Cuts
PwC cuts 60 Canadian jobs, bracing for economic slowdown
PricewaterhouseCoopers, the global accounting firm, eliminated 60 jobs in Canada as the company braces for the fallout from the nation’s economic slowdown, according to people familiar with the situation.The...
London’s FTSE 100 hits new high after BOE signals rate cuts
Britain’s FTSE 100 scaled a record high on Thursday (May 9) after the Bank of England kept interest rates unchanged, but investors cheered increasing indications that more policymakers are...
Tesla ramps up job cuts in China as sales slowdown bites
Tesla’S job cuts are escalating in China, according to people familiar with the matter, as Elon Musk contends with growing pressure to win back share in the world’s biggest...
Asia: Markets mixed as traders eye rate cuts
ASIAN traders fought to get a recent rally back on course on Thursday following a tepid lead from Wall Street but record performance in Europe highlighted optimism that central...
Swedish central bank lowers key rate, sees two more cuts this year
Sweden’s central bank cut its key interest rate to 3.75 per cent from 4.00 per cent on Wednesday (May 8) as expected, and said it was likely to cut...
Google updates US$499 low-end Pixel phone, cuts tablet price
ALPHABET’S Google rolled out a new version of its US$499 lower-end Pixel smartphone, aiming to entice budget-minded shoppers with an updated screen and artificial intelligence (AI) features. The Pixel...
BlackRock cuts jobs in muni business under new leadership
BLACKROCK, the world’s largest money manager, cut fewer than 10 jobs in its municipal bond department under the new leadership of Patrick Haskell, according to a source familiar with...
Brokers’ take: DBS cuts Venture Corp price target after Q1 earnings miss
DBS Group Research has lowered its price target for Venture Corp : V03 0% to S$16.40 from S$16.90 previously after the technology solutions provider posted weaker-than-expected financial earnings for...
