Cuts
CBS News president to step down as Paramount eyes cost cuts amid merger
CBS News President Ingrid Ciprian-Matthews will step down from her role amid a shakeup at media giant Paramount Global, which is set to merge with Skydance Media, according to...
Volkswagen cuts forecast on Audi plant closure, additional expenses
VOLKSWAGEN (VW) lowered its margin outlook for the year, citing costs related to a potential Audi plant closure in Belgium after disappointing demand for some electric vehicles (EVs) and...
US dollar gains as Fed’s Powell cautious on rate cuts
THE US dollar gained on Tuesday (Jul 9) after Federal Reserve chair Jerome Powell acknowledged progress in inflation, but did not give a clear signal that the US central...
Bank of Japan sounds out market players before finalising bond-buying cuts
THE Bank of Japan (BOJ) will speak face-to-face with market participants over the next couple of days in key meetings aimed at gauging a realistic pace for a reduction...
Brokers’ take: Citi cuts GoTo price target on more conservative assumption
CITI Research, working on more conservative assumptions, has lowered its price target for GoTo to 95 rupiah (0.8 Singapore cent) from 195 rupiah.The research house noted in a report...
BYD sales rise to a record on price cuts, tech upgrades
BYD sold a record number of electric and hybrid cars in the second quarter, sales data compiled by Bloomberg News shows, as price cuts and new technology stoked consumers...
BYD sales rise to a record on price cuts, tech upgrades
BYD sold a record number of electric and hybrid cars in the second quarter, sales data compiled by Bloomberg News shows, as price cuts and new technology stoked consumers...
China’s CCB cuts pay of headquarters staff by at least 10%: sources
CHINA Construction Bank Corp (CCB), the nation’s second-largest commercial bank by assets, has asked employees at its headquarters to take a pay cut of at least 10 per cent,...
