Cuts
GameStop reports third-quarter profit on spending cuts
GAMESTOP reported a third-quarter profit on Tuesday (Dec 10) as the video game retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.Chief executive officer Ryan...
ECB officials to lock horns over how much cuts can boost economy
EUROPEAN Central Bank (ECB) officials agree that lower interest rates are needed to buoy the region’s shaky economy. How much they can actually help, though, is hotly contested.Some policymakers...
Newmont cuts management jobs in major corporate restructuring
NEWMONT let go of nearly a dozen managers, including a member of its executive team, as part of a sweeping corporate overhaul, according to sources familiar with the matter.The...
Saudi Arabia cuts oil prices after Opec+ delays reviving output
Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after the Organization of the Petroleum Exporting Countries and its allies (Opec+) further delayed an...
India central bank holds rates steady; cuts banks’ cash reserve ratio
THE Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday (Dec 6) but cut the cash reserve ratio (CRR) that banks are required to hold,...
Wall Street banks predict biggest China rate cuts in a decade
CHINA’S central bank will deliver the biggest interest-rate cuts in a decade next year as policymakers intensify efforts to shore up growth and arrest deflation, in the view of...
Wall Street banks predict biggest China rate cuts in a decade
CHINA’S central bank will deliver the biggest interest-rate cuts in a decade next year as policymakers intensify efforts to shore up growth and arrest deflation, in the view of...
Airbus cuts 2,000 Defence and Space jobs, taming earlier plans
AIRBUS announced just over 2,000 job cuts in Defence and Space, or about 5 per cent of its second-largest division, as it reels from US competition in the satellites...
