Kurt Osterberg

Browsing All Posts By Kurt Osterberg

  • News 0

    German economy grounds to a halt

    Germany, the EU’s biggest economy, saw a near stalling in 2Q11 as its GDP grew by just 0.1 percent between April and June, according to the country’s Federal Statistics Office. The figure, which ...
    On August 16, 2011 / By
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    Asian stocks rise as Japan beats GDP estimates

    Japan’s economy contracted during 2Q11 at a slower than expected pace by an annualised rate of 0.3 percent in the three months to the end of June, the cabinet office said. Real GDP was down 1.3 perc...
    On August 15, 2011 / By
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    EU imposes short selling ban

    Amid heightened international market volatility, ESMA, the EU’s regulator, announced late on Thursday that France, Belgium, Spain and Italy have banned short selling in an attempt to curb rumours an...
    On August 12, 2011 / By
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    Shares drop on rumours of French credit downgrade

    The Paris stock exchange lost over five percent of value and French financials were hammered late on Wednesday amid rumours that French banks were in serious difficulty. France’s second-largest ban...
    On August 11, 2011 / By
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    Stock markets higher after US Fed pledge?

    ?Asian stocks have rallied in early trading on Wednesday from their downward trend earlier in the week after the US Federal Reserve promised to keep interest rates near the zero level “at least thro...
    On August 10, 2011 / By
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    Global stocks plummet

    European stock markets plummeted further on Tuesday following a sharp rise in Chinese inflation, adding to woes over debt contagion across the eurozone and fears of another US recession. Market volati...
    On August 9, 2011 / By
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    China inflation hits 6.5%

    China’s PPI increased by 7.5 percent year-on-year while the inflation rate rose 6.5 percent to a 37-month high in July. Inflation was driven by a14.8 percent spike in food costs, the country’s Nat...
    On August 9, 2011 / By
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    ECB to help Rome and Madrid with bond purchases

    As European markets opened on Monday yields on Spanish and Italian bonds saw a sharp fall to 83 and 79 basis points respectively following an intervention by the European Central Bank. The ECB backed ...
    On August 8, 2011 / By
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    US to raise debt limit

    President Obama has announced that senior Republican and Democrat party members have agreed a proposal to limit US debt by $2.4bn in order to avoid deault or downgrading from the nation’s triple A r...
    On August 1, 2011 / By
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    Credit Suisse to cut 2,000 jobs after 52% profit drop

    Swiss banking group Credit Suisse on Thursday announced a 2Q11 net earnings drop of 52 percent year-on-year to SFr768m amid weak trading activity and currency exchange effects of the Swiss franc. The ...
    On July 28, 2011 / By