Business
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…
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Cuts
Business
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…
Business
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…
Business
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…
Business
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…
News
Top U.S. Ally Cuts Off Intelligence Sharing Over Trump’s Recklessness
Taake was convicted of attacking a police officer at the Capitol with bear spray and a whip during the riots. He had also previously been…
Business
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,…
News
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…
News
More than 1,000 flights cancelled as US air traffic cuts enter second day
More than 1,400 flights to, from, or within the US were cancelled on Saturday after airlines were told this week to cut traffic during the…
News
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…
Business
Honda cuts annual operating profit outlook on EV cost hit, slow Asia sales
It cut its operating profit forecast for the year through March 2026 to 550 billion yen (S$4.67 billion) from 700 billion yen Honda Motor…
Business
Allbirds Shares Sink Following Further Guidance Cuts
Shares for Allbirds sank nearly 10 percent in after-market trading on Thursday after the footwear company lowered its yearly guidance…
News
Government says SNAP benefit cuts won't be as deep as announced for some families
President Donald Trump's administration now says that SNAP food aid for November will be reduced less than originally announced, the…
Business
American Airlines layoffs: Support and management job cuts add to corporate staff reductions in 2025
As the longest federal government shutdown in U.S. history drags on, federal workers are left in financial limbo—and the airline industry…
Business
Bank of Canada plans 10% job cuts as PM Carney moves to trim expenses
The central bank is committed to achieving a 15% total budget reduction over the 2026 to 2028 period The Bank of Canada is planning to…
News
New legislation in Senate would mandate reports of AI-related job cuts
A new bipartisan bill would require major companies and federal agencies to report artificial intelligence-related layoffs to the…
Business
China aims to revive steelmaking without ordering cuts to supply
Beijing seems to have committed to a more gradual tightening of the screws on steelmakers that would play out over years rather than…
Business
Audi cuts outlook on intense competition, economic woes
[INGOLSTADT, Germany] Volkswagen’s Audi Group walked back its financial targets for the year because of “intense” competition and economic…
Business
Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions
The move comes after the Dutch chipmaker’s Chinese unit resumed supplying semiconductors to local customers [BEIJING/TAIPEI] Dutch…
Business
Nomura expects no more Fed rate cuts in 2025 after October easing
NOMURA said it now expects the US Federal Reserve to keep interest rates unchanged at its December policy meeting, following the central…
Business
Hong Kong central bank cuts interest rate, tracking Fed move
Hong Kong’s de-facto central bank on Thursday lowered its base interest rate by 25 basis points to 4.25 per cent, tracking a cut by the US…
Business
Fed cuts interest rate by a quarter point as government shutdown clouds economic outlook
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring…
Business
GM layoffs: EV market downturn hits automaker to the tune of 1,750 job cuts
And the layoffs keep coming. General Motors joins Amazon and Paramount this week, announcing on Wednesday it will be laying off 1,750…
News
Jamaicans take stock after Hurricane Melissa causes damage, flooding and power cuts
Nick Davis,Kingston and Rachel Hagan The true extent of Hurricane Melissa is still being revealed in Jamaica. Without power or phone…