Browsing All Posts By Kurt Osterberg
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IMF drops Fischer due to age restriction
Stanley Fischer, the 67-year-old governor of the Israeli central bank, was notified late on Monday by the Board of Directors of the IMF that his bid to head the IMF has been disqualified because of hi... -
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Stanley Fisher in race for IMF job
Former IMF deputy chief and Bank of Israel governor, Stanley Fischer, has emerged as a candidate to challenge Mexico’s Central Bank governor Agustin Carstens and French finance minister Christine La... -
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Supreme Court upholds $290m verdict against Microsoft
The US Supreme Court ruled against Microsoft in its high profile appeal of a $290m patent case verdict against Canadian company i4i. The verdict brings to an end a long-lasting legal battle which saw ... -
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Data breach confirmed by Citigroup
Citigroup said today that computer hackers may have gained access to data on hundreds of thousands of card customers in North America. An estimated one percent of customer accounts had been compromise... -
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No India assurance for Lagarde IMF bid
The finance minister of India, Pranab Mukherjee, said he offers “no assurance” that India will support French finance minister Christine Lagarde in her bid to become the head of the IMF. Lagarde m... -
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Barclays to pay $2bn in to Lehman trustee
A New York court late on Monday rejected a renewed attempt by Barclays PLC to attain $4bn in assets linked with the sale of brokerage business Lehman Brothers Holdings. The judge reportedly called for... -
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Prada Hong Kong IPO may raise up to $2.6bn
Italian luxury fashion house Prada is looking to raise between $2bn- $2.6bn in a Hong Kong IPO, ahead of its June 24 listing on the Hong Kong stock exchange. The Milan –based company anticipates sel... -
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Groupon files for $750m IPO
Chicago-based Groupon, the daily deal website which last year rejected a $6bn buyout offer from Google, has filed with the SEC to raise $750m in an initial public offering, the company said on Friday.... -
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Brazil needs more time to decide IMF candidacy
Brazil has welcomed the candidacy of Agustin Carsten, Mexico’s central bank chief, in his pursuit to become the next head of the Washington-based IMF but said it required more time to decide which c... -
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Schneider Electric bids 1.4bn euro for Telvent GIT
French power equipment specialist Schneider Electric has signed an agreement to acquire Spanish software firm Telvent GIT for €1.4bn ($2bn), the company said on Wednesday. Schneider, the world’s l...
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