Browsing All Posts By Kurt Osterberg
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Asian manufacturing heralds jittery September start
As increasing prices continue to aggravate Asia’s governments moving into September, manufacturing activity slowed in August within Japan, Taiwan and South Korea, according to data released on Thurs... -
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Rosneft ExxonMobil buddy up; Daryl Hannah arrested
Russia’s Prime Minister Vladimir Putin late on Tuesday announced an agreement between US oil conglomerate ExxonMobil and Russia’s Rosneft to explore the country’s oil-rich Arctic continental she... -
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BofA sells Construction stake to raise $8.3bn
Bank of America late on Monday announced it is to sell around half of its ten percent stake in China Construction Bank to a group of investors in an effort to increase capital and shed assets. The s... -
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Markets lower ahead of Bernanke speech and Germany rumours
Markets showed signs of caution and the dollar declined against its counterparts as traders await a speech by Federal Reserve Chairman Ben Bernanke which is expected to show a slowing US economy. Foll... -
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Greek exposure affects Credit Agricole profits
Credit Agricole, France’s third largest bank by market value, published in its 2Q11 net profit results on Thursday a 10.6 percent decrease at €339m compared to €379m in the same period last year... -
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Markets vague as Moody’s downgrades Japan
?Asian highs were short-lived on Wednesday when regional markets failed to hold on to Tuesday’s gains after sentiment dampened following Moody’s decision to downgrade Japan’s credit rating to Aa... -
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Asian stocks higher but uncertainty lingers?
Asian markets rebounded on Tuesday following a series of losses last week after released data showed improved manufacturing activity in China and buoyancy that Federal Reserve Chairman Ben Bernanke ma... -
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Merkel rules out Eurobonds as Greek banks rescue small lender
German chancellor Angela Merkel on Sunday snubbed Eurobonds as a short-term answer to Europe’s sovereign debt crisis while four of Greece’s largest banks in Athens stepped in to rescue a smaller l... -
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Asahi buys Independent Liquor for $1.3bn?
?Japan’s Asahi Group Holdings said Thursday it has come to an agreement to buy New Zealand’s leading ready-to-drink cocktail company, Independent Liquor, for $1.31bn from Pacific Equity Partners a... -
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Franco-German talks fail to reassure markets
Stocks in Europe fell on Wednesday after a meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel late on Tuesday to discuss the area’s rescue fund and borrowing. The d...
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China suspected in massive breach of federal personnel data
