Cut
Newly privatised Toshiba to cut 4,000 jobs in restructuring drive
JAPAN’S Toshiba said on Thursday (May 16) it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates restructuring under new ownership.
Toshiba delisted in December due to...
More companies are selling shares to help cut debt
WHEN Metals Acquisition bought a copper mine in Australia from Glencore for almost US$900 million upfront in 2023, it turned to the debt markets to help fund the purchase.With...
Disney has dramatically cut traditional TV spending, CEO says
WALT Disney has cut its investment in programming for traditional television networks pretty dramatically as part of its strategy to maximise audiences and profit in the streaming TV era,...
Honda moves to cut China workforce with voluntary layoffs
HONDA Motor is scaling down its full-time production workforce in China, with roughly 1,700 employees having agreed to leave thus far, the Japanese automaker said on Wednesday (May 15),...
Converse to cut jobs as part of Nike’s cost-savings plan
FOOTWEAR brand Converse will cut jobs as part of parent company Nike’s ongoing US$2 billion cost savings plan, a source familiar with the matter said on Tuesday (May 14).Nike...
Foxconn-backed Sharp to end TV display production, cut staff
FOXCONN-backed Sharp Corp is exiting TV panel production and plans to seek volunteers for early retirement, abandoning a business in which it lost out to Chinese rivals.
The Japanese electronics...
Philippine peso drops most in Asia as calls for rate cut build
The Philippine peso fell the most in Asia as expectations for an interest-rate cut mounted following the release of weak economic growth data last week.The peso lost as much...
Europe: Stocks close at record high on earnings, rate cut optimism
Europe’s main stock index closed at a record high on Friday (May 10), on track for its biggest weekly gain since late January, as risk appetite was bolstered by...
