Kurt Osterberg

Browsing All Posts By Kurt Osterberg

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    Bernanke panics

    In his opening statement to a committee in Congress yesterday, Bernanke said the bleak issues must be dealt with “sooner rather than later.” “We are looking very carefully at the economy, trying...
    On July 18, 2012 / By
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    Chinese growth slows to three year low

    The National Bureau of Statistics (NBS) found China’s growth fell to 7.6 percent, down from 8.1 percent in the first quarter. The world’s second-biggest economy has been plagued with a sluggish pr...
    On July 13, 2012 / By
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    China cuts cost of crude

    Chinese authorities have reduced the fuel price by five percent and said the move was made as a result of internationally low crude oil prices and changes in global and regional economic conditions. T...
    On July 11, 2012 / By
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    Spanish recession targeted

    The first instalment is part of an emergency €100bn aid initiative agreed in June to inject some much needed funds into the wavering economy and to prevent any further downward spiralling by the ban...
    On July 10, 2012 / By
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    EU banks set for regulatory shake up

    One single bank supervisor will report directly to the European Central Bank in order to police the largest and most influential banks in the EU, in the wake of the Libor scandal that rocked UK financ...
    On July 9, 2012 / By
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    UK prepared to close its doors to Greece

    Addressing his MPs at the House of Commons liaison committee yesterday, Cameron said he’d “do whatever it takes to protect the United Kingdom from a Greek influx,” should the nation leave the eu...
    On July 4, 2012 / By
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    GlaxoSmithKline found guilty in US drug fraud case

    The fine comes after the British heavyweight admitted several criminal charges relating to US marketing laws, by promoting two of its drugs for unapproved use and for failing to report significant saf...
    On July 3, 2012 / By
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    Barclays rigging scandal shakes banks

    Shares at Barclays closed down 15.53 percent and other big players in the sector also took a hit, as analysts fear the effects of the interest rates scandal could be very serious for the UK financial ...
    On June 29, 2012 / By
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    Barclays admits rigging interest rates

    Barclays has been told to pay up after it was discovered they had been influencing the Libor and the Euribor as far back as 2005, which may have led to customers being charged too much for credit card...
    On June 28, 2012 / By
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    Triple blow to eurozone hopes

    Three new developments have put huge pressure on EU governments to come to a unanimous decision at the two-day debt summit on Thursday and Friday. Cyprus became the fifth eurozone country to ask for a...
    On June 26, 2012 / By