Thomson Reuters Plans to cut 2,500 Jobs

Monexnews-Thomson Reuters Corp. announced plans to cut about 2,500 jobs in Financial and Risk Division until the end of this year. The step was taken after the company posted a drop in Sales Division for the year 2012 and predict if their business has yet to be recovered before the second half of 2013.

About 1,000 job reductions are to be made through the sale of Corporate Services Division to Nasdaq, which is forecast to be completed in the 2nd quarter, Thomson Reuters said. While the rest of the work will be done on old products division, as customers switched to using the new desktop products such as Eikon and electrons. The LAYOFFS also will bring the cost of severance for about $ 100 million, most of which are expected to be published in the first quarter.

"This is definitely not an easy decision, but our fee structure to meet the needs of our customers," said Chief Executive Jim Smith in an interview. (vid)

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Germany's Stimulus Policy Criticism

Monexnews-Finance Minister of Germany, Wolfgang Schaeuble, warned of the potential of the global financial crisis if developed countries continued to provide monetary stimulus to the global economy. This is a critique of the Central monetary policy is the US and Europe in order to finance the Government's budget deficit. "We will not be able to avoid a crisis like the 2008 again if the amount of money circulating in the economy increased too much," said Schaeuble.

Schaeuble also intends to tell us at the G-20 meetings over the weekend that the u.s. should emulate later traces of Europe. "I will tell them that they should follow the policies pursued by the euro-zone. Sustained economic growth can only be achieved if fiscal policy is also credible, "Schaeuble said in front of his party the CDU.  (fr)

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Euro Hit By Unemployment Data Portugal

Monexnews-the Euro slipped versus the U.s. Dollar as unemployment figures in Portugal to merangsek the highest level throughout the history of the block 17-State. The unemployment rate in Portugal surged to 16.9% from 15.8% in Q3, according to the report the National Statistics Institute in Lisbon. The Euro has the potential to be further depressed if growth data Thursday showed the economies in the region are increasingly shrinking in the last quarter of last year.

"The Prime Minister of Portugal showed a sharp rise in concern over the unemployment rate, which was released a day before the Euro zone growth data," said Joe Manimbo, a market analyst at a Western Union Business Solutions in Washington D.C. "the anxiety on the economy appears to be starting to come to the surface again." (vid)

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EURUSD Strengthened Retail Sales Data Amid A Weak U.S.

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EURUSD continues its rise in Pairing Wednesday beyond the range of trading, even test the 1.3400 level after it was reported the growth of resistant 1.3500 retail sales slowed to us 0.1% in January, down from the 0.5% during the month of December.

Components of the retail sales outside the automotive and fuel sales, the level of consumer spending rose only 0.2% below the estimate of 0.4% and lower than the 0.7% previously. These Data indicate that u.s. consumers reduced spending after the holiday season as a result of the wage tax increase of 2%.

Reports the u.s. economy is still weak, it's also the reason supporters for the Federal Reserve to maintain its monetary policy might result in selonggar and positive for the EURUSD pair, because in the same time eurozone economic data showed improvement after a reported increase in the industrial production data. In addition investors sentiment on the single currency is increasingly positive following the G7 statement that those countries not participating in the competition of the devaluation of the currency.

Pair EURUSD so far observed strengthened 0.13% in level 1.3474, after reaching its highest point at the lowest level of his daily 1.3519 and at 1.3438. In intraday bias remains bullish technical, at least the target area in the short term, 1.3540 before his bullish target in the target range of 1.3630. On the side, the nearest support at 1.3420 area looks – 1.3435, plummeted again below the area can add to the bearish pressure to target areas of 1.3360.

(Sap)

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Japan GDP Misses From Estimation

Monexnews-Japan Gross domestic product was down 0.4% for the quarter in October-December from the previous quarter. The economy is contracting for the third quarter amid continued economic uncertainty overseas.

Data released by the Cabinet Office today (2/14) gave rise to a number of market estimation misses the expansion of 0.4 percent per quarter in the survey conducted by Dow Jones Newswires. Revised economic conditions in the quarter 3.8% in July-September.

The Data indicate that the estimation of misses its driving force, Japan's economy is the export sector and capital financing of companies still slumped in this quarter. This means that the country is heavily dependent on Government stimulus to encourage the economy to back the export sector is strong.

In the three-month period, exports dropped for the second trimester by 2.3% while private capital was down 2.6% per quarter.

(din)

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Wall Street Mix, the Dow closed below the 14,000

Monexnews-the US stock market managed to recover from the low level of the session but the Dow still closed in negative area on Wednesday, as investors stopped the rally amid a lack of market catalysts and after touching S&P highest level since December 2007. The Dow and the 500 rally for S&P closed at level 5-year high in the previous session. The Dow currently is about 1% from the record high reached in October 2007. Both indexes had scored a rise that's pretty impressive so far in the year 2013, up more than 6.5% respectively. Dow Jones Industrial Average closed in the negative area, dragged down by weakening shares of McDonald 's. General Electric is a blue-chip index stocks with the best performance. S&P 500 closed up thin after briefly touching the highest level since December 2007 and the Nasdaq closed up. Financial and telecommunication sectors in S&P weakened, while the industrial sector strengthened. (xiang)

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Discussion Of Iran – The IEA Mingle With Oil Prices

Monexnews-oil plummeted to a low level session on Wednesday, as investors focus on the discussions between Iran and the world about the nuclear programme of oil in Iran. Oil prices plummeted to a low level after the session Tehran says it has agreed on a number of ' points ' by the International Atomic Energy Agency, indicate that the discussion will continue. Analysts say the discussions a number of geopolitical risks eliminating keeping oil prices remain high. Energy complex have got the pressure earlier after the International Energy Agency (IEA) cut its outlook to his request, erode the optimism towards the global economy that lifted oil prices to as low as 9-month high last week.(xiang)

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