisan Policy Center. The Center estimates a window from Feb...
Obama’s $1.6 Trillion in Tax Increases 2 Dec 2012 | 11:30 am
White House is seeking $1.6 trillion in tax increases up front, as well as $50 billion in additional stimulus spending, as part of any “fiscal cliff” deal, Republican aides said Thursday, as talks aim...
Yahoo ‘ordered to pay $2.7bn’ by Mexican court 2 Dec 2012 | 11:23 am
Yahoo says it has been ordered to pay $2.7bn (£1.68bn) by a Mexican court. The reported ruling follows a lawsuit stemming from allegations of breach of contract and lost profits related to a yellow pa...
Moody’s cuts AAA rating of ESM rescue fund 2 Dec 2012 | 11:19 am
Moody’s has cut the triple-A rating of the European Stability Mechanism (ESM) euro rescue fund by one notch and given it a negative outlook. It follows a downgrade earlier this month of key ESM-backer...
Apple paid only 2% corporation tax outside US 5 Nov 2012 | 11:57 am
Apple paid less than 2% corporation tax on its profits outside the US, its filing with US regulators has shown. The company paid $713m (£445m) in the year to 29 September on foreign pre-tax profits of...
