Browsing All Posts By Kurt Osterberg
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Gates says US recovery to take years, taxes rise
Bill Gates, the world’s richest man, has said the US economy could take years to recover from recession and predicted taxes will have to rise to bring the federal budget into balance. Speaking on AB... -
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Ahmadinejad says new budget less dependent on oil
Ahmadinejad, who faces opposition protests seven months after his re-election, also said Iran “will have good news over production of 20 percent enriched fuel in February”. “This news will make ... -
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China’s future inflation is a present headache
Chinese inflation remains tame, but prices have been creeping up in the past few months and policymakers may not only have to step up their rhetoric but also the pace of monetary tightening to prevent... -
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Obama threatens fight with banks on new risk rules
President Obama threatened to fight Wall Street banks on Thursday with new proposals to limit financial risk taking, sending stocks and the dollar tumbling. “If these folks want a fight, it’s a fi... -
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US airlines top estimates, outlook hits shares
Continental projected a drop in its unit revenue for January, surprising investors who expected revenue per available seat mile (RASM) numbers to improve as it has been doing in the last few months. T... -
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Kenya fiscal stimulus may still be needed
There are signs the global economy is rebounding but Kenya should keep assessing its economic performance before reducing or removing its fiscal stimulus, the World Bank’s country director said rece... -
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China tries to curb lending and avoid overheating
Chinese authorities ordered some big banks to curb lending for the rest of January, intensifying their efforts to prevent the world’s third-largest economy from overheating. The news weighed down st... -
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Japan Inc set to file for bankruptcy
Japan Airlines Corp is set to file for one of the country’s largest ever bankruptcies on Tuesday, marking the failure of the former state-owned carrier that once symbolised Japan Inc’s internation... -
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Uganda awaits formal oilfield deal from firms
Uganda’s oil minister said Kampala was waiting for documents about the sale of Heritage Oil’s assets, and stressed that neither Heritage nor partner Tullow Oil had consulted the government on the ... -
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China fuel exports seen flat to lower
February gasoline exports will likely remain steady versus January levels due to high refinery runs, though icy weather has disrupted some cargo flows at northeastern ports, they said. Other than this...
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