Wall Street opens higher as investors mull Fed rate cuts
Wall Street’s main indexes opened slightly higher on Thursday (Dec 4) as investors parsed a fresh batch of labour market data to gauge the odds of a much-anticipated Federal Reserve…
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Cuts
California hammered as national job cuts jump to a five-year high
Job cuts across the country are the highest they have been in five years, led by layoffs in California and cutbacks in Washington. California employers announced 173,022 job cuts from…
Airbus cuts 2025 delivery target after issues with top-selling jet
Airbus cut its 2025 delivery target to around 790 commercial aircraft on Wednesday (Dec 3), 30 fewer than previously expected, but maintained financial goals following a quality issue with…
GXS cuts about 10% of workforce in rightsizing exercise
Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce across the group. This exercise is part of the group’s transition from the early growth stages of building a bank…
Grab-Singtel’s GXS bank cuts about 10% of workforce as it moves on from early-stage operations
Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si Digital bank GXS is cutting 82 jobs or about 10 per cent of its workforce…
Amazon cuts seller fees in Europe in Shein, Temu price war
Amazon is cutting the fees it charges sellers in Europe as it responds to competition from marketplaces such as Shein and Temu that sell clothes, homeware and gadgets at rock-bottom…
BOE cuts banks’ benchmark capital requirements ahead of review
The Bank of England has cut its estimate of how much capital the UK’s banking sector needs for the first time in a decade, and signalled a consultation that could free up extra lending and…
Aletheia Capital downgrades Wilmar to ‘sell’, cuts target to S$2.50 on legal woes
Aletheia Capital has lowered its rating on Wilmar International from “buy” to “sell” on the belief that the agribusiness group’s recent legal woes obscure its “earnings recovery narrative”…
Bank Indonesia seeks rate cuts while balancing stability, growth
Tariff worries have made the rupiah South-east Asia’s worst-performing currency this year Bank Indonesia (BI) will strike a balance between encouraging currency stability and supporting…
McKinsey cuts about 200 tech jobs, shifts more roles to AI
The company is not ruling out additional reductions across different functions over the next two years McKinsey & Co cut about 200 global tech jobs in the past week as the consulting firm…
New Zealand central bank cuts cash rate by 25 bps to 2.25%
Policymakers signal likely end to easing cycle as economy shows early signs of picking up New Zealand’s central bank cut its benchmark official cash rate (OCR) by 25 basis points to 2.25…
Major Indonesia nickel plant cuts output as waste piles up
HPAL producers have also been contending with the higher cost of sulphur, a chemical used to produce acid A majority Chinese-owned plant at Indonesia’s most important nickel site is…
How ‘Sesame Street’ is navigating funding cuts, new media habits, and leaving HBO for Netflix
As Sesame Street’s 56th season gets underway, Elmo, Big Bird, and the Sesame organization are navigating a volatile chapter in the show’s history—marked by government funding cuts,…
Deutsche Bank’s DWS cuts Asia private credit team: sources
Despite the retreat from Asia private credit, DWS sees alternatives driving growth and plans hires in Singapore DWS Group, an asset management arm of Deutsche Bank, has dismissed its…
Malaysian ringgit, Thai baht set to benefit from rate cuts in 2026: DBS report
Countries have also bypassed US to trade with one another in view of tariff risks DBS analysts are upbeat about the region’s prospects for 2026, forecasting that Asian currencies will…
Home Depot misses third-quarter earnings expectations, cuts outlook
Home Depot‘s third-quarter was mixed with fewer violent storms reaching shore, more anxiety among U.S. consumers, and a housing market that is in a deep funk. The company lowered its…
US: Wall Street tumbles as Nvidia slides, investors fret that Fed may slow rate cuts
WALL Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries and…
Firelight Media Chief Doubles Down Amid Trump Threats and Federal Cuts: ‘Documentary Film Is Not a Luxury’
It’s been a stressful year for Firelight Media, the nonprofit that supports documentary filmmakers of color. In September, the company lost 41% of its annual funding when monies provided…
This wind-powered cargo ship cuts emissions by 90%. Its real win is at ports
It looks more like a racing yacht than a cargo ship. But this new 100% wind-powered vessel will soon begin bringing goods from Europe to the U.S.—and could make deliveries faster than…
Maybank cuts Sea target price by 9.3% on softer Shopee margins, despite consensus-beating Q3 earnings
Maybank Research slashed its target price for internet company Sea by 9.3 per cent to US$156 from US$172 with a “hold” rating, citing softer margins of its e-commerce arm Shopee. This…
Maybank cuts Sea target price with ‘hold’ call on softer Shopee margins, HSBC maintains ‘buy’ call
Tech company’s prioritisation of growth and building of competitive moats could ‘slow near-term monetisation gains’, says Maybank Research Maybank Research slashed its target price for…
When supply chain partners share data, everyone cuts carbon
To the uninitiated, the term Scope 3 might sound like an obscure technical label. However, for those managing corporate carbon emissions, the term can inspire a range of emotions, from…
US airlines brace for third day of government-mandated flight cuts
13,000 air traffic controllers and 50,000 security screeners have been forced to work without pay Major airlines braced for a third day of government-mandated flight cuts on Sunday (Nov 9)…
US warns it could force 20% flight cuts if shutdown continues
US Transportation Secretary Sean Duffy warned on Friday he could force airlines to cut up to 20 per cent of flights if the government shutdown did not end, as US airlines on Friday…