Browsing All Posts By Kurt Osterberg
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Indonesia finance minister quits; could affect reform
Indonesian Finance Minister Sri Mulyani Indrawati, a key reformer in Southeast Asia’s biggest economy, is leaving office in what could be a major blow to a crackdown on graft and tax evasion. Indraw... -
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BOJ says to seek ways to support economy
The Bank of Japan has said it needs to do more to foster economic growth and renewed its commitment to ultra-loose monetary policy even as it forecast consumer prices would start rising again sooner t... -
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Goldman CEO says has board’s support
Goldman Sachs Group Inc Chief Executive Lloyd Blankfein told American television recently that he retains the support of the board as well as support from clients since the SEC accused the powerful bu... -
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Impact of expected China-Taiwan trade deal
Taiwan and China aim to sign a landmark free trade-style agreement by June aimed at bringing the political rivals closer while opening the often-isolated island’s $390bn economy to trade pacts aroun... -
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China market access more critical to US firms
US firms working in China are more concerned about regulatory and policy issues than about pushing China to revalue its currency, the head of the American Chamber of Commerce said in Beijing recently.... -
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Greek PM requests activation of EU/IMF aid package
Greek Prime Minister George Papandreou asked for the activation of an EU/IMF aid package on April 23 aimed at pulling the nation out of a debt crisis. “It is a national and imperative need to offici... -
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Kiwis: Economy picking up, fiscal pressures remain
New Zealand is growing more strongly than expected but the recovery is still patchy and the government will face high deficits and borrowing for several years yet, Finance Minister Bill English said i... -
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GM repays US, Canada $5.8bn
General Motors Co has completed repayments totaling $5.8bn to the US and Canadian governments for loans that helped fund the US automaker’s bailout last year, the company has announced. GM, which em... -
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Ukraine seeks $12bn in new IMF programme
“We will present a Ukrainian draft programme for cooperation with the IMF over the next two an a half years. It’s a new programme aimed at supporting economic growth”, Tigipko told reporters. ... -
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Goldman Sachs profit tops forecast, UK opens probe
Goldman’s results came four days after the firm was accused of fraud by the US SEC in the structuring and marketing of a debt product tied to subprime mortgages. “On the face of it, Goldman’s nu...
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China suspected in massive breach of federal personnel data
