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Cisco to lay off thousands more in second job cut this year: sources
CISCO will cut thousands of jobs in a second round of layoffs this year as the US networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI,...
Paramount says to cut around 15% of US workforce
PARAMOUNT Global is set to reduce about 15 per cent of its US workforce in the coming weeks, according to company executives on an earnings call Thursday (Aug 8)....
Stocks rebound from rout as Fed faces calls to cut rates early
MOST equities rallied on Tuesday (Aug 6) after the previous day’s global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut...
Investors bet on RBNZ rate cut next week amid global repricing
INVESTORS and some economists now expect New Zealand’s central bank to start cutting interest rates next week as markets globally ramp up bets on imminent monetary policy easing.The Reserve...
Philippine central bank says rates can stay steady, open for cut when price pressures ease
THE Philippine central bank can keep policy settings unchanged but can consider a rate cut if price pressures continue to ease, its governor said on Monday (Aug 5).The balance...
Alphabet’s fund CapitalG cut stake in CrowdStrike before July global outage
GOOGLE-PARENT Alphabet’s independent growth fund CapitalG cut its stake in cybersecurity company CrowdStrike, according to a regulatory filing on Friday (Aug 2), much before a global outage last month...
Fed officials likely to push back against half-point rate cut
A WEAK July jobs report has fuelled fears the Federal Reserve has already waited too long to lower interest rates, but policymakers are unlikely to respond with a jumbo-sized...
Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
INTEL said on Thursday it would cut more than 15 per cent of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a...
