Business
Asia: Markets up on hopes over shutdown deal, rate cut
EQUITIES rose in Asia on Wednesday as the US shutdown nears an end and after fresh jobs data boosted the chances of a third successive…
Tag
Cut
News
Trump Escalates War on CFPB With Move to Cut Off All Funding
The Bulwark asked the Trump-owned chatbot a series of questions about the impacts of Trump’s agenda, ranging from tariffs to the insane…
Culture
Ringgit rally driven by domestic strength and Fed cut bets, say analysts
The currency hits a 13-month high against the greenback, year-to-date peak versus Singdollar The Malaysian ringgit has rallied about 7 per…
Business
Visa, Mastercard to cut fees, let retailers reject certain cards
VISA and Mastercard reached a deal with retailers to reduce some of their fees and give merchants more leeway to reject customers who use…
Business
Gold rises on Fed rate cut bets, growth worries
GOLD prices rose on Monday, buoyed by expectations of another Federal Reserve interest rate cut in December and a slew of weak economic…
Business
Gold gains on softer dollar, increasing bets of Fed rate cut
GOLD rose on Friday as the dollar slid after private-sector job reports indicated weakness in the US labour market increasing expectations…
Business
Bank of England keeps rates on hold in knife-edge vote that hints at cut soon
The Bank of England kept borrowing costs on hold on Thursday (Nov 6) but a narrow vote and signs that governor Andrew Bailey might soon…
News
Trump administration orders 10% of flights cut at major US airports due to shutdown
US Transportation Secretary Sean Duffy said on Wednesday that he would order 10 per cent of flights at 40 major US airports to be cut…
Business
Nissan to cut Rogue production in Japan over Nexperia fallout: source
The automaker plans to cut output of the Rogue sport-utility vehicle by about 900 vehicles in the week starting Nov 10 Nissan Motor will…
News
Trump Told CBS What to Cut From 60 Minutes Interview—And They Listened
When asked on 60 Minutes about pardoning Zhao, Trump replied: “OK, are you ready? I don’t know who he is. I know he got a four-month…
Business
Indonesia central bank chief sees room for another rate cut
Indonesia’s central bank governor said on Monday (Nov 3) there was still room for another interest rate cut, but the timing would depend…
Business
Fed's Waller calls for December rate cut, as hawks press for policy pause
A clutch of Federal Reserve bank presidents on Friday (Oct 31) aired their discomfort with the US central bank’s decision to cut interest…
Business
Gold rises on bargain hunting and US rate cut, set for monthly gain
Traders have scaled back bets that the Fed will cut rates again at its next policy meeting on Dec 10 after remarks from Fed chair Jerome…
Business
How the Fed’s rate cut will impact your finances
The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September. Before that, it had…
Business
AirAsia plans up to US$600 million bond to cut borrowing cost: sources
The Malaysian budget carrier operator is targeting a coupon rate of below 10% for the proposed note AirAsia Aviation Group plans to raise…
Business
Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30)…
Business
Asian markets to expect short-term pressure from Fed rate cut: analysts
Asia markets are likely to face short-term pressure from the US Federal Reserve’s latest interest rate cuts, but expectations are already…
Business
Gold ticks up on US dollar retreat, Fed rate cut
Focus now shifts to US President Trump’s meeting with Chinese leader Xi Jinping in South Korea later in the day Gold prices edged higher…
Business
Federal Reserve votes for another quarter-percentage point cut
The Federal Reserve on Wednesday slashed interest rates for the second time in as many months, pointing to a slowdown in hiring. Source link
Business
GM to cut over 1,200 jobs at EV plant
General Motors will cut about 1,200 jobs at its EV plant in Detroit, as the carmaker responds to slowing demand for its battery cars,…
Business
UPS reports 48,000 jobs cut in the year to date
United Parcel Service posted third-quarter results that handily beat Wall Street’s expectations and gave details about its turnaround…
Business
The Fed is expected to cut key interest rate to boost weak U.S. job market
The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as…
Business
As Fed prepares to cut rates this week, all eyes are on outcome of Trump-Xi meeting in Seoul
The prospect of a trade deal between Washington and Beijing has raised hopes of prices of goods coming down ahead of the holiday season…
Business
US: Wall Street opens higher as cool inflation data fuels Fed rate cut bets
WALL Street opened on solid ground on Friday (Oct 24), as investors welcomed a cooler-than-expected inflation reading, while Intel’s…