Business
HSBC cuts dozens of analyst jobs in investment banking overhaul
HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment…
Tag
Cuts
Business
BYD shares extend losses as price cuts throw spotlight on sales
BYD shares extended losses in Hong Kong trading on Tuesday (May 27) – taking their two-day slide to more than 10 per cent – as last week’s…
News
Only Two Republicans Were Brave Enough to Vote Against Medicaid Cuts
In March, Musk walked into what he understood to be an ambush, facing heated backlash from Secretary of State Marco Rubio, Veterans…
Business
CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed…
News
Keir Starmer announces U-turn on winter fuel payment cuts
Paul Seddon Political reporter Sir Keir Starmer has announced plans to ease cuts to winter fuel payments, in a U-turn following mounting…
News
Republicans Sneak Massive Medicare Cuts Into Their Horrid Tax Bill
House Democrats immediately pounced. At a House Rules Committee meeting early Wednesday morning, ranking member Jim McGovern asked…
News
Republican Torched for Falling Asleep Amid Debate on Medicaid Cuts
Republicans want to add work requirements to Medicaid, but having to work themselves is apparently a problem. Representative Ralph Norman…
News
The Republicans’ Medicaid Cuts Could Cause a Rural Unemployment Crisis
Those problems led 136 rural hospitals, or about 3 percent, to close between 2010 and 2021. Almost three-fourths of those were in states…
News
Cognitive Decline or Fascism? Trump Rants About Cuts to Food Benefits
Donald Trump seems to think that cuts to food assistance means cheaper and more abundant food for everyone. “You campaigned on lowering…
Business
Australia’s central bank cuts rates to two-year low of 3.85%
Australia’s central bank on Tuesday (May 20) cut its main cash rate by 25 basis points to a two-year low of 3.85% citing a darker global…
Business
Asia: Markets rebound to track Wall Street up as China cuts rates
Asian markets rose on Tuesday as investor sentiment returned following the previous day’s US rating-fuelled losses, with sentiment also…
Business
China’s central bank cuts two key rates to historic lows
China’s central bank on Tuesday (May 20) cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid…
Business
Guinness-owner Diageo plans cost cuts, asset sales to reduce debt
Diageo unveiled a plan on Monday (May 19) to cut US$500 million in costs and make substantial asset disposals by 2028, as the maker of…
Business
Japan's Panasonic targets 10,000 job cuts worldwide
The figure represents around 4% of the firm’s total workforce of nearly 230,000 Japanese electronics giant Panasonic said Friday (May 9)…
Business
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way…
News
Maersk cuts global container market outlook on tariff war
Maersk sees global container volume market in the range of 1% decline to growth of 4% this year Danish container giant AP Moller-Maersk…
Business
Why the Fed will likely ignore Trump’s calls for interest rate cuts
The Federal Reserve could keep its key rate unchanged for several more months as it evaluates the impact of President Donald Trump’s…
News
PMQs: Keir Starmer defends winter fuel cuts in face of calls for U-turn
Becky Morton Political reporter PMQs: Badenoch presses PM on winter fuel payment Sir Keir Starmer has defended the decision to axe winter…
News
Rivian cuts EV delivery outlook, sees tariff impact
Rivian Automotive said full-year deliveries will decline more sharply than it anticipated just a month ago, citing risks that US President…
Business
China Cuts Interest Rates to Shore Up Economy Hit by Trade War
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the…
News
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
The new head of the US Securities and Exchange Commission told staff on Tuesday the agency has lost 15 per cent of its headcount across…
News
Winter fuel cuts were factor at elections, says minister
Paul Seddon Political reporter Restricting winter fuel payments dented Labour's support at last week's local elections, the health…
News
An overwhelming majority of Americans don't want Trump tax cuts to expire
A majority of Americans don't support raising taxes, according to a new poll, which also bodes well for support of President Trump's plans…
News
US Fed expected to pause cuts again and wait for clarity on tariffs
The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how US President Donald…