Asian traders cheer US rate cut but gains tempered by outlook
MOST Asian markets rose on Thursday as traders welcomed the Federal Reserve’s third straight interest rate cut, though the euphoria was tempered by an indication officials could hold off…
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Divided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds
The pace of price increases has risen steadily from 2.3 per cent in April, above the Fed’s 2 per cent inflation target A sharply divided Federal Reserve cut interest rates on Wednesday but…
PepsiCo to cut prices and 20% of products under a new deal
PepsiCo plans to cut prices and eliminate some of its products under a deal with an activist investor announced Monday. The Purchase, New York-based company, which makes Cheetos, Tostitos,…
Wall Street subdued at open as Fed rate cut decision nears
Wall Street’s main stock indexes were subdued at the open on Tuesday (Dec 9) as investors awaited the Federal Reserve’s policy decision, while Nvidia shares were whipsawed by contrasting…
India aviation regulator asks IndiGo to cut 5% of winter flights
The government has launched an investigation into how the airline ended up in its predicament India’s aviation regulator ordered IndiGo to cut flights by 5 per cent on high-capacity routes…
US stocks open higher as investors await Fed rate cut decision
Wall Street’s main indexes opened modestly higher on Monday (Dec 8) as investors priced in expectations that the Federal Reserve will deliver a long-awaited rate cut later this week in a…
Oil hovers near two-week highs on expected US interest rate cut, geopolitical risk
Oil prices hovered at two-week highs on Monday (Dec 8) as investors expect a likely US Federal Reserve interest rate cut this week to lift economic growth and energy demand, while…
Asian stocks stagger as traders prepare for expected US rate cut
Asian equities drifted on Monday (Dec 8) as investors gear up for an expected US interest rate cut this week, with debate centring on the likelihood the US Federal Reserve will continue…
UBS may cut further 10,000 jobs by 2027: report
The bank has been cutting jobs as a result of the integration of former rival Credit Suisse UBS may cut an additional 10,000 jobs by 2027, Swiss paper SonntagsBlick reported on Sunday (Dec…
Fed likely to trim rates again this week, but it could be a ‘hawkish’ cut
Futures markets are pricing in a near certainty that it will cut rates by another quarter of a percentage point, bringing them down to a range of between 3.5% and 3.75% THE US Federal…
US: Wall St closes with slight gains as data keeps Fed cut expectations on track
US stocks closed out the trading week with slight gains on Friday (Dec 5) as the latest flurry of economic data kept elevated expectations for a Federal Reserve interest rate cut next week…
Europe: Shares clock weekly gains on ongoing Fed cut optimism
European shares were little changed on Friday (Dec 5) and ended the week with modest gains, while investors evaluated a long-delayed US inflation report that reinforced expectations for a…
‘Sholay: The Final Cut’ Trailer Unveiled Ahead of Golden Anniversary Release (EXCLUSIVE)
The trailer for “Sholay: The Final Cut” has been unveiled, previewing the Dec. 12, 2025 worldwide theatrical release of India’s most celebrated blockbuster in its 50th anniversary year.…
Asian markets mixed ahead of US data, expected Fed rate cut
Focus is now on the release later Friday of the personal consumption expenditures index Asian markets struggled into the weekend on Friday (Dec 5) following a bland lead from Wall Street…
Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling
US crude futures briefly rose more than US$1 a barrel earlier in the session as global shares rose Oil prices settled up on Thursday (Dec 4) on investors’ expectations for the Federal…
Meta stock price: META rises on report that Zuckerberg will cut up to 30% of metaverse division
Shares of Meta Platforms, Inc. (META) rose on Thursday after Bloomberg reported the technology company was planning to cut spending across its division by 10%, with as much as 30% cuts to…
Meta’s Zuckerberg plans 30% budget cut to metaverse unit, potentially triggering January layoffs: sources
The proposed metaverse cuts are part of the company’s annual budget planning for 2026 Meta Platforms’ Mark Zuckerberg is expected to meaningfully cut resources for building the so-called…
Rio Tinto outlines plan to cut costs, raise productivity at strategy day
Rio Tinto CEO Simon Trott outlined a plan to focus on cost cuts and productivity gains at his first strategy day on Thursday (Dec 4) as he undertakes a divestment plan to simplify the…
Asian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks Asian markets struggled to maintain their early momentum on Thursday (Dec 4), even after the latest…
Indexes close higher as data keeps Fed rate cut expectations elevated
US stocks advanced to close higher on Wednesday (Dec 3), as a flurry of economic data kept expectations elevated for an interest rate cut by the Federal Reserve next week, while a fall in…
Stock market hovers near all-time high on Fed rate cut expectations and retail rally
The U.S. stock market is drifting near its record levels on Wednesday following mixed reactions to profit reports from Macy’s, Marvell Technology, and other companies. The S&P 500 rose…
Philippines' slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter A slower growth outlook for the Philippines raises the chances of another policy rate cut at a…
Major Chinese banks cut high-yield deposit products to ease margin pressure
Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their offerings, in an effort to cut costs and offset margin…
Equities climb on Fed rate cut optimism, Boeing surges
US stocks closed higher to record their sixth gain in seven sessions in muted trading on Tuesday (Dec 2), buoyed by gains in technology shares as expectations the US Federal Reserve will…