US Federal Reserve chair expected to signal support for rate cuts
US FEDERAL Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference ...
Tag: Cuts
Bank of Korea signals rate cuts as inflation, growth slow
SOUTH Korea’s central bank kept interest rates unchanged on Thursday but signalled it was ready to start easing policy as ...
LVMH’s Sephora cuts around 10% of staff in China as woes deepen
COSMETICS retailer Sephora is cutting hundreds of staff in China, according to sources familiar with the matter, as one of ...
RBA’s Michele Bullock says it’s ‘premature’ to think about rate cuts
AUSTRALIA’S central bank remains some way off easing monetary policy, governor Michele Bullock said, as inflation is proving persistent and ...
Cisco gives upbeat sales forecast even as it cuts jobs
CISCO Systems, the biggest maker of computer networking equipment, gave a bullish revenue forecast for the current period thanks to ...
New Zealand cuts rates as slumping economy slows inflation
NEW Zealand’s central bank cut interest rates, embarking on an easing cycle much sooner than previously indicated as the economy ...
Cancer test maker Grail cuts 350 jobs as part of restructuring programme
GRAIL said on Tuesday (Aug 13) it has cut about 350 existing jobs as the diagnostics company focuses on the ...
Carlsberg sees higher profit as cost cuts offset weak demand
CARLSBERG increased its profit growth outlook for the year as cost controls helped the Danish brewer to offset weaker consumer ...
Paramount Global begins planned layoffs with 15% job cuts in US
PARAMOUNT Global will begin laying off 15 per cent of its workforce in the United States starting Tuesday (Aug 13) ...
GM cuts China jobs as it resets in world’s biggest car market
GENERAL Motors (GM) has been laying off staff in China and will soon meet with local partner Saic to plan ...
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