Cuts

Metro Bank is axing 20 per cent of its workforce in a bid to cut costs, days after its investors backed a £925million rescue package. The embattled lender is also ‘reviewing’ seven day opening and extended hours across its branch…

SlavkoSereda/iStock via Getty Images U.S. crude oil surrendered early gains and tumbled more than 2% Thursday, even after OPEC+ announced some member nations agreed to voluntary cuts approaching 2M bbl/day starting in January, as…

OIL PRICE FORECAST:Oil Failed at the 200-Day MA as the Technical and Fundamental Factors Weighed on the Price.OPEC+ Announce 2 Million bpd Cuts for Q1 2024 but it Appears Markets Expected More.Will the Bulls Recover or is a Retest of $70 a…

EUR/USD Forecast - Prices, Charts, and Analysis Recommended by Nick Cawley Introduction to Forex News Trading Most Read: Euro (EUR) Forecast: EYR/USD and EUR/GBP Week Ahead OutlooksInflation in the Euro Area continue…

British banking giant Barclays is seeking savings of $1.25 billion. Consequently, the bank plans to lay off up to 2,000 people and part ways with thousands of investment banking clients who have relatively low capital. Dedicated Forex…

Breadcrumb Trail LinksPMN BusinessSaudi Arabia is asking others in the OPEC+ coalition to reduce their oil-output quotas in a bid to shore up global markets but some members are resisting, delegates said.Author of the article:Bloomberg…

As expected, the Bank of Israel Monetary Committee, headed by Governor Prof. Amir Yaron, has left the interest rate unchanged at 4.75% for the fourth consecutive meeting. In view of the war, the Monetary Committee said…

Main Takeaways from the 2023 UK Autumn StatementMain national insurance rate to be cut by 2%, from 12% to 10% for 27 million peopleFull expensing of capital investment for businesses made permanent. Business investment to improve by £20bn…

BOE Bailey:Far too early to be thinking about rate cutsReturning inflation to 2% target remains our absolute priorityWhen inflation is high, we take no chancesThe tragic events in the Middle East have added upside risk to energy pricesLabor…

OIL PRICE FORECAST:Oil Recovery Now Up 7%+ from Last Week's Lows with $80 a Barrel Now in Sight.Speculation Continues to Mount Around Further Supply Cuts from OPEC+ as the Organization Meets Later this Month.Technical Hurdles Ahead May…