Business
Oil steady as markets weigh Fed rate cut expectations, Chinese demand
Oil prices were little changed at their settle on Friday (Dec 20) as markets weighed Chinese demand and interest rate-cut expectations…
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Cut
Business
Philippines may open 2025 with rate cut, central banker says
THE Philippine central bank is open to delivering another rate cut in its first monetary policy meeting next year, governor Eli Remolona…
Business
US: Wall St jumps at open after selloff on Fed rate cut caution
WALL Street’s main indexes broadly rose at the open on Thursday (Dec 19), a day after the Federal Reserve’s projections of…
Business
S-Reits fall despite US Fed’s 25-basis-point rate cut
SINGAPORE-LISTED real estate investment trusts (S-Reits) were a sea of red on Thursday (Dec 19) afternoon, even after the US Federal…
Business
S-Reits fall despite Fed’s 25-basis-point rate cut
SINGAPORE-LISTED real estate investment trusts (S-Reits) were a sea of red on Thursday (Dec 19) afternoon, even after the US Federal…
Business
Gold at one-month low after Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace of its…
Business
Gold at one-month low after US Fed flags slower rate cut pace next year
GOLD prices languished near a one-month low on Thursday (Dec 19) after the US Federal Reserve indicated it would slow the pace of its…
Business
Bank of England set to skip rate cut as stagflation looms
THE Bank of England (BOE) is likely to warn of only gradual interest-rate cuts in 2025, ending the year with a cautious message to…
Business
Euro, US dollar steady before ECB decision, Swiss franc falls on large rate cut
THE US dollar was broadly steady on Thursday (Dec 12) while the euro traded a touch higher before the European Central Bank’s monetary…
Business
Bitcoin lifted above US$100,000 on firming expectations of Fed cut
BITCOIN renewed a climb past US$100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut.…
News
Volkswagen braces for fresh strikes as salary cut talks resume
Workers at Europe's largest carmaker, Volkswagen, are set to launch rolling strikes at nine plants in Germany for the second time in a…
Business
ECB to cut rates again amid bleak eurozone outlook
THE European Central Bank (ECB) is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in…
Business
Bond traders see inflation data as key to cinching next rate cut
BOND traders are hoping to coast to the end of a volatile year – unless a surprise jump in inflation throws them another curve. Treasuries…
Politics
Zimbabwe parliament hit by power cut during budget speech
A power cut plunged Zimbabwe's parliament into darkness as Finance Minister Mthuli Ncube was finishing his budget speech. The lights…
News
Car supplier Bosch to cut working hours for employees in Germany
German automotive supplier Bosch logo is pictured on a plant of the industrial group in Schwaebisch Gmuend. Bernd Weißbrod/dpa In addition…
Politics
Canada's Trudeau to cut sales tax and send checks to millions of Canadians as election looms
HALIFAX, Nova Scotia (AP) — Canadian Prime Minister Justin Trudeau 's government announced plans Thursday to temporarily lift the federal…
Business
Ford to cut 4,000 European jobs amid economic and EV challenges
Ford Motor Co. will reduce its European workforce by 4,000 employees by the end of 2027, citing economic pressures, weaker-than-expected…
News
Ford to cut 4,000 jobs in Europe
Auto giant Ford has announced another 4,000 job cuts, concentrated in Germany and Britain (INA FASSBENDER) US car giant Ford on Wednesday…
Politics
Austrian chancellor says Ukraine policy firm despite Russia's gas cut
Austria will stick to its Ukraine policy despite Russia halting natural gas deliveries to the country starting from the weekend,…
Politics
Austria says Russia's Gazprom will cut off natural gas supply this weekend
VIENNA (AP) — Russia’s state-owned natural gas company Gazrom will cut off supplies to Austria’s OMV utility early Saturday, Austria’s…
Business
Volkswagen aims to cut worker anniversary bonuses amid pay dispute
Anniversary bonus payments to long-time Volkswagen employees are among the many pay perks company bosses want to slash as part of deep…
Business
Historic moment for Volkswagen: Automaker plans to close ‘at least’ 3 German plants and cut thousands of jobs
Volkswagen plans to close “at least” three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the…
Business
HK Leader May Focus on Economy, Liquor Tax Cut in Speech
(Bloomberg) -- Hong Kong’s leader is expected to make bolstering the economy a priority in an annual speech this week, using it to lay out…
Business
SK On to cut workforce as battery demand slumps
South Korean battery manufacturer SK On Company plans to cut its domestic workforce as it looks to ride out the current downturn in global…