Euro set for deeper decline as market sees more ECB cuts
Traders are ramping up bets for a deeper divergence between European and US interest rates, setting the euro on a clear path for further weakness. The currency fell to its lowest in nearly…
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Cuts
Markets price in fewer rate cuts as Fed holds on tariff uncertainty, persistent inflation
Industry watchers expect that lack of clarity over Trump’s policies will continue to weigh on US central bank’s movements GLOBAL markets are pricing in fewer rate cuts for the year as the…
As Trump cuts federal jobs, even national parks are on the chopping block
As the Trump administration rushes to cut spending and eliminate federal jobs, even the people who work at the national parks — among the country’s most beloved and least politicized…
Nissan plans job, output cuts at Mississippi, Tennessee plants
NISSAN Motor is eliminating a work shift at two US vehicle assembly plants and trimming its hourly staff via buyouts, a downsizing to align its output with lower sales volumes as it mulls…
Justice Dept. halts legal programs for detained immigrants, cuts off advocates' access to facilities
Lawyers providing detainees with basic legal information in federal immigration detention centers were shut out of facilities last week after the U.S. Department of Justice halted several…
US Air Force cuts training course on Tuskegee and female WWII pilots
The U.S. Air Force removed training courses with videos of its Tuskegee Airmen and the Women Airforce Service Pilots (WASP) on Saturday in response to President Donald Trump's executive…
CNN eyes 200 job cuts, streaming overhaul
US NEWS network CNN will shed six per cent of staff, some 200 people, the outlet said on Thursday as it embarks on a major shakeup of staffing and programming amid a deluge of political…
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 Suisse. The Swiss lender seeks to shed another US$5.5…
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 that the Federal Reserve will maintain a hawkish…
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 maintain the flexibility to hire top talent,…
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 trust’s (Reit) near-term distribution per unit (DPU) to…
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 beverage sector to consumer electronics and…
China keeps key rate steady with traders expecting cuts in 2025
CHINA kept a key interest rate unchanged – a move widely expected by economists – as it seeks to keep its powder dry ahead of possible escalation in trade tensions with the US. The…
Indonesia weighs deep cuts to nickel mining to boost prices
INDONESIA is considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the battery metal, according to sources familiar with the matter. The Energy and Mineral…
Analysts optimistic on Asian equities, bonds even as US Fed signals fewer rate cuts
They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility ALTHOUGH the “hawkish” interest rate cut by the US…
Analysts optimistic on Asian equities, bonds even as Fed signals fewer rate cuts
They note strong long-term outlook for banking, manufacturing sectors here, and add bond investors will benefit from less volatility ALTHOUGH the “hawkish” interest rate cut by the US…
HKMA cuts interest rate, tracking US Fed move
Hong Kong interest rates could remain at relatively high levels for some time, says chief executive THE Hong Kong Monetary Authority (HKMA) on Thursday (Dec 19) cut its base interest rate…
GameStop reports third-quarter profit on spending cuts
GAMESTOP reported a third-quarter profit on Tuesday (Dec 10) as the video game retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods. Chief…
India central bank holds rates steady; cuts banks’ cash reserve ratio
THE Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday (Dec 6) but cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary…
Wall Street banks predict biggest China rate cuts in a decade
CHINA’S central bank will deliver the biggest interest-rate cuts in a decade next year as policymakers intensify efforts to shore up growth and arrest deflation, in the view of a number of…
Airbus cuts 2,000 Defence and Space jobs, taming earlier plans
AIRBUS announced just over 2,000 job cuts in Defence and Space, or about 5 per cent of its second-largest division, as it reels from US competition in the satellites sector but the cuts…
DBS sees risk assets in ‘sweet spot’ as inflation moderates and rate cuts loom
THE current economic environment is in a “sweet spot” for risk assets, said DBS senior investment strategist Daryl Ho, citing moderating inflation and the potential for gradual interest…
Chad cuts military agreement with France
Chad has said it is terminating a key defence cooperation agreement with France, raising questions about Paris’s waning influence in Africa's embattled Sahel region. Chadian Foreign…
UBS cuts four loan bankers in Singapore, Hong Kong as deal flow slows
UBS Group cut four loan syndication bankers in Asia, according to people familiar with the matter, as elevated funding costs cast a pall over the market. The individuals, who joined as…