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COMMERZBANK JOB CUTS
Gold gains as dollar softens, US shutdown jitters persistGold prices climbed on Friday as a weaker dollar and U.S. government shutdown uncertainty boosted safe-haven demand. Wall Street indexes fa...- Long-dated euro zone bonds sell off; Trump slaps on tariffsEuro zone government bond yields surged on Friday, mirroring a global sell-off in longer-dated debt. Investors are increasingly convinced t...
- Gold price prediction: Will gold stay flat as U.S. jobs data battles trade war fears ahead of Fed signals?Gold prices stayed flat on Wednesday as strong U.S. jobs data offset rising safe-haven demand linked to U.S.-China trade tensions. Spot gol...
- It’s not just Microsoft, Google, or Amazon — top European companies have also laid off a massive number of employees since April; here’s what you need to knowEuropean firms are reducing workforce due to economic challenges. Several companies including Stellantis, Volkswagen, and Volvo Trucks have...
- Commerzbank to cut 3,900 jobs, mainly in Germany, as it fends off UniCreditCommerzbank announces it will cut 3,900 jobs in Germany by 2028 while hiring abroad. The bank aims for financial targets with a revised 202...
- Commerzbank plans job cuts, new targets to keep UniCredit away, sources sayGermany's Commerzbank plans to cut several thousand jobs and set new financial targets to fend off a takeover by Italy's UniCredit. The CEO...
- Yen marches higher on rate hike bets; US jobs data in focusThe yen reached a nine-week high as markets expected more interest rate hikes in Japan this year. The U.S. dollar stayed stable ahead of ne...
- European shares gain on boost from oil, resources sectorsEuropean shares opened higher on Wednesday, driven by gains in the oil and gas, and basic resources sectors. Investors are keenly awaiting ...
- Commerzbank to cut 10,000 jobs, close 340 branches"As part of a wide-ranging digitalisation, the bank will substantially reduce its branch network from the current level of 790 to 450," it ...
- Europe cuts losses as travel shares reboundThe pan-European STOXX 600 index edged up 0.1%, with travel and leisure stocks gaining 0.9% after suffering sharp losses earlier this week ...
- China frees up $56 bln for virus-hit economy by slashing small banks' reserve requirementsThe latest stimulus move comes as the world's second-largest economy looks likely to shrink for the first time in 30 years and hopes for a ...
- Lagarde to get a harsh snapshot of ECB’s economic challengesWith a manufacturing slump threatening to spill over into services, euro-area growth was probably just 0.1 per cent in the third quarter.
- Rupee's fall has a surprising new reason - RBIThe rupee fell past the 74 to a dollar mark for the first time soon after the RBI’s decision.
- Siemens to replace CEO Peter Loescher after fifth forecast cutSiemens will replace Chief Executive Officer Peter Loescher after Europe’s biggest engineering company repeatedly missed profit targets.
- Commerzbank set to axe over 5,000 jobs: reportThe Handelsblatt business daily, citing sources close to the negotiations, said the jobs would be slashed over the coming years.
- Oil prices move above $76 as traders eye equitiesOil prices moved above $76 a barrel on Monday as traders eyed a modest rebound in stock markets despite continuing economic uncertainty.
- Barclays plans thousands more job cutsBarclays PLC said it plans to cut up to 2,100 jobs in its retail and commercial banking units, adding to redundancies of the same size in i...
- Mercedes-Benz COO warns sales crisis to hurt jobsThe number two executive at Daimler's premium brand Mercedes-Benz warned on Monday that a sharp plunge in demand for its luxury cars could ...
- Commerzbank's buyout of Dresdner to cost 9,000 jobsCommerzbank and Dresdner have a combined workforce of nearly 67,000 employees and out of the expected job cuts, about 2,500 would be outsid...
- Low corporate investments may sap job growth in USA slowdown in business investment that the Federal Reserve expects to end without much damage to the economy may instead linger long enough...
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