Browsing All Posts By Kurt Osterberg
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Rise in grain prices leads to fear for food
A sharp rise in grain prices is reverberating around the world as nations face food inflation. There has been a 30-50 percent gain in the benchmark price of corn, wheat and soyabeans, are echoing the ... -
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Taiwanese economy shrinks
Taiwan’s economy has contracted in the second quarter by 0.16 percent, according to official data. Analysts surveyed by Bloomberg had expected it to grow by as much as 0.5 percent. “With deteriora... -
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German banks’ lending to periphery lowest in 7 years
Lending by German banks to weaker parts of the eurozone has dropped to nearly 20 percent since the beginning of the year and is currently at its lowest level since 2005, according to central bank data... -
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Record high for Spanish unemployment
Spain’s unemployment rate has risen once again to 24.6 percent in the three months to June, despite a small decline at the beginning of the summer attributed to temporary positions linked to the hol... -
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Weak ore prices hit Vale profit
Brazilian iron ore giant Vale has reported a quarterly drop in net income of 59 percent as slow growth in China has affected iron ore prices. Further foreign exchange losses were triggered by a weak B... -
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Apple’s weak quarter dampened by iPhone 5 rumours
Apple, currently the most valuable public company in the world, has missed growth forecasts in the third quarter of the fiscal year as the public held out for the release of their new iPhone. After se... -
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WTO investigates Chinese limit on rare earth exports
The World Trade Organisation has announced it will be investigating China’s quotas and tariffs on exported tungsten and molybdenum following complaints by the US, the EU and Japan that it might be b... -
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New rules help South Korea’s housing market
Policy makers have stepped up plans to stimulate the real estate market and entice more buyers after the country registered tentative demands and want to prevent further wavering domestic growth. The ... -
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World braced for global food shortages
In the last five months, the US has lost around 100m tonnes of crops, predominately in South America and the US grain belt, an area which has been struggling with over 37.C degree (100F) temperatures.... -
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Shakeup at Singapore Stock Exchange
The change comes after the Hong Kong market watchdog, the Securities and Futures Commission (SFC), threatened to move in on investment banks if they allowed any false information about the companies t...
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