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T-bill cut-off yield falls to 2.97% in first auction after Fed announces rate cut
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 2.97 per cent in the first auction after the US Federal Reserve announced it was cutting rates...
South Korean battery maker SK On to cut workforce amid challenging EV market
SOUTH Korean battery maker SK On said on Thursday (Sep 26) that it plans to introduce voluntary measures aimed at reducing its workforce, as the company seeks to improve...
Asia: Markets boosted again after another Chinese rate cut
MOST Asian markets built on a global rally on Wednesday as China announced another interest rate cut the day after unveiling a series of measures to boost the country’s...
Traders boost Fed bets with November cut size seen as a toss-up
THE debate over the magnitude of the Federal Reserve’s expected interest-rate cut in November is intensifying, with traders ramping up wagers in futures keyed to the central bank’s path...
Dulux maker Akzo Nobel plans to cut about 2,000 jobs globally
DULUX paint maker Akzo Nobel plans to cut about 2,000 jobs globally as part of efforts to reduce costs, targeting positions in its head offices, the Dutch company said...
Fed officials leave door open to another large interest-rate cut
A HANDFUL of Federal Reserve officials on Monday (Sep 23) left open the door to additional large interest-rate cuts, noting that current rates still weigh heavily on the US...
EVs to get boost from extended incentives, but hybrids could suffer from emission rebate cut
Even as changes show Republic’s commitment to electric vehicles, some say that hybrids are still relevantRECENT tweaks to two clean-vehicle schemes show Singapore’s commitment to electric vehicles (EVs) –...
Oil edges up following US rate cut move, geopolitical concerns
OIL prices gained slightly during early trade on Monday, boosted by concerns conflict in the Middle East may impact supply in the key producing region and expectations the US interest...
