IBM is said to have fired 1000 workers this week

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Source: Bloomberg
International Business Machines Corp. (IBM) fired approximately 1000 workers in its North America unit this week, said Advocacy group. The jobs cuts happened mostly in US while some of them were in Canada. Doug Shelton, New York based IBM spokesman, declined to name exact number of fired employees and claimed the job elimination is a part of company's policy in order to remain competitive. 
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Wed, 29 Feb 2012 07:54:37 GMT

Aussie strengthens on ECB loan programme

Australian currency appreciated sharply against its US peer, reaching one-week record ahead of ECB refinancing operation due today to support region's lenders. Aussie climbed 0.1% against greenback to USD 1.0767 and was little changed versus Japanese Yen. In contrast New Zealand Dollar fell 0.4% against US Dollar to USD 0.8374. Currently AUD/USD is trading at USD 1.0809 and NZD/AUD is trading USD

Wed, 29 Feb 2012 07:30:42 GMT

Greek parliament ratifies budget cut of USD 4.3 billion

Greece's lawmakers approved EUR 3.2 billion (USD 4.3 billion) spending cuts for the year 2012 and took one step further to securing the bailout package and save country from default. 202 members of parliament voted in favour of budget cuts and 80 voted against. Today Greek parliament is set to agree on expenditure reduction in health care and reforms in

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