HSBC to cut up to 50,000 jobs, slash investment bank

Last Updated: Tuesday, June 9, 2015, 11:27

HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe`s biggest bank said on Tuesday.

Canada jobless rate flat in May at 6.8%

Last Updated: Friday, June 5, 2015, 19:39

The economic indicator, which has remained unchanged for four consecutive months, is in line with what analysts were expecting

German unemployment hits 24-year low

Last Updated: Tuesday, June 2, 2015, 14:25

German unemployment fell in May to the lowest level in 24 years as the recovery in Europe`s biggest economy continues, data showed on Tuesday.

'HSBC set to cut thousands of jobs globally'

Last Updated: Tuesday, June 2, 2015, 07:05

HSBC Holdings Plc is planning to cut thousands of jobs globally and is set to make an announcement next week, Sky News reported on Monday, citing unidentified sources.

Malaysia Airlines 'technically bankrupt', says new CEO

Last Updated: Monday, June 1, 2015, 13:58

Malaysia Airlines is "technically bankrupt", its new German CEO said on Monday as he outlined plans to stabilise the failing flag carrier including 6,000 job cuts.

BlackBerry Ltd to cut jobs worldwide, impact on India unlikely

Last Updated: Sunday, May 24, 2015, 17:47

Canadian technology firm Blackberry is cutting jobs globally as it plans to consolidates its various business verticals -- device software, hardware and applications.

BlackBerry cuts jobs worldwide as it consolidates businesses

Last Updated: Saturday, May 23, 2015, 07:08

Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.

Fed's Yellen expects rate hike 'some point this year'

Last Updated: Friday, May 22, 2015, 22:44

Janet Yellen said Friday she expects the Federal Reserve to begin raising interest rates "at some point this year," saying delaying the long-awaited move risks the economy overheating.

No job cut in transformation of Postal Dept: Prasad

Last Updated: Friday, May 22, 2015, 22:25

There will be no job losses during transformation of the Department of Posts, Communications and IT Minister Ravi Shankar Prasad assured Friday.

US jobless claims near 15-year low; producer prices fall

Last Updated: Thursday, May 14, 2015, 22:49

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter.

Japan`s Sharp to report $1.6 bn loss, thousands of job cuts: Reports

Last Updated: Thursday, May 14, 2015, 10:37

Japanese electronics giant Sharp will announce later on Thursday a $1.68 billion fiscal year loss and thousands of job cuts as it fights to stay afloat, reports said.

India to provide skill training to 109 million new entrants

Last Updated: Monday, May 11, 2015, 17:48

India has to provide skill training to 109 million new entrants into the job markets and 460 million people to upscale their skills by 2020, Punjab Chief Minister Parkash Singh Badal said Monday.