Australia, Nomura and Uber: Trimming Down Expectations
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00:00 - Despite weak economic data and softening property market in Australia, S&P/ASX 200 recorded its best ever start in almost 3 decades as a result of strong commodity prices and promises of easy monetary policy from central banks.
02:25 - Nomura plans to cut 1 billion US dollar in cost by letting off dozens of staff whilst pulling back from some of its international operations. A total of 150 jobs are expected to be cut across America, Europe, Middle East and Africa.
05:21 - Uber is gearing up for its anticipated IPO as it tries to raise 10 billion dollars. It is expected to be the largest U.S. IPO this year and among the 10 largest of all time.
Presented by: Lyn Mak, Sharidz Abdullah, Khoo Hsu Chuang
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