International News - Page 29

Emerging markets output growth slows to five-month low in Feb: HSBC

HSBC's composite emerging markets index of manufacturing and services purchasing managers' surveys slipped for the third month running to 51.1 in February. It stayed under the 2013 average of 51.7 and well below a long-run level of 54.0.<br />

Who was the big winner in Ellen DeGeneres' epic Oscar selfie? Samsung!

Ellen DeGeneres' celeb-studded selfie from the most-watched Oscars telecast in a decade was a landmark social media moment. But guess who gained the most? Samsung!

Japan to set to regulate bitcoin trading after Mt. Gox collapse

The government wants bitcoin transactions to be taxable, the Nikkei and Yomiuri newspapers said, but it remains unclear how the authorities could do this, given that one of the attractions of using bitcoins is that transactions are anonymous.<br />

Asian shares, dollar ride higher on easing of Ukraine tensions

Asian stocks rose and the dollar held firm in early trade on Wednesday, after remarks from Russian President Vladimir Putin allayed fears of an imminent military conflict in Ukraine.

World shares, Russian assets recover after Ukraine deescalation

Russian stocks and the rouble gained while gold and the safe-haven Japanese yen fell sharply after President Vladimir Putin ordered back troops that took part in military exercises in central and western Russia.<br />

How will Berkshire perform without Buffett? Investors worry about succession plans

Berkshire plans eventually to split Buffett's three roles as CEO, chief investment officer and chairman. The only one of those positions where succession has been clearly flagged is the last: Berkshire plans to make his son Howard non-executive chairman.<br />

Obama's 2015 budget seeks $60 bn tax credit expansion: White House

The proposal to expand one of the most popular U.S. government poverty reduction programs, the Earned Income Tax Credit, would cost $60 billion, a modest amount in a budget in which the president has $1.014 trillion in spending to parcel out.

BP oil spill: US court rejects bid to block businesses from recovering money

Monday's decision is a setback for BP's effort to limit payments over the 20 April, 2010, explosion of the Deepwater Horizon drilling rig and rupture of BP's Macondo oil well.

Call while you drive: Apple to roll out CarPlay with Ferrari, Mercedes Benz & JLR

CarPlay gives iPhone users an incredibly intuitive way to make calls, use maps, listen to music and access messages with just a word or a touch, Apple said in a statement.

Google, Samsung ask China to limit Microsoft-Nokia deal: Reports

The companies joined Chinese mobile phone makers Huawei Technologies Co Ltd and ZTE Corp in voicing concerns about Microsoft gaining more power in the smartphone market, the report said, citing two government officials familiar with the matter.

Indian, US, Japan firms race for water and power projects in the UAE

Over 116 companies from 15 countries, including India, are in the race for acquiring two high- profile utilities projects in Ras Al Khaimah emirate in the UAE.

Microsoft executives Tony Bates, Tami Reller to leave co as Nadella takes over as CEO

Two Microsoft Corp executives, Tony Bates and Tami Reller, are preparing to leave the company as Satya Nadella takes over as chief executive, according to a media report.

Tablets are no longer 'pricey niche just for geeks', now being sold at grocery stores

The shifting nature of the market underscores how millions of people are choosing simpler devices to surf the web, send emails and shop, putting pressure on traditional PC companies.

Peugeot's first air-powered hybrid car to cut down petrol bills by 80%

Hold your breath! French car maker Peugeot is all set to sell the first air-powered hybrid car from next year.

Bitcoin derivatives market suspends trading over Mt Gox shutdown

The bitcoin derivatives market BTC.sx has suspended trading after its key bitcoin exchange partner, Tokyo-based Mt. Gox, went dark.

Bitcoin exchange Mt. Gox goes dark in blow to virtual currency: All you need to know

Mt. Gox, once the world's biggest bitcoin exchange, abruptly stopped trading on Tuesday, shaking investor confidence in the digital currency that is struggling for legitimacy.

JP Morgan to cut 5,000 jobs, profitability target in 2014

JPMorgan Chase & Co , the largest U.S. bank, said on Tuesday that it is reducing both its target for profitability and its headcount in 2014.

War of words: eBay responds to Carl Icahn, says sticking with PayPal

Icahn yesterday said in a blistering letter to shareholders that eBay's "complete disregard for accountability at eBay is the most blatant we have ever seen" and called out two directors and the CEO specifically for "lapses in corporate governance."

Petronas to sell 25% stake in Canadian Progress to Indian company

Petronas has agreed to sell a 25 percent stake in Canadian Progress Energy Resources Corp. to an Indian company, the Malaysian state oil firm's president and chief executive Shamsul Azhar Abbas said on Tuesday.

Windows designer Larson-Green moves to new Microsoft job ahead of Elop's return

Julie Larson-Green, one of Microsoft Corp's most senior women executives and a leading force behind the latest design of Windows, is moving to a new job in charge of harmonizing the look and usability of Microsoft's wide range of software.

Zuckerberg, Facebook riding high on WhatsApp deal; but for how long?

Now, Zuckerberg's purchase of WhatsApp - while raising eyebrows with the hefty price paid for a company that boasts 450 million users but has little revenue - places Facebook at the heart of smartphone communications.

No jobs, more inequality: WhatsApp-Facebook deal is bad news for US economy

Robert Reich, Chancellor's Professor of Public Policy at the University of California at Berkeley, notes in his blog, WhatsApp represents all that is wrong with the US economy. Here's why.

Deal decoder: WhatsApp buy is a 'go big or go home' moment for Facebook

This is not an investment in the current value of WhatsApp. This is an investment in the potential of WhatsApp.<br />

No Ads! No Games! No Gimmicks: Why WhatsApp isn't your average Silicon Valley startup

Koum, who is now a billionaire, at least on paper, lived on food stamps when his family first moved to the U.S. He told Wired of growing up in a communist country, where "everything you did was eavesdropped on, recorded, snitched on." That's another, more personal reason for his insistence on not collecting information about users. WhatsApp doesn't store your chats history on its servers because it doesn't need to, since it doesn't need it to target advertisements to you.<br />

Why Wall Street sees sense in Facebook's 'eye-popping' $19 bn deal with WhatsApp

Facebook Inc's purchase of fast-growing messaging startup WhatsApp for an eye-popping $19 billion largely won approval from analysts, who said the deal made strategic sense as it will solidify the social network's position as a leader in mobile.