First Solar to cut 30% of its workforce

Note: This section contains information in English only.
Source: Bloomberg
Solar manufacturer First Solar Inc announced on Tuesday it will eliminate 2000 jobs through 2012, making the largest staff cut across solar industry since the bankrupt Solyndra fired 1100 workers on August 31. First Solar reported it also will cut production output. Solar producers are suffering from subsidy reductions in Europe and falling natural gas prices which make solar energy less competitive. 
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Wed, 18 Apr 2012 08:32:26 GMT

Australian Dollar climbs on IMF outlook

Aussie traded higher against most of its peers on Wednesday as Asian shares jumped after IMF improved its economic expansion prediction. Australian Dollar added 0.1% versus greenback to USD 1.0404 and jumped 0.8% against Yen to JPY 84.68. Meanwhile the Kiwi climbed to USD 0.8221 and soared 0.8% versus Japanese currency to JPY 66.92. Currently AUD/USD is trading at USD

Wed, 18 Apr 2012 07:27:32 GMT

US shares rally as European concerns step back

US stocks soared on Tuesday as investors sentiment  improved after Spanish debt auction. S&P 500 index gained 1.55% or 21.21 points and closed at 1,390.78. Dow Jones Industrial Average jumped 1.50% or 194.13 points to 13,115.54 while Nasdaq Composite surged 1.82% or 54.42 points to 3,042.82. 

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