Sony to eliminate more than 300 jobs at EMI

Source: Bloomberg
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. 
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Thu, 19 Apr 2012 07:58:20 GMT

Yen depreciates against its counterparts on trade deficit

The Japanese Yen weakened against most of its 16 peers as BoJ indicated it is putting efforts to depreciate the Yen and support the nation to return to export surplus. Japanese Yen dropped 0.3% versus US Dollar to JPY 81.47 on Asian trade. It slipped also 0.3% against shared currency to JPY 106.91.

Thu, 19 Apr 2012 06:30:00 GMT

PBOC to provide liquidity

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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