Blackberry postpones the launch of new phone

Note: This section contains information in English only.
Source: BBC

Blackberry announced delay in the launch of new Blackberry 10, reported Research in Motion. The company is concerned on the fall in sales volume from 14.8 million in pre-Christmas time last year to 11 million expected in the same period this year. Blackberry also saw a decline in profit to $265m from $911m a year before. The share price of the company tumbled by 6% after announcement.

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Fri, 16 Dec 2011 09:37:21 GMT

Crude oil fall following industrial output data in the US

Crude oil futures fell for the second consecutive day after the report on the declined industrial production in the US. On the New York Mercantile Exchange, light sweet crude futures for delivery in January traded at USD93.47 a barrel at late U.S. trading hours on Thursday, losing 1.61% during the session.

Fri, 16 Dec 2011 10:01:39 GMT

UK derivative law may be abandoned

EU leaders may abandon UK derivative legislation after PM Cameron's attempt to protect country's financial sector almost ruined EU summit, said 4 officials familiar with matter. Analysts suggest that possible crumbling of UK's derivatives could be a notice from EU officials that British veto alone cannot strengthen its financial system. 

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