Australian economy expands in 3rd quarter

Note: This section contains information in English only.
Source: Marketwatch

Australia's economy soared the 3rd quarter boosted by a rapid expansion in mining business. Gross domestic product gained 1% compared with 0.8% increase previously predicted by economists, said Australian Bureau of Statistics on Wednesday. Growth in GDP reflects rapid escalation of mining investment and robust household consumption, though outweighed by declining public demand. 

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Wed, 07 Dec 2011 08:09:42 GMT

Citigroup to cut 4,500 jobs

Vikram Pandit, CEO of Citigroup Inc. announced the bank is planning to eliminate about 4,500 jobs beginning in the 4th quarter. Padit expects that job reductions will be executed during the next few quarters. Citigroup is going to undertake a charge of the $400 m in the 4th quarter linked to those cuts. CEO also told the bank is going to return capital to its

Wed, 07 Dec 2011 08:08:15 GMT

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