NEW YORK – Wall Street stocks retreated on Feb 16 after a bigger than expected increase in wholesale prices poured cold water on hopes that the Federal Reserve would cut interest…
DUBLIN – Ireland will slash the allowance for newly arrived Ukrainian refugees using state accommodation to 38.80 euros ($41.90) per week from 220 euros and put a 90-day limit on…
LONDON – President Vladimir Putin touted Turkey on Thursday as the best route for redirecting gas supplies to the European Union after the Nord Stream pipeline leaks, while…
EDINBURGH – Rory McIlroy missed the cut at the Scottish Open on Friday (July 9) to round off a difficult day for the Northern Irishman after a spectator ran onto the course to take a club…
BEIJING – China’s State Council signaled the central bank could make more liquidity available to banks in order to boost lending to businesses, including by cutting the amount of money they…
SINGAPORE – OCBC Bank will be reviewing its office space requirements and may be cutting down on its number of branches, said chairman Ooi Sang Kuang on Thursday during the lender’s annual…
ISLAMABAD – Pakistan International Airlines (PIA) will lay off half of its 14,000 employees, replace some of its fleet and permanently close loss-making routes in a bid to become profitable…
SINGAPORE – DBS Group Holdings is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic. South-east Asia’s…
THE HAGUE – Dutch brewing giant Heineken said on Wednesday (Feb 10) it would cut around 8,000 jobs worldwide as the coronavirus pandemic kept much of the hospitality sector closed.…
BEIJING – Drugmakers from AstraZeneca and GlaxoSmithKline to BeiGene have agreed to cut prices of some of their newest innovative drugs in China by an average of 50.6 per cent in order to…