News
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…
Tag
Cuts
Business
Philippine peso may test record low as central bank cuts rates
THE Philippine peso is veering towards an all-time low as the nation’s central bank plans to cut interest rates further in the face of…
News
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…
News
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…
Business
Sportswear giants Adidas and Puma weighing job cuts
GERMAN sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim…
Culture
Asian oil refiners mull run cuts, closures as crude costs soar
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of…
Business
ECB policymakers line up behind further interest rate cuts
EUROPEAN Central Bank policymakers lined up behind further interest rate cuts on Wednesday (Jan 22), indicating that next week’s reduction…
Business
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…
Business
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…
Business
Fed minutes show officials were eager to slow interest-rate cuts
FEDERAL Reserve officials in December adopted a new stance on rate-cutting amid elevated inflation risks, deciding to move more slowly in…
Business
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…
Business
Opec output dips in December as UAE improves delivery of cuts
ORGANIZATION of Petroleum Exporting Countries ‘s (Opec) crude production dipped last month as the United Arab Emirates stepped up…
Culture
OCBC says healthcare S-Reits offer defence amid slower rate cuts, names top picks
INVESTORS should consider buying healthcare Singapore-listed real estate investment trusts (S-Reits) to strengthen their portfolios, an…
Culture
China AI firm SenseTime cuts back on Singapore office space: sources
SENSETIME Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time when it’s struggling to compete…
Business
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…
Business
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…
News
Taiwan’s science ministry warns spending cuts could hit chips, AI funding
TAIWAN’S science ministry warned on Friday (Dec 27) that funding for areas such as semiconductors, artificial intelligence (AI) and…
Business
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…
Business
Volkswagen unveils major job cuts in cost-saving drive
Crisis-hit auto giant Volkswagen said on Friday (Dec 20) it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with…
News
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…
Business
Analysts optimistic on Asian equity, bonds despite US Fed signalling fewer rate cuts
Bond investors will benefit from less volatility due to shifting rate expectations, they say ALTHOUGH the “hawkish” projection of interest…
Business
Analysts optimistic on Asian equity, bonds even as US Fed signals fewer rate cuts
Bond investors will benefit from less volatility due to shifting rate expectations, they say ALTHOUGH the “hawkish” projection of interest…
Business
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…
Business
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…