Business
ECB policymakers line up behind further interest rate cuts
EUROPEAN Central Bank policymakers lined up behind further interest rate cuts on Wednesday (Jan 22), indicating that next week’s reduction…
Tag
Cuts
Business
UBS CEO signals job cuts will continue in quest to lower costs
UBS Group chief executive officer Sergio Ermotti said he will keep cutting headcount in the wake of the historic acquisition of Credit…
Business
Philippine finance chief sees slower rate cuts on global risks
PHILIPPINE Finance Secretary Ralph Recto said the nation’s central bank will continue to deliver interest rate cuts this year, but they…
Business
Bank of Korea cuts growth view on political instability, Trump impact
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
VIETNAM’S authorities are planning a series of reforms to lure more overseas investors to the stock market in an effort to ensure…
Politics
Republicans Want to Punish Divorced People to Fund Tax Cuts
“But I want to protect ourselves, our most recent examples of domestic terrorism were not what we have spent the majority talking about…
Politics
Republicans Reveal Dark Plan to Let Kids Go Hungry to Fund Tax Cuts
Republicans are looking to gut and slash federal programs in order to afford an extension to Donald Trump’s 2017 tax plan. The extension,…
Politics
US Debt Faces Record as Trump and GOP Plan Tax Cuts
The United States is poised to add trillions of dollars to the national debt over the next decade as the mounting costs of social safety…
Politics
What Did Trump’s Tax Cuts Do?
Seven years ago, when Republicans passed the most significant overhaul of the tax code in a generation, they were sure the law would…
Business
Gold headed for weekly gains on revived hopes of Fed rate cuts
Gold prices firmed on Friday (Jan 17) and were headed for a third straight week of gains after US data this week hinted that the Federal…
Business
Citigroup cuts more jobs in push to meet CEO Jane Fraser’s expense goals
CITIGROUP eliminated more jobs this week, just as executives were announcing new share buybacks and doubling down on chief executive…
Business
HSBC warns of bonus cuts as cost of restructuring looms
HSBC Holdings is set to buck an industrywide trend of higher banker bonuses as it gears up for a multibillion-US dollar cost reduction…
Business
BP cuts over 5% of workforce in CEO cost cut drive
BP announced on Thursday (Jan 16) that it will cut around 4,700 staff, or over 5 per cent of its total workforce, as part of CEO Murray…
Business
Europe: Stocks dip to one-week low amid speculation over Fed rate cuts
EUROPEAN shares fell to a one-week low on Monday (Jan 13) amid a broader market sell-off as global equities came under pressure following…
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…
Politics
Republicans Plan Deadly Cuts to Government as L.A. Fires Spread
House Republicans have begun devising plans to slash health care and environmental protections as wildfires engulf Los Angeles County. The…
Business
Fed minutes show officials were eager to slow interest-rate cuts
FEDERAL Reserve officials in December adopted a new stance on rate-cutting amid elevated inflation risks, deciding to move more slowly in…
Politics
Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.
Republicans are preparing to cut taxes, slash spending and slow immigration in a broad agenda that will require unifying an unruly party…
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
Opec output dips in December as UAE improves delivery of cuts
ORGANIZATION of Petroleum Exporting Countries ‘s (Opec) crude production dipped last month as the United Arab Emirates stepped up…
News
OCBC says healthcare S-Reits offer defence amid slower rate cuts, names top picks
INVESTORS should consider buying healthcare Singapore-listed real estate investment trusts (S-Reits) to strengthen their portfolios, an…
News
China AI firm SenseTime cuts back on Singapore office space: sources
SENSETIME Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time when it’s struggling to compete…
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…