Browsing All Posts By Kurt Osterberg
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Bank of America ramps up lending
Bank of America CEO Brian Moynihan has announced that the company should overtake JPMorgan Chase in direct-to-consumer mortgage lending over the next six months, according to the Financial Times. Moyn... -
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India benefits from a billion brains
Clip on a harness, lift your legs and hurtle down a wire towards the sharp corners of a 15th-century Rajasthani fort. As you whizz, you might have a few niggling doubts. Was the zip-wire serviced by s... -
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Global trade enters new era
Historic news this August, as Russia officially became a member of the World Trade Organisation (WTO) after 20 years of negotiations and debates over preferential treatment for domestic manufacturers.... -
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Plans for quotas for women on boards dropped by Brussels
The original plan obliged all publicly traded companies to fill a quota of 40 percent of women by 2020 or risk incurring fines and sanctions, has now been scrapped. EU lawyers have ruled that mandator... -
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Japanese exports tumble amid territorial dispute
Not since the earthquake and tsunami in 2011 have Japanese exports declined so sharply as this past September, figures from the Ministry of Finance confirm. Overseas shipments from Japan have fallen 1... -
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Australia unveils budget cuts to spur Central Bank
Australia’s government has announced AUS$16.4bn in new cuts in order to do good on its promise of budget surplus. The price of commodities in the global market is sliding fast, depriving Australia o... -
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Results confusion causes Google stocks to plummet
An accidental email containing Google’s incomplete financial report was sent to the US stock market ahead of scheduled revealing that the internet giant missed growth forecasts. It caused a wave of ... -
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New home construction surge in US
Data released by the US Department of Commerce has revealed that new home construction has surged in September, growing at its fastest in four years. Housing starts were up 15 percent from August, wit... -
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Moody’s reinforces Spain’s low investment grade rating
Moody’s has confirmed it is keeping Spain’s credit rating at Baa3 with a negative outlook, the lowest level of investment grade, based partly on the prospect of the European Central Bank will make... -
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Singapore clamps down on foreign tax dodgers
A deal between Germany and Singapore will help Berlin track down potential tax evaders, using Singaporean banks to hide away assets. It was announced by Germany’s finance minister Wolgang Schäuble,...
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China suspected in massive breach of federal personnel data
