Cuts
Speculative traders turn short dollar as Fed rate cuts loom
SPECULATIVE traders turned bearish on the dollar for the first time since February as the Federal Reserve looks set to kick off its easing cycle in September.Hedge funds, asset...
Shell plans wide cuts in oil exploration division, sources say
Shell plans to scale back its oil and gas exploration and development workforce by 20 per cent as CEO Wael Sawan widens his cost-saving drive to the highly profitable...
Federal Reserve’s Bostic says it is ‘time to move’ on rate cuts, but wants to be sure
FEDERAL Reserve Bank of Atlanta President Raphael Bostic on Wednesday said that with inflation down farther and the unemployment rate up more than he anticipated, it may be “time...
Federal Reserve official says it is ‘time to move’ on rate cuts, but wants to be sure
FEDERAL Reserve Bank of Atlanta President Raphael Bostic on Wednesday said that with inflation down farther and the unemployment rate up more than he anticipated, it may be “time...
Fed rate cuts have mixed impact on stocks, so don’t get carried away
Investors should carefully examine the thesis for any purchases, especially since equities have been on a generally upward trajectory for the last two yearsTHE United States Federal Reserve is...
Regulator cuts Malaysia Airlines’ air operator certificate duration after probe
Malaysia’s civil aviation regulator has cut the duration of Malaysia Airlines’ air operator certificate to one year from three years, following a probe into technical issues faced by the...
Apple cuts jobs in digital services groups as priorities shift
APPLE took the rare step of cutting about 100 jobs in its services group, part of a shift in priorities for the critical division, according to sources with knowledge...
Oil climbs 3% as Libya output cuts further supply concerns
OIL prices settled 3 per cent higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East.Brent crude futures...
