Business
Asian traders cheer US rate cut but gains tempered by outlook
MOST Asian markets rose on Thursday as traders welcomed the Federal Reserve’s third straight interest rate cut, though the euphoria was…
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Business
Divided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds
The Federal Reserve cut interest rates on Wednesday in another divided vote, but signalled it will likely pause further reductions in…
Business
Fed chair front-runner Hassett says ‘plenty of room’ to cut rates
White House economic adviser Kevin Hassett, the front-runner to be the Federal Reserve’s next chair, told the WSJ CEO Council on Tuesday…
Business
Wall Street subdued at open as Fed rate cut decision nears
Wall Street’s main stock indexes were subdued at the open on Tuesday (Dec 9) as investors awaited the Federal Reserve’s policy decision,…
Business
India aviation regulator asks IndiGo to cut 5% of winter flights
The government has launched an investigation into how the airline ended up in its predicament India’s aviation regulator ordered IndiGo to…
Business
US stocks open higher as investors await Fed rate cut decision
Wall Street’s main indexes opened modestly higher on Monday (Dec 8) as investors priced in expectations that the Federal Reserve will…
Business
Oil hovers near two-week highs on expected US interest rate cut, geopolitical risk
Oil prices hovered at two-week highs on Monday (Dec 8) as investors expect a likely US Federal Reserve interest rate cut this week to lift…
Business
Asian stocks stagger as traders prepare for expected US rate cut
Asian equities drifted on Monday (Dec 8) as investors gear up for an expected US interest rate cut this week, with debate centring on the…
Business
UBS may cut further 10,000 jobs by 2027: report
The bank has been cutting jobs as a result of the integration of former rival Credit Suisse UBS may cut an additional 10,000 jobs by 2027,…
Business
Fed likely to trim rates again this week, but it could be a ‘hawkish’ cut
Futures markets are pricing in a near certainty that it will cut rates by another quarter of a percentage point, bringing them down to a…
Business
US: Wall St closes with slight gains as data keeps Fed cut expectations on track
US stocks closed out the trading week with slight gains on Friday (Dec 5) as the latest flurry of economic data kept elevated expectations…
Business
Europe: Shares clock weekly gains on ongoing Fed cut optimism
European shares were little changed on Friday (Dec 5) and ended the week with modest gains, while investors evaluated a long-delayed US…
Business
Asian markets mixed ahead of US data, expected Fed rate cut
Focus is now on the release later Friday of the personal consumption expenditures index Asian markets struggled into the weekend on Friday…
Business
Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling
US crude futures briefly rose more than US$1 a barrel earlier in the session as global shares rose Oil prices settled up on Thursday (Dec…
Business
Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources
The proposed metaverse cuts are part of the company’s annual budget planning for 2026 Meta Platforms’ Mark Zuckerberg is expected to…
Business
Rio Tinto outlines plan to cut costs, raise productivity at strategy day
Rio Tinto CEO Simon Trott outlined a plan to focus on cost cuts and productivity gains at his first strategy day on Thursday (Dec 4) as he…
Business
Asian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks Asian markets struggled to maintain their early…
Business
Indexes close higher as data keeps Fed rate cut expectations elevated
US stocks advanced to close higher on Wednesday (Dec 3), as a flurry of economic data kept expectations elevated for an interest rate cut…
Business
Philippines' slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter A slower growth outlook for the Philippines…
Business
Major Chinese banks cut high-yield deposit products to ease margin pressure
Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their…
Business
Equities climb on Fed rate cut optimism, Boeing surges
US stocks closed higher to record their sixth gain in seven sessions in muted trading on Tuesday (Dec 2), buoyed by gains in technology…
Business
Asian markets rise as US rate cut bets temper Japan bond unease
Stocks rose on Tuesday (Dec 2) following the previous day’s stutter as more weak US data helped solidify US interest rate cut optimism and…
Business
Ad giant Omnicom to cut over 4,000 jobs, fold legacy brands after IPG takeover
The advertising industry faces a serious threat as artificial intelligence reshapes creative production and tech giants Omnicom said on…
Business
European shares clock monthly gains on Fed rate cut hopes
Next week, investors expect some focus on Russia-Ukraine peace talks. European shares ended higher on Friday (Nov 28), capping a strong…