Cuts
Government cuts industrial land supply on confirmed list by 30% in H2
The five confirmed sites are in Jalan Papan, Lok Yang Way, Tuas Bay Drive, Kaki Bukit and Tukang Innovation Drive THE government has launched five sites on the confirmed...
FedEx soars as cost cuts drive better-than-expected forecast
FEDEX forecast profit above Wall Street’s expectations and said it would buy back US$2.5 billion of its stock over the next year, lifting its shares on signs that a...
Airbus cuts guidance as supply-chain snags continue to bite
AIRBUS cut its earnings and aircraft-delivery goals for the year as persistent supply-chain issues continue to deprive the European planemaker of vital components, dealing a setback to the company...
Fed rate cuts, ‘reverse globalisation’ may spur relatively undervalued Singapore, Asian stocks
FOMC meeting participants are now projecting only one rate cut this year, while both Biden and Trump want tariffs on imports from ChinaABOUT a year before the pandemic struck,...
Ford plans further job cuts in Europe, German works council says
FORD plans further job cuts in Germany, Spain and the UK, the head of the worker’s council for the US automaker in Germany told Reuters on Tuesday (Jun 18).
It...
‘Door open’ for multiple cuts this year despite Fed’s move to hold rates steady
DESPITE the US Federal Reserve dialling back on its forecast for cuts following its latest policy meeting, analysts say that the “door is open” for two cuts this year,...
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 cars dropped 1.9 per cent from a year earlier...
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 interest rates level.The broad-based S&P 500 rose 0.9 per...
