Yahoo to reduce 14% of its workforce

Note: This section contains information in English only.
Source: BBC
Yahoo is set to reduce the number of personnel by 2,000 staff, or by 14% of the total labour force. The company explained the move as an attempt to make Yahoo smaller, more flexible and more profitable. The cost-cutting measures are likely to save about 375 million Euros for Yahoo that failed to compete with Google in search engine area.



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Thu, 05 Apr 2012 07:12:28 GMT

Emerging patterns: USD/JPY 1H chart: Triangle

USD/JPY was consolidating during last two days and formed a triangle pattern on a 1D chart. The formation has 73% quality along with 50% magnitude in a 34-bar period.The pair eased after it touched the resistance around 84.17 on March 15, and now is trading in 82.00 to 82.30 range. The formation would not last long, so traders may expect

Thu, 05 Apr 2012 07:53:59 GMT

Aussie and Kiwi gain ahead of US jobs report

New Zealand and Australian currencies advanced versus their major counterparts on Thursday as US jobs report are expected to show further improvements in labour market. Aussie climbed 0.2% versus greenback to USD 1.0295 while Kiwi ascended 0.3% to USD 0.8172. Currently AUD/USD is trading at USD 1.0301 and NZD/USD is trading at USD 0.8169.

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