India focuses on growth with larger-than-expected 50 bps cut in key rate; slashes reserve ratio
The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a ...
Tag: Slashes
South Korea central bank cuts rate, slashes 2025 growth forecast
Published Thu, May 29, 2025 · 10:17 AM South Korea’s central bank cut interest rates on Thursday in a bid ...
Chinese EV stocks tumble after BYD slashes prices as much as 34%
BYD led Chinese electric vehicle stocks lower in Hong Kong on Monday (May 26), as investors digested the auto giant’s ...
Trump’s Budget Slashes $163 Billion in Domestic Spending, Prioritizes Defense and Border Security
Former President Donald Trump's proposed federal budget seeks to cut $163 billion from non-defense programs, including education, housing, and public ...
GM slashes guidance with up to US$5 billion hit from tariffs
General Motors cut its full-year profit outlook citing as much as US$5 billion of exposure to auto tariffs, among the ...
Citigroup slashes promotions as it seeks to overhaul bank, FT reports
CITIGROUP is cutting the number of year-end promotions it awards as it seeks to hold costs down amid a long-term ...
TikTok slashes hundreds of jobs in AI shift
SOCIAL media platform TikTok said it will slash hundreds of jobs, with a significant number of employees in Malaysia expected ...
MoneyHero slashes Q2 loss to US$12.2 million on higher revenue
NASDAQ-LISTED MoneyHero reported a net loss of US$12.2 million for the second quarter ended Jun 30, narrowing from a loss ...
Mercedes slashes outlook in latest blow to German industry
MERCEDES-BENZ Group cut its financial forecast for the year as the luxury-car maker cited a rapid deterioration of its business ...
Federal Reserve Slashes Interest Rates by Half Point, Its First Cut Since the Pandemic as Stocks Rally
The Federal Reserve on Wednesday implemented its first interest rate cut since March 2020, slashing benchmark rates by half a ...
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