Cuts
CGSI downgrades Delfi, cuts target price as high cocoa prices sour sentiment
[SINGAPORE] CGS International (CGSI) has downgraded its recommendation on chocolate confectioner Delfi to “hold”, from “add” previously, and slashed its target price by more than 19 per cent to...
Australia’s central bank cuts rates to two-year low of 3.85%
[SYDNEY] Australia’s central bank on Tuesday (May 20) cut its main cash rate by 25 basis points to a two-year low of 3.85% citing a darker global outlook and...
Asia: Markets rebound to track Wall Street up as China cuts rates
[HONG KONG] Asian markets rose on Tuesday as investor sentiment returned following the previous day’s US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic...
China’s central bank cuts two key rates to historic lows
[BEIJING] China’s central bank on Tuesday (May 20) cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid seesaw trade tensions with the...
Guinness-owner Diageo plans cost cuts, asset sales to reduce debt
[BENGALURU] Diageo unveiled a plan on Monday (May 19) to cut US$500 million in costs and make substantial asset disposals by 2028, as the maker of Johnnie Walker whisky...
Tech stocks could rally on US-China tariff truce, impending tax cuts: Stanchart
[SINGAPORE] A pause in US-China tariffs could provide a boost to technology stocks, which earn significant revenue from exports, Standard Chartered bank has said.In its wealth solutions weekly market...
Nissan is rolling out big cuts. Turning around sales will prove harder
[TOKYO] Nissan’s new chief executive Ivan Espinosa faces an uphill task turning around the troubled Japanese automaker with no guarantee it can reverse sliding top-line sales, analysts said, even...
Swiss court rules Credit Suisse bonus cuts were unlawful
The bonus measures affected around 1,000 people, some of whom challenged the decision with Switzerland’s Federal Administrative CourtPublished Wed, May 14, 2025 · 06:10 PM[ZURICH] A top Swiss court...
