Subsidies and price cuts drive China’s car sales recovery in May
CHINA’S vehicle sales recovered in May from the previous months, thanks in part to government subsidies. Retail sales of passenger ...
Tag: Cuts
US: S&P 500, Nasdaq at records despite Fed seeing fewer rate cuts in 2024
THE S&P 500 and Nasdaq finished at fresh records on Wednesday following improved inflation data as the Federal Reserve kept ...
Stablecoin issuer Paxos cuts 20% of workforce
STABLECOIN issuer Paxos has cut its workforce by about 20 per cent, or 65 people, according to an e-mail obtained ...
Bank of Japan expected to weigh bond buying cuts as rate hike timing nears
THE Bank of Japan (BOJ) is broadly expected to discuss cutting bond purchases at a policy meeting ending on Friday ...
Analysts anticipate more interest rate cuts with ECB expected to start ‘dialling back’
WHILE the latest interest rate cuts by the European Central Bank (ECB) came largely in line with market expectations, analysts ...
Optica cuts ties with Huawei after secret funding exposed
THE Optica Foundation will no longer accept money from Huawei Technologies for a competition to fund cutting-edge research at United ...
Oil settles higher on hopes Fed will track European Central Bank rate cuts
OIL settled up 2 per cent on Thursday (Jun 6) after the European Central Bank (ECB) opted to cut interest ...
ECB to begin cuts but path beyond gets murkier
THE European Central Bank (ECB) is poised to start lowering interest rates from record highs, confident that inflation is sufficiently ...
Bank of Canada cuts rates for first time in four years
The Bank of Canada (BOC) on Wednesday (Jun 5) trimmed its key policy rate by 25 basis points to 4.75 ...
Paramount seeks streaming partner, US$500 million in cost cuts
PARAMOUNT Global, the parent of CBS and MTV, is considering joint-venture options for its streaming service and has identified US$500 ...
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