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Nokia Siemens to cut 8,500 jobs

Axe In Wood

Nokia Siemens Networks, the phone-equipment maker that Nokia Oyj is fully taking over, is considering reducing about 8,500 jobs to boost profitability, according to three people familiar with the matter.

BoE's Carney fails to impress with 'Fed 2.0'

Bank Of England Logo

Mark Carney, the governor of the Bank of England (BoE) followed in the Federal Reserve's footsteps on Wednesday by linking the outlook for interest rates to unemployment, but experts are unconvinced of the advantages of his new plans.

Bank of Japan stands pat on monetary policy

Japanese Flag

The Bank of Japan met analyst expectations on Thursday as it kept its level of monthly purchases steady and its assessment of the economy unchanged at the conclusion of a two-day meeting.