Browsing All Posts By Kurt Osterberg
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Blaming the weather for high US unemployment
That means key US data on jobs and manufacturing for February, which hold big implications for global financial markets, could lead to a befuddled reaction from investors. Confusion will also likely r... -
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Earthquake to drag on Chile recession recovery
The 8.8-magnitude quake tore up highways and bridges, knocked out power that feeds mines and factories, and shook apart scores of buildings, killing more than 700 people. With details of the extent of... -
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Greece must do more to tackle debt crisis, EU says
“I am asking the Greek government to announce new measures in the coming days,” Rehn told reporters after talks with Finance Minister George Papaconstantinou. For his part, Papaconstantinou said p... -
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India lifts borrowing in budget, bonds hit
India will increase market borrowing by 1.3 percent in the next fiscal year, disappointing bond investors, as it counts on a surging economy and a partial rollback of stimulus measures to cut its fisc... -
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US Q4 economic growth revised up on inventories
In its second reading of fourth-quarter GDP, the Commerce Department said the economy grew at a 5.9 percent annual rate, rather than the 5.7 percent pace it estimated in January. It was still the fast... -
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Tearful Toyoda apologises; Japan hopes for recovery
Toyota Motor Corp President Akio Toyoda apologised to US lawmakers probing the automaker’s safety record and ended the day in tears, in what Japanese politicians hoped was a first step towards rebui... -
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Saenz: Reform could be dangerous
“If all these elements that are being discussed under the Basel III umbrella are put in place… it would be very onerous, a heavy burden on the profitability of the banking system and the banking i... -
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Kenya economy to grow by 4.5 pct in 2010
The effects of post-election violence, a drought and the global economic crisis pushed Kenya’s economic growth to 1.7 percent in 2008, after expansion of 7.1 percent in the previous year. “Last ye... -
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Pakistani finance minister to resign
Pakistani Finance Minister Shaukat Tarin is to step down this week to focus on his private banking interests, according to reports, following speculation that he would resign. Tarin, who negotiated ... -
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Bernanke has some explaining to do
The head of the central bank heads to Capitol Hill on Wednesday and Thursday for twice-yearly testimony, fulfilling a long-time practice. Normally, the main topic is the state of the economy. This tim...
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China suspected in massive breach of federal personnel data
