Business
Europe: Shares fall as US rate cut expectations wane; UK fiscal worries resurface
EUROPEAN shares fell on Friday (Nov 14), as hawkish commentary from US policymakers dampened expectations of an imminent interest rate…
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Business
US: Wall Street tumbles as tech selloff extends, rate cut hopes fade
Wall Street’s main indexes dipped on Friday (Nov 14), driven by a renewed sell-off in technology stocks, while hawkish commentary from…
Business
Asia: Markets up on hopes over shutdown deal, rate cut
EQUITIES rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive…
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Ringgit rally driven by domestic strength and Fed cut bets, say analysts
The currency hits a 13-month high against the greenback, year-to-date peak versus Singdollar The Malaysian ringgit has rallied about 7 per…
Business
Visa, Mastercard to cut fees, let retailers reject certain cards
VISA and Mastercard reached a deal with retailers to reduce some of their fees and give merchants more leeway to reject customers who use…
Business
Gold rises on Fed rate cut bets, growth worries
GOLD prices rose on Monday, buoyed by expectations of another Federal Reserve interest rate cut in December and a slew of weak economic…
Business
Gold gains on softer dollar, increasing bets of Fed rate cut
GOLD rose on Friday as the dollar slid after private-sector job reports indicated weakness in the US labour market increasing expectations…
Business
Bank of England keeps rates on hold in knife-edge vote that hints at cut soon
The Bank of England kept borrowing costs on hold on Thursday (Nov 6) but a narrow vote and signs that governor Andrew Bailey might soon…
Business
Nissan to cut Rogue production in Japan over Nexperia fallout: source
The automaker plans to cut output of the Rogue sport-utility vehicle by about 900 vehicles in the week starting Nov 10 Nissan Motor will…
Business
IBM to cut thousands of jobs in fourth quarter amid software focus
IBM will cut roles this quarter, the company said on Tuesday (Nov 4), potentially impacting thousands of employees while it shifts focus…
Business
Indonesia central bank chief sees room for another rate cut
Indonesia’s central bank governor said on Monday (Nov 3) there was still room for another interest rate cut, but the timing would depend…
Business
Gold rises on bargain hunting and US rate cut, set for monthly gain
Traders have scaled back bets that the Fed will cut rates again at its next policy meeting on Dec 10 after remarks from Fed chair Jerome…
Business
AirAsia plans up to US$600 million bond to cut borrowing cost: sources
The Malaysian budget carrier operator is targeting a coupon rate of below 10% for the proposed note AirAsia Aviation Group plans to raise…
Business
Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30)…
Business
Asian markets to expect short-term pressure from Fed rate cut: analysts
Asia markets are likely to face short-term pressure from the US Federal Reserve’s latest interest rate cuts, but expectations are already…
Business
Gold ticks up on US dollar retreat, Fed rate cut
Focus now shifts to US President Trump’s meeting with Chinese leader Xi Jinping in South Korea later in the day Gold prices edged higher…
Business
US: Dow ends down, S&P 500 flat as Powell says December rate cut far from assured
The Dow ended lower and the S&P 500 finished flat on Wednesday after the Federal Reserve cut interest rates but Fed Chair Jerome Powell…
Business
GM to cut over 1,200 jobs at EV plant
General Motors will cut about 1,200 jobs at its EV plant in Detroit, as the carmaker responds to slowing demand for its battery cars,…
Business
Fed to cut rates, but with no added signal
Federal funds futures indicate investors see a quarter-point cut as nearly a certainty Expectations are set for two things from this…
Business
Amazon to cut 14,000 jobs across corporate workforce
The tenure of Amazon’s CEO Andy Jassy has been punctuated by job cuts and the shuttering of various projects Amazon.com said it was…
Business
As Fed prepares to cut rates this week, all eyes are on outcome of Trump-Xi meeting in Seoul
The prospect of a trade deal between Washington and Beijing has raised hopes of prices of goods coming down ahead of the holiday season…
Business
US: Wall Street opens higher as cool inflation data fuels Fed rate cut bets
WALL Street opened on solid ground on Friday (Oct 24), as investors welcomed a cooler-than-expected inflation reading, while Intel’s…
Business
Applied Materials to cut 4% of global staff after sales slow
Applied Materials, the largest US producer of chipmaking equipment, plans to cut 4 per cent of its global workforce as it copes with a…
Business
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the…