Browsing All Posts By Kurt Osterberg
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Japan retail sales beat expectations – up 3.5 percent
Retail sales in Japan rose 3.5 percent year on year in February, said the Ministry of Economy, Trade and Industry on Thursday. Japan’s retail figures saw the largest advance since August 2010 and be... -
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UK in talks to sell a third of RBS to Abu Dhabi
High profile Abu Dhabi investors have been in talks concerning a £10bn investment into Royal Bank of Scotland it was alleged on Wednesday. Shares in the UK bank rose sharply by 4.6 percent in early t... -
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Coutts pays £8.75m over money laundering compliance
Coutts, the 320-year old private bank famous for handling the finances of the Queen, has been fined £8.75m late on Monday by the FSA for money laundering violations in its dealings with high risk cus... -
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CaixaBank edging closer to €1.1bn Civica merger
Spanish lender CaixaBank, the Barcelona-listed arm of La Caixa, and smaller competitor Banca Civica SA have both suspended trading on Monday, said stock market regulator CNMV. The move is in anticipat... -
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Chevron and Transocean charged in Brazil oil spill
Federal prosecutors in Rio de Janeiro late on Wednesday filed criminal charges against 17 Chevron and drill rig operator Transocean’s executives and the companies for an oil leak in the Atlantic off... -
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China raises fuel prices again
China has raised fuel prices for the second time this year as it tries to get to grips with the rising cost of crude oil. Gasoline and diesel are to be subject to 6.4 point and 7 point cost increases ... -
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Game “valueless”, say directors
The end of Game appears to be in sight as the beleaguered video game retailer’s shares were suspended from trading on the LSE, with company directors admitting the company “had no equity value lef... -
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Jaguar land Rover teams up with Chinese manufacturer
Tata Motors’ Jaguar Land Rover on Wednesday announced that it has reached an agreement on a proposed joint venture in China with Chery Automobile Company. The union, which will manufacture and sell ... -
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Osborne’s budget to help businesses “navigate” tax system
Chancellor George Osborne delivering his third budget speech on Wednesday said that his budget was “fiscally neutral” with “a modest reduction in both taxation and spending.” Osborne believes ... -
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Inter-American Development Bank joins forces with China in $1bn fund
The Inter-American Development Bank (IADB) has launched a $1bn fund with the Chinese government with the intention to invest in the Caribbean and Latin America, said the bank’s President Luis Albert...
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China suspected in massive breach of federal personnel data
