March 9: Pictures of the day
March 9: Pictures of the day
A woman walks past a Nomura Securities branch in Tokyo.
Nomura Holdings Inc, Japan's largest brokerage, is restructuring its global commodities and energy-trading businesses, which will lead to some job losses, particularly in the energy segment in Asia, two company sources said on Wednesday.
\"Nomura is reshaping the commodities business globally, and this will result in a small number of job losses, particularly in energy trading and in Asia,\" one of the sources, who declined to be identified, told Reuters.
When contacted for comment, an spokesman for the company said: \"Nomura continually reviews its cost base to ensure that it is appropriately-sized for market conditions.\"
The sources said the trading personnel were told late Tuesday that the company was downsizing the business, particularly for oil and soft commodities segments, and the affected staff have already been informed.
Bangladeshi Nobel laureate Muhammad Yunus (2nd L) arrives in court for a hearing in Dhaka.Bangladeshi Nobel laureate Muhammad Yunus on Wednesday appealed against a High Court decision upholding his removal from microlender Grameen Bank, a verdict allies say was prompted by a government vendetta. The Supreme Court was likely to hear the appeal later in the day. Yunus, 70, had been removed as head of the bank on the grounds that he had stayed on past the legal retirement age of 60. There was no immediate explanation why the removal came now and not 10 years ago. US Secretary of State Hillary Clinton telephoned Yunus on Tuesday in a gesture of support as the State Department voiced concern about the Bangladeshi government's effort to remove him from Grameen, the microfinance lender he founded. In 2007, while Bangladesh was ruled by an interim military government, Yunus tried to set up a political party, but later stepped bac
Employees work at Hero Honda's plant.
Citigroup on Wednesday downgraded India's Hero Honda to \"sell\" from \"hold,\" citing execution risks relating to product development and branding for the company in the medium term.
Citigroup on Wednesday downgraded Hero Honda to \"sell\" from \"hold,\" citing execution risks relating to product development and branding for the company in the medium term.
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