Toyota profit to jump amid weaker yen and U.S. recovery

Source: Reuters
Toyota Motor Corp., the largest car maker in the world, upgraded its profit expectations for the current financial year, which ends in March, as economic recovery in the U.S. and sliding yen exchange rate pushed company's sales up. The profit is now predicted at $23.7 billion. Today, Toyota Motor Corp. shares, however, declined 5.68% to 5,500 yen during the trading session in Tokyo.
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Tue, 04 Feb 2014 14:17:06 GMT

BoA increases salaries for EU managers as tougher bonuses rules approach

Bank of America Corp, the second largest financial institution in the U.S., announced an increase in salaries for its managers in the European branch by about 20% to $500,000. The reason behind the pay rise lies in coming tougher rules on paying bonuses in the EU, which will start working in 2015. Today, Bank of America Corp. equities are trading

Tue, 04 Feb 2014 13:55:05 GMT

Spanish unemployment rises sharply in January

Jobless rate in Spain, which has the second highest percentage of people without work in Europe so far, surprisingly surged in January of the current year, as 113,097 more people became unemployed. This is a 2.41% rise on a monthly basis to 4.81 million. At the same time, the unemployment among young people below 25 years jumped as much as

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