Cuts
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
PRICES of Singapore-listed real estate investment trusts (S-Reits) have faced volatile trading in the past two weeks as interest rate expectations adjust following strong inflation data in the US.The...
Roche cuts pipeline after research setbacks and sales drop
ROCHE Holding cut a fifth of its pipeline of experimental drugs in recent quarters as its new chief executive tries to revive growth after a series of research setbacks....
Singapore-based Amazon execs feel the brunt of job cuts
RECENT job cuts from US e-commerce titan Amazon have affected executive staff in Asia Pacific, Campaign reported.They include Sunil Yadav, who was Amazon Ads’ head of commercial for Europe,...
UPS profit beats estimates as cost cuts offset weak delivery demand
UNITED Parcel Service reported first-quarter profit above estimates on Tuesday (Apr 23) as cost cuts partly offset subdued demand for small-package delivery, sending its shares up 3.5 per cent...
Tesla cuts marketing team in reversal of Musk’s ad strategy
TESLA slashed a newly formed marketing team as part of companywide layoffs, reversing course from a traditional advertising push that chief executive officer Elon Musk greenlighted less than a...
Tesla’s latest price cuts risk wiping out China earnings
TESLA’S price cuts in China could cost the carmaker the entirety of its operating profit in the world’s biggest electric-vehicle market, Evercore ISI warned in a new report.The automaker...
Hong Kong bankers face more job cuts on China slowdown, high pay
HONG Kong investment bankers could face more job cuts as the slowdown in China deals persists and employers look to trim highly compensated staff, according to Bloomberg Intelligence.An estimated...
Tesla cuts prices in China, Germany, and around globe after US cuts
TESLA has cut prices in a number of its major markets – including in China and Germany – after price cuts in the United States – as it grapples...
