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.
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
'Sinful': Video of British Muslims dancing to Pharrell Williams's hit Happy comes under attack
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
Refugee facing deportation from Sweden saved by fellow passengers refusing to let plane leave
- 1 Easter egg hunt horror as mother finds dead body under deck of house
- 2 'Natural' energy drink banned for containing erectile dysfunction drug
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Loch Ness Monster found on Apple Maps?
- 5 How We Met: Alison Moyet & Emma Kennedy: 'I knew we'd be friends because she was happy to make a prat of herself'