Technicolor to cut 600 jobs

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Source: Marketwatch

Technicolor plans to cut about 600 jobs with charges amounting €100 million. The measure signals on the weak demand for Digital Delivery services that is expected to report about €39 million loss before taxes, interest, depreciation and amortization. The company announced it accelerated its cost-reduction strategy due to bleak macroeconomic outlook in Europe.

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Mon, 19 Dec 2011 14:45:38 GMT

Chinese economy to encounter challenges next year

China's economy is likely to face challenges such as exchange rate and trade disagreements coupled with protection of China's foreign investment interests, reported experts. At the first half of 2012, recession in many developed economies will continue thus increasing friction between the US, Europe and China. Moreover, protection of the Chinese overseas investment will pose additional challenges to Chinese diplomatic relations, added Ding Yifan, deputy director of the

Mon, 19 Dec 2011 14:40:07 GMT

Dollar to dominate through 2020

The US currency is likely to stay at the dominating position through 2020, said an adviser to Chinese central bank. The yuan is likely to contribute about 3%-5% of the world reserves by 2020, according to Xia Bin, adviser to the People's Bank of China.

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