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Citigroup to eliminate 17,000 jobs
2007-04-11
NEW YORK - Under pressure from investors to contain burgeoning costs, Citigroup
Inc., the nation's largest financial institution, announced that it will eliminate
about 17,000 jobs, shift 9,500 positions to "lower cost locations" and
consolidate some corporate operations.
Rmb Yuan hits new high
2007-04-02
The value of the Chinese currency yuan Renminbi (RMB) against the U.S. dollar
hits a new high on Monday with a central parity rate of 7.7306 yuan to one dollar,
according to the Chinese Foreign Exchange Trading System.
The yuan, also known as Renminbi
(RMB) gained 36 basic points from Friday's reference rate of 7.7342 to the
U.S. dollar.
The yuan climbed to a central parity rate of 7.7386 yuan to the U.S. dollar,
breaking the 7.74 mark on March 8 this year
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