Browsing All Posts By Kurt Osterberg
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HK stocks hit 2010 high on central bank easing hopes
Hong Kong stocks rose to a 2010 high on October 6 as investors poured money into local assets on expectations of another round of asset purchases by the US Federal Reserve to stimulate the economy wea... -
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BOJ reverts to zero rates, pledges to buy more assets
The Bank of Japan has pledged to pump more funds into the struggling economy and keep interest rates at virtually zero, surprising markets and stealing a march on the Federal Reserve in providing a fr... -
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GM posts gain amid still-slow US auto market
General Motors Co posted an annual sales gain of 10.5 percent in September amid evidence that the U.S. auto market remained stuck in a slow-moving recovery at the start of the fourth quarter. GM was t... -
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Iraqi banks need $10bn in three years
Iraq has signed multi-billion deals with oil firms to boost output capacity to 12 million barrels a day in seven years. This could give Iraq the money to rebuild after decades of war, sanctions and ec... -
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Switzerland scrambling to keep wealth crown
Switzerland, at risk of losing its crown as the world’s top wealth management hub to Singapore, is seeking a deal on billions of dollars of untaxed money hidden at its banks, under pressure from cas... -
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Nikkei up on window dressing, yen clouds outlook
The Nikkei average clawed up 0.7 percent on Wednesday on window-dressing before the end of Japan’s financial first half, but it pared earlier gains as the yen’s strength revived and resistance hel... -
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Lloyd’s of London profit halves on record claims
The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and US oil spill halved its profits, and said it saw no respite from a steady decli... -
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Europe in $2.5trn pensions shortfall
European workers have put aside $2.5trn less than they need to fund their retirement, condemning many to a penurious old age unless they start saving more, British insurer Aviva said. The shortfall is... -
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EU to include commodities in new markets rules
The European Commission has said it intends to use a its plan to reform financial markets to rein in speculation on commodities markets, notably by reinforcing controls and extend the market abuse leg... -
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France takes dig at PE, hedge funds
In a week in which French president Nicolas Sarkozy defended his country’s treatment and exportation of a substantial number of dislocated Romas, the same government has stirred controversy within t...
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China suspected in massive breach of federal personnel data
