Cuts
Gold headed for weekly gains on revived hopes of Fed rate cuts
Gold prices firmed on Friday (Jan 17) and were headed for a third straight week of gains after US data this week hinted that the Federal Reserve might continue...
Citigroup cuts more jobs in push to meet CEO Jane Fraser’s expense goals
CITIGROUP eliminated more jobs this week, just as executives were announcing new share buybacks and doubling down on chief executive officer Jane Fraser’s commitment to expense reductions.Managing directors in...
HSBC warns of bonus cuts as cost of restructuring looms
HSBC Holdings is set to buck an industrywide trend of higher banker bonuses as it gears up for a multibillion-US dollar cost reduction from an ongoing restructuring.
Some employees in...
BP cuts over 5% of workforce in CEO cost cut drive
BP announced on Thursday (Jan 16) that it will cut around 4,700 staff, or over 5 per cent of its total workforce, as part of CEO Murray Auchincloss’ efforts...
Europe: Stocks dip to one-week low amid speculation over Fed rate cuts
EUROPEAN shares fell to a one-week low on Monday (Jan 13) amid a broader market sell-off as global equities came under pressure following US jobs data, which strengthened expectations...
US: Wall St opens lower as investors dial back bets on Fed rate cuts this year
Wall Street’s main indexes opened lower on Monday (Jan 13), as yields surged after robust payroll numbers last week bolstered expectations that the Federal Reserve will maintain a hawkish...
Fed minutes show officials were eager to slow interest-rate cuts
FEDERAL Reserve officials in December adopted a new stance on rate-cutting amid elevated inflation risks, deciding to move more slowly in the months ahead.“Participants indicated that the committee was...
Bridgewater cuts 7% of staff in effort to remain ‘nimble’
BRIDGEWATER Associates dismissed 7 per cent of its workforce on Monday (Jan 6) as the world’s biggest hedge fund seeks to remain lean and maintain the flexibility to hire...
Opec output dips in December as UAE improves delivery of cuts
ORGANIZATION of Petroleum Exporting Countries ‘s (Opec) crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at buoying global oil markets.Output...
OCBC says healthcare S-Reits offer defence amid slower rate cuts, names top picks
INVESTORS should consider buying healthcare Singapore-listed real estate investment trusts (S-Reits) to strengthen their portfolios, an OCBC Investment Research report has suggested. This is because the healthcare sector offers...