Kurt Osterberg

Browsing All Posts By Kurt Osterberg

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    Bollard quits NZ Reserve Bank

    After a decade at the helm the governor of New Zealand’s Reserve bank, Alan Bollard, on Monday announced he is to step down in September after deciding not to seek a third term in office. The move c...
    On January 31, 2012 / By
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    ABB to buy Thomas & Betts for $3.9bn

    Swiss engineering giant ABB on Monday said it is buying US electrical equipment manufacturer Thomas & Betts in a $3.9bn cash transaction. The world’s largest producer of power and automation te...
    On January 30, 2012 / By
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    Cameron tells Davos bold and decisive action is needed

    UK Prime Minister David Cameron late on Thursday launched an attack on his European counterparts at the World Economic Forum about their planned transaction tax “madness.” Cameron said the introdu...
    On January 27, 2012 / By
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    Roche makes hostile takeover bid for life sciences group Illumina

    Swiss drug giant Roche Holding on Wednesday made a hostile $5.7bn bid for DNA diagnostics company Illumina. Roche had previously attempted “multiple efforts” to start negotiations but Illumina ref...
    On January 25, 2012 / By
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    Japan cuts economic forecast

    The Bank of Japan on Tuesday slashed its growth forecast for the current fiscal year, citing as reasons the appreciation of the yen, the upshot of a slowdown in overseas economies and declining post e...
    On January 24, 2012 / By
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    Ikea delays entry into India

    Swedish home products retailer, Ikea, said on Monday it has decided to delay its planned entry into India’s market because of concerns about local sourcing requirements, according to an FT report. C...
    On January 23, 2012 / By
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    Vodafone wins landmark tax battle

    India’s Supreme Court on Friday ruled that telecoms group Vodafone will not be liable to pay more than RS13,500 crore ($2.7bn) in tax related to an acquisition five years ago. Vodafone, which is the...
    On January 20, 2012 / By
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    Israeli hackers bring down Arab monetary websites

    Israeli hackers on Tuesday claimed to have taken down the Saudi Arabian and UAE stock exchange websites. The group of hackers, who call themselves IDF Team- an acronym for Israeli Defence Forces, was ...
    On January 18, 2012 / By
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    Egypt seeks $3.2bn IMF help

    Egypt’s government is in discussions with the International Monetary Fund about the possibility of obtaining a $3.2bn loan package to help support its economic reform. An IMF delegation arrived in C...
    On January 17, 2012 / By
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    Euro falls to 11-year low against yen

    The euro on Monday fell to an 11-year low versus the yen following a mass downgrade that stripped France and Austria of their AAA rating and cut eight further sovereigns. Europe’s currency dropped t...
    On January 16, 2012 / By