Cuts
Singapore shares rally after US Fed commits to rate cuts
SINGAPORE shares rallied after the US Federal Reserve overnight made clear its commitment to three rate cuts, putting the flattish performance in the past few days behind them. The...
Gold hits record high as US Fed sticks to three rate cuts in 2024
GOLD prices surged to a record high on Thursday (Mar 21) after the US Federal Reserve left interest rates unchanged in a widely expected move and stayed on track...
Barclays readies hundreds of job cuts in investment bank
BARCLAYS is preparing to cut several hundred jobs within its investment bank division as the firm embarks on a yearslong efforts to trim costs and boost profits within the...
Citi cuts London investment bankers as drought in deals persists
CITIGROUP is cutting jobs within its investment banking division in London, becoming the latest Wall Street giant to trim headcount as the slump in global dealmaking enters its third...
US: Indices end at records as Federal Reserve confirms plant for 2024 rate cuts
MAJOR Wall Street indices surged to fresh records on Wednesday after the Federal Reserve reaffirmed plans for interest rate cuts in the coming months, cheering investors who had feared...
US Federal Reserve sees three rate cuts in 2024 but a more shallow easing path
FEDERAL Reserve Chair Jerome Powell said on Wednesday recent high inflation readings had not changed the underlying “story” of slowly easing price pressures in the US as the central...
JetBlue cuts unprofitable routes in overhaul of flight network
JETBLUE Airways will eliminate unprofitable routes in California and Florida and drop service to several cities in South America, a sweeping overhaul of its network as the carrier looks...
Brokers’ take: RHB cuts Delfi target on narrowing margin amid cocoa price hikes
RHB has lowered its target price for chocolate confectioner Delfi to S$1.33 from S$1.55 after trimming earnings forecasts. Despite staying positive on the company’s growth outlook, RHB analyst Alfie...
