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05th of November 2010
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News Tag: worldwide

November 1, 2010

US dollar falls as markets anticipate eventful week

by Kay Murchie
”US
The US dollar has fallen to a fresh 15-year low today against the Japanese yen and also fell against the euro. Many are calling this week “the busiest week in decades" as interest rate decisions are expected across the globe. US central bank, the Federal Reserve, could be set to provide extra stimulus to strengthen the economy, when it meets this ...




May 18, 2010

US drugs giant announces 6,000 job cuts

by Kay Murchie
”US
Pfizer has announced plans to reduce its global headcount by 6,000 over the next five years as part of a major restructure. The company, which is the world's largest drug maker, said the jobs represent almost a fifth of its workforce and said it will also close manufacturing sites in Ireland and scale back operations at six other factories. The ...




June 11, 2009

Piggybank raiders headed for pensions crisis

by David Masters
Piggybank raiders headed for pensions crisis
One in five of the world's workforce are dipping into savings to pay off debt, a new study has revealed. Over 20% of workers have raided the piggybank in the last year to lighten their burden of debt, whilst 13% have stopped saving entirely. In the UK, China, the US, and India, savings have been shown the door as consumers struggle to maintain ...




June 2, 2009

Global Property Guide reveals house price falls throughout the world

by Kay Murchie
Global Property Guide reveals house price falls throughout the world
Property researchers the Global Property Guide have revealed the extent to which house prices have affected countries around the world during the year to 31 March 2009. Among the 32 countries studied in the survey, 27 experienced price falls over the period with Latvian capital, Riga, seeing average apartment prices falling by a staggering 50% over the 12 ...




September 26, 2008

HSBC axes 1,100 jobs worldwide

by Kay Murchie
”HSBC
HSBC, the UK’s largest bank, is shedding around 1,100 jobs worldwide across its global banking and markets division, as it comes under pressure due to the current financial turmoil. The jobs represent around 4% of its total workforce with nearly half of the job cuts to go at the bank’s Canary Wharf office in London, where the division is headquartered. A spokesperson for HSBC ...