Business
CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed…
Tag
Cuts
Business
Australia’s central bank cuts rates to two-year low of 3.85%
Australia’s central bank on Tuesday (May 20) cut its main cash rate by 25 basis points to a two-year low of 3.85% citing a darker global…
Business
Asia: Markets rebound to track Wall Street up as China cuts rates
Asian markets rose on Tuesday as investor sentiment returned following the previous day’s US rating-fuelled losses, with sentiment also…
Business
China’s central bank cuts two key rates to historic lows
China’s central bank on Tuesday (May 20) cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid…
Unsorted
Blank questions, power cuts and a suicide: Nigeria's exams fiasco
The body which runs Nigeria's university-entrance exams has admitted to a "technical glitch" which compromised some results of this year's…
Business
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way…
Unsorted
Electronic Arts lays off hundreds of workers in latest round of cuts
Electronic Arts, the global video game company, is slashing its workforce again. The company, based in Redwood City, Calif., has…
Business
Bank of Japan keeps rates steady, cuts growth forecasts on US tariff hit
The Bank of Japan (BOJ) kept interest rates steady and sharply cut its growth forecasts on Thursday (May 1), suggesting uncertainty…
News
‘No one knew what to do’: power cuts bring chaos, connection and revaluation of digital dependency
“It felt like chaos,” said Iñigo, a doctor at a hospital in northern Spain. With no electricity from noon on Monday, the building’s…
Business
Thailand’s central bank cuts key rate by 25 bps
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…
Business
Thailand’s central bank cuts rate again; economy could face recession as US tariffs loom
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…
News
Cash, tinned food and radio news: Making it through one of Europe's biggest ever power cuts
The power is out and nothing is working. How am I supposed to get through the day? That was the question faced by millions of people on…
Business
Trump Blasts Federal Reserve Chairman Jerome Powell and Calls for Him to be Fired after Demanding Interest Rate Cuts to Boost Economy
Donald Trump intensified his longstanding conflict with Federal Reserve Chairman Jerome Powell as the President attacked him for not going…
Business
US dollar benefits from selling exhaustion, ECB cuts rates
THE US dollar rallied on Thursday (Apr 17) after its recent weakness across peer currencies appeared exhausted for the time being, while…
Business
ECB cuts rates again to help economy weather erratic US trade policy
The European Central Bank cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up an already struggling…
Business
Goldman cuts targets on China stocks for second time this month
The firm has long been bullish, often going against the tide during the market’s multiyear slump Strategists at Goldman Sachs cut their…
Business
Risks of bad loans, slowdown in region spark cuts in banks’ target prices; DBS downgraded to ‘sell’, OCBC, UOB get ‘hold’ rating
Analysts have downgraded their outlook on Singapore banks amid concerns of weaker loan growth and higher credit costs, as US President…
Business
DBS, OCBC, UOB tumble on potential rate cuts if economies slow
Shares of Singapore’s three local banks continued to slide on Monday (Apr 7), leading a broader market sell-off triggered by concerns over…
Business
UOB cuts interest rate on flagship One Account, joins OCBC in 360 Account cut
UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from…
Business
Grubhub cuts 23% of staff after Wonder deal, signals changes
GRUBHUB is cutting about 23 per cent of its workforce and set the stage for more changes at the company following its takeover by Wonder…
Business
More tech layoffs hit Bay Area, as HP, Autodesk announce job cuts
Another round of layoffs hit the Bay Area’s volatile tech industry. HP Inc. plans to lay off up to 2,000 more employees as the company…
Business
Mercedes-Benz plans workforce cuts in China by 2027
Mercedes-Benz might be the next German automaker to lose out in the Chinese market. According to a recent Reuters report from an anonymous…
Business
Bank of Korea cuts rate to boost demand as Trump tariffs cast shadow
THE Bank of Korea (BOK) cut its benchmark interest rate in a widely expected move to support an economy jolted by political turmoil and…
Business
Starbucks cuts 1,100 corporate jobs in bid to speed turnaround
STARBUCKS is eliminating 1,100 corporate jobs in a move aimed at increasing efficiency and quickly enacting changes to revitalise the…