NAB to cut 410 support roles, shift some bank work to India
Australian lenders are slashing headcount as falling benchmark interest rates put pressure on margins National Australia Bank (NAB), the nation’s second-largest lender by market value, is…
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Dutch government plans to cut ABN Amro stake to about 20%
The Dutch government is embarking on another reduction in its stake in ABN Amro Bank as it continues to gradually pare its holdings in the lender it bailed out during the financial crisis.…
India’s RBI cut US debt, bought gold even before Trump’s tariffs
Central banks have been boosting gold purchases to reduce their risks to the US dollar as global growth becomes more uncertain India’s central bank steadily reduced its purchases of US…
China’s green push may cut global fossil use by 2030: report
The Asian nation is disproving the notion that green goals and economic growth are at odds, according to the report The stage may be set for the world’s use of fossil fuels to begin…
US: Wall St opens higher as Fed rate cut expectations firm
Wall Street’s main indexes opened higher on Monday (Sep 8), rebounding from the previous session’s decline, amid hopes that the Federal Reserve could lower borrowing costs soon in response…
Singapore stocks end flat amid regional rally amid US rate cut expectations
Local stocks ended flat on Monday (Sep 8) while Asian markets rallied amid expectations that the US will cut rates in September, given a weak jobs report. The benchmark Straits Times Index…
Singapore stocks rally as investors price in September Fed rate cut; STI up 0.2%
The local bourse logged gains for a second straight day on Friday (Sep 5), closing higher alongside regional markets amid expectations that weak US job market data will cement a September…
Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AI
Artificial intelligence already is replacing certain jobs at technology companies. Last week, Salesforce Chief Executive Marc Benioff said the San Francisco software giant was able to…
‘Nikko’ cut from new name of US$260 billion Japanese asset manager
Nikko Asset Management is changing its name to Amova Asset Management, removing “Nikko” for the first time since it was founded in 1959 in a sign the company is willing to leave…
Jeremy Strong’s Meme-Bait Monologue Cut From Springsteen Biopic ‘Deliver Me from Nowhere’: No More ‘Hole in the Floor’
Becoming a meme doesn’t guarantee you make it into the final cut. Jeremy Strong fans will learn this the hard way come October 24, when “Springsteen: Deliver Me From Nowhere” hits…
Venice’s Final Cut Boosts Emerging African, Arab Talents and Offers ‘Window’ Into Underrepresented Regions
When she approached Venice Film Festival artistic director Alberto Barbera 13 years ago with a proposal for a market event devoted to films from Africa and the Middle East, industry…
Bank of Korea holds for now, lays ground for rate cut after Fed
The Bank of Korea (BOK) paved the way for a possible interest rate cut after an expected move by the Federal Reserve next month, while taking advantage of a modest uptick in the economy to…
Woody Allen Defends Russian Film Festival Appearance After Ukraine Calls It a ‘Disgrace’: Putin’s War Is ‘Appalling,’ But You Can’t Cut Off Artistic Conversation
Woody Allen is defending his controversial appearance at Russia’s Moscow International Film Week, which prompted Ukraine’s Foreign Ministry to slam the director as a “disgrace” amid…
This Controversial Harry Potter Character Needs To Be Cut From the Upcoming HBO Series
Harry Potter is about to re-enter the pop culture stage, thanks to HBO; the new Harry Potter television series is currently filming in London, bringing a new version of the boy wizard's…
Barclays, BNP pivot to September Fed rate cut on Powell’s labour warning
Barclays and BNP Paribas expect the US Federal Reserve to make a 25-basis-point interest rate cut in September, according to notes dated on Friday (Aug 22), citing chair Jerome…
Asia: Markets rise on US rate cut hopes
Asian markets kicked off the week with a rally on Monday (Aug 25) morning, tracking gains made by Wall Street on Friday after the US central bank chief suggested coming interest rate cuts.…
US Fed’s Alberto Musalem says more data is needed to decide whether a September rate cut is warranted
St Louis Fed president Alberto Musalem said on Friday (Aug 22) he will need more data before deciding to support a rate cut at the Fed’s Sep 16 to 17 meeting given that inflation is above…
US: Dow hits fresh record after Fed chair signals possible rate cut
Wall Street rallied on Friday (Aug 22) after US Federal Reserve chair Jerome Powell opened the door to lowering interest rates – with the Dow closing at a fresh record for the…
Europe: Shares close at five-month highs after Powell hints at September rate cut
European shares closed at their highest level in more than five months on Friday (Aug 22) after US Federal Reserve chair Jerome Powell pointed to a possible September interest rate cut in…
Supreme Court sides with Trump’s anti-DEI efforts to cut $783 million in research funding
The Trump administration can slash hundreds of millions of dollars’ worth of research funding in its push to cut federal diversity, equity and inclusion efforts, the Supreme Court decided…
Fed officials lukewarm on September rate cut as markets await Powell speech
Three Federal Reserve officials appeared lukewarm on Thursday to the idea of an interest rate cut next month, as investors geared up for US central bank chief Jerome Powell’s speech to the…
US banks cut back muni exposure to lowest since financial crisis
US banks are holding the smallest share of debt sold by states and localities since the financial crisis despite attractive valuations and a heavy flow of new bond sales. In total, banks…
Jerome Powell eyes long-awaited rate cut in September
The Federal Reserve is increasingly likely to cut interest rates at its meeting in September, as worries about potential inflation compete with new concerns about a slowdown in hiring.…
Australian biotech giant CSL to spin off vaccine unit Seqirus, cut 15% of workforce
While the Melbourne-based company employs around 32,000 people, no firm number was put on the job cuts Australian biotech giant CSL said that it will spin off its Seqirus vaccine…