Browsing All Posts By Kurt Osterberg
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Asia, LatAm job market spurs Michael Page profit
Recruiter Michael Page posted a 42 percent rise in first-half pretax profit, boosted by growing demand in Asia and Latin America, defying concerns that a sluggish economic recovery would hit job turno... -
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Credit Suisse axes 75
Credit Suisse said it was cutting around 75 jobs in its UK operations, becoming the second investment bank in as many days to slim down as economic fears hit the deal-making business. “We are curren... -
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RWE says German nuclear tax would hit dividends
Germany’s RWE, Europe’s fifth-largest utility, warned government plans to introduce a nuclear fuel tax in Germany would keep a lid on its earnings and dividends for years to come. The statement ma... -
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Bank of Ireland to shake off state support slowly
Bank of Ireland plans to move away cautiously from state support by showing it can raise debt outside a government guarantee and gradually repay taxpayers’ funds over several years, it has announced... -
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Dollar near 15 year low after Fed move
The dollar hovered close to 15-year lows versus the yen but rose against other currencies on August 10 as investors pared back risk exposure in the wake of steps announced by the Federal Reserve to bo... -
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TUI Travel warns on FY as budget measures hit UK
Europe’s biggest travel firm TUI Travel said it expected its full-year profit to be at the lower end of expectations after trading was hit by uncertainty among British consumers following June’s e... -
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Saudi Arabia unveils $385bn spending plan
Saudi Arabia plans to build schools, hospitals, housing and other infrastructure projects as part of a five-year plan budgeted at $385bn, the state-run Saudi Press Agency (SPA) has reported. Ageing Ki... -
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Morgan Sindall says construction recession not over
British construction group Morgan Sindall said growing demand for office buildings was helping to offset the impact of government spending cuts on its business, although the construction recession was... -
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Astra pays $198m to settle US Seroquel claims
AstraZeneca has agreed to pay $198m to settle some 17,500 US personal injury claims related to its schizophrenia and bipolar disorder drug Seroquel, the company has announced. The top-selling medicine... -
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UK taxpayer moves into black on bank stakes
British taxpayers are sitting on a 3.5 billion pound ($5.6 billion) paper profit on its stakes in Royal Bank of Scotland and Lloyds after both swung back to profit, driving their shares higher. Brit...
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China suspected in massive breach of federal personnel data
