Business

October 13, 2011

Google profits and revenue surge in the third quarter

Internet giant Google has reported a large rise in profits in the three months to…

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

US Congress votes through South Korea trade deal

US lawmakers have approved a long-delayed free trade agreement with South Korea, calling it the…

October 13, 2011

China’s trade growth decelerates amid global slowdown

China's trade growth slowed in September, raising fresh concerns about the impact of a global slowdown on its economy. Exports rose 17.1% in September, from a year earlier, but fell from a 24.5% growth in the previous month. Meanwhile, imports rose…

October 13, 2011

Slovak rivals reach deal to back EU bailout fund

Political rivals in Slovakia have agreed to support a crucial bill ratifying changes to the EU bailout fund in exchange for early elections. The bill was defeated in a first vote on Tuesday, after a coalition party and the main opposition…

October 12, 2011

Blackberry problems spread to the TCI, US & World

Problems with the Blackberry smartphone system appear have to spread…

October 12, 2011

Barroso outlines plan to resolve eurozone debt crisis

The president of the European Commission, Jose Manuel Barroso, has set out a plan designed to bring an end to the eurozone debt crisis. In a speech, Mr Barroso said banks must set aside more assets to help guard against future losses. Banks…

October 12, 2011

Federal Reserve split over ‘Operation Twist’ stimulus

Three members of the Federal Reserve's Open Market Committee (FOMC) voted against the Fed's latest stimulus measures at its meeting last month, minutes have revealed. After the meeting, the Fed announced a $400bn (£254bn) bond programme designed…