Business
BNP cuts 10% of China dealmaker jobs after 2022 expansion
BNP Paribas made its first round of layoffs in China investment banking since an expansion two years ago, cutting about 10 jobs amid a…
Tag
Cuts
Business
Man Group plans job cuts as it reviews budget, talent needs
MAN Group is planning a round of job cuts as the world’s biggest publicly traded hedge fund firm reviews its staffing needs. Chief…
News
Opec again cuts 2024, 2025 oil demand growth forecasts
OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday (Nov 12), highlighting…
Business
German chemicals giant Bayer cuts key target amid weedkiller woes
GERMAN chemicals giant Bayer cut its forecast for 2024 operating earnings on Tuesday (Nov 12), after a poor performance in its…
Business
Ikea reports higher profit despite revenue hit from price cuts
INTER Ikea, the owner of the world’s biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite…
Business
Fed’s implied message: Enjoy the rate cuts and market euphoria now, worry about tariffs and deficits later
Powell leaves door open to another cut in December, depending on the rate of inflation and if the labour market softens further THE US…
Business
Rivian reassures investors with cost cuts, green credit sales amid weak EV demand
RIVIAN said on Thursday (Nov 7) it was on track to turn a gross profit in the fourth quarter helped by cost cuts and a sharp increase in…
Business
Nissan cuts 9,000 Jobs amid declining sales and rising costs
Nissan, the Japanese automaker, announced it will cut 9,000 jobs— six percent of its 133,000 global workforce— after experiencing a…
Business
Audi plans thousands of job cuts outside production
GERMAN automaker Audi is looking to shrink its workforce in the medium term by cutting jobs outside of production, with thousands of…
Business
Japan’s steelmaker JFE cuts annual profit forecast on slow local demand, slumping Asia market
JAPAN’S second-biggest steelmaker, JFE Holdings, lowered its forecast for annual net profit by 37 per cent, hit by slow demand for…
Fashion
Aramco cuts oil prices to Asia for December after Opec+ delay
SAUDI Arabia lowered oil prices for buyers in Asia for December after members of the Opec+, which includes the Organization of the…
Business
Recent US economic data points to a concerned Fed opening the door to series of rate cuts
BAD news is good news again. And the worse tidings that US Federal Reserve chairman Jerome Powell can bring about for US economic…
Business
Philippines inflation matches estimate, gives room for rate cuts
PHILIPPINE inflation quickened in October but within market expectations, giving the central bank room to sustain its easing cycle.…
Business
Gold steadies as investors brace for US election and potential rate cuts
GOLD prices held steady on Monday (Nov 4), as investors prepared for a crucial week for the global economy, marked by the US presidential…
Business
Chevron flags possible job cuts in US$3 billion cost plan
CHEVRON indicated potential US job cuts as part of a new cost-cutting plan. The US$3 billion in targeted “structural” cost savings will…
News
Israeli budget hikes military spending, VAT, cuts social services
The Israeli government on Friday approved higher military spending and cuts in education, health and social services in a draft budget for…
News
CNN anchor cuts away from Kamala Harris rally and fact-checks claims
CNN anchor Jake Tapper pulled away from Vice President Kamala Harris' rally in Arizona while on air Thursday and offered "two teeny little…