Business
US: Wall Street opens higher on Fed rate cut hopes; earnings in focus
Wall Street opened higher on Wednesday (Aug 6), as ongoing optimism about Federal Reserve interest rate cuts kept markets afloat and…
Tag
Cut
Business
Gold extends gains on rate cut hopes, markets eye Fed appointments
Gold prices extended gains for a fifth straight session on Wednesday (Aug 6), helped by prospects of lower US interest rates, while…
Business
Europe: Shares end higher on earnings optimism, US rate cut hopes
EUROPEAN shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve…
Business
Wall Street and Global Markets Rise as Weak Jobs Data Fuels Fed Cut Expectations
Global markets climbed for a second consecutive day on Tuesday, on optimism that the U.S. Federal Reserve could cut rates as early as next…
Business
US: Wall Street opens higher on rate cut hopes; earnings in spotlight
Wall Street futures opened higher on Tuesday (Aug 5), supported by ongoing optimism over potential Federal Reserve interest rate cuts,…
Unsorted
Sats opens new cargo handling facility at Changi to cut processing time by 20%
Sats on Tuesday (Aug 5) opened a new air-cargo handling facility in Changi Airport, which is expected to cut minimum processing time for…
Business
Asia: Markets track Wall Street rally on Fed rate cut bets
Stock markets rose on Tuesday as investors grow increasingly confident the Federal Reserve will cut interest rates next month, despite…
Business
Gold rises as Fed rate cut bets pressure dollar, yields
Gold prices rose on Tuesday (Aug 5), after gaining in the last three sessions, supported by a weaker US dollar and lower Treasury yields…
Business
Amazon to cut Wondery staff, reorganise audio business
Amazon.com is breaking up the operations of its Wondery podcast network as part of a broad reorganisation of the business. About 110…
Unsorted
Starbucks plans kiosks to cut long lines at airport locations
Starbucks is working on adding ordering kiosks to busy locations in the US that cater to on-the-go customers. The Seattle-based coffee…
Business
Moderna to cut 10% of staff to offset slowing Covid business
[CAMBRIDGE, MASSACHUSETTS] Moderna is cutting about 10 per cent of its workforce, part of an effort by the struggling biotech company to…
Business
Merck to cut jobs and costs as demand for Gardasil in China remains weak
Drugmaker Merck on Tuesday (Jul 29) announced job and cost cuts it said will save US$3 billion a year as it posted lower second-quarter…
Business
Analysts downgrade SIA, cut price targets amid lower Q1 profit, Air India losses
Analysts downgraded their calls on Singapore Airlines (SIA) and slashed price targets for the national carrier after its profits plunged…
Business
HKMA to cut costs, freeze hiring as city battles deficit: report
Hong Kong’s de-facto central bank is planning to cut costs next year, according to a local news report, as the city takes steps to reduce…
Business
US Fed is set for contentious debate as investors eye fall rate cut
US Federal Reserve officials are determined to hold interest rates steady a little while longer, though an increasingly contentious debate…
Business
Indian tech company TCS to cut workforce by 2%, affecting more than 12,000 jobs
India’s largest IT services provider Tata Consultancy Services will reduce its workforce by 2 per cent in its 2026 financial year,…
Business
Tata Consultancy Services to cut workforce by 2%, affecting more than 12,000 jobs
India’s largest IT services provider Tata Consultancy Services will reduce its workforce by 2 per cent in its 2026 financial year,…
Business
Gold holds dip as traders pare rate cut bets on US job strength
held a decline on Friday - but remained on track for a small weekly gain - as resilient US jobs data reinforced views that the Federal…
Business
Intel says revenue rose as it cut ranks
Intel on Thursday posted quarterly revenue that topped market expectations, saying it has cut about 15 per cent of its workforce to be…
Unsorted
UBS loses EU fight over Credit Suisse’s role in ‘Sterling Lads’, but fine cut sharply
The tribunal cut the amount of the fine from 83.2 million euros to 28.9 million euros Group lost the crux of its case against European…
Business
ECB may wait until December to make final rate cut: survey
The European Central Bank (ECB) can delay its final interest-rate cut until December without investors concluding in the meantime that…
Business
Fed’s Waller wants July interest rate cut amid rising growth, job market risks
Federal Reserve governor Christopher Waller said on Thursday (Jul 17) that he continues to believe the US central bank should cut interest…
Business
Julius Baer seeks to cut bonuses of bankers with risky books: sources
The move comes as the Swiss lender’s top management seek to reset and put the bank on a path for growth after a string of missteps Julius…
Business
Scale AI to cut 14% of staff following Meta investment
Scale AI is laying off hundreds of employees from its data-labelling business, one-month after Meta Platforms invested US$14.3 billion in…