Cuts
Nissan plans job, output cuts at Mississippi, Tennessee plants
NISSAN Motor is eliminating a work shift at two US vehicle assembly plants and trimming its hourly staff via buyouts, a downsizing to align its output with lower sales...
US Federal Reserve pauses rate cuts, will ‘wait and see’ on Trump policies
THE US Federal Reserve left its key lending rate unchanged on Wednesday (Jan 29) and adopted a patient “wait and see” approach to Donald Trump’s economic policies, in the...
Philippine peso may test record low as central bank cuts rates – The Business Times
THE Philippine peso is veering towards an all-time low as the nation’s central bank plans to cut interest rates further in the face of slowing economic growth.Goldman Sachs, Barclays...
CNN eyes 200 job cuts, streaming overhaul – The Business Times
US NEWS network CNN will shed six per cent of staff, some 200 people, the outlet said on Thursday as it embarks on a major shakeup of staffing and...
Sportswear giants Adidas and Puma weighing job cuts – The Business Times
GERMAN sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim to bolster profits.
Adidas said it wanted...
Asian oil refiners mull run cuts, closures as crude costs soar – The Business Times
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of Asia to consider cutting...
ECB policymakers line up behind further interest rate cuts – The Business Times
EUROPEAN Central Bank policymakers lined up behind further interest rate cuts on Wednesday (Jan 22), indicating that next week’s reduction is all but a done deal and further moves...
Philippine finance chief sees slower rate cuts on global risks – The Business Times
PHILIPPINE Finance Secretary Ralph Recto said the nation’s central bank will continue to deliver interest rate cuts this year, but they may be fewer and farther apart than in...
