Business
Tesla estimates cut further on ‘unprecedented brand damage’
One of Wall Street’s most bearish Tesla analysts further reduced estimates for the company’s earnings, citing the magnitude of car-buyer…
Tag
Cut
Business
Trade war boosts odds of Bank of England pushing ahead with May rate cut
THE threat of a global trade war is set to tip the balance at the Bank of England toward more interest-rate cuts, investors and economists…
Business
UOB trims interest rate on flagship One Account, joins OCBC in 360 Account cut
UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from…
Politics
Gold slips as Trump eases tariff threats, Fed shows caution over rate cut
Gold inched lower on Tuesday (Mar 25) after US President Donald Trump eased concerns by stating that not all of his proposed tariffs would…
Business
Singapore financial sector may cut hiring amid volatile markets, global bank layoffs
The recent series of job cuts underscore the challenges lenders are grappling with; US banks’ layoffs could ripple through to Singapore…
Business
Dollar higher as Fed signals no rush to cut rates, BOE holds rates steady
The dollar rose on Thursday (Mar 20) after the Federal Reserve indicated it was in no rush to cut rates further this year due to…
Business
Singapore shares rise after Fed rate cut pause; STI up 0.6%
Shares on the Singapore bourse ended higher on Thursday (Mar 20), following the US Federal Reserve’s decision to hold off on interest-rate…
Business
Asian markets get ‘breather’ with US Fed’s rate cut pause
The US Federal Reserve’s decision to hold off on interest rate cuts gives Asian markets “a breather” and more room for certainty, said…
Politics
Federal buildings in California potentially on chopping block as Trump looks to cut costs
The future of several prominent federal buildings in California that provide resources for broad swaths of the state’s residents is in…
Politics
DOGE firings provoke heated confrontations, shouts of 'Nazi,' at Republican town halls
YUCCA VALLEY, Calif. — By the time U.S. Rep. Jay Obernolte, a Big Bear Lake Republican, tried asking for unity at his “community coffee”…
Business
Thai central bank surprises with rate cut as risks to growth increase
THE Bank of Thailand unexpectedly cut its key interest rate for the first time in four months, acting after disappointing growth data and…
Politics
What Essential Jobs Will DOGE’s AI Mass-Firing Tool Accidentally Cut?
Elon Musk’s Department of Government Efficiency is working on an artificial intelligence tool that can automate its sweeping (sometimes…
Politics
Who Are the Probationary Federal Workers Being Cut Under Trump?
In news about the Trump administration’s job-slashing effort, one class of federal workers comes up repeatedly: “probationary” employees.…
Politics
Federal Judge Blocks Trump's Executive Order to Cut Funding for Diversity Programs, Citing Free Speech Violations
A federal judge has halted an executive order by former President Donald Trump that aimed to end government support for diversity, equity,…
Politics
Zelensky Surrenders to Trump as He Agrees to Sign US Mineral Deal 'In Very Short Term' after Ukraine Was Cut Out of Peace Talks
Donald Trump seems to have won in his trade standoff with Volodymyr Zelensky, as the Ukrainian leader is now expected to agree to a deal…
Business
IMF calls for Thai rate cut to support inflation, ease debt load
A FURTHER reduction in Thailand’s policy interest rate will help shore up low inflation and ease the burden for local borrowers, according…
Business
Rio Tinto opposes bid to cut London listing, 2024 profit hits five-year low
RIO Tinto does not support a push by some shareholders to consolidate the company’s dual-exchange share listing in Sydney, its CEO said on…
Politics
Hegseth wants to cut Biden-era spending in the Pentagon to fund Trump priorities
Defense Secretary Pete Hegseth wants Pentagon officials to lop off about 8% from the next defense budget to help fund the military…
Business
HSBC unveils share buyback, cost cut targets as new CEO looks to boost returns
HSBC posted an annual profit on Wednesday (Feb 19) that beat estimates, helped by increased revenue in wealth and markets businesses, and…
Politics
Democratic super PAC sets sights on GOP's Medicaid cut proposals
A political action committee that backs House Democrats is gearing up a campaign to go after vulnerable Republicans for proposed cuts to…
Business
Aussie “Big Four” banks cut rates, mirroring central bank
AUSTRALIAN “Big Four” lenders cut their interest rates by 25 basis points on Tuesday (Feb 18), in tandem with the central bank cutting its…
Business
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a…
Business
RBNZ set to deliver third half-point rate cut to revive economy
NEW Zealand’s central bank is set to deliver its third big interest-rate cut in a row and signal further reductions this year to rekindle…
Business
Southwest Airlines Plans to Cut 15% of Its Work Force
Southwest Airlines on Monday announced plans to cut 15 percent of its work force, the first round of broad layoffs in the airline’s…