THE economic crisis will hurt earnings, but multimedia group Singapore Press Holdings (SPH) has taken cost-cutting measures to help staff keep their jobs as far as possible.

These include freezing wages of senior management and slowing hiring this year to counter a recession that may last 'several quarters', said SPH chairman Tony Tan on Thursday.

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Nomura to cut up to 1,000 jobs
Japan's top broker hit hard by the financial crisis. -AFP

Vietnam aid loans suspended
Japan had suspended new aid loans to Hanoi, citing a major corruption scandal. -AFP

China, US join forces
They vowed to ward off the threat of a world recession. -AFP

Europe poised to cut rates
Britain, euro zone, Sweden all set to lower rates. -Reuters

Japan's recession woes mount
Companies slashed their investment in new factories and equipment by 13 per cent in the third quarter. -AFP

Oil falls below US$46
Oil falls further after lowest settlement since Feb 9, 2005. -Reuters

Record trade surplus for OZ
Australia posted a record trade surplus of nearly A$3 billion (S$2.96 billion) buoyed by a jump in exports and the decline of its currency. -AFP

Economic 'free fall' looms
Recession fears deepen, rate cuts on horizon. -Reuters

Jefferies closing S'pore office
It will slash nearly 15% of its employees worldwide and close offices in Dubai, Singapore and Tokyo. -Reuters

Union stands by automakers
Vow to make tough sacrifices in exchange for S$51.8 billion bailout.