BoE's Ben Broadbent Tells CNBC: Bernanke's QE Remarks Were Not Surprising
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BRUSSELS, April 30- Inflation in the euro zone has fallen to a three-year low and unemployment hit a new record, cementing expectations of an interest rate cut by the European Central Bank later this week. "It's a close call, but we expect a rate cut this week," said Sarah Hewin, a senior economist at Standard Chartered Bank.
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Mining group Rio Tinto plans to almost halve the size of its London head office, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year.
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JOHANNESBURG/ LONDON, April 29- Mining group Rio Tinto plans to almost halve the size of its London head office, according to an internal memo seen by Reuters, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year.
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*Endeavour Silver to defer 20 pct of capital investments in 2013. *Endeavour Silver shares rise 4 pct; Osisko up 8 pct. Endeavour Silver Corp, Osisko Mining Corp and Orosur Mining Inc said they plan to reduce their workforce to cope with lower prices and margins this year.
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A majority of unions had agreed last month to back the plan, including 8,000 French job cuts and the closure of Peugeot's Aulnay plant near Paris. Peugeot has been running losses of as much as 200 million euros a month and only plans to return to profit in 2015..
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A majority of unions had agreed last month to back the plan, including 8,000 French job cuts and the closure of Peugeot's Aulnay plant near Paris. Peugeot has been running losses of as much as 200 million euros a month and only plans to return to profit in 2015..
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PARIS, April 29- France will keep its defence budget broadly stable for the next five years, after meeting stiff resistance from lawmakers and the army to proposed cuts, although the flat budget will mean 34,000 job losses by 2019..
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JOHANNESBURG/ LONDON, April 29- Mining group Rio Tinto plans to almost halve the size of its London head office, according to an internal memo seen by Reuters, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year.
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*Union challenge against Peugeot cuts rejected. *Ruling allows cuts to take effect- Peugeot. Peugeot, the carmaker worst-hit by Europe's auto market collapse, is struggling to halt losses of up to 200 million euros a month by the end of next year and return to profit in 2015..
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PARIS, April 26- A French judge rejected a trade union challenge against car maker PSA Peugeot Citroen's. restructuring plan, a lawyer for France's CGT union told journalists on Friday. PSA last year said it planned to cut 8,000 jobs in France and close a plant in Aulnay-sous-Bois, near Paris, in 2014 to respond to the slump in its domestic and European markets.
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April 26- REpower Systems SE, the Indian wind turbine maker Suzlon Group's German arm, said on Friday it would reduce up to 750 jobs across the world as part of its plan to achieve cost savings of about 100 million euros in the current fiscal year.
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BERLIN, April 25- General Motors' Opel division is against giving workers another vote on a restructuring deal at the automaker's embattled plant in Bochum, Germany.
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BERLIN, April 25- General Motors' Opel division is against giving workers another vote on a restructuring deal at the automaker's embattled plant in Bochum, Germany.
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April 25- Harley-Davidson Inc reported profits on Thursday that were in line with expectations and kept its full-year shipment forecast unchanged as its five-year-long restructuring effort continued to boost its financial performance.
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The huge sums poured into the global financial system by major central banks have eased bond market pressure on Spain, but the cuts Madrid has made in spending to regain investors' confidence have left it deep in recession.
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April 22- When Barbara and Mark Gomperts became empty nesters a few years ago, they found themselves using just a fraction of the 3,000- square-foot, five-bedroom house where they had raised their children in Vienna, Virginia.
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April 18- American Airlines parent AMR Corp, which plans to merge with US Airways Group Inc to form the world's biggest carrier, reported higher-than-expected adjusted quarterly earnings on Thursday, aided by cost-cutting from its bankruptcy restructuring.
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LONDON, April 18- British insurer Aviva Plc will cut as many as 2,000 jobs worldwide in the latest cost-cutting drive aimed at revitalising its flagging fortunes, the company confirmed on Thursday.
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April 18- British insurer Aviva PLC will cut as many as 2,000 jobs worldwide in the latest cost-cutting drive aimed at revitalising its flagging fortunes, a source close to the company told Reuters on Thursday.
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ROME, April 16- Thousands of idled Italian workers staged a sit-in in front of parliament on Tuesday and trade unions threatened strikes unless the government steps in to back a temporary jobless scheme which is running out of funds.