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Asia markets tick up after Wall Street rebound
Asia markets tick up after Wall Street rebound

Asian stock markets were mostly up Thursday morning, tracking gains made on Wall Street as a weak labour market report in the United States boosted hopes for an interest-rate cut. A soft US labour market report Wednesday showing a decline in job openings helped lift investor confidence the Federal Reserve will cut interest rates.

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by  AFP

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Crisis-hit VW eyeing plant closures, deep pay cuts: report
Crisis-hit VW eyeing plant closures, deep pay cuts: report
by  AFP

Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan, a media report said Monday. VW is also eyeing a 10-percent pay cut for all remaining staff and no salary increases in 2025 and 2026, Handelsblatt said.

Philips lowers sales outlook on drop in China orders
Philips lowers sales outlook on drop in China orders
by  AFP

Dutch medical device maker Philips lowered Monday its full year sales target, blaming drop in demand from Chinese hospitals as it released third quarter results. Third quarter sales came in at 4.37 billion euros ($4.7 billion), a drop of two percent from the same period last year.

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