MARKET & ECONOMY

Each Filipino Owes ₱823,876 As National Debt Rises

By The Financial District

57 minutes ago2 min read

Each Filipino Owes ₱823,876 As National Debt Rises

As of the end of September 2024, the debt of each Filipino amounts to ₱823,876, based on a total external debt of $139.64 billion and a...

By The Financial District

2 hours ago2 min read

PSE Index Surges On Foreign Buying

The Philippine Stock Exchange (PSE) index surged Monday, with all sub-indices posting substantial gains buoyed by foreign buying.

U.S. Retail Sales Rise At A Healthy Pace In November

By The Financial District

8 hours ago1 min read

U.S. Retail Sales Rise At A Healthy Pace In November

Consumers increased their spending at retail stores in November, providing a boost to the economy as the winter holiday shopping season...

Retreat From World’s Largest Auto Market Has Begun: CNN

By The Financial District

8 hours ago1 min read

Retreat From World’s Largest Auto Market Has Begun: CNN

It wasn’t long ago that China was the largest and most profitable market for General Motors (GM).

Bank of England Keeps Rates Steady Amid Wider Policy Split

By The Financial District

9 hours ago1 min read

Bank of England Keeps Rates Steady Amid Wider Policy Split

The Bank of England (BoE) has held its main interest rate steady at 4.75%.

European Carmakers Raising Prices Of Gasoline-Fed Cars

By The Financial District

2 days ago1 min read

European Carmakers Raising Prices Of Gasoline-Fed Cars

uropean automakers are increasing the prices of gasoline-powered cars and preparing discounts on electric vehicles (EVs) as they brace for..

Norway To Cut Energy Links With EU Amid Soaring Prices

By The Financial District

2 days ago1 min read

Norway To Cut Energy Links With EU Amid Soaring Prices

Norway's energy minister, Terje Aasland, has expressed outrage at the country's skyrocketing electricity prices, which are now six times...

By The Financial District

3 days ago2 min read

PSE Index Reaches Milestone Level

The Philippine Stock Exchange (PSE) index moved up to a milestone level Friday on bargain hunting but still exhibited a bearish sentiment...

Scandi Wines Hope To Win Over Drinkers As European Rivals Fret

By The Financial District

3 days ago1 min read

Scandi Wines Hope To Win Over Drinkers As European Rivals Fret

Hundreds of commercial vineyards now dot Denmark, Sweden, and even Norway, as the first generation of professional winemakers transforms...

China's Weak Consumption Drags On Economy

By The Financial District

3 days ago1 min read

China's Weak Consumption Drags On Economy

China's industrial output growth slightly accelerated in November, but retail sales underperformed, maintaining pressure on Beijing to...

Food Prices Are On The Rise Again, But Consumers Shouldn’t Panic

By The Financial District

4 days ago1 min read

Food Prices Are On The Rise Again, But Consumers Shouldn’t Panic

The “egg-flation” and sudden price hikes in certain food categories reflect isolated incidents rather than systemic inflation.

Milan's Via Monte Napoleone Now World's Most Upscale Shopping Street

By The Financial District

4 days ago1 min read

Milan's Via Monte Napoleone Now World's Most Upscale Shopping Street

Shoppers laden with bags from Fendi, Loewe, Prada, and other designer labels crowd the narrow sidewalks of Milan’s most luxurious shopping..

U.S. Stocks Fall, Dow Tumbles As Fed Signals Fewer Rate Cuts In 2025

By The Financial District

4 days ago2 min read

U.S. Stocks Fall, Dow Tumbles As Fed Signals Fewer Rate Cuts In 2025

U.S. stocks suffered one of their worst days of the year after the Federal Reserve indicated that it may deliver fewer rate cuts in 2025...

TPP With UK Takes Effect As Japan Hopes To Expand Free Trade

By The Financial District

4 days ago1 min read

TPP With UK Takes Effect As Japan Hopes To Expand Free Trade

The accession of Britain to a trans-Pacific free trade pact, which includes member countries with ties to the region, has taken effect...

Higher California Minimum Wage Cuts Jobs, Claims Columnist

By The Financial District

4 days ago1 min read

Higher California Minimum Wage Cuts Jobs, Claims Columnist

California Governor Gavin Newsom may have hoped the $20 minimum wage hike he signed into law last year for most fast-food workers would...

U.S. Sanctions Stunt Iranian Crude Flows To China

By The Financial District

4 days ago1 min read

U.S. Sanctions Stunt Iranian Crude Flows To China

Iranian crude exports to China have been disrupted by expanded US sanctions on tankers, squeezing oil flows to the OPEC producer’s most...

Aboitiz Infra, Others Lauded For Advancing PPP Infrastructure Projects

By The Financial District

4 days ago2 min read

Aboitiz Infra, Others Lauded For Advancing PPP Infrastructure Projects

Finance Secretary Ralph G. Recto highlighted the recent signing of agreements to launch five Public-Private Partnership (PPP)...

Canada’s Deficit Soars As Finance Minister Resigns

By The Financial District

4 days ago1 min read

Canada’s Deficit Soars As Finance Minister Resigns

Prime Minister Justin Trudeau’s government reported a significantly larger deficit than anticipated, breaking a fiscal promise made by...

Fitch Ratings Lauds BSP Inflation Handling

By The Financial District

4 days ago1 min read

Fitch Ratings Lauds BSP Inflation Handling

Fitch commended the progress in reducing inflation in the Philippines, which averaged 3.2 percent in the first 11 months of 2024 compared...

Fresh Fin Whale Meat Auctioned For The First Time In Decades In Japan

By The Financial District

4 days ago1 min read

Fresh Fin Whale Meat Auctioned For The First Time In Decades In Japan

Meat from fin whales, caught for the first time in nearly 50 years off Japan’s northern coast, fetched prices exceeding $1,300 per...

By The Financial District

5 days ago2 min read

PSE Index Collapses Below Support Level

The Philippine Stock Exchange (PSE) index collapsed Wednesday below its support level during another day of net foreign selling, dampening..

Nasdaq Hits Record Despite Mixed Wall St. Trading

By The Financial District

6 days ago1 min read

Nasdaq Hits Record Despite Mixed Wall St. Trading

U.S. stock indices drifted amid mixed trading on Monday, ahead of this week’s upcoming Federal Reserve meeting that could set...

Breaking Barriers: Why Solar Tech Adoption In The Philippines Stalls Despite Potential

By The Financial District

6 days ago3 min read

Breaking Barriers: Why Solar Tech Adoption In The Philippines Stalls Despite Potential

Solar energy holds immense promise for the Philippines, offering a sustainable solution to rising energy costs and environmental challenges.

By The Financial District

6 days ago1 min read

PSE Index Suffers Hefty Loss

The Philippine Stock Exchange (PSE) index posted a hefty loss Tuesday, with all sub-indices down as net foreign selling surged to over a...

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