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By The Financial District
Oct 1, 20241 min read
U.S. Economy Grew At A 3% Rate Last Quarter, Government Reports
The US economy grew at a robust 3% annual rate from April through June, driven by strong consumer spending and business investment.
By The Financial District
Oct 1, 20241 min read
U.S. Stock Market Gains Underscore Optimism On Economy
The S&P 500 is on track for a 5% gain in the third quarter of 2024, with more stocks participating in the rally, easing concerns that the...
By The Financial District
Oct 1, 20242 min read
PSE Index Buckles Under Weight Of Sell-Off, Ends Month Plunging Below Two Milestones
The Philippine Stock Exchange (PSE) index crumbled by two milestone levels Monday, closing at 7,272.65 points, down by a significant 155...
By The Financial District
Sep 30, 20242 min read
BSP, BAP Enhance Benchmark To Advance Capital Market DevelopmentÂ
Bangko Sentral ng Pilipinas (BSP) and the Bankers Association of the Philippines (BAP) are advancing their capital market development...
By The Financial District
Sep 30, 20241 min read
France To Pay €120 Million To Uproot 30,000 Hectares Of Vineyards
France plans to uproot 30,000 hectares of grapevines as wine consumption continues to drop, submitting a €120-million proposal to address...
By The Financial District
Sep 30, 20241 min read
Europe’s Answer To Suez Canal Breaks Ground After 20-Year Delay
Work is finally underway on France’s Seine-Nord Europe Canal (SNEC), a major new European trading route that promises to boost the bloc’s...
By The Financial District
Sep 30, 20241 min read
China Dairy Farms Swim In Milk As Fewer Babies Cut Demand
China is awash in unwanted milk as falling birth rates and cost-conscious consumers have reduced demand, even as dairy farms have expanded..
By The Financial District
Sep 30, 20241 min read
Dow Sets Record As Wall Street Wraps Another Winning Week
U.S. stocks closed out another record-setting week with a subdued performance on Friday, as optimism grew on Wall Street that the U.S...
By The Financial District
Sep 30, 20242 min read
DBM Highlights PH Anti-Corruption Initiatives During Open Gov’t Leaders’ Roundtable In U.S.
Department of Budget and Management (DBM) Secretary Amenah Pangandaman highlighted the Philippines’ anti-corruption initiatives during the..
By The Financial District
Sep 28, 20241 min read
Business Confidence Optimistic, Construction In Upswing
Business sentiment in the Philippines remained optimistic in Q3 2024, with the overall confidence index (CI) steady at 32.9 percent...
By The Financial District
Sep 28, 20241 min read
Recto Vows To End Rampant Smuggling, Profiteering
Finance Secretary Ralph G. Recto emphasized that the Department of Finance (DOF), along with the Bureau of Customs (BOC), is prepared to...
By The Financial District
Sep 27, 20242 min read
Profit-Taking Stymies PSE Index
The Philippine Stock Exchange (PSE) index today went down on profit-taking, with the sub-indices posting mixed results.
By The Financial District
Sep 27, 20242 min read
PHL Eyes Nuclear Power Plant Operation In 2032
The Philippines unveiled its Nuclear Energy Roadmap at the 68th International Atomic Energy Agency (IAEA) General Conference (GC), held...
By The Financial District
Sep 27, 20242 min read
Tax Plan For Muslim Mindanao Prepared
The Department of Finance (DOF) is leading the preparation of the Tax Administration Transition Plan for the Bangsamoro Autonomous Region...
By The Financial District
Sep 26, 20241 min read
UK Government’s Borrowing In August Highest Since COVID
Government borrowing in August rose to its highest level for the month since the COVID pandemic in 2021.
By The Financial District
Sep 26, 20242 min read
PSE Index Soars Anew
The Philippine Stock Exchange (PSE) index surged today, closing at its highest level, with significant net foreign buying.
By The Financial District
Sep 25, 20242 min read
PSE Index In Correction Phase
The Philippine Stock Exchange (PSE) index entered a correction phase on Wednesday, with all sub-indices in the red, except for mining and...
By The Financial District
Sep 25, 20241 min read
No Breakthrough In EU-China Talks Over Electric Vehicle Row
Negotiations between the European Commission and the Chinese government have yet to resolve a dispute over battery electric vehicles (BEVs).
By The Financial District
Sep 25, 20241 min read
China Ready To Lift Import Ban On Japanese Seafood
China will signal its readiness to lift a ban on imports of Japanese seafood once Japan and the UN nuclear watchdog agree to allow third...
By The Financial District
Sep 25, 20241 min read
China Launches Stimulus Package To Revive Economy
China’s central bank has unveiled a comprehensive package of monetary stimulus measures aimed at revitalizing the world's second-largest...
By The Financial District
Sep 24, 20241 min read
Wall Street Drifts Higher, Setting New Records
U.S. stock indices reached new heights on Monday after a quiet day of trading. The S&P 500 rose 16.02 points, or 0.3%, to close at...
By The Financial District
Sep 24, 20241 min read
PSE Index Rises Amid Bullish Sentiments
The Philippine Stock Exchange (PSE) index continued its upward trend Tuesday, closing at 7,432.21 points, up by 14.96 points or 0.20%.
By The Financial District
Sep 24, 20242 min read
Southeast Asia’s Energy Transition: A Call For Support And Realistic Solutions
Amid the global push for energy transitions, Southeast Asian power leaders have voiced the need for support from developed countries...
By The Financial District
Sep 24, 20241 min read
Global Refiners Face Profit Slump As New Plants Come Online
Oil refiners in Asia, Europe, and the US are experiencing a drop in profitability to multi-year lows, signaling a downturn for an industry..
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