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Ford to cut 4,000 jobs in Europe
Auto giant Ford has announced another 4,000 job cuts, concentrated in Germany and Britain (INA FASSBENDER) US car giant Ford on Wednesday…
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Cut
Business
Wall Street ends lower after Powell erodes hopes for December rate cut
Wall Street’s main indexes closed lower on Thursday (Nov 14) after Federal Reserve chair Jerome Powell dampened investor hopes for another…
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Booking.com could cut jobs as part of reorganisation plan
ONLINE travel agency Booking.com could cut jobs as part of a review of its organisational structure, it said on Saturday (Nov 9). The…
Business
US Fed’s rate cut brings ‘relief’ to Asian markets, but long-term uncertainty under Trump remains
Observers expect volatility in the markets until there is greater clarity on Trump’s policies THE latest rate cut by the US Federal…
Business
Fed’s rate cut brings ‘relief’ to Asian markets with STI hitting 17-year high, but long-term uncertainty under Trump remains
Observers expect volatility in the markets until there is greater clarity on the new president’s policies THE latest rate cut by the US…
Business
Gold extends gains on Fed rate cut, but heads for weekly fall
GOLD prices inched higher on Friday (Nov 8), extending gains spurred by the US Federal Reserve’s widely anticipated quarter-point rate cut…
Business
China tells banks to cut interbank deposit rates to boost growth
CHINESE regulators told the nation’s banks to lower rates they paid to deposits from other financial institutions to free up funds to…
Business
Bank of England to cut rates in decision that will be overshadowed by budget, Trump
THE Bank of England (BOE) is likely to lower interest rates for only the second time this year in a decision that will be overshadowed by…
Business
German parts maker Schaeffler to cut 4,700 jobs on auto woes
Schaeffler will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen and other German carmakers ripples…
Business
Uber proposes cut to New York City driver base pay on lower gas prices
UBER Technologies is proposing a cut to New York City drivers’ base pay rate, among other recommendations, as it seeks to lower prices of…
Business
German banks start to cut US office loan exposure that caused bond turmoil
German banks are cutting legacy US office loan exposure after concerns about commercial real estate (CRE) losses led to a plunge in bond…
Business
Canadian dollar falls for third week on jumbo rate cut bets
THE Canadian dollar steadied against its US counterpart on Friday (Oct 18)but was on track for its third straight weekly decline, as oil…
News
Yahya Sinwar: Chilling Autopsy Confirms Hamas Leader Suffered Bullet Wound in Head, Fingers Were Cut Off for DNA Analysis
The autopsy of Hamas leader Yahya Sinwar revealed that he was killed by a gunshot wound to the head during an Israeli military raid in…
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Airbus likely to cut up to 2,500 jobs in defence, space divisions: Report
Airbus has also been drawing up a specific turnaround plan for its struggling Space Systems business. | Photo: Reuters 2 min read Last…
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Bandai Namco begins to cut headcount after culling game titles
VIDEO game publisher Bandai Namco Holdings is cutting its workforce after cancelling several titles due to lacklustre demand, according to…
Business
Dutch to cut ABN Amro stake further as exits gather pace
THE Dutch government plans to sell more shares in ABN Amro Bank, joining states across Europe in speeding up the exit from banks that were…
Business
Boeing to cut workforce by 10% as strike eats into reserves
BOEING said it plans to cut its workforce by about 10 per cent, responding to the crisis facing the planemaker as it faces a drawn-out…
Business
Gold extends gains over 1% as US PPI data solidifies rate cut hopes
GOLD rose over 1 per cent on Friday (Oct 11) after a US inflation data cemented prospects of a rate cut next month, restraining the dollar…
Business
RBI shifts stance, hints at rate cut as Fed and ECB ease policies
1 min read Last Updated : Oct 10 2024 | 12:36 AM IST There is a lot of action among leading central banks with the US Federal Reserve and…
Business
RBI's shift to neutral stance suggests rate cut likely in December
3 min read Last Updated : Oct 10 2024 | 12:28 AM IST Ahead of the October meeting of the Monetary Policy Committee (MPC), uncertainty ran…
Business
Kiwi falls after hefty rate cut, US dollar edges up
THE New Zealand dollar slumped on Wednesday (Oct 9) after the country’s central bank cut interest rates by 50 basis points, while the US…
Business
ECB will ‘quite probably’ cut rates this month, Villeroy says
THE European Central Bank (ECB) will “quite probably” cut interest rates at its next meeting later this month, according to Governing…
Business
ECB momentum for an October rate cut is looking unstoppable
AN INTEREST rate cut that European Central Bank (ECB) officials deemed unlikely just three weeks ago now seems a near certainty when they…
Business
Samsung to cut thousands of jobs as part of worldwide layoffs
SAMSUNG Electronics is laying off workers in South-east Asia, Australia and New Zealand as part of a plan to reduce global headcount by…