Business
US: S&P 500, Nasdaq hit record highs at open on September rate cut hopes
Wall Street’s main indexes opened higher on Wednesday (Aug 13) with the benchmark S&P 500 and the Nasdaq hitting record highs, underpinned…
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Business
Asia: Stocks to gain as US CPI fuels Fed cut bets
STOCKS in Asia were set to track Wall Street higher after an in-line US inflation reading bolstered speculation the Federal Reserve will…
Business
US: Nasdaq posts record closing high with tech gains, rate cut optimism
US stocks ended higher and the Nasdaq notched a record closing high for the second straight day on Friday (Aug 8) as technology-related…
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…
News
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
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
Tata Consultancy Services to cut workforce by 2%, affecting more than 12,000 jobs
— India’s largest IT services provider Tata Consultancy Services (TCS) will reduce its workforce by 2 per cent in its 2026 financial year,…
News
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…
News
Texas officials cut flood missing count to 3 people
Texas officials have dramatically reduced the number of people reported missing from the catastrophic July 4th floods in Kerr County from…
News
Drone strikes shut oilfields in Iraq's Kurdistan, cut output by up to 150,000 bpd
Smoke rises after a drone attack targeted oil facilities in the Zakho area of Iraq Several oilfields halted operations due to significant…
Politics
France's prime minister wants to cut 2 public holidays to save money for the indebted economy
PARIS (AP) — France’s prime minister proposed on Tuesday the elimination of two public holidays from the country’s annual calendar —…
News
India plans to kickstart rare-earth output to cut China reliance
A proposed plan by India to spur local production of rare-earth magnets has drawn initial interest from a clutch of large conglomerates,…
Politics
NEA delegates vote to cut ties with Anti-Defamation League
The National Education Association has voted to break with the Anti-Defamation League, seeking to end a decades-long partnership on…
Politics
Trump Threatens to Cut Aid to Israel for Stunning Reason
Even the Iranians are surprised by how little damage Donald Trump’s bombs apparently did. An intercepted communication between Iranian…
Business
US: S&P 500, Nasdaq hit record closing highs amid trade negotiations, rate cut bets
Wall Street extended its rally on Friday (Jun 27), sending S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fuelled…
Business
Gold heads for weekly fall as fewer Fed rate cut prospects weigh
GOLD prices fell on Friday and were on track for a weekly decline, as an overall stronger dollar and the prospect of fewer US interest…
Business
BNP to cut 200 branches by end of 2026 to kick off retail revamp
BNP Paribas chief executive officer Jean-Laurent Bonnafe plans to cut hundreds of domestic retail branches in an effort to lift…
Business
India focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction,…
Politics
Elon Musk Yanks SpaceX Program After Trump Threatens to Cut Contracts
“Chinese President Xi Jinping on Thursday held phone talks with U.S. President Donald Trump at the latter’s request,” China’s U.S. Embassy…
Business
Procter & Gamble to cut 7,000 jobs over two years in new restructuring plan
Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as…
Business
Citi to cut 3,500 technology jobs in China as part of global revamp
— Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as…
Business
STMicro to cut 5,000 jobs in next 3 years, says CEO
STMicroelectronics expects 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced earlier this year,…
Politics
Trump's big bill will cut taxes by $3.7T and add $2.4T to deficit, budget office says
President Trump's big bill making its way through Congress will cut taxes by $3.7 trillion but also increase deficits by $2.4 trillion…
Business
Japan’s top banks said to mull joint ATM operation to cut costs
Bank, Sumitomo Mitsui Banking and Mizuho Bank are considering jointly operating automated teller machines (ATMs) to reduce costs, said…