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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..
By The Financial District
Sep 24, 20241 min read
Pakistan Claims It Has Met All Of IMF’s Conditions For $7-B Loan
Pakistan's Prime Minister Shehbaz Sharif has announced that the country has fulfilled all conditions set by the International Monetary...
By The Financial District
Sep 24, 20241 min read
Venezuela's Dollar Stockpile Threatened As Bolivar Sinks
Since declaring himself the winner of July’s presidential vote, Venezuela’s Nicolás Maduro has faced widespread condemnation from...
By The Financial District
Sep 24, 20241 min read
$1.2 Trillion Interest Payments Blow Up U.S. Federal Budget
The U.S. government will spend a record $1.2 trillion on interest payments in 2024, driven by pandemic-related deficit spending and the...
By The Financial District
Sep 23, 20241 min read
U.S. Awards $3-B For EV Battery Production In 14 States
The Biden administration announced more than $3 billion in grants to US companies to increase domestic production of advanced batteries...
By The Financial District
Sep 23, 20241 min read
Asian Stocks Climb After Wall Street Ends With Mixed Results
Asian stocks mostly rose on Monday, buoyed by key rate decisions last week from the US Federal Reserve, Japan, China, and Britain.
By The Financial District
Sep 23, 20241 min read
Oil Prices Rise On Tuesday After Three Weeks Of Rollbacks
Oil companies are set to raise pump prices on Tuesday after three consecutive weeks of price rollbacks.
By The Financial District
Sep 23, 20242 min read
PSE Index Surges, Closes At Year-High
The Philippine Stock Exchange (PSE) index surged by two milestone levels today, closing at a year-high of 7,417.25 points, a significant...
By The Financial District
Sep 23, 20241 min read
Goldman Sachs, Citigroup Cut China's 2024 Growth Forecast To 4.7%
Goldman Sachs and Citigroup have lowered their full-year projections for China's economic growth to 4.7%, following a slowdown in the...
By The Financial District
Sep 23, 20241 min read
PPA Urged To Speed Up Movement Of Container Vans With Imported Rice
Agriculture Secretary Francisco P. Tiu Laurel Jr. has called on the Philippine Ports Authority (PPA) to expedite the movement of nearly a...
By The Financial District
Sep 23, 20241 min read
Chinese Stock Traders Mull Just How Bad The Economy Can Get
A slew of poor economic data from China is deepening pessimism among equities traders wondering what it will take for authorities to...
By The Financial District
Sep 22, 20241 min read
U.S. To Quadruple Tariffs On China's EVs To 100% On Sept. 27
The US has announced that it will raise tariffs on Chinese electric vehicles (EVs) and certain other goods on September 27 as part of...
By The Financial District
Sep 22, 20241 min read
U.S. Fed Rate Cut Positive For Economy
US Treasury Secretary Janet Yellen said Thursday that the Federal Reserve's interest rate cut of 50 basis points is "a very positive sign"..
By The Financial District
Sep 22, 20241 min read
Lithium Mine Closure Can’t Arrest Metal’s Price Retreat
An unexpected shutdown at one of China’s largest lithium mines has left the industry scrambling to determine whether the move will be...
By The Financial District
Sep 22, 20242 min read
Wall Street Closes Record-Setting Week Mixed
A record-setting week for Wall Street ended on a quieter note Friday, as US stocks fluctuated near the highs they reached during a global...
By The Financial District
Sep 21, 20242 min read
Automotive Sales To Grow By 8.5 Percent This Year
Automotive vehicle sales in the Philippines are expected to continue growing this year, supported by robust economic activity, but are...
By The Financial District
Sep 21, 20242 min read
PSE Index Ends The Week In An Upswing
The Philippine Stock Exchange (PSE) index ended the week on an upswing, maintaining its milestone level as it closed at 7,252.32 points...
By The Financial District
Sep 20, 20241 min read
Balance Of Payments Surplus Hits $88 Million
The country’s overall balance of payments (BOP) position posted a surplus of US$88 million in August 2024, a reversal from the US$57...
By The Financial District
Sep 20, 20244 min read
Tax Incentives Assured To Singaporean Investors
Finance Secretary Ralph G. Recto has assured Singaporean investors that the much-anticipated enactment of the Corporate Recovery and Tax...
By The Financial District
Sep 20, 20242 min read
Stock Indices Edge Lower After Fed Delivers Big Rate Cut
U.S. stock indexes have edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut...
By The Financial District
Sep 20, 20242 min read
Fed Cuts Interest Rate By 50 bps, Signals End To Inflation Fight
The Federal Reserve has cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of...
By The Financial District
Sep 20, 20242 min read
PSE Index Rebounds To A Rise
The Philippine Stock Exchange (PSE) index Thursday broke through another resistance level, reaching a milestone of 7,202.16 points, up by...
By The Financial District
Sep 19, 20241 min read
China’s Startup Scene Collapses As Investors Pull Out
The number of new companies started in China has plummeted as venture capital (VC) fundraising in the country has collapsed.
By The Financial District
Sep 19, 20241 min read
Asia Shares Rise Moderately Ahead Of Fed Meeting
Asian shares traded mixed on Wednesday as markets anticipated the U.S. Federal Reserve's first interest rate cut in more than four years.
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