Cuts
Deutsche Bank cuts investment bank bonuses more than 10%
DEUTSCHE Bank ut the bonus pool at its investment banking division by more than 10 per cent after a slump in deals and a slowdown in trading last year....
Over 75% of S-Reits log DPU declines in H2; expected interest rate cuts may offer reprieve
HIGHER interest costs continued to weigh on distributions for locally listed real estate investment trusts (S-Reits) in the second half of 2023. More than three-quarters of the trusts that...
US dollar slips as Fed’s Powell says he still expects rate cuts this year
THE US dollar slipped to a one-month low against the euro on Wednesday (Mar 6) after Federal Reserve chair Jerome Powell said continued progress on inflation “is not assured,”...
Morgan Stanley cuts 9% China fund unit staff amid market rout: sources
MORGAN Stanley has laid off about 9 per cent of its staff at its asset management business unit in China, two people with direct knowledge of the matter said,...
Saudis lift oil price to Asia after Opec+ extends output cuts
Saudi Arabia increased prices of its main oil grade to buyers in Asia next month after the Opec+ group agreed to extend output cuts into the middle of the...
Oil nudges higher after Opec+ extends output cuts
OIL prices nudged higher on Monday after Opec+ members agreed to extend voluntary oil output cuts to the end of the second quarter, largely in line with market expectations, while Russia pledged...
Santander cuts some 300 jobs in US branches in shift to digital
BANCO Santander has cut roughly 320 jobs in the United States as it seeks to focus more on digital operations, according to a source familiar with the matter. Spain’s...
Some Opec+ members agree to extend voluntary cuts to Q2: sources
SOME members of the Organization of the Petroleum Exporting Countries and allies led by Russia (Opec+) have agreed to extend voluntary first-quarter oil output cuts into the second quarter,...
