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European Software Alliances Ltd Jobs
Industry : IT-Software Services
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Euro at record high against yen
LONDON: The euro rose to a record against the yen and strengthened versus the dollar on speculation inflation will accelerate in Europe, forcing policy makers to push interest rates higher through the rest of this year. The euro rallied the most in almost three weeks against the dollar after news reports said that the European Central Bank will lift inflation and economic growth forecasts for the region. The ECB, due to meet on June 6, is expected to increase borrowing costs by a quarter point to 4%, economists unanimously predicted in a Bloomberg survey.
Euro falls against dollar, yen
LONDON: The euro weakened against the dollar and yen, as some traders pared bets on interest rate increases this year by the European central bank after comments by President Jean-Claude Trichet. The ECB on Wednesday raised its benchmark borrowing cost to a six-year high of 4%. The European currency fell as far as $13495 and was trading at $1.3503 in afternoon trade in London from $1.3524 late on Tuesday in New York. The currency traded at 163.58 yen, from 164,16 yen on Tuesday. Traders pared bets that the ECB will lift rates to 4.5% this
Patni appoints Stones as VP
NEW DELHI: Global IT services provider Patni .Computer Systems on Monday announced appointment of Brian Stones as executive vice-president for its European operations. "We are witnessing a strong growth with tremendous opportunity in Europe and hence significant investments are being channeled to strengthen our operations in the region," Patni Computers COO Atonal Sattawala said in a statement.
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