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Gold was subdued on Friday (Aug 15) and was heading for a weekly fall, as hotter-than-expected US inflation data dented expectations for a super-sized 50 basis points US interest rate cut…
Oil prices climbed about 2 per cent to a one-week high on Thursday after US President Donald Trump warned of “severe consequences” if his talks with Russian President Vladimir Putin on…
The reduction, focused on headquarters and back-office functions in markets outside of Japan Japanese advertising company Dentsu Group said it will cut about 3,400 jobs in markets…
EUROPEAN shares hit a near two-week high on Wednesday, underpinned by gains in heavyweight healthcare and technology stocks, as near-certain expectations that the US Federal Reserve will…
Wall Street’s main indexes opened higher on Wednesday (Aug 13) with the benchmark S&P 500 and the Nasdaq hitting record highs, underpinned by growing optimism that the Federal…
STOCKS in Asia were set to track Wall Street higher after an in-line US inflation reading bolstered speculation the Federal Reserve will have room to cut rates in September. Equity-index…
Australia’s central bank is poised to deliver its third interest-rate cut this year as inflationary pressures ebb, while governor Michele Bullock is expected to stick with her cautious…
US stocks ended higher and the Nasdaq notched a record closing high for the second straight day on Friday (Aug 8) as technology-related shares, including Apple, gained and as investors…
Gold prices edged higher on Thursday (Aug 7), helped by a weaker US dollar on growing expectations of a Federal Reserve rate cut next month, while investors awaited US President Donald…
Wall Street opened higher on Wednesday (Aug 6), as ongoing optimism about Federal Reserve interest rate cuts kept markets afloat and investors assessed a fresh wave of corporate earnings. …
Gold prices extended gains for a fifth straight session on Wednesday (Aug 6), helped by prospects of lower US interest rates, while investors looked forward to US President Donald Trump’s…
Wall Street futures opened higher on Tuesday (Aug 5), supported by ongoing optimism over potential Federal Reserve interest rate cuts, while investors assessed a fresh batch of…
Sats on Tuesday (Aug 5) opened a new air-cargo handling facility in Changi Airport, which is expected to cut minimum processing time for shipments by 20 per cent. The facility – which…
Stock markets rose on Tuesday as investors grow increasingly confident the Federal Reserve will cut interest rates next month, despite concerns about the US economy and Donald Trump’s…
Gold prices rose on Tuesday (Aug 5), after gaining in the last three sessions, supported by a weaker US dollar and lower Treasury yields following last week’s weak US jobs data that…
Amazon.com is breaking up the operations of its Wondery podcast network as part of a broad reorganisation of the business. About 110 people will lose their jobs because of the move,…
Starbucks is working on adding ordering kiosks to busy locations in the US that cater to on-the-go customers. The Seattle-based coffee chain has been exploring how to shorten lines at…
Long before Pedro Pascal stretched his limbs as Reed Richards/Mister Fantastic in “Fantastic Four: The First Steps,” it was Ioan Gruffudd who led Marvel’s first family in 2005’s “Fantastic…
President Donald Trump sent letters to the leaders of 17 major pharmaceutical companies outlining how they should slash US prescription drug prices to match those paid overseas, the White…
President Trump urged 17 major pharmaceutical companies to lower the cost of prescription drugs for Americans within two months, the White House announced Thursday. Source link
[CAMBRIDGE, MASSACHUSETTS] Moderna is cutting about 10 per cent of its workforce, part of an effort by the struggling biotech company to reduce spending as sales of its Covid…
The US Federal Reserve’s decision to defy President Donald Trump’s demands by keeping interest rates unchanged for the fifth straight time was broadly in line with market expectations. But…
The US Federal Reserve’s decision to defy President Donald Trump’s demands by keeping interest rates unchanged for the fifth straight time was broadly in line with market expectations. But…
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 results due to continuing weak demand for its…
