Business
US: Wall St opens higher after Fed indicates more rate cuts
Wall Street’s main indexes opened higher on Thursday (Sep 18), a day after the US central bank delivered a quarter-point interest rate…
Tag
Cuts
Business
BOE holds rates at 4%, keeps cautious stance on future cuts
Policymakers also voted to reduce the pace at which the BOE is reducing its government bond holdings The Bank of England held interest…
Business
Hong Kong central bank cuts interest rate, tracking Fed; banks follow
Hong Kong’s central bank on Thursday (Sep 18) lowered its base interest rate by 25 basis points to 4.5 per cent, tracking a cut by the US…
Business
Asia: Markets fluctuate after Fed cuts interest rates
EQUITIES wavered in Asia on Thursday after the Federal Reserve lowered interest rates but left investors wondering how many more cuts were…
Business
Deutsche Bank sees gold at US$4,000 next year on Fed cuts, China
Deutsche Bank expects gold to average US$4,000 an ounce in 2026, as US Federal Reserve rate cuts and buying by China’s central bank ensure…
Business
Bank of Canada cuts rates to 2.5%, says ready to cut again if risks rise
The Bank of Canada reduced its key policy rate to a three-year low of 2.5 per cent on Wednesday (Sep 17), the first cut in six months, and…
Business
US Fed lowers interest rate by 25 basis points, signals more cuts ahead
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and indicated it will steadily lower borrowing…
Business
Global Markets Cautious as Fed Set for Rate Cuts; Asian Stocks Mixed
Asian markets started the week cautiously on Monday, with indexes showing mixed performance. EUROSTOXX 50 futures rose 0.1%, while FTSE…
Business
Markets gear up for series of Fed cuts with bullish bets at risk
Markets have also priced in reductions continuing deep into 2026 to ward off a recession A key question for investors this week is whether…
Business
S-Reits deliver double-digit total returns in Q3 as investors await rate cuts
Real estate investment trusts in Singapore (S-Reits) rebounded strongly in the third quarter to date, with the iEdge S-Reit index…
Unsorted
UK publisher of Daily Express, Mirror tabloids announces job cuts
The British media group which owns the Daily Express and Daily Mirror tabloids on Monday announced 186 net job cuts across its…
Business
Bank of America sees two US Fed rate cuts this year vs none before
Economists at Bank of America forecast two US Federal Reserve interest-rate cuts this year, in September and December, based on weak…
Business
Job cuts jump 66% year to date; DOGE, uncertainty and AI are major factors
Job cuts so far this year have already surpassed the total for 2024, as government cost-cutting, economic uncertainty and AI have prompted…
Business
Malaysia’s central bank pauses rate cuts, signals confidence in economic outlook
Bank Negara Malaysia left its benchmark interest rate unchanged at 2.75 per cent on Thursday (Sep 4), noting that the global economy is…
Business
Tesla cuts price of new Model 3 in China as moment of truth nears for variant strategy
Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to…
Business
ANZ mulls up to 5,000 job cuts in bank revamp: report
Group is mulling a reduction in headcount by as many as 5,000 people as part of a wider restructure under chief executive officer Nuno…
Business
Spirit Airlines bankruptcy tees up painful cuts in survival bid
Spirit Aviation Holdings’ second bankruptcy filing in a year signals that the low-cost carrier is finally facing up to the painful steps…
Business
Federal Reserve’s Waller sees rate cuts over next 3-6 months, starting in September
FEDERAL Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term US borrowing costs, saying he would…
Business
Australia’s RBA signals more rate cuts ahead, pace undecided
Australia’s central bank board judged further policy easing would likely be needed over the coming year when it cut rates this month, and…
Business
Asian Stocks Rise as Investors Await Nvidia Earnings and Fed Rate Cuts
Asian stocks rose on Monday, led by a surge in China and modest optimism over potential interest rate cuts in the United States. MSCI's…
Lifestyle
Changi Travel Services cuts 30 staff amid market shifts
Changi Travel Services (CTS) is laying off 30 staff as part of an ongoing restructuring process to tackle changing market conditions, it…
Business
Singapore shares rise as market eagerly awaits signals of interest rate cuts; STI up 0.3%
Singapore shares rose on Thursday (Aug 21), as the market awaits for hints from US Federal Reserve chairman Jerome Powell about the future…
Unsorted
Estee Lauder cuts some prices despite the continued tariff toll
Estee Lauder is lowering prices on some items to boost sales, an unusual move at a time when many US consumer companies are raising prices…
Business
Commonwealth Bank of Australia reverses job cuts decision over AI chatbots
Lenders around the world are grappling with the use of artificial intelligence and its impact on jobs Commonwealth Bank of Australia (CBA)…