Business Day Live reviews the current economic situation in lands both near and far, revealing that RIM, the BlackBerry maker, has projected additional, significant losses. The company now struggles with tough decisions on whether to continue at its current pace, share, or just sell as its stock falls in value. Potential investment inclinations are marred by the illiquid nature of the market, the heavy competition and the fact that the hardware assets will be hard to exploit in a profitable way.
Meanwhile, India’s economy is facing a rough patch, revealed an abominable GDP of 5.3%, instead of the projected 6.1%. According to the finance minister, “GDP numbers have come down substantially because of poor performance in the manufacturing sector.” Farming also contributed less than expected.
And, in Greece, it seems most monetary aid passes over the citizens completely.
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