Investments

Investments
Thursday, October 13th 2011 - 07:44 UTC

Blackberry problems spread to the US and main users in South America

“It is a backlog issue” according to RIM software vice president David Yach<br />

Problems with the Blackberry smart-phone system appear to have spread to the United States and several South American countries. Users began to report loss of services on Wednesday, with many turning to Twitter to complain about their lack of email.

Thursday, October 13th 2011 - 06:00 UTC

US Congress approves free trade agreements with Colombia, Panama and S Korea

House Speaker Republican John Boehner applauded the successful votes<br />

The United States Congress voted Wednesday on a bipartisan basis to pass long delayed free-trade bills with Colombia, Panama and South Korea.

Thursday, October 13th 2011 - 05:56 UTC

Argentina calls on Mercosur to promote inter-trade and cut out of region imports

Minister Giorgi, “we have 460bn dollars in imports to replace”<br />
<br />

Argentina called on Latin America to promote inter-trade among the region’s countries replacing the almost 460 billion dollars of manufactured goods from the rest of the world imported in 2010.

Thursday, October 13th 2011 - 05:53 UTC

Harrisburg, Pennsylvania becomes first US state capital to file for bankruptcy

“The only real option that we had”, said City Controller Dan Miller <br />

The US city of Harrisburg - capital of the state of Pennsylvania - has filed for bankruptcy, making it the first state capital to do so. Harrisburg faces debts of 300 million dollars and has struggled to pay for services.

Thursday, October 13th 2011 - 05:40 UTC

Chile ranks last for income and education in OECD report

The ongoing conflict over education reforms confirms the findings <br />

Chile was ranked last for income, education and the quality of environment, according to the Organization for Economic Cooperation and Development or OECD report on well-being released Oct. 12.

Thursday, October 13th 2011 - 05:39 UTC

Rio’s iconic “Christ the Redeemer” statue celebrates 80th anniversary

Numbered among the “Seven Wonders of the Modern World”<br />

On the same day that Brazilian Catholics honour their patroness, Our Lady of Aparecida, the country is celebrating Oct. 12, 2011 as the 80th anniversary of Rio’s famous “Christ the Redeemer” statue.

Thursday, October 13th 2011 - 05:37 UTC

US congress moves to block development loans to Argentina

The Obama administration has already voted against loans to Argentina<br />
<br />

United States lawmakers are trying to block development loans to Argentina and seek out allies to pressure President Cristina Fernandez to settle with holders of defaulted debt in exchange for funding development banks.

Wednesday, October 12th 2011 - 21:30 UTC

UK unemployment at its highest since 1994 reaches 2.57 million

Young people hit the hardest

Unemployment in Britain has jumped to its highest level since 1994, with young people hit hardest as private companies fail to make up for job losses in the public sector, piling pressure on the government to boost a stagnant economy.

Wednesday, October 12th 2011 - 21:28 UTC

Slovakia parties agree to vote for Euro rescue plan, and advance elections

PM Iveta Radicova lost a confidence vote

Parties in Slovakia's fallen government struck a deal with the leftist opposition Wednesday to ratify a plan to bolster the Euro zone's rescue fund by Friday, effectively ending a crisis that had threatened the currency's main safety net.

Wednesday, October 12th 2011 - 21:27 UTC

US labour market remains ‘serious challenge’ admits Fed ‘hawk’

Charles Plosser, president of the Philadelphia Federal Reserve Bank

The September jobs report was “a bit of positive news”, but the pace of jobs growth is still too slow to make a significant dent in the unemployment rate, a Federal Reserve policymaker said Wednesday.

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