Cuts
BASF plans more German cuts even as group profit set to rebound
GERMANY’S BASF will slash another one billion euros (S$1.5 billion) in annual costs at its Ludwigshafen headquarters, citing weak demand and high energy costs in its home market, highlighting...
Vice Media stops publishing on website and cuts hundreds of jobs
Vice Media Group filed for bankruptcy in May and was bought by Fortress Investment Group. Source link
Singapore stocks rise after China cuts mortgage reference rate; STI up 0.6%
THE Straits Times Index (STI) rose 0.6 per cent or 18.15 points to 3,244.06 on Tuesday (Feb 20). Across the broader market, gainers beat losers 281 to 251 after...
NatWest sees revenue dropping with rate cuts on horizon
NATWEST Group said revenue is likely to drop this year as the firm’s businesses face pressure from falling interest rates. The firm now expects total income for the year...
Brokers’ take: RHB cuts ThaiBev target on lower earnings forecast; positive on recovery
RHB on Friday (Feb 16) cut its target price on Thai Beverage (ThaiBev) to S$0.76 from S$0.82, after revising its earnings estimates for FY2024 to FY2026. The research team...
Federal Reserve’s Bostic eyes two cuts amid expected uneven progress on inflation
FEDERAL Reserve Bank of Atlanta President Raphael Bostic said on Thursday that he saw fewer interest rate cuts for 2024 in his last forecasts compared with his colleagues in...
Waitrose cuts prices after losing out to rival supermarkets
WAITROSE has announced £30 million (S$51 million) worth of price cuts as the upmarket British grocer tries to win back shoppers it lost during the cost-of-living crisis. The supermarket...
Tata Motors cuts EV prices between 1%- 8%, first by an Indian carmaker
INDIAN automaker Tata Motors’ electric vehicle (EV) unit on Tuesday (Feb 13) said it has reduced prices of its cars by up to 120,000 rupees (S$1,945) in what is...
