Britain threatens crisis solution

Note: This section contains information in English only.
Source: Yahoo Finance
© Scanpix/Reuters

Plans by Germany and France to rescue euro via closer fiscal union face serious challenge from UK. Great Britain, the country that is not Eurozone member, is against broadening rights for Brussels, as it would lessen Britain's influence in the European Union. David Cameron said he is ready to defend UK's position in upcoming EU summit later this week.  

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Wed, 07 Dec 2011 12:58:42 GMT

Germany sells five-year notes

Germany sold 4.09 billion euros of notes maturing in five years with an average 1.11% yield. The Bundesbank, the responsible institution for conducting government's auction, announced it got 8.67 billion euros bids for the notes. The Bundesbank has set aside 910 million euros for secondary market operations made by Finance Agency.

Wed, 07 Dec 2011 14:20:01 GMT

Deutsche Bank to cut 20 jobs in Japan

Deutsche Bank AG reduced nearly 20 jobs in its Tokyo division. Koichiro Yasuda, manager of Deutsche Bank AG's finance investment banking in Japan quit after the cut. At least three management positions have been eliminated said bank in its statement yesterday. Before reductions Deutsche Bank provided employment for about 70 people in Japan. Job cuts are implemented amid bank's efforts to reduce operating costs globally. 

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