Bussiness

China’s CNPC sets up regional offices to manage global portfolio…

Posted by February 24, 2023

SINGAPORE, Feb 24 (Reuters) - China's top oil and gas major CNPC has completed a months-long reshuffle with the addition of six regional offices that report to

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Credit Suisse names Neil Hosie as sole head of global…

Posted by February 17, 2023

ZURICH, Feb 17 (Reuters) - Credit Suisse (CSGN.S) has appointed Neil Hosie as sole head of its global equities division, the Swiss bank said on Friday, in a res

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UPS cutting back on some jobs as Teamster labor talks…

Posted by February 13, 2023

LOS ANGELES, Feb 13 (Reuters) - United Parcel Service (UPS.N) on Monday confirmed it is taking steps to reduce its workforce in regions where delivery demand ha

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Exxon to merge some business units as part of cost-cutting…

Posted by February 9, 2023

Feb 9 (Reuters) - Exxon Mobil Corp (XOM.N) said on Thursday it is merging some business units as part of an effort to cut annual costs by $9 billion by 2023 fro

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Fortescue Metals preparing to cut up to 1,000 jobs, The…

Posted by February 9, 2023

SYDNEY, Feb 9 (Reuters) - Fortescue Metals Group (FMG.AX) is looking to cut up to 1,000 jobs across its back office and clean energy unit as part of a cost-cutt

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Disney to cut 7,000 jobs in major revamp by CEO…

Posted by February 8, 2023

LOS ANGELES, Feb 8 (Reuters) - Walt Disney Co (DIS.N) on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs

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Factbox: Tech firms, Wall Street titans lead job cuts in…

Posted by February 8, 2023

Feb 8 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out

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Factbox: Chinese chipmakers caught in U.S.-China tech spat

Posted by January 31, 2023

SHANGHAI, Jan 31 (Reuters) - China's semiconductor industry has become a key target of the United States, which has imposed a slew of export restrictions target

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Elevator-maker Kone to axe 1,000 jobs, sees recovery in Asia

Posted by January 26, 2023

HELSINKI, Jan 26 (Reuters) - Finnish elevator-maker Kone (KNEBV.HE) said on Thursday it would slash up to 1,000 jobs globally to cut costs and it expects demand

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Microsoft to cut 10,000 jobs as tech layoffs intensify

Posted by January 18, 2023

Jan 18 (Reuters) - Microsoft Corp (MSFT.O) on Wednesday said it would eliminate 10,000 jobs and take a $1.2-billion charge as its cloud-computing customers diss

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