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Kurt Osterberg

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Pacific shares under pressure

For the first time in three days the FTSE Asia Pacific index has fallen 0.4 percent, while the Nikkei stock average fell 0.57 percent or 57.60 to 9578.53. Renewed worry about high levels of radiation ...
On March 28, 2011 / By Kurt Osterberg
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Brazil’s housing carnival stokes bubble worries

Listening to Jose Carlos de Vasconcellos talk about Rio de Janeiro’s property market is like being transported back to the bubble days in the US or Europe. The 60-year-old, who came out of retiremen...
On March 28, 2011 / By Kurt Osterberg
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Oil slides below $115 as Libyan rebels make gains

Oil has retreated with Brent slipping below $115 after Libyan rebels regained control of key oil towns, and unrest over the weekend was limited to minor crude exporters Syria and Yemen. Western-led mi...
On March 28, 2011 / By Kurt Osterberg
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UK sees slower growth, above-target inflation

Britain has cut its economic growth forecast and said inflation would remain above target this year and next in a budget that stuck to ambitious deficit-busting goals. Seeking to support a faltering e...
On March 23, 2011 / By Kurt Osterberg
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True Finns chief wants to renegotiate euro fund

The leader of the populist True Finns party, vying for a key role in the next Finnish government, has said he would demand to renegotiate a package of EU measures to tackle the euro zone debt crisis. ...
On March 23, 2011 / By Kurt Osterberg
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Cinven readying 5bn euro fundraising

European private equity firm Cinven has kicked off a fundraising drive for its fifth buyout fund, aiming to gather up to 5bn euro ($7.1bn) for new deals, people familiar with the situation said. The b...
On March 23, 2011 / By Kurt Osterberg
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Rising China threatens US clout in Latin America

Largely shut out by traditional international lenders, Argentina still had a place to turn last year for the billions of dollars it needed to renovate its decrepit railway system – Beijing. The $10b...
On March 16, 2011 / By Kurt Osterberg
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Global supply chain rattled by Japan quake, tsunami

Global companies from semiconductor makers to shipbuilders faced disruptions to operations after the earthquake and tsunami in Japan destroyed vital infrastructure and knocked out factories supplying ...
On March 14, 2011 / By Kurt Osterberg
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Huge response to Irish Nationwide debt buyback

Nationalised lender Irish Nationwide has had a near 100 percent take-up for its coercive buyback of £146.2m ($236m) of subordinated debt at an 80 percent discount. The lender, being wound down as par...
On March 10, 2011 / By Kurt Osterberg
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Little Britain stands back as eurozone advances

Do what you like. Just count us out. That, in essence, is the message that Britain is sending its European partners as the 17 countries that share the euro move towards closer economic integration. In...
On March 9, 2011 / By Kurt Osterberg