NEWS1

EXCLUSIVE Grab sees no big layoffs despite market weakness

EXCLUSIVE Grab sees no big layoffs despite market weakness

A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar su Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 25 (Reuters) – Grab, Southeast Asia’s largest ride-hailing and food delivery company, is not planning massive layoffs like some rivals have, and is hiring more selectively, while moderating its ambitions …

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Britain scares away investors with historic tax cuts and borrowing

Britain scares away investors with historic tax cuts and borrowing

Kwarteng slashes top income tax rate amid growth momentum Huge increase in UK government debt issuance expected Gilts suffer biggest drop in decades Pound drops 3% to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng on Friday announced historic tax cuts and huge increases in borrowing in …

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Stocks hit 2-year low as central banks step up war on inflation

Stocks hit 2-year low as central banks step up war on inflation

Join now for FREE unlimited access to Reuters.com Register MSCI All-World hits 2-year low Yen stable but traders wary of more intervention Treasuries head for eighth weekly loss LONDON/SYDNEY, Sept 23 (Reuters) – Stocks hit a two-year low on Friday and bonds suffered an eighth weekly loss as investors digested the prospect of a much …

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Japan intervenes in the foreign exchange market to stem the fall of the yen after the BOJ keeps rates extremely low

Japan intervenes in the foreign exchange market to stem the fall of the yen after the BOJ keeps rates extremely low

Join now for FREE unlimited access to Reuters.com Register BOJ maintains ultra-low rates and dovish policy guidance Japanese diplomat FX said it had taken ‘decisive’ action Confirmation of the intervention causes the dollar to fall by more than 2% Analysts doubt Tokyo can continue to support the yen TOKYO, Sept 22 (Reuters) – Japan intervened …

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