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Europe: Shares gain as cool US data bolsters Fed rate cut hopes
EUROPEAN shares advanced on Wednesday, with rate-sensitive sectors like real-estate jumping after a cool US inflation reading propped up hopes that the Federal Reserve could kick-off its policy easing cycle...
US Federal Reserve keeps rates steady, sees just one 2024 cut despite inflation progress
THE Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point...
FedEx to cut up to 2,000 back-office jobs in Europe
FEDEX is planning to cut between 1,700 and 2,000 back-office jobs in Europe, it said in a filing on Wednesday (Jun 12), as the parcel delivery company struggles with...
ECB must neither rush nor dally after decisive cut, Villeroy says
THE European Central Bank (ECB) should neither rush nor procrastinate over future interest-rate cuts after a “decisive orientation” to start loosening last week, Bank of France Governor Francois Villeroy...
Singapore stocks fall as hopes for early Fed rate cut dim; STI down 0.3%
SINGAPORE shares ended Monday (Jun 10) lower after stronger-than-expected US jobs figures last Friday hurt market sentiment. The benchmark Straits Times Index (STI) fell 0.3 per cent or 8.69...
Asia: Markets fall as strong US jobs data dents rate cut hopes
ASIAN markets mostly fell on Monday (Jun 10) as a mixed jobs report eased worries about the US economy but dampened hopes for interest rate cuts, while political uncertainty...
Giant Python Eats Woman Alive in Indonesia After She Went Missing as Locals Cut Open Snake to Find Her Whole Body Inside
A missing woman was found eaten alive by a giant python after locals cut her out of the snake's stomach. Farida, a 50-year-old mother of four, vanished while walking...
Oil dips on deflated US interest rate cut expectations, Opec+ decision
Oil prices edged down on Friday (Jun 7) and posted a third straight weekly loss as investors weighed Opec+ reassurances against the latest US jobs data that lowered expectations...
