PBOC to provide liquidity

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Source: Bloomberg
Chinese central bank warranted to provide adequate liquidity in financial system through cuts in the reserve requirements, national media reported. The report is a signal from PBOC they are preparing additional easing measures, suggest Zhang Zhiwei, Nomura Holdings Chief Economist. Zhang assumes the central bank may reduce reserve requirement ratio even twice this year.
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Thu, 19 Apr 2012 07:06:14 GMT

Sony to eliminate more than 300 jobs at EMI

Sony Corp. prepares to eliminate 326 jobs at UK music company EMI Publishing in two years after European and US regulators accept Sony's acquisition of EMI Publishing worth USD 2.2 billion. The job reductions equal to around 60% of total workforce will create annual cost reductions amounting to USD 70 million. 

Wed, 18 Apr 2012 17:27:18 GMT

German Dax index down on Spanish bad loans

German DAX index fell on Wednesday after Spain reported its proportion of non-performing loans versus total lending rallied to 7.91% January, the highest figure since 1994 raising doubts about nation's ability prevent debt turmoil. Banks led the losses with Commerzbank falling 2.63% and Deutsche Bank sinking 2.3%. The only notable gainer was industrial component producer Thyssenkrupp AG which surged 2.3%.

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