Cuts
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 a rebound in orders, but also announced plans 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 slumps and inflation slows. The local dollar plunged.The Reserve...
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 development of its flagship cancer-detection test Galleri, sending its...
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 demand.Organic operating profit will rise between 4 per cent...
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) as part of its planned job cuts, the media...
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 a larger structural overhaul of its operations there, a...
Opec cuts oil demand growth forecast, highlighting dilemma over Oct hike
OPEC on Monday (Aug 12) cut its forecast for global oil demand growth in 2024 citing softer expectations for China, a reduction that highlights the dilemma faced by the...
Opec cuts 2024 oil demand growth forecast, citing China
OPEC on Monday (Aug 12) cut its forecast for global oil demand growth in 2024, citing weaker than expected data for the first half of the year and softer...
Singapore banks keep guard against rate cuts, market volatility in Q2, but expect to remain strong
They have taken various measures to reduce their interest rate sensitivity, lower funding costs, and ensure enough capitalSINGAPORE banks continue to shore up against market volatility and impending rate...
