Tag: cuts


ForexProsThe Exchange Rates are powered by Forexpros - The Leading Financial Portal.

Trump budget seeks cuts to domestic programs, Medicare, favors military and wall

Trump budget seeks cuts to domestic programs, Medicare, favors military and wall

WASHINGTON (Reuters) – President Donald Trump proposed a budget on Monday that calls for cuts in domestic spending and social programs such as Medicare and seeks a sharp increase in military spending and funding for a wall on the Mexican border. Reuters: Politics

February 13, 2018 | By | Reply More
Oil firm on strong economy and OPEC cuts, but traders prepare for downward move

Oil firm on strong economy and OPEC cuts, but traders prepare for downward move

Oil prices were firm, receiving ongoing support from healthy economic growth as well as from supply restrictions. feed: Energy Stories

January 24, 2018 | By | Reply More
Oil price rally will not persuade OPEC to end production cuts, analyst says

Oil price rally will not persuade OPEC to end production cuts, analyst says

The recent uptick in oil prices is not likely to persuade OPEC to end production cuts this summer, according to one oil analyst. feed: Energy Stories

January 20, 2018 | By | Reply More
UPDATE 6-VW cuts 2016 capital spending plan as cheating scandal widens

UPDATE 6-VW cuts 2016 capital spending plan as cheating scandal widens

* Details of vehicle fixes provided to U.S. regulators (Adds VW statement on meetings with U.S. regulators Friday.) Reuters: Mergers News

November 21, 2015 | By | Reply More
Crippling power cuts fuel Zimbabwe’s illegal logging trade

Crippling power cuts fuel Zimbabwe’s illegal logging trade

HARARE, Nov 6 (Thomson Reuters Foundation) – In the dead of night, trucks loaded with illegally logged wood weave their way past police roadblocks to a capital city shrouded in darkness. Reuters: Energy

November 6, 2015 | By | Reply More
Caterpillar cuts 2015 profit outlook, sees 2016 sales drop

Caterpillar cuts 2015 profit outlook, sees 2016 sales drop

By Meredith Davis CHICAGO (Reuters) – Caterpillar Inc on Thursday reported lower quarterly profits, cut its 2015 earnings forecast and warned its revenue would tumble in 2016, weakened by slower economic growth in China and a recession in Brazil. The company said it saw full-year 2015 earnings per share at $ 3.70, down from the […]

October 22, 2015 | By | Reply More
IBM revenue falls more than expected, cuts profit forecast

IBM revenue falls more than expected, cuts profit forecast

International Business Machines Corp posted a bigger-than-expected drop in revenue and cut its full-year profit forecast, as a stronger U.S. dollar accentuated weakness in demand from China and emerging markets. It was the 14th quarter in a row that IBM has posted a reduction in revenue, as the world's largest technology services company gets rid […]

October 20, 2015 | By | Reply More
273,000 union workers face pension cuts

273,000 union workers face pension cuts

One of the largest pension funds in the country says it needs to cut benefits for 273,000 current and future retirees as soon as July. Otherwise, it won’t be able to pay any benefits after 2025. Personal finance news – CNNMoney.com

October 8, 2015 | By | Reply More
Boehner resignation cuts U.S. government shutdown risk

Boehner resignation cuts U.S. government shutdown risk

By Chuck Mikolajczak NEW YORK (Reuters) – The shock resignation of U.S. House Speaker John Boehner on Friday reduces the chances of a government shutdown next week, potentially removing one source of investor anxiety as Wall Street gears up for a week heavy with economic data and commentary by Federal Reserve policymakers. Boehner said Friday […]

September 26, 2015 | By | Reply More
Brazil markets sink as S&P cuts sovereign to junk

Brazil markets sink as S&P cuts sovereign to junk

SAO PAULO (Reuters) – Brazil’s financial markets fell on Thursday after Standard & Poor’s cut the country’s sovereign rating to junk late Wednesday, though assets began to pare losses in late morning trading as the downgrade had been largely priced in. Reuters: Business News

September 10, 2015 | By | Reply More