Tag Archives: Cut

Family Finance: Chennai-based Balasubramaniam couple needs to cut expenses to meet financial goals

Balasubramaniam can begin by building an emergency corpus of Rs 2.94 lakh, which is equal to his six months’ expenses S. Balasubramaniam stays in Chennai with his homemaker wife and a three-year-old son. He brings in Rs 50,000 a month as salary, of which Rs 30,000 is spent on household expenses, Rs 15,000 is given to his parents, and Rs ... Read More »

Petrol, Diesel Prices Poised For A Cut. How Much Could You Save

Your visit to a fuel station to fill up petrol or diesel after the 15th of this month may leave you surprised: your bill might be less than you think. Global fuel prices have fallen over the past fortnight while the rupee has remained stable. Oil marketing companies like Indian Oil (IOC) and Hindustan Petroleum (HPCL) have already passed on ... Read More »

Verizon close to Yahoo deal, price cut of $250-350 million – sources

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc’s (YHOO.O) core internet business for $250 million to $350 million (£200.7 million to £281 million) less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade Yahoo to amend the terms ... Read More »

Oil prices fall as production creeps up ahead of announced 2017 output cut

Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Brent crude futures were trading at $53.89 per barrel at 0132 GMT, down 57 cents, or over 1 ... Read More »

Lloyds Banking Group to close 49 branches and cut 665 jobs

Lloyds Banking Group is cutting 665 jobs and closing 49 branches as it continues to cut costs in an attempt to complete its return to the private sector. To cushion the blow of further branch closures, the bank – bailed out in 2008 – is launching a fleet of mobile vans intended to visit communities knocked by the disappearance of ... Read More »

Eurostar aims to cut 80 jobs as traffic suffers after attacks

Train operator Eurostar wants to cut 80 jobs this year as it struggles with weak traffic on the service that links Britain with continental Europe after a string of deadly attacks in Paris and Brussels, a spokeswoman said on Tuesday. The company could not confirm British media reports saying Eurostar would cut two daily trains to Paris and one to ... Read More »

Asian shares mostly lower, oil near one-year high on output cut views

Asian shares were mostly lower on Tuesday, while oil prices hovered near one-year highs on growing expectations of an output cut by OPEC producers. Brent crude, slipped 0.2 percent to $53.05 a barrel after surging as much as 3 percent on Monday. U.S. crude futures dipped a similar amount to $51.26, after jumping to a four-month high in the previous ... Read More »

ING to cut 5,800 jobs in digital plan

Dutch bank ING says it intends to cut about 5,800 jobs in Belgium and the Netherlands over the next five years as part of a cost-cutting plan. The bank said the aim was to speed up the adoption of new technology and “continue to lead in digital banking”. It said 3,500 jobs would go in Belgium and 2,300 in the ... Read More »

Oil prices stable on planned OPEC cut, but current glut still weighs

Brent crude oil prices steadied above $50 a barrel on Monday, supported by a planned production cut by exporter club OPEC, but still under pressure from an overhang in supply that currently exceeds consumption. International benchmark Brent crude futures LCOc1 were trading at $50.25 per barrel at 0651 GMT, up 6 cents from their last close, although U.S. West Texas ... Read More »

Barclays to cut more than 100 Singapore back office jobs – source

Barclays (BARC.L) is cutting over 100 technology and back office jobs from its offices in Singapore, a source with direct knowledge of the matter said on Monday, as it seeks to reduce costs by relocating those roles elsewhere. The source declined to comment on the exact number of jobs to be cut in Singapore but said it is fewer than ... Read More »