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  • GM Cutting Hundreds of jobs to Reduce Costs

    GM Cutting Hundreds of jobs to Reduce Costs0

    General Motors Co is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday. The global reductions are in the “low hundreds,” the person said. GM Chief People Officer Arden Hoffman said in a letter to employees on Tuesday

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  • Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists

    Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists0

    Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns over rising interest rates and anticipation of key U.S. economic readings this week kept traders largely on the sidelines. The yellow metal marked four consecutive weeks of losses as hotter-than-expected U.S. inflation and signs of

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  • Oil Prices Rangebound As Markets Await China, U.S. Economic Cues

    Oil Prices Rangebound As Markets Await China, U.S. Economic Cues0

    Oil prices moved in a small range on Tuesday as traders awaited more cues from Chinese and U.S. business activity readings due this week, although fears of rising interest rates and slowing economic growth saw markers nursing steep losses. Crude markets cut short a three-day gaining spree on Monday as markets reassessed their outlook for

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  • Ukraine’s Economy Stabilizes After Shock of War

    Ukraine’s Economy Stabilizes After Shock of War0

    When Russia invaded Ukraine a year ago, the shelves of the Novus supermarket chain in Kyiv quickly emptied as its supply chains – domestic and overseas – collapsed. Fresh produce became scarce and panic buying spread. Oleksiy Panasenko, deputy director general for operations at the popular outlet, recalls how the business reeled before Novus, like

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  • Oil Prices Move Little in Anticipation Of More China Cues

    Oil Prices Move Little in Anticipation Of More China Cues0

    Oil prices kept to a tight range on Monday amid persistent concerns over high inflation and rising U.S. interest rates, while traders awaited more cues on demand from key Chinese economic readings this week. Readings on China’s Purchasing Mangers’ Index (PMI) for February are due on Wednesday. Indicators for January had portrayed a somewhat mixed

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  • Abandon Hope, Cineworld Tells Shareholders

    Abandon Hope, Cineworld Tells Shareholders0

    Cineworld (LON:CINE) shareholders are set to be wiped out completely after talks to bring the company out of bankruptcy failed to attract enough interest from buyers. The owner of the Regal chain of cinemas, which collapsed under the weight of its debts last year, said it had failed to persuade potential buyers to make a

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