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Canada’s economic growth misses estimates, boosting chances of rate cut
Canada’s economy likely weakened in the first quarter, data from Statistics Canada showed on Tuesday (Apr 30), bolstering expectations that the Canadian central bank would have more reason to...
3M to cut dividend on health-care spin, losing aristocrat status
3M plans to slash its dividend, ending more than six decades of boosting the payout each year as it enters a new era following the spinoff of its health-care...
McDonald’s sales miss estimates as customers cut back spending
McDonald’s fell short of Wall Street estimates for first-quarter sales on Tuesday (Apr 30) as budget-conscious consumers cut back on restaurant meals and the Middle East conflict weighed on...
Lufthansa, Air France-KLM to cut costs after tough first quarter
Two of Europe’s top airline groups, Lufthansa and Air France-KLM, announced plans to cut costs after reporting wider first-quarter losses on Tuesday (Apr 30) as they faced high customer...
Lufthansa to cut costs, stop projects as strikes hurt profit
Deutsche Lufthansa said it will initiate a cost-cutting drive at the namesake airline business that includes freezing projects and review hiring in some areas after Europe’s largest carrier was...
Oil falls more than US$1/barrel on Middle East peace talks, US rate cut doubts
OIL prices lost more than US$1 a barrel on Monday as Israel ceasefire talks in Cairo tempered fears of a wider Middle East conflict, while US inflation data dimmed...
Thai banks cut rate for some borrowers after push from PM
Thailand’s biggest commercial banks agreed to temporarily lower borrowing costs for vulnerable groups and small businesses, following an appeal by Prime Minister Srettha Thavisin earlier this week. The lenders will...
Tesla to cut more than 6,000 jobs across Texas, California
TESLA plans to cut more than 6,000 jobs across Texas and California as part of chief executive officer Elon Musk’s demand to slash more than 10 per cent of...
