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Jun 14, 2011

TD Ameritrade CEO calls small investors jittery

MIAMI (Reuters) – A decline in trading activity by individual investors reflects skittishness over the United States and global economies and a seasonal summer slowdown, the head of TD Ameritrade (AMTD.O: Quote, Profile, Research, Stock Buzz) said in an interview on Tuesday.

Fred Tomczyk, chief executive of the discount broker, said it was too early to tell if figures showing a drop-off in trading last month by retail investors marked a permanent shift in investor sentiment.

Jun 13, 2011

S&P upgrades Dominican Republic, cites debt handling

MIAMI, June 13 (Reuters) – Standard & Poor’s raised the
Dominican Republic’s credit rating on Monday, citing
improvements in the country’s debt structure and prospects the
economy will continue to grow at a healthy pace.

The upgrade comes as the government of President Leonel
Fernandez is moving to tap international capital markets for
$500 million this year.

Jun 3, 2011

Chiquita fails to stop Colombian lawsuits in U.S.

MIAMI, June 3 (Reuters) – A U.S. federal judge rejected on
Friday a request by the Chiquita Brands International Inc
(CQB.N: Quote, Profile, Research, Stock Buzz) to throw out lawsuits by thousands of Colombians over
its payments to a right-wing paramilitary group during
Colombia’s civil war.

Some 4,000 Colombians are seeking damages claiming they and
their relatives were victims of violence by the paramilitary
group AUC, or United Self-Defense Forces of Colombia, which
Chiquita admitted to paying to ensure its workers’ safety.

Jun 3, 2011

Chiquita fails to stop Colombian lawsuits

MIAMI, June 3 (Reuters) – A U.S. federal judge rejected on
Friday a request by the Chiquita Brands International Inc
(CQB.N: Quote, Profile, Research, Stock Buzz) to throw out lawsuits by thousands of Colombians over
its payments to a right-wing paramilitary group during
Colombia’s civil war.

Some 4,000 Colombians are seeking damages claiming they and
their relatives were victims of violence by the paramilitary
group AUC, or United Self-Defense Forces of Colombia, which
Chiquita admitted to paying to ensure its workers’ safety.

May 14, 2011

Florida Imams arrested for aiding Pakistani Taliban

MIAMI (Reuters) – Three Pakistan-born U.S. nationals, including the Imams of two Florida mosques, were arrested on Saturday on charges of financing and supporting the Pakistani Taliban, U.S. officials said.

The three were among six charged in an indictment that accused them of “supporting acts of murder, kidnapping and maiming in Pakistan and elsewhere” carried out by the Pakistani Taliban, which Washington calls a terrorist organization.

May 10, 2011

Cuba to outline oil plans at drilling conference

MIAMI, May 10 (Reuters) – Cuba hopes to counter U.S.
worries over its plans to start its first full-scale offshore
oil exploration in a rare presentation this week to an energy
audience outside the communist-led island.

Officials involved in Cuba’s oil project are expected to
discuss drilling plans and safety standards during a two-day
meeting of international drilling contractors opening on
Thursday in the Caribbean country of Trinidad and Tobago.

Apr 28, 2011

U.S. may see record number of tornadoes this year

MIAMI, April 28 (Reuters) – A rare and potent combination
of cool air clashing with warm, humid weather and extreme winds
at varying altitudes ignited the deadly tornadoes that ravaged
the U.S. South this week, meteorologists said on Thursday.

“Everything you need for a tornado outbreak was in place,”
said David Imy, a meteorologist from the Oklahoma-based U.S.
government Storm Prediction Center.

Apr 26, 2011

U.S. may see several hurricane landfalls in 2011: WSI

MIAMI (Reuters) – The 2011 Atlantic hurricane season will be active with the energy-rich U.S. Gulf Coast facing a significant threat of a hurricane landfall, a leading private weather forecaster predicted on Tuesday.

The forecast by Weather Services International follows one of the busiest seasons on record last year that saw intense levels of storm and hurricane activity but no direct hit on the U.S. coastline.

Apr 25, 2011

Ex-prosecutor says tax-evading Americans turn to Asia

FORT LAUDERDALE, Florida (Reuters) – Some Americans, worried about greater U.S. scrutiny of Swiss banks, are using bank accounts in Asia to hide their money from tax authorities, a former prosecutor involved in the U.S. government’s crackdown on Swiss bank UBS said on Monday.

Earlier this month in a U.S. court filing, the Department of Justice said HSBC in India helped potentially thousands of Americans dodge taxes, signaling the government may now be taking a closer look at Asia’s role in American tax evasion.

Apr 8, 2011

Investors should get in on Africa growth – World Bank

MIAMI (Reuters) – Many investors are overlooking growth opportunities in Africa where some fast-growing economies offer potentially lucrative investments in infrastructure, telecommunications and agriculture, a top World Bank official said on Thursday.

While investment funds have flowed into emerging markets and some frontier markets in recent years, many African countries enjoying growth are struggling to attract the attention of a broad range of investors, said Ngozi Okonjo-Iweala, a managing director at the World Bank.