Business
DBS CEO Piyush Gupta sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut about 4,000 of its contract and temporary staff workforce over the next three years as artificial…
Tag
Cuts
Business
From tech to financial services: Layoffs and job cuts in 2025
RETRENCHMENTS and unemployment have been widespread in the first two months of 2025, with job cuts announced across various industries.…
Unsorted
PBOC’s policy flip-flop sows confusion over timing of rate cuts
AT A rare press briefing back in September, China’s central bank chief Pan Gongsheng unveiled a stimulus blitz that spurred optimism for…
Business
Australian central bank cuts rates for first time since November 2020
Inflation has dropped from a peak of 7.8 per cent in December 2022 and now sits at 2.4 per cent, according to the RBA AUSTRALIA’S central…
Business
Meta layoffs hit Singapore as tech giant cuts global workforce
JOB cuts by social media giant Meta have hit Singapore, according to public posts on professional networking platform LinkedIn and sources…
Business
Lower inflation wouldn’t assure rate cuts, Fed’s Lorie Logan says
US FEDERAL Reserve Bank of Dallas president Lorie Logan urged policymakers to remain cautious in the coming months, reiterating lower…
Business
Nvidia cuts stake in Arm Holdings, discloses position in China’s WeRide
NVIDIA reduced its stake in British chip firm Arm Holdings by about 44 per cent and exited its holdings in Serve Robotics and SoundHound…
Unsorted
Federal Worker Drops Bombshell: Elon Musk's Visit Led to 50% Job Cuts and Secret Takeover!
A video of a federal worker sharing his experience after Elon Musk's visit to his agency has gone viral, sparking a heated debate about…
Business
Vanguard’s record fee cuts tighten screws on BlackRock, Invesco
VANGUARD Group’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice.…
Business
German workers at carmaker VW meet for first time since deal on cuts
The Volkswagen logo is seen on the roof of the VW brand tower. Volkswagen workers gathered at the company's headquarters in Wolfsburg on…
Business
Nintendo cuts outlook for final months before Switch 2 debut
Nintendo revised its full-year forecast down after profit and revenue plummeted over the holiday period, with gamers increasingly looking…
News
DOJ halts legal programs for detained immigrants, cuts off advocates' access to facilities
Lawyers providing detainees with basic legal information in federal immigration detention centers were shut out of facilities last week…
Unsorted
President cuts short Davos trip as DR Congo fighting rages
The Democratic Republic of Congo's president has cut short his trip to the World Economic Forum in Davos as a deadly conflict escalates…
Business
ECB policymakers line up behind further interest rate cuts - The Business Times
EUROPEAN Central Bank policymakers lined up behind further interest rate cuts on Wednesday (Jan 22), indicating that next week’s reduction…
Business
UBS CEO signals job cuts will continue in quest to lower costs - The Business Times
UBS Group chief executive officer Sergio Ermotti said he will keep cutting headcount in the wake of the historic acquisition of Credit…
Business
Bank of Korea cuts growth view on political instability, Trump impact - The Business Times
THE Bank of Korea (BOK) cut its growth forecast for this year as the political turmoil triggered by President Yoon Suk-yeol’s short-lived…
Business
Vietnam plans tax breaks, fee cuts to lure overseas investors - The Business Times
VIETNAM’S authorities are planning a series of reforms to lure more overseas investors to the stock market in an effort to ensure…
Business
US: Wall St opens lower as investors dial back bets on Fed rate cuts this year
Wall Street’s main indexes opened lower on Monday (Jan 13), as yields surged after robust payroll numbers last week bolstered expectations…
Business
Bridgewater cuts 7% of staff in effort to remain ‘nimble’
BRIDGEWATER Associates dismissed 7 per cent of its workforce on Monday (Jan 6) as the world’s biggest hedge fund seeks to remain lean and…
Business
RHB cuts IReit target to S$0.34; flags potential privatisation on further unit price declines
RHB Research has lowered its target price on IReit Global to S$0.34 from S$0.40 previously, as it expects the real estate investment…
Business
Layoffs and job cuts in Singapore in 2024
RETRENCHMENT and unemployment in Singapore eased in the third quarter, but the current quarter posted some prominent layoffs. From the…
Business
China keeps key rate steady with traders expecting cuts in 2025
CHINA kept a key interest rate unchanged – a move widely expected by economists – as it seeks to keep its powder dry ahead of possible…
Business
Analysts optimistic on Asian equities, bonds even as US Fed signals fewer rate cuts
They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility…
Business
Analysts optimistic on Asian equities, bonds even as Fed signals fewer rate cuts
They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility…