Business
Autodesk to cut about 7% of staff amid sales reorganisation push
Software company Autodesk is planning to cut around 1,000 jobs, or about 7 per cent of its workforce, as it seeks to streamline its…
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Cut
News
ICE Has Cut Its Detainees Off From Medical Care
Immigrations and Customs Enforcement has stopped paying for immigrant detainees to receive health care—and isn’t planning on paying for…
Business
South Korea bourse CEO sees Kospi at 6,000, vows to cut ‘zombie’ firms
The index’s surge over the past 12 months is the best among more than 90 global equity indexes tracked by Bloomberg The world-beating…
Business
Asian shares near record high on AI optimism, dollar up on receding Fed cut bets
Asian stocks advanced on Friday as the artificial intelligence boom regained momentum, while the dollar held near a six-week high after…
Business
Citi to cut about 1,000 jobs this week
CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve…
Business
Meta plans to cut 10% of jobs at company’s Reality Labs division
Meta Platforms plans to cut 10 per cent of jobs in the company’s Reality Labs division, part of a broader strategy to shift money away…
Business
JPMorgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
Data suggests the labour market is holding, aiding belief that the Fed will leave borrowing costs unchanged at its January meeting…
Business
China battery shares drop on plan to cut export tax rebates
From April, discounts on 22 battery-related goods will be cut from 9% to 6%, with a complete removal planned from 2027 Chinese battery…
Business
Maersk explores more ethanol use for green fuel to cut reliance on China
Danish shipping company Maersk is looking at increasing its use of ethanol as a fuel, which could reduce its dependence on China and boost…
Business
Gold, precious metals rise as softer US jobs data boost Fed rate cut bets
Gold and other precious metals rose on Thursday (Jan 8) after US private payroll data showed job openings fell to a 14-month low in…
Business
China’s central bank pledges to cut RRR, interest rate in 2026
The central bank will make flexible and efficient use of multiple monetary policy China’s central bank said on Tuesday (Jan 6) it will cut…
Unsorted
Longi joins China solar push to cut costs by reducing silver
The shift comes as solar manufacturers struggle with overcapacity and intense competition LONGI Green Energy Technology will begin…
Business
Asian markets rally again as rate cut hopes bring Christmas cheer
EQUITIES extended a global rally on Tuesday, while gold and silver hit fresh records as optimism for more US interest rate cuts and an…
Unsorted
Colorado faces $24M federal funding cut over illegal commercial driver's licenses
The head of the U.S. Department of Transportation threatened Monday to withhold $24 million in federal funding from the state of Colorado…
Business
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans Telefonica will book a cost of 2.5 billion euros…
Business
Gold smashes past US$4,400, silver hits record as rate cut bets fuel rally
Bullion has surged nearly 68% this year, marking its biggest annual rise since 1979 Gold crossed the US$4,400-per-ounce level for the…
Business
Thai central bank proposes controls on gold trade, ready to cut rates further
The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value…
Business
Asian markets drift as US jobs data fails to boost rate cut hopes
ASIAN equities fluctuated on Wednesday as mixed US jobs data did little to boost expectations for another interest rate cut next month,…
Business
Asian markets track Wall Street record after Fed cut
ASIAN equities rose on Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve’s latest interest rate…
Business
Philippine central bank chief tempers hawkish view, sees one more cut
PHILIPPINE central bank Governor Eli Remolona said monetary authorities may cut the benchmark interest rate one more time in the current…
Business
European markets end higher as investors cheer Fed cut; SNB holds rate
EUROPEAN shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the US Federal Reserve’s overnight…
Business
Singapore stocks inch up after Fed rate cut; STI rises 0.2%
Across the broader market, gainers edge out losers 256 to 244 after 1.1 billion securities worth S$1.3 billion change hands Singapore…
Business
Asian markets mixed post Fed cut; fundamentals should matter more with upcoming pause: analysts
The STI, Hang Seng Index and KLCI saw slight gains, while Nikkei and Kospi retreated Asian markets were mixed on Thursday (Dec 11) after…
Business
Asian markets diverge post Fed cut, with analysts expecting short-term relief rally
Asia markets ended mixed as the STI and KLCI gain, while Hang Seng, Nikkei and Kospi retreat Markets will likely rally in the short term,…