Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing said it will lay off about 10% of its workforce as its losses deepen from an ongoing factory strike.
Boeing said it will lay off about 10% of its workforce as its losses deepen from an ongoing factory strike.
The BOK cut its benchmark interest rate from 3.5% to 3.25%.
The Federal Reserve on Wednesday releases minutes from its Sept. 17-18 policy meeting.
The RBNZ slashed rates from 5.25% to 4.75% on Wednesday, marking its second straight cut to its interest rate since August.
Traders are closely watching for additional policy measures as Beijing has signaled a sense of urgency in bringing its economy back on track.
Economists polled by Reuters expect the BOK and RBNZ to cut rates, while the RBI will hold.
If this sounds like a Goldilocks scenario, it’s probably not far from it, even with the lingering inflation concerns.
Mainland markets is closed for a week-long holiday commemorating the 75th anniversary of the People’s Republic of China. Trading is set to resume on Oct. 8.Â
Supply disruption risks are increasing as fighting in the Middle East intensifies, according to analysts.
President Biden is sticking to his position of not forcing striking port union workers back on the job, a political call that adds uncertainty to inflation.