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Zoom to cut back on stock-based compensation, joining Salesforce, Workday
Zoom Video Communications is reducing the practice of paying workers with company stock, joining peers such as Salesforce and Workday in limiting their reliance on a common compensation technique...
Fed jumbo rate cut puts pressure on money market fund investors
INVESTMENT advisers are urging clients to dump hefty cash allocations now that the Federal Reserve has begun its much-anticipated interest-rate easing, a process they expect to limit the appeal...
Aussie shares hit record high close, log best week in a month on US rate cut cheer
Australian shares notched a record closing high for the fifth straight session on Friday (Sep 20) and logged their biggest weekly rise in a month, as global optimism in...
China dairy farms swim in milk as fewer babies, slow economy cut demand
CHINA is awash in unwanted milk as falling birth rates and cost-conscious consumers have cut demand even as dairy farms expanded in recent years, forcing smaller farmers out of...
Gold hovers near record high as traders navigate Fed’s giant rate cut
GOLD prices steadied near record highs on Friday (Sep 20) and were poised for a weekly gain, as markets adjusted to the US Federal Reserve’s recent super-sized interest rate...
Warner Music to cut 750 jobs in restructuring push
WARNER Music Group said on Thursday it would lay off about 750 employees, or 13 per cent of its workforce, as part of a revised strategic restructuring plan to...
Oil prices rise 2% after US rate cut
OIL prices rose by nearly 2 per cent on Thursday after the Federal Reserve’s large cut in US interest rates helped global benchmark Brent crude recover from its lowest in...
Europe: Shares advance as global markets cheer Fed’s outsized rate cut
EUROPEAN stocks jumped on Thursday after the US Federal Reserve delivered a 50-basis-point rate cut and flagged that further easing would be measured, raising hopes of a soft landing for...
