Yen strengthens as U.S. and EU impose sanctions on Russia

Source: Bloomberg
The Yen jumped to five-month high against the Euro today and grew versus all of its 16 major counterparts as the U.S. and European Union laid out further sanctions on Russia. The Yen increased 0.2% to 137.30 per euro and 0.2% to 101.52 per dollar. Economists suggest more defensive positioning in markets and potential benefits for the Yen in the nearest future.
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Thu, 17 Jul 2014 15:09:08 GMT

China's state firms boost profit margins

China's state-owned companies experienced an increase in profits in the first six months of 2014. The state-owned and non-financial firms generated combined profits of 1.22 trillion yuan, adding 8.9% to the previous year's figures. China's officials believe the economy is on the right track, as the government incentives kick in.

Thu, 17 Jul 2014 09:55:09 GMT

Microsoft to cut jobs as Nokia integrates into company

Microsoft Corp., one of the biggest software developers in the world, may announce the biggest round of jobs cuts since 2009, while company is integrating the Nokia into its' business. As expected, total cuts may exceed 5,800 of 2009, while the majority of job losses will be directly at a Nokia unit. Yesterday, the Microsoft Corp. shares climbed 3.8% to

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