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Greenback holds firm as traders trim US rate cut bets
THE US dollar was set for its largest weekly rise in a month-and-a-half on Friday (May 24) as surprisingly strong US economic data has left markets on edge about...
EV maker Lucid to cut workforce by 6%
LUCID Group said on Friday (May 24) it would reduce its workforce by 6 per cent, or around 400 employees, as the electric vehicle industry grapples with slower growth.
Shares...
Asia: Markets fall after US data dent rate cut hopes
MARKETS fell in Asia on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold...
TikTok said to plan job cuts amid a wave of tech industry layoffs
TikTok is expected to make cuts to its global staff, in another blow for the popular social video app as it faces the threat of a new law that...
Apple supplier Foxconn among firms asked to cut power use in Vietnam: sources
VIETNAMESE officials have called on Apple supplier Foxconn to voluntarily reduce power use by 30 per cent at its assembly plants in the north of the country where there...
Apple supplier Foxconn among firms asked to cut power use in Vietnam: sources
VIETNAMESE officials have called on Apple supplier Foxconn to voluntarily reduce power use by 30 per cent at its assembly plants in the north of the country where there...
Europe: Shares end lower on rate cut jitters; Richemont shines
EUROPEAN shares closed lower on Friday, as investors turned cautious following remarks from a policymaker on the outlook for monetary policy, while Richemont logged its best day in over...
Oil up after US economic data strengthens rate cut expectations
CRUDE prices edged up on Thursday (May 16) after data showed a stabilising US job market, fuelling expectations that the Federal Reserve could begin to cut interest rates in...
