Kurt Osterberg

Browsing All Posts By Kurt Osterberg

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    UK and Dutch to sue Iceland for Icesave money

    The Netherlands and Britain are planning to take Iceland to court for refusing to repay money paid to Icesave depositors following the collapse of the country’s banking system in 2008, said chief se...
    On April 11, 2011 / By
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    Precious metals reach record high in 31 years

    Gold futures traded at a new record high on Friday and silver hit $40.04 an ounce for the first time since 1980 as concerns about the dollar weakening draws investors towards precious metals. Gold for...
    On April 8, 2011 / By
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    Portugal asks for EU bailout

    Portugal’s caretaker government under José Sócrates last night requested an EU bailout, making Portugal the third EU member, after Ireland and Greece, to seek financial assistance. The move comes...
    On April 7, 2011 / By
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    Commerzbank to repay 14.3bn euro aid by June

    Commerzbank, Germany’s second largest lender said on Wednesday it plans to repay 14.3bn euro in state aid by June through the sale of new shares and the use of excess capital. The bank said it is t...
    On April 6, 2011 / By
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    Portugal moves closer to bailout

    Portugal’s long term government bond rating has been downgraded by Moody’s by a notch from A3 to BAA1, the credit agency said. Moody’s cautioned that it expects Portugal to have to look for ext...
    On April 5, 2011 / By
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    Vodafone to earn €7.95bn from SFR sale

    Vodafone shares opened 2 percent higher this morning after the company announced it has agreed to sell its entire 44 percent stake in French mobile phone group SFR to Vivendi for a cash consideration ...
    On April 4, 2011 / By
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    Xstrata agrees record coal price with Japan

    Xstrata, one of the world’s biggest coal exporters, has come to an agreement from today to sell Australian thermal coal to Hiroshima-based Chucogu Electric Power for one year at $129.80 a tonne it w...
    On April 1, 2011 / By
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    Japan still stationary

    Japan’s manufacturing activity dropped to a two-year low in March and posted its sharpest decline since records began in October 2001, a survey showed today. The disruption of production operation a...
    On March 31, 2011 / By
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    OPEC on target for $1trn revenue

    OPEC, the crude oil producer’s cartel, could this year for the first time ever bank $1trn in export revenue if crude oil prices maintain their 100 bbl, the IEA said. Brent Light Crude traded at 115...
    On March 30, 2011 / By
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    Construction returns to profit

    Leading plumbing and construction supplier Wolseley saw its shares climb 3.8 percent and top the key gainers on the FTSE 100 this morning following the release of its results. The company posted half ...
    On March 29, 2011 / By