Cuts

Volkswagen cut its guidance for the second time this year, warning that falling demand will undermine the German automaker's profitability as it battles with unions over potential job cuts and unprecedented factory closures. The…

The International Credit Classification Agency has issued a harsh report on the classification of the Israeli economy, announcing in an exceptional move that it reduced the country's rating by two degrees from A2 to BAA1,…

FRANKFURT (Reuters) - ThyssenKrupp's (ETR:) steel division's new head told a German newspaper that its 27,000 steelworkers should prepare for deep cuts, paving the way for a large number of layoffs. "Strict cuts are necessary. We have to…

MacklemThe rates market is evenly divided on whether the Bank of Canada will cut by 50 or 25 basis points on October 23.Today's GDP report was slightly better than expected at +0.2% vs. +0.1% expected but the advance reading for August was…

Written by Nathan Fevlin (Reuters) - French auto parts supplier Forvia cut its annual sales and profit forecasts for the second time in three months on Friday, reflecting weakness in European and North American markets and a delay in…

The Swiss National Bank (SNB) announced a 25 basis point interest rate cut on Thursday 26 September 2024, to 1.00% as was widely expected. This marks the third consecutive interest rate cut by the central bank, which also indicated that…

Headlines:Markets:AUD advances, USD lags during the dayEuropean stocks rise; S&P 500 futures up 0.8%The yield on the 10-year US Treasury note fell 0.9 basis points to 3.771%.Gold rises 0.8% to $2,678.03West Texas Intermediate crude fell…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

Kiki McDonough, a favourite jewellery designer of Princess Diana, Kate Middleton and Queen Camilla, has cut the prices of her products by 20% in an attempt to offset the effects of the so-called “tourist tax”. This summer,…

Investment firm Centum has restructured a N3.1 billion dual currency loan from Standard Bank of South Africa into a shell facility, allowing the company to avoid exchange rate risk on the facility in the event of future weakness of the…