Nikhil Kumar is The Independent's New York correspondent. He was formerly assistant editor on the foreign desk and has also done a variety of jobs on the city desk, where he wrote about markets, commodities and other business and economics topics.
31 October 2013 12:00 AM
No change, yet: that was the message from the US Federal Reserve on its stimulus policies yesterday as the central bank reiterated its warning that political wrangling over fiscal issues in Washington was "restraining economic growth".
Facebook smashes expectations with latest quarterly figures... but news of fall in teenage users sends stock tumbling
30 October 2013 09:17 PM
Facebook's stock endured a roller coaster ride, initially surging in after hours trading after the social media giant smashed expectations with its latest quarterly figures but then swiftly shedding its gains when it emerged that the company might be losing the interest of some teenage users, an important demographic.
30 October 2013 07:34 PM
As ATMs go, it’s an unusual one. A kiosk has been set up in a Vancouver coffee shop that lets customers make transactions without needing a bank account or a plastic card. The blue-black box resembles a standard bank cash machine, but is in fact the first real-world portal to the virtual world of bitcoins.
30 October 2013 01:14 AM
Last year, when the key industrial swing state of Ohio landed in President Obama’s column, helping him to re-election, the result was attributed in part to the auto-bailouts that saved the big American car-makers from doom during the Great Recession. But for taxpayers at large, the government’s rescue of General Motors, while safeguarding jobs and helping the company recover, has resulted in a loss of almost $10bn, according to an official report.
30 October 2013 12:00 AM
As growth falters and gizmos dry up, there are concerns the tech firm's boss is failing to do enough to hold off its rivals
28 October 2013 11:51 PM
Quarterly figures will do little to lessen pressure on chief executive Tim Cook
25 October 2013 06:18 PM
The virtual currency is being touted as a good long-term investment, as its value doubles
24 October 2013 12:00 AM
JP Morgan is attempting to strike a deal with institutional investors over claims it mis-sold mortgage-backed securities in a move that could see the Wall Street banking giant pay out $6bn (£4bn).
23 October 2013 06:12 PM
The company will offer 'a wide range of unique hot brewed and iced teas, tea lattes and distinctive sparkling and tea fusion beverages'
23 October 2013 12:51 AM
American employers added 148,000 jobs over September, underscoring the still fragile state of the labour market as the Federal Reserve considers changes to its bond-buying programme.
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
Pope Francis: 'Caring for the poor does not make you a communist'
- 1 'Nasa Confirms Six Days of Darkness in December': No, they don't - it's a hoax
- 2 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 3 Woman blinded as a child can see again after hitting her head on a coffee table
- 4 Paul Hollywood: Police asked if I wanted them to arrest Mary Berry for vandalism after she 'defaced' my car
- 5 If you think Russell Brand’s new book is confused, you should read what his critics have to say about it