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Buenos Aires

Argentina defaults but investors see eventual deal possible

Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

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The World Trade Organization logo

U.S. says hopeful of WTO deal with India only hours before deadline

The United States said on Thursday it was hopeful that differences between India and much of the rest of the world over a major trade agreement could be resolved in time, with only hours remaining before the deal has to be signed.

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Cristina Fernandez

Time almost up for Argentina to avoid debt default

Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing to either cut a deal by the end of the day with "holdout" investors suing it or win more time from a U.S. court to reach a settlement.

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Federico Thea

Argentine default looms as time runs out for debt deal

Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with "holdout" investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can't be discounted.

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New York Stock Exchange

IRA contributions: the perils of procrastination

Individual Retirement Account contributions are getting larger - an encouraging sign of a recovering economy and improved habits among retirement savers.

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WeChat app icon

China says to crack down on pornography in mobile apps

China will crack down on smartphone apps featuring pornography and obscene content, the government said on Tuesday, the latest move in an official campaign to 'clean the Internet'.

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SpaceX

SpaceX wants to bid for US military rocket launches

After announcing via press conference that its Falcon 9 rocket has successfully made a soft landing in the ocean, Elon Musk expressed his desire for Space X and other private companies to join the bidding for military rocket launch contracts.

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Sina.com

Chinese government punishes Sina.com for publishing pornographic content

The Chinese government arrested some people and fined Internet giant Sina.com for publishing and distributing pornographic content on its website as part of China's "Cleaning the Web" campaign which is held every year.

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Recep Tayyip Erdogan

Turkey Prime Minister Erdogan accuses Twitter of tax evasion after lifting ban

Just days after he was forced to lift the ban he enforced on Twitter, Turkey Prime Minister accused the social media network of tax evasion, and implied that YouTube and Facebook might be violating the country's laws as well.

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Fishidy

Madison fishing site Fishidy wins local startup contest to move on to Silicon Valley conference

Madison, US-based fishing social network Fishidy won in Madishon's Pressure Chamber contest for local startups, which was hosted by the Madison Chamber of Commerce, and got a chance to attend a conference in Silicon Valley in June.

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North Staffordshire Chamber of Commerce

Staffordshire pockets £4M grant to expand SMBs

The British government awarded £4 million in funding to Staffordshire to help small and medium sized businesses (SMBs) expand and to add more jobs in the region.

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Kaitek Labs

Chilean government grants $350K to Kaitek Labs to develop red tide detector

The government of Chile gave $350,000 in funding to tech startup Kaitek Labs to develop prototype of a device that detects red tide in a bid to reduce the costs of testing for toxins.

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Hewlett-Packard

HP settles with DOJ for $108M over bribery and money laundering charges

Menlo Park, US-based printer giant Hewlett-Packard (HP) settled with the US Department of Justice (DOJ) and the Security and Exchange Commission for $108 million over the bribery and money laundering charges filed against it.

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Barack Obama

Obama assembles new ambassadors for entrepreneurship at the White House

US President Barack Obama announced the new members of the Presidential Ambassadors for Global Entrepreneurship (PAGE) who will help start and grow new businesses in the US and around the world.

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YouTube

YouTube files legal complaint against Turkey against social media ban

US-based video-sharing giant YouTube representative Gonenc Gurkaynak filed a legal complaint to the Turkish Consitutional Court against the ban that prime minister Recep Tayyip Erdogan issued against the service.

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