Tag: cuts
Oil Supply Cuts Push Prices Back To $75
Oil prices started Tuesday with a slight rise after Saudi Arabia and Russia’s decision to cut oil supply. Brent oil, which fell by 1 percent on Monday to close to…
Morgan Stanley: Rate Cuts Are A Distant Chance
Morgan Stanley warned that developing countries may not be able to cut interest rates, emphasizing the impact of a more hawkish Federal Reserve raising expectations for a strong dollar. Morgan…
Russia cuts oil production, Saudi Arabia extends cuts
Oil production in Russia A deep pump is located near the town of Usinsk, 1,500 kilometers north-east of Moscow. (Photo: dpa) Saudi Arabia extends its unilateral oil production cut by…
Russia cuts oil production, Saudi Arabia extends cuts
Oil production in Russia A deep pump is located near the town of Usinsk, 1,500 kilometers north-east of Moscow. (Photo: dpa) To support oil prices, Russia will cut oil exports…
McMakler cuts valuation in half in new round of financing
McMakler founders and managing directors Hanno Heintzenberg, Felix Jahn and Lukas Pieczonka The Berlin proptech is still worth 400 million euros. (Photo: obs) Zurich. Frankfurt. Berlin The Berlin start-up McMakler…
China’s central bank cuts interest rates for the first time in ten months
China The Chinese central bank wants to boost the country’s economy. (Photo: dpa) Beijing Against the background of the sluggish economic recovery after the end of the corona pandemic, the…
There is a risk of massive job cuts
“Bild” newspaper There is to be a comprehensive restructuring of the core brand of the Springer Group. (Photo: dpa) Dusseldorf, Berlin The Axel-Springer-Verlag is preparing a comprehensive restructuring of its…
Green ministers continue to reject cuts
Olaf Scholz (right, SPD) and Christian Lindner (FDP) Even the negotiating team of chancellor and finance minister has apparently not achieved any breakthroughs so far. (Photo: dpa) Berlin Despite the…
Deutsche Bank tightens construction financing and cuts hundreds of jobs
Deutsche Bank At the end of last year, the institute issued residential real estate loans totaling 182 billion euros. (Photo: AP) Frankfurt Deutsche Bank is streamlining its mortgage lending business.…
Saudi Arabia voluntarily cuts one million barrels a day
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud in Vienna Saudi Arabia relies on a fairly high oil price to cover all government spending. (Photo: Reuters) Frankfurt Saudi Arabia…
Oil cartel lowers production target – Saudi Arabia voluntarily cuts even further
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud in Vienna Saudi Arabia relies on a fairly high oil price to cover all government spending. (Photo: Reuters) Frankfurt OPEC-plus lowers…
OPEC meeting: Saudi Arabia voluntarily cuts funding
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman Al-Saud in Vienna Saudi Arabia relies on a fairly high oil price to cover all government spending. (Photo: Reuters) Frankfurt Opec-plus is…
Saudi Arabia is making voluntary funding cuts
The United Arab Emirates Opec delegation In April, the oil cartel surprised with production cuts, now there is a dispute about which country should produce how much oil. (Photo: Reuters)…
“There is no alternative to cuts in benefits” – cashier calls for drastic cuts in benefits for patients
dentist Last year, the GKV spent almost 13 billion euros on dental treatment, including tooth fillings, root canal treatments and check-ups. (Photo: DigitalVision/Getty Images) Berlin In view of the multi-billion…
FED Official Said May Interest Rate Decision Was Just a Thing, Answered the Question of Interest Rate Cuts!
FED Board member Austan Goolsbee spoke to reporters today about the state of the US economy and the Fed’s interest rate decisions. He said he has yet to make up…
New boss Margherita Della Valle cuts 11,000 jobs
Vodafone boss Margherita Della Valle The new CEO prescribed the company a tough restructuring course. Hamburg,London The new Vodafone boss Margherita Della Valle took over a company in crisis in…
New boss Margerita Della Valle cuts 11,000 jobs
Vodafone Germany headquarters in Dusseldorf The German business has been worrying the British group for a long time. (Photo: dpa) London Due to bleak business prospects, the new CEO Margherita…
Pro Sieben Sat 1 cuts dividend drastically
Per Sieben Sat 1 The media company from Unterföhring cuts the dividend significantly. (Photo: Reuters) Unterfoehring The media group Pro Sieben Sat 1 drastically cuts the dividend for the past…
Price cuts cause Tesla’s quarterly profit to collapse
new York The electric car manufacturer Tesla is feeling the consequences of the price war started by CEO Elon Musk. Tesla sales jumped 24 percent to $23.3 billion in the…
Price cuts cause Tesla’s quarterly profit to collapse
Tesla The electric car manufacturer cannot convince with its quarterly figures. (Photo: Reuters) austin Significant price reductions have caused Tesla’s profit to fall sharply at the beginning of the year,…