Month: October 2011

October 13, 2011

JP Morgan profits fall due to eurozone crisis

Profits at JP Morgan Chase have fallen 4% as the continuing debt crisis in the eurozone hit its investment banking arm. The US bank made a net profit of $4.3bn (£2.7bn) in the three months to the end of September, compared with $4.4bn a year…

October 13, 2011

US trade deficit narrows to smallest in four months

The US trade deficit with the rest of the world narrowed in August to the smallest gap in four months, official figures have shown. The trade gap narrowed to $45.61bn (£29.1bn), from a revised $45.63bn in July, the Commerce Department said.…

October 13, 2011

Blackberry says services ‘fully restored’

Blackberry's founder Mike Lazaridis has said services are "fully restored" following a three-day global blackout. Millions of customers worldwide had their messaging and email service disrupted with many turning to Twitter to express their anger.…

October 13, 2011

Barack Obama 2012 campaign raises $70m in third quarter

US President Barack Obama has raised $70m (£45m) towards his re-election bid in the…

October 13, 2011

Strauss-Kahn sex case: French inquiry dropped

A French inquiry into attempted rape claims against ex-IMF chief Dominique Strauss-Kahn has been dropped. The prosecutor's office said the evidence suggested sexual assault - a less serious offence than attempted rape, with a shorter statute of…

October 13, 2011

Raj Rajaratnam jailed for 11 years for insider trading

A former hedge-fund manager has been sentenced to 11 years in jail in New York for one of the biggest insider trading cases in American history. Raj Rajaratnam, 54, was also fined $10m (£6.4m). The Galleon Group founder made well over $50m from…

October 13, 2011

Obama censures Iran over ‘plot’

President Barack Obama has said the US can back up all its allegations of an Iranian conspiracy to assassinate the Saudi ambassador to Washington. In a White House news conference, Mr Obama accused the Iranian government of reckless behaviour. The…

October 13, 2011

Haiti gov’t links to old regime prompts scrutiny

Back from exile, former strongman Jean-Claude ‘Baby Doc’ Duvalier lives in a villa in the…

October 13, 2011

Prison riot in northern Mexico leaves 7 dead

Mexican security officials say seven inmates have died in a prison riot that may have been set off by the arrest of a top drug cartel lieutenant. Nuevo Leon state security spokesman Jorge Domene says about 60 inmates at a prison near the city of…

October 13, 2011

U.S. Delegation Arrives in Guyana for Caribbean Basin Security Initiative (CBSI) Commission Meeting

A U.S. delegation will arrive in Guyana this week to participate in the October 13-14 Second Meeting of the Caribbean Basin Security Initiative (CBSI) Commission. Headed by Deputy Assistant Secretary for the Caribbean and Central America Julissa…