Summary
China braced for a rate rise to cool economy CHINESE financial markets are steeling themselves for the first interest rate increase in nine years as speculation grows that the central bank will ramp up efforts to cool the economy. The central bank is expected to raise commercial bank lending rates by half a percentage point after a weeklong holiday starting tomorrow.
Gateway to axe 1500 more jobs despite cut in losses COMPUTER firm Gateway has posted a smaller first-quarter net loss of $165.5 million (Pounds 90.2 million) as a rersult of cost-cutting and says that it plans to axe a further 1500 jobs or some 43% of its workforce, continuing a dramatic makeover begun after its merger with rival personal computer maker eMachines.See the full content of this document
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Unemployment at a three-year low in Japan ...
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