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Argentina defaults according to S&P as debt meetings continue past deadline

Standard & Poor’s declared Argentina in default after the government missed a deadline for an interest payment on US$13 billion of restructured bonds.

The South American country couldn’t pay US$539 million owed to bondholders after a U.S. 495 more words

Economy

Bank of America ordered to pay US$1.27B in Countrywide 'hustle' fraud

NEW YORK — A federal judge on Wednesday ordered Bank of America Corp to pay US$1.27 billion of damages after a federal jury found the second-largest U.S. 399 more words

FP Street

Here are 11 things you didn't know you could do with your iPad

Let’s face it, most people use their iPads to browse the internet, check email, and play the occasional game.

Why not tap into your iPad’s full potential? 602 more words

FP Tech Desk

U.S. Federal Reserve's FOMC statement on July 30 2014

For immediate release

Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter. Labor market conditions improved, with the unemployment rate declining further. 809 more words

Economy

Fed cuts another US$10B from stimulus and reaffirms low rates here for 'considerable time'

The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, taking note of a decline in the jobless rate and signaling more comfort that inflation was moving up toward its target. 619 more words

Investing

China and Russia may team up to develop floating nuclear power plants

Russia and the world’s top energy user China may jointly develop six floating nuclear power plants (NPPs), Russia’s nuclear export body said on Tuesday, a further joint energy project since the signing of a US$400 billion gas supply deal. 144 more words

Energy

Naked intruder helps himself to cold soda, nap in couple's bed

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ALBUQUERQUE, N.M. (PIX11/AP) — A New Mexico man faces charges after authorities say a couple found him naked and sleeping in their bed. 209 more words

News