Browsing All Posts By Kurt Osterberg
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McBride warns of second wave of material cost rises
A second wave of commodity price increases and a deteriorating British grocery market will hit profits at cleaning products maker McBride, it said on February 7, sending its shares to a 24-week low. M... -
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Obama tries to woo business, slams ‘burdensome’ tax
President Barack Obama stepped up efforts to woo the US business community on February 7, seeking its help to tackle “burdensome” corporate taxes in a speech to a business group that has long been... -
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UBS sees strong increase in new money in 2011
UBS said it expects to win back more money from clients in 2011 and has laid the foundations for a rebound in its investment bank as chief Oswald Gruebel turns around a bank almost felled by the crisi... -
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WTO report said to condemn Boeing subsidies
Plane maker Boeing received unfair subsidies from the US government, a World Trade Organisation report said recently, according to Boeing’s European rival Airbus. The two companies disagreed over th... -
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Debt brake may be one German export too many
As Berlin presses its eurozone partners to introduce tough German-style deficit rules, first cracks are emerging in the country’s own commitment to the “debt brake” law it holds up as a model fo... -
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After the Great Recession, the Great Regression?
Wages, pensions, unemployment insurance, welfare benefits and collective bargaining are under attack in many areas as governments struggle to reduce debts swollen partly by the cost of rescuing banks ... -
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Rein: EU should follow Germany’s lead on reforms
European countries must implement the structural reforms that Germany has already carried out over the last couple of decades to ramp up competitiveness, the European Union’s top economic official s... -
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Egypt has limited war chest to avert financial crisis
Egypt has substantial reserves to avoid an external payments crisis but these could be seriously depleted within weeks if political protests continue, while its banks may struggle to cope with a rush ... -
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M&A is back as CEOs start to put cash to work
Dealmaking is back on the agenda as CEOs step up the hunt for ways to put a multitrillion-dollar cash pile to work, triggering the busiest January for M&A in 11 years. There is still plenty to wo... -
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UK inflation leaps to eight month high, pressure on BoE
A record monthly jump in prices drove British inflation to an eight-month high in December, piling pressure on the Bank of England to raise interest rates and show it is not letting inflation get out ...
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China suspected in massive breach of federal personnel data
