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Swedbank Cuts Jobs as Low Interest Rates Hurt Profit Outlook

2014-10-21 15:56:34| Appliances - Topix.net

Swedbank AB, Sweden's biggest mortgage lender and the largest bank in the Baltics, will cut as much as 5.5 percent of its staff to try to adjust to the low rate environment created by unprecedented central bank easing. The bank will cut 600 to 800 jobs in the coming two years, mainly through attrition, and aims to lower costs "towards 16 billion kronor" in 2016 from 16.6 billion kronor in 2013, the Stockholm-based lender said in a statement today.

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Clean Energy Delivers Record 50.6 Million CNG Gallons In Q3; Expands Market Reach By Acquiring Controlling Interest In NG Advantage To Bring Natural Gas To Customers Beyond The Pipeline

2014-10-20 04:23:04| pollutiononline Home Page

Clean Energy Fuels Corp. recently reported it delivered for the first time over 50 million compressed natural gas (CNG) gallons in one quarter

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VIDEO: Interest rates 'lower for longer'

2014-10-17 19:32:48| BBC News | Business | UK Edition

Interest rates should remain low to avoid long-term economic stagnation, the chief economist at the Bank of England has said.

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Keep interest rates low, says Bank

2014-10-17 10:36:29| BBC News | Business | UK Edition

Interest rates should remain low to avoid long-term economic stagnation, says the chief economist at the Bank of England.

Tags: low interest rates bank

 

Oryx Petroleum acquires 85% interest in AGC Central licence

2014-10-17 01:00:00| Offshore Technology

Oryx Petroleum has acquired an 85% interest in the AGC Central licence, located in the joint development offshore area between Senegal and Guinea Bissau (AGC).

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