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Deutsche Bank has cut dozens in Asia private banking overhaul
DEUTSCHE Bank trimmed 10 private banking roles in Asia over the past week, adding to dozens of cuts in recent quarters as it zooms in on more profitable markets...
Federal Reserve’s Bostic reiterates rate cut is not likely until end of year
FEDERAL Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable keeping interest rates steady, reiterating he doesn’t think it will be appropriate to lower borrowing costs until toward...
Federal Reserve will cut interest rates at some point, but no hurry, says Mester
CLEVELAND Federal Reserve Bank Loretta Mester on Wednesday said that she expects price pressures to ease further this year, allowing the Fed to reduce borrowing costs, but “we want...
ECB firmly behind June rate cut but views diverge on July
EUROPEAN Central Bank policymakers continued to line up behind a June interest rate cut on Wednesday despite rising oil prices and a weaker euro, but they diverged on the...
Toshiba to cut 5,000 jobs in latest bid to restructure
TOSHIBA plans to cut 5,000 jobs in Japan, or roughly a tenth of its domestic headcount, in a bid to cut costs and focus on its infrastructure and digital...
Bailey hints BOE may be able to cut rates before Fed
BANK of England (BOE) governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying inflation dynamics in the two economies are...
Morgan Stanley sees fed cut delay pushing back easing in Asia
MOST central banks across Asia are likely to begin cutting interest rates later in the year – if at all, according to economists at Morgan Stanley, as the US...
Tesla to cut over 10% of its global workforce, Electrek reports
TESLA will reduce global headcount by more than 10 per cent, Electrek reported, as the carmaker grapples with a slowdown in electric vehicle demand.Elon Musk cited “duplication of roles...
