Cuts
Goldman cuts targets on China stocks for second time this month
The firm has long been bullish, often going against the tide during the market’s multiyear slump[TOKYO] Strategists at Goldman Sachs cut their targets for key Chinese stock indexes for...
Antitrust chiefs counter proposed cuts as tech cases advance
[SAN FRANCISCO] Antitrust enforcers are pushing back against the impact of a broad, Justice Department-wide restructuring plan that would interfere with key White House priorities including enforcement in the...
General Motors Goes for Job Cuts at Its Factory Zero as Carmakers Grapple to ramp up Domestic Production Amid Trump’s Tariffs
General Motors is making a shift in its U.S.-based electric vehicle plans. The company is temporarily laying off 200 employees at Factory Zero, its Detroit-based plant dedicated to EVs....
UOB Kay Hian cuts Sats target price to S$2.89, downgrades it to ‘hold’ on likely tariff impact
[SINGAPORE] Freight handler Sats might be hit by a potential slowdown in globalisation and decline in global trade volume as a result of the United States’ reciprocal tariffs, prompting...
RBI cuts rates, changes stance to ‘accommodative’ as US tariffs add to growth risks
[MUMBAI] The Reserve Bank of India (RBI) lowered its key repo rate on Wednesday (Apr 9) for a second consecutive time and changed its monetary policy stance signalling room...
UOB Kay Hian downgrades DBS to ‘sell’, OCBC to ‘hold’; cuts target prices
[SINGAPORE] UOB Kay Hian (UOBKH) downgraded Singapore banks DBS and OCBC to “sell” and “hold”, respectively, citing forecasts of higher credit costs and “anaemic” loan growth resulting from US...
Risks of bad loans, slowdown in region spark cuts in banks’ target prices; DBS downgraded to ‘sell’, OCBC, UOB get ‘hold’ rating
[SINGAPORE] Analysts have downgraded their outlook on Singapore banks amid concerns of weaker loan growth and higher credit costs, as Trump’s tariffs threaten a global trade war. UOB Kay...
Wall Street fears job cuts as dealmaking fizzles in trade war
[LONDON] Up and down Wall Street, executives are starting to come to terms with a new reality: Donald Trump is not delivering the long-awaited rebound in mergers and acquisitions...
