Category: cutting
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Jerusalem Red Line extension awaits ribbon cutting
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“Globes” has learned that safety approvals to open the extension of the Rail Light Rail Line Line Line Line line were received last week. However, the final approval was delayed from the Ministry of Transport, while a date was found for the ribbon cutting ceremony attended by Prime Minister Benjamin…
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Jerusalem Red Line extension awaits ribbon cutting
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“Globes” has learned that safety approvals to open the extension of the Rail Light Rail Line Line Line Line line were received last week. However, the final approval was delayed from the Ministry of Transport, while a date was found for the ribbon cutting ceremony attended by Prime Minister Benjamin…
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Bank of Canada Sees Trade War Permanently Cutting Output by 2.5%
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(Bloomberg) – The supply lines are a daily news message that tracks world trade. Subscribe here. Most of them read from Bloomberg While Bank of Canada’s governor Tif McLim insists on an end to the monetary policy response to the tariff warfare, he has a clear vision of the damage…
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Resurging UK Inflation Will Keep BOE Cautious on Cutting Rates
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Breadcrumb Trail Links PMN Business UK inflation probably hit its highest level in 10 months in January, continuing a resurgence in price pressures that has made the Bank of England wary over rushing into interest-rate cuts. Author of the article: Bloomberg News Tom Rees and Craig Stirling Published Feb 15,…
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BP cutting 4,700 jobs worldwide as part of cost-saving drive
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LONDON (AP) — U.K.-based oil company BP is cutting 4,700 jobs worldwide and another 3,000 contractor jobs as part of a cost-saving drive. In an email to employees Thursday seen by The Associated Press, CEO Murray Auchincloss said the job losses “account for much of the reduction expected this year.”…
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Bank of America now sees Fed cutting 25 bps in November from 50 bps
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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JPMorgan now sees the Fed cutting by 25 basis points
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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China tells banks to start cutting rates on existing mortgages By Reuters
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BEIJING (Reuters) – The People’s Bank of China (China’s central bank) told commercial banks on Sunday to begin cutting interest rates on all outstanding home loans, in a sweeping move to help ease the mortgage burden on households hurt by the economic slowdown. All commercial banks must, in batches, cut…
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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Disney lays off hundreds in cost cutting measure
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The Walt Disney Company is laying off workers companywide as part of ongoing efforts to improve business profitability. “As part of this ongoing improvement work, we have reviewed the cost structure of our functions across the company and determined that there are ways to run them more efficiently,” the company…
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Expert explains why central banks are cutting rates By Investing.com
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In the current economic climate, central banks around the world are considering or are already cutting interest rates. This decision is not without controversy, with some critics arguing that such moves may be ineffective in preventing recession or even exacerbate economic problems. However, as economists at TS Lombard have argued,…
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U.S. refiners cutting Q3 output across the board on weaker margins, plant overhauls
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SlavkoSereda/iStock via Getty Images Crude oil futures rose for a fourth straight session on Friday and posted their first weekly gain in five weeks, supported by tightening inventories, especially in the United States, and a fundamental risk premium around tensions in the Middle East. Analysts said A drop in initial…
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Mobileye slumps after cutting 2024 guidance
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Israeli Advanced Driving Assistance Systems (ADAS) stock price Mobily International Company (Nasdaq: MBLY) is trading sharply lower in premarket trading on Wall Street after disappointing the market with a lowered outlook. The company, led by CEO and co-founder Amon Shashua, expects annual revenue of $1.6 billion to $1.68 billion, down…
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HSBC Joins UK Banks in Cutting Mortgage Rates
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HSBC has announced cuts to its mortgage interest rates, joining Barclays and NatWest in a move that follows hints from the Bank of England about the possibility of a key interest rate cut over the summer. Barclays cut fixed-rate home loan costs for new deals on Tuesday, with HSBC’s cuts…
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Citi sees the Fed, the ECB, and the BOE all cutting rates in September By Investing.com
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In its Global Economic Outlook, Citi economists said they expect the Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BOE) to cut interest rates in September. The bank said its forecasts aim to balance three main themes: resilient service sectors, persistent inflation above official targets,…
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Dollar bounces off tow-month lows; ECB seen cutting rates this week By Investing.com
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Investing.com – The US dollar rose in early European trade on Wednesday, rebounding from two-month lows before more clues on future monetary policy emerged. At 03:40 EDT (08:40 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.2% to 104.265, after falling…