US shares rally as European concerns step back

Note: This section contains information in English only.
Source: Marketwatch
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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Wed, 18 Apr 2012 07:59:41 GMT

First Solar to cut 30% of its workforce

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

Wed, 18 Apr 2012 07:03:38 GMT

Obama calls for raising penalties for oil price manipulation

President Barack Obama proposed to raise criminal and civil penalties for firms and individuals who involve in market manipulation through buying large amounts of oil thus making a perception of crude deficit. Obama called for increase financing for the agency that monitors commodity markets. Republicans, however, claim President's energy policies are the main cause of the surge in oil prices.

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