Federal Express Corp., a subsidiary of FedEx Corp. (FDX) announced Wednesday a workforce reduction plan in Europe as part of its ongoing measures to reduce structural costs. The execution of the plan is subject to a consultation process that is expected to occur over an 18-month period in accordance with local country processes and regulations....
The Malaysia stock market on Monday snapped the two-day winning streak in which it had gathered almost 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,615-point plateau although it\'s looking to rebound on Tuesday. The global forecast for the Asian markets is fairly flat with a touch of...
The Singapore stock market has moved lower in consecutive trading days, slipping almost 10 points or 0.3 percent along the way. The Straits Times Index now sits just above the 3,320-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is fairly flat with a touch of upside...
The M2 money stock in Japan was up 1.9 percent on year in May, the Bank of Japan said on Tuesday - coming in at 1,259.0 trillion yen. That follows the 2.2 percent annual increase in April. The M3 money stock was up 1.3 percent on year in May, standing at 1,611.3 trillion yen -...
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped almost 130 points or 1.9 percent. The Jakarta Composite Index now sits just above the 6,900-point plateau and it may tick higher again on Tuesday....
Ahead of Monday\'s holiday for the Dragon Boat Festival, the Taiwan stock market had snapped the two-day winning streak in which it had rallied almost 550 points or 2.7 percent. The Taiwan Stock Exchange now sits just above the 21,850-point plateau although it may tick higher again on Tuesday. The global forecast for the Asian...
Ahead of Monday\'s holiday for the Dragon Boat Festival, the China stock market had ended the two-day slide in which it had fallen more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 3,050-point plateau and it may add to its winnings on Tuesday. The global forecast for the...
French stocks rebounded on Tuesday after suffering heavy losses in the previous session following President Emmanuel Macron\'s decision to call a snap national election in response to the recent surge of far-right success in the European Union elections. The benchmark CAC 40 was up 14 points, or 0.2 percent, at 7,908 after losing 1.4 percent...
U.K. stocks edged lower on Tuesday as the latest employment data painted a mixed picture of the economy. The unemployment rate ticked up to 4.4 percent from 4.3 percent in the three months to April, the highest rate since September 2021 but wage growth jumped to 5.9 percent, raising concerns that higher wages can feed...
ADM Animal Nutrition, affiliated to food processing company Archer-Daniels-Midland Co. or ADM, has expanded its recall to include additional lots of various feed products citing elevated levels of magnesium, sodium, calcium, chloride and/or phosphorus. These elevated levels may harm cattle, chickens, equine, goats, lambs, llamas, rabbits, sheep and swine. The latest recall of products come...