Cuts
BNP weighing up to 150 job cuts in Geneva to slash costs
BNP Paribas is considering eliminating as many as 150 jobs in Geneva in a bid to cut costs and streamline its operations, according to sources familiar with the matter.
The...
Pfizer lifts 2024 profit view on cost cuts, higher Covid vaccine demand
PFIZER lifted its annual profit forecast on Wednesday (May 1), banking on cost cuts and better-than-expected demand for its Covid antiviral treatment and vaccine.The US drugmaker’s shares rose nearly...
GoTo narrows Q1 loss to 420 billion rupiah with TikTok deal, cost cuts
INDONESIA’S GoTo Group slashed losses to 420 billion rupiah (S$35.2 million) for the three months to Mar 31 – a fraction of its year-ago 2.8 trillion rupiah loss. This...
Asset manager Value Partners cuts one-third of China staff in overhaul: sources
HONG Kong-listed asset manager Value Partners Group is cutting about one-third of its China staff as it looks to restructure the business to boost profit amid weaker markets, two...
Fading bets of early RBA cuts frustrate Albanese reelection plan
AUSTRALIAN Prime Minister Anthony Albanese faces a bumpy road to reelection with sticky inflation pushing back the timetable for interest-rate relief, raising the prospect of further financial stress for...
Wall Street bulls say stock rally can resume even without rate cuts
ROBUST global economic growth may offer equities enough support to resume a record-breaking rally, even if bets on Federal Reserve interest rate cuts this year are completely abandoned.After the...
Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings
SINGAPORE’S local banks are unlikely to surprise in their earnings for the first quarter of 2024. But a potential delay in interest-rate cuts in the US should boost their...
Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings
SINGAPORE’S local banks are unlikely to surprise in their earnings for the first quarter of 2024. But a potential delay in interest-rate cuts in the US should boost their...
