Cut
Gold posts fourth monthly rise on Fed rate cut hopes
GOLD prices eased on Friday (May 31) as investors digested US inflation report that was largely in line with estimates, although expectations that the Federal Reserve will cut interest...
Europe: Shares rise after US inflation data keeps Fed rate cut hopes alive
EUROPEAN shares rose on Friday (May 29) after softer US inflation data spurred hopes of interest rate cuts by the Federal Reserve, while June rate cut bets for the...
Struggling boot brand Dr Martens to cut costs, invest in marketing
Dr Martens’ laid out plans for cost-cutting measures on Thursday (May 30), as the struggling British bootmaker faces mounting pressure to bolster its finances amid dwindling demand in the...
Gold prices inch lower as US rate cut bets cool
GOLD prices eased on Wednesday (May 29), as traders pared bets of rate cuts by the US Federal Reserve this year following remarks by some policymakers, while the market...
Siemens Energy’s Gamesa to cut 4,100 jobs, CEO says
SIEMENS Energy’s wind turbine division Siemens Gamesa is planning to cut 4,100 jobs or around 15 per cent of its workforce, the unit’s chief executive Jochen Eickholt said in...
Campbell Soup to cut 415 jobs as it restructures its manufacturing plants
CAMPBELL Soup on Tuesday (May 28) said it plans to reduce the size of its Jeffersonville, Indiana site and close Tualatin, Oregon site, leading to 415 job cuts.
It added...
Bets on Canada rate cut hold out hope for lagging banks
INVESTORS up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks.The S&P/TSX Banks index...
Gold prices hover near two-week low as rate cut bets ease
GOLD edged up on Monday (May 27) but was hovering near a two-week low hit in the previous session as investors pared expectations of a US interest rate cut...
