Browsing All Posts By Kurt Osterberg
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Nakamura rebuffs government pressure over deflation
Bank of Japan policy board member Seiji Nakamura rebuffed government pressure for more BOJ action to fight deflation, saying that pumping liquidity into the financial system alone will not put an end ... -
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Irish services contraction fastest in six months
Ireland’s services sector shrank by its fastest rate in six months in January, when a marked fall in new orders indicated that unusually bad weather was not solely to blame, a survey showed this wee... -
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West eyes Iran central bank
Western powers have called for a fourth round of UN measures against Iran for refusing to halt uranium enrichment activities as demanded by five Security Council resolutions. Iran insists it has a sov... -
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Australia central bank skips a hike
Australia’s central bank shocked markets by skipping an interest rate rise this week, citing the impact of higher mortgage rates at home while noting tighter policy in China and concerns over sovere... -
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Toyota braces for sales hit from recall, costs mount
US auto sales for January are expected to show a sharp drop for Toyota after it pulled eight of its most popular models from showrooms last week following complaints over sticking accelerator pedals. ... -
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Too big to fail
White House adviser Paul Volcker will urge Congress to curb the risks taken by large banks to help prevent them from being treated as “too big to fail,” according to a testimony. Detailing a recen... -
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Kenya’s MPC sees no risk with domestic inflation
Kenya’s inflation rate is likely to remain low in the near future as the performance of east Africa’s biggest economy improves, the central bank’s Monetary Policy Committee (MPC) said on Friday.... -
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US lawmakers turn up heat on Geithner over AIG
Lawmakers challenged Treasury Secretary Timothy Geithner’s credibility recently after he said he was not involved in a decision by bailed-out insurer AIG to withhold details about $62bn paid to bank... -
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Tullow launches $1.6bn share sale
London-based oil explorer Tullow Oil launched a placing of 80.4 million shares on Wednesday, equivalent to 10 percent of its outstanding shares, to pay for development of assets in Uganda. Based on Tu... -
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BOJ set to keep easing bias as gov renews pressure
The Bank of Japan may sound less pessimistic about the economy on Tuesday but it will likely keep its bias skewed towards further monetary easing, with the finance minister pressuring it again to do i...
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China suspected in massive breach of federal personnel data
