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Sterling slips as BOE holds rates; Swiss franc tumbles after surprise SNB cut
STERLING fell after the Bank of England (BOE) on Thursday (Mar 21) kept its benchmark interest rate on hold as expected, while the Swiss franc fell to a multi-month...
Swiss National Bank surprises with quarter point interest rate cut
THE Swiss National Bank cut its main interest rate by 25 basis points to 1.5 per cent on Thursday (Mar 21), a surprise move which made it the first...
Hong Kong holds rate as Fed sticks to rate cut outlook
THE Hong Kong Monetary Authority (HKMA) followed the Federal Reserve in holding its base rate, as United States officials maintained their outlook for three interest-rate cuts this year. The...
All eyes on whether US Federal Reserve will make explicit promise to cut interest rates
THE mood swings of the world’s financial markets could continue if there is any ambiguity in US Federal Reserve chairman Jerome Powell’s statements this week at the end of...
Unilever to spin off ice cream unit, cut 7,500 jobs
UNILEVER plans to spinoff its ice cream unit, home to popular brands such as Magnum and Ben & Jerry’s, into a standalone business, as the consumer goods group announced...
Unilever to spin off ice cream unit, cut 7,500 jobs for cost savings
UNILEVER said on Tuesday (Mar 19) it would spinoff its ice cream unit, home to popular brands such as Magnum and Ben & Jerry’s, into a standalone business and...
South Korea to cut corporate, dividend income tax to boost shareholder returns
SOUTH Korea will provide tax cuts for companies that raise shareholder returns and also cut taxes on dividend income for shareholders in the firms, the finance minister said on...
Pfizer to cut stake in Sensodyne toothpaste-maker Haleon to 24%
CONSUMER healthcare firm Haleon said on Monday (Mar 18) that US drugmaker Pfizer, its top shareholder, will sell down its stake in the company to about 24 per cent....
