Browsing All Posts By Kurt Osterberg
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China avoids commitment to US on currency
China struck a conciliatory note at the opening of talks with the US by vowing to spur domestic demand and keeping a guarded opening to exchange rate reform, which the Obama administration says is nee... -
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BOJ outlines new loan scheme, warns on Europe woes
The Bank of Japan has outlined a loan scheme aimed at supporting growth industries and upgraded its assessment of the economy, but said Europe’s debt debacle needed watching for its impact on the gl... -
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Kenya expects 4-5% economic growth this year
Kenya expects economic growth to accelerate to between four and five percent this year, helped by the likely recovery of the global economy and as favourable weather conditions boost agriculture, its ... -
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ICAP year profit beats forecast, good start to Q1
ICAP, the world’s biggest interdealer broker, reported a good start to its financial year, helped by active and volatile markets, when posting a better than expected five percent drop in full-year p... -
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Nikkei hits 10-wk closing low, yen strength weighs
Japan’s Nikkei average fell 2.2 percent to a 10-week closing low on May 17 as the euro’s tumble to a four-year trough chilled investor sentiment and fanned worries that the eurozone’s fiscal woe... -
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Nations pledge record $4.25bn for environment fund
Donor countries have pledged a record $4.25bn over the next four years for the Global Environment Facility, the world’s largest public green fund that helps developing countries tackle climate chang... -
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Ghana April inflation falls to 11.66%
Annualised inflation in Ghana fell to 11.66 percent in April from 13.32 percent in March, the statistics office has announced, a greater than expected drop that offers hope for further rate cuts later... -
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SEC and exchanges agree to bolster circuit breakers
US market watchdogs and six major exchanges have agreed that new safeguards were needed to curb trading when markets are plunging, including circuit breakers for individual stocks, a source familiar w... -
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ECB to buy eurozone bonds to fight crisis
The European Central Bank will buy eurozone government bonds to help support fractured markets, abandoning firm resistance to full-scale asset purchases in light of Greece’s debt crisis. The ECB sai... -
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Freddie Mac seeks more government funds
Freddie Mac, the second-largest provider of US residential mortgage funds, has asked for an additional $10.6bn in federal aid after it lost $8bn in the first quarter. The company warned it would conti...
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The Importance for Individuals to Use Sustainable Chemicals
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China suspected in massive breach of federal personnel data
