Business
South-east Asia’s key currencies set to strengthen in H2 2025 despite rate cuts
Investors are expected to favour major South-east Asian currencies, with economists projecting continued gains against the US dollar…
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Porsche cuts outlook as US tariffs, model revamp eat into profit
Porsche cut its outlook for the third time this year, with US President Donald Trump’s 15 per cent tariffs on European autos piling…
Business
HSBC cuts equities team in Germany as CEO Elhedery continues revamp
Europe’s largest financial institution has already culled dozens of analysts in its investment bank in the last couple of months Holdings…
Business
HSBC cuts equities team in Germany as CEO Georges Elhedery continues revamp
Europe’s largest financial institution has already culled dozens of analysts in its investment bank in the last couple of months Holdings…
Business
Euro zone economy holds up even as ECB speakers look to temper market view of no more cuts
The euro zone economy has remained resilient to the pervasive uncertainty caused by a global trade war, a slew of data showed on Friday…
Business
VW cuts outlook after US tariffs added 1.3 billion euros in costs
Volkswagen lowered its financial outlook for the year, with the escalating cost of President Donald Trump’s tariffs weighing on earnings…
Business
Rising affluence, rate cuts fuelling housing market, but economic uncertainty is a wild card: Knight Frank
Interest rate cuts, growing affluence and low unemployment rates spell good news for Singapore’s private residential market, but a…
Business
Rate cuts seen lifting Philippine bonds from Asia’s lowest ranks
Philippine bonds are poised to rebound from the bottom of Asia’s debt rankings, thanks to the central bank’s room to cut rates and their…
Business
Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals
Chevron cut 575 positions in the Houston area after it completed its US$55 billion merger with Hess, a Texas Workforce Commission filing…
Business
T Rowe favours Thailand, Malaysia bonds on scope for rate cuts
T Rowe Price Group likes local bonds in Thailand and Malaysia, betting that further monetary easing will outweigh currency gains as a key…
Business
Amazon’s AWS cloud computing unit cuts jobs
Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday (Jul 17), a spokesperson confirmed following a Reuters…
Business
Nvidia Surge Powers Nasdaq to Record High as Fed Minutes Signal Rate Cuts
Nvidia briefly crossed the $4 trillion market valuation mark on Wednesday and closed at $3.97 trillion, up 1.8%. This surge helped push…
Business
Intel cuts over 500 jobs in Oregon as part of layoff plan
Hillsboro, a suburb of Portland, is home to some of Intel’s biggest factories and research centres Intel is cutting more than 500…
Business
Reserve Bank of Australia poised for back-to-back rate cuts as tariffs darken outlook
Australia’s central bank is set to deliver its first back-to-back interest rates cuts in six years, stepping up its easing cycle as…
Business
Top S-Reits with lowest gearing ratios average 33.5% as investors await rate cuts
[singapore] Last month, the US Federal Reserve opted to maintain its benchmark interest rate, adopting a cautious stance despite…
Business
TikTok cuts more workers from US e-commerce division
US President Donald Trump has said he has a buyer lined up for the app, and just needs approval from the Chinese government for the sale…
Business
Microsoft lays off thousands in latest cuts to state's tech industry
There was more bad news for the tech sector Wednesday as Microsoft announced reductions to staff, preparing for thousands of layoffs…
Business
Microsoft begins deep job cuts across Xbox division
Microsoft’s gaming division began informing employees of job cuts on Wednesday (Jul 2) morning, part of a broader culling at the software…
Business
From banks to tech: Job cuts and layoffs for 2025
In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and…
Business
From banks to tech: Microsoft latest to announce job cuts, layoffs for 2025
In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and…
Business
Australia cuts commodity export outlook despite gold price gain
Earnings from thermal coal will also decline, while its steelmaking counterpart will hold steady Australia cut its forecast earnings from…
Business
Nissan’s new CEO faces investor grilling over job cuts, losses and mounting debt
NISSAN Motor chief executive officer Ivan Espinosa’s first shareholder meeting will be overshadowed by tough questions over tariffs,…
Business
US Federal Reserve split on whether to hedge on inflation, or proceed with cuts
The close split at the US Federal Reserve over whether to keep hedging against inflation risks or move forward faster with rate cuts came…
Business
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc. The quarter-point…