Cuts
UBS starts job cuts at Asia wealth unit after profit slump
UBS Group started cutting jobs at its Asia private banking division this week as a slump in profits weighs on the region’s largest wealth manager, according to people familiar...
BNP Paribas hikes cost cuts by 400 million euros after weak results
BNP Paribas, the eurozone’s largest bank, on Wednesday said it will step up its cost-cutting plan by 400 million euros (S$582.7 million) after reporting weak results for the fourth...
PwC Australia cuts hundreds of jobs in overhaul to lower costs
PWC Australia has begun a round of job cuts that will reduce headcount by more than 300 staff, part of a broader restructure at the embattled firm that is...
Shell considers slowing the pace of its carbon emissions cuts
SHELL has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to people familiar with the matter. Any changes to the company’s...
US: S&P 500, Nasdaq rise after jobs report lifts bets on early Fed rate cuts
THE S&P 500 and the Nasdaq opened higher on Friday (Mar 8) after data showing a rise in the unemployment rate and moderation in wage gains boosted expectations that...
Red Sea crisis could fan Asia’s inflation anew, delay rate cuts
ASIA could see slower economic growth and a resurgence of inflation as escalating violence in the Red Sea snarls shipping between the region and their trade partners in the...
Gold poised for best week in five months as Powell hints at rate cuts
GOLD prices on Friday were on track for their biggest weekly jump in five months, hovering near a record peak, as Federal Reserve Chair Jerome Powell’s comments reinforced investor...
US: Stocks hit fresh records as Powell signals rate cuts ahead
STOCKS on Wall Street closed higher, with both the S&P 500 and the Nasdaq finishing at new records amid a midweek bounce fueled by tech stocks including Nvidia. Remarks by Federal Reserve...
