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Fidelity International to cut 1,000 jobs globally, memo shows
FUND management giant Fidelity International is planning to cut around 1,000 jobs globally in 2024, equivalent to around 9 per cent of its headcount, according to an internal company...
DBS chief Piyush Gupta’s 2023 salary down 27% at S$11.2 million after pay cut
DBS chief executive Piyush Gupta received a total remuneration of S$11.2 million for the financial year ended Dec 31, 2023, representing a 27 per cent year-on-year decline from S$15.4...
Starbucks Middle East franchisee AlShaya to cut over 2,000 jobs: sources
GULF retail giant AlShaya Group, which owns the rights to operate Starbucks in the Middle East, plans to lay off over 2,000 people as the business takes a hit...
Gold hits record peak on US rate cut hopes
THE price of gold on Tuesday (Mar 5) struck an all-time pinnacle, boosted by its haven status ahead of expected cuts to US interest rates amid growing economic gloom....
Oil settles lower on weak demand despite Opec+ cut extension
OIL prices settled slightly lower on Monday, as demand headwinds counterbalanced a widely expected extension of voluntary output cuts through the middle of the year by the Opec+ producer...
Gold near two-month high as hopes for mid-year US rate cut rise
GOLD prices hovered near a two-month high on Monday (Mar 4), after softer United States economic data last week raised hopes for a June interest rate cut by the...
ExxonMobil to cut trader salaries in latest overhaul to pay structure
EXXONMOBIL plans to cut some traders’ salaries as part of a pay overhaul that will include cash performance bonuses at the end of the year, as well as long-term...
UK supermarket Sainsbury’s plans to cut 1,500 roles
BRITISH supermarket group Sainsbury’s said on Thursday (Feb 29) it plans to cut about 1,500 roles, as it seeks cost savings to invest back into the business. Sainsbury’s, Britain’s...
