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By The Financial District
Nov 13, 20241 min read
China Approves $840 Billion Plan To Refinance Local Government Debt
China approved a 6 trillion yuan ($839 billion) plan on Friday to help local governments refinance their massive debt, in the latest push...

By The Financial District
Nov 12, 20242 min read
PSE Index Plunges Again Amid Continued Foreign Selling
The Philippine Stock Exchange (PSE) index dropped sharply today due to persistent foreign selling, closing at 6,810.11 points—a decline of..


By The Financial District
Nov 12, 20241 min read
Asian Stocks Slide As China Stimulus Disappoints; Bitcoin Rallies
Hong Kong stocks led declines in Asia on Monday as Beijing’s latest stimulus failed to meet investor expectations, overshadowing Wall...


By The Financial District
Nov 12, 20243 min read
“CREATE MORE” Law Expected To Attract Foreign Investments
Finance Secretary and Fiscal Incentives Review Board (FIRB) Chairperson Ralph G. Recto praised the recent enactment of the Corporate...

By The Financial District
Nov 11, 20242 min read
PSE Index Still Struggling Against Continued Foreign Selling
The Philippine Stock Exchange (PSE) index continued its decline, losing 37.17 points or 0.53 percent to close at 6,940.01 points, slightly..


By The Financial District
Nov 11, 20241 min read
Oil Glut Reduces Industry’s Appeal
When there’s an excess of oil, as is currently the case, it becomes easier to identify strong performers.


By The Financial District
Nov 11, 20241 min read
U.S. Equity Funds Record Largest Weekly Outflow In Five Weeks
U.S. equity funds saw substantial outflows to end October.


By The Financial District
Nov 11, 20242 min read
Government Bares Halting Of Sugar Imports Until Next Year
Amid a steady domestic supply of both raw and refined sugar, the Philippine government will not pursue importation until the middle of...


By The Financial District
Nov 11, 20241 min read
Nvidia Passes Apple As World’s Largest Company: Bloomberg
Nvidia Corp. is now the largest company in the world, surpassing Apple Inc. and underscoring just how dominant artificial intelligence...


By The Financial District
Nov 11, 20241 min read
Fed Cuts Key Interest Rate As Powell Says Trump Can’t Fire Him
The Federal Reserve has cut its key interest rate by a quarter-point, responding to a steady decrease in inflation that contributed to...


By The Financial District
Nov 11, 20241 min read
WK Kellogg Surpasses Q3 Estimates On Strong Demand And Price Hikes
WK Kellogg exceeded Wall Street’s third-quarter revenue and profit forecasts, driven by strong demand for its ready-to-eat cereals like...


By The Financial District
Nov 9, 20241 min read
China’s Manufacturing Activity Rises After Six Months
China’s manufacturing activity expanded for the first time in six months, and services saw an uptick in October, indicating that Beijing’s..


By The Financial District
Nov 9, 20241 min read
Unilever, Procter & Gamble Face Risks From Potential Mexico Tariffs
Procter & Gamble (P&G) and Unilever could face significant exposure if U.S. President-elect Donald Trump enacts tariffs on Mexico.


By The Financial District
Nov 9, 20242 min read
Indonesia, Malaysia Invited To Explore Islamic Finance Opportunities In The Philippines
The Bangko Sentral ng Pilipinas (BSP) and the Asian Development Bank (ADB) invited Indonesian and Malaysian business representatives to...

By The Financial District
Nov 8, 20241 min read
Foreign Selling Batters PSE Index Below Support Level
The Philippine Stock Exchange (PSE) index Friday dropped below its support level, closing at 6,977.18 points, down 37.26 points or 0.53%...


By The Financial District
Nov 8, 20243 min read
Private Spending Drives Philippines' Growth by 5.2%
Finance Secretary Ralph G. Recto highlighted that the Philippines achieved a 5.2% growth rate in the third quarter of 2024, driven by an...


By The Financial District
Nov 8, 20241 min read
Wall Street Looking Forward To Trump’s Pro-Business Stance
Wall Street executives are largely optimistic about the potential for business-friendly regulations under a second Donald Trump presidency.

By The Financial District
Nov 7, 20242 min read
PSE Index Plummets On Foreign Selling
The Philippine Stock Exchange (PSE) index Thursday plummeted on a huge foreign selling spree, falling below its support level but only...


By The Financial District
Nov 7, 20241 min read
Financial Market Worries Over UK Budget Appear To Ease
Concerns about the UK’s recent tax-raising budget within financial markets have appeared to settle, as interest rates on British debt...


By The Financial District
Nov 7, 20241 min read
Asia Needs To Spend More To Mitigate Climate Change: ADB
Asian countries are likely to experience the harshest effects of climate change and must increase spending to limit the damage and adapt...


By The Financial District
Nov 7, 20241 min read
S&P 500, Dow Futures Surge To Record Highs As Trump Wins
Futures tied to the S&P 500 and the Dow soared to record highs on Wednesday as Republican Donald Trump won the 2024 U.S. presidential...

By The Financial District
Nov 6, 20241 min read
PSE Index Slumps Anew
The Philippine Stock Exchange (PSE) index slumped again today, with all sub-indices declining as selling—primarily from foreign investors...


By The Financial District
Nov 6, 20241 min read
Japan To Issue New Bonds Backed By NTT Stake To Aid Chip Industry
The Japanese government has decided to issue new bonds backed by securities it owns, such as its stake in Nippon Telegraph and Telephone...


By The Financial District
Nov 6, 20241 min read
Private Sector Hiring Doubles Expectations In October
Private sector hiring surged past expectations in October, indicating that the US labor market remains...
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