Browsing All Posts By Kurt Osterberg
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South Korea GDP weakest in 30 months
South Korea’s GDP grew 2.8 percent year-on-year for the first quarter 2012, slipping to its weakest level in two and a half years, according to figures published by the central bank on Thursday. The... -
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Shell seals £1.2bn Cove Energy deal
Europe’s largest oil company, Royal Dutch Shell, on Tuesday said it has come to an agreement to buy Mozambique-focused Cove Energy for £1.12bn, according to a company statement. Shell secured the d... -
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Dutch austerity talks collapse
Dutch finance minister Jan Kees de Jager cut short US-based IMF austerity talks to return home after the governing coalition in The Hague failed to reach an agreement on deficit limits which were impo... -
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RFXT targets innovation in online trading products
For the second year running, Royal Forex Trading SAL has been recognised for the firm’s outstanding work within online brokerage, offering some of the industry’s best products over recent times. T... -
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SEC takes action against Egan-Jones
Credit ratings agency Egan-Jones and the firm’s founder Sean Egan are expected to face charges for allegedly making material and intentional misstatements in its application to US securities regulat... -
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Japan and Nordic countries to boost IMF firewall
The Japanese government late on Tuesday said it will add an estimated $60bn of funding to the IMF to help bolster its firewall, its finance minister Jun Azumi said. Japan believes the injection will p... -
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Oracle and Google go head to head in Android lawsuit
Software giant Oracle commenced its high stakes trial over smartphone technology against internet concern Google in a California court. The case represents the first big court challenge for Android te... -
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PetroChina unit raises $1.38bn in share sale
Kunlun Energy, the China-based gas supplier which is a wholly owned subsidiary of PetroChina, on Tuesday raised $1.35bn through a top-up share placement to help fund expansion of its LNG business. The... -
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DryDocks seeks aid from tribunal on $2.2bn debt restructuring
DryDocks World, the owner of the Middle East’s biggest shipyard, has filed a claim with a special tribunal in an effort to move forward its $2.2bn debt restructuring through a government decree. The... -
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Spain to face tough budget cuts
Spain’s newly elected Prime Minister Mariano Rayoy on Friday is expected to push ahead with one of the nation’s most hard-hitting budgets in recent times. The news comes as almost a million protes...
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China suspected in massive breach of federal personnel data
