Aussie strengthens on ECB loan programme

Note: This section contains information in English only.
Source: Bloomberg
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Australian currency appreciated sharply against its US peer, reaching one-week record ahead of ECB refinancing operation due today to support region's lenders. Aussie climbed 0.1% against greenback to USD 1.0767 and was little changed versus Japanese Yen. In contrast New Zealand Dollar fell 0.4% against US Dollar to USD 0.8374. Currently AUD/USD is trading at USD 1.0809 and NZD/AUD is trading USD 0.8422.
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Wed, 29 Feb 2012 08:22:38 GMT

Bank of Montreal reports a record profit for the first quarter

Bank of Montreal, the fourth biggest Canadian lending institution reported a record high first quarter net profit of CAD 1.11 billion or CAD 1.63 per share. Analysts earlier predicted net income to reach CAD 1.36 a share. The sharp increase in net income was supported by successful acquisition of Marshall & Ilsley Corp in July. Bad loan provisions fell annualized 56%.

Wed, 29 Feb 2012 07:48:44 GMT

IBM is said to have fired 1000 workers this week

International Business Machines Corp. (IBM) fired approximately 1000 workers in its North America unit this week, said Advocacy group. The jobs cuts happened mostly in US while some of them were in Canada. Doug Shelton, New York based IBM spokesman, declined to name exact number of fired employees and claimed the job elimination is a part of company's policy in order

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