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By The Financial District
Aug 21, 20242 min read
PCCI Pitches Ideas To DepEd On Upgrading Education System And Solving Skills Mismatch
The Philippine Chamber of Commerce and Industry (PCCI), the largest business group in the country with over 30,000 members among small...
By The Financial District
Aug 21, 20242 min read
PH Auto Industry Expects Sales Of 500-K Units In 2024
Automotive sales in the Philippines are projected to hit 500,000 units this year, marking the first time the local auto industry could...
By The Financial District
Aug 21, 20241 min read
Asian Markets Mostly Rise As Wall Street Extends Winning Streak
Asian stocks mostly rose on Tuesday after Wall Street moved closer to record highs following a roller coaster of a summer.
By The Financial District
Aug 20, 20242 min read
PSE Index Bucks Profit-Taking To Rise Further
The Philippine Stock Exchange (PSE) index breached the 7,000-point level but closed lower due to profit-taking, though it still ended with..
By The Financial District
Aug 20, 20242 min read
Wall Street Gains Following Its Best Week Of The Year
US stocks held relatively steady on Monday, with Wall Street's summer roller coaster showing signs of leveling out.
By The Financial District
Aug 20, 20241 min read
North Sea Oil Boss Warns UK Tax System Is Pushing Drilling Towards Norway
UK taxes on oil and gas profits have risen from 40% to about 78% in the past three years, prompting several energy companies to consider...
By The Financial District
Aug 20, 20242 min read
Even as China Stumbles, Investors Focus On U.S. Economy
Market volatility is showing signs of leveling out, but the sudden and severe moves in financial markets that had investors reeling left...
By The Financial District
Aug 20, 20241 min read
BOP Position Hits $62 Million Surplus
The country’s overall balance of payments (BOP) position posted a surplus of US$62 million in July 2024, a reversal from the US$53 million..
By The Financial District
Aug 20, 20241 min read
Biggest Shakeup In A Century Set To Hit Real Estate Agents
Realtors across the U.S. are bracing for a seismic shift in the way they do business.
By The Financial District
Aug 19, 20242 min read
PSE Index Surges Anew As Foreign Buying Hits Record Levels
The Philippine Stock Exchange (PSE) index surged higher Monday, closing at 6,889.87 points, up by 42.50 points or 0.62%, marking a...
By The Financial District
Aug 19, 20241 min read
U.S. Consumer Sentiment Rises Slightly On Democrat Optimism Over Harris Bid
A surge in optimism among Democrats over the prospects of Vice President Kamala Harris lifted US consumer sentiment slightly this month.
By The Financial District
Aug 19, 20242 min read
Billions Of Dollars, Euros Reach Russia Despite Sanctions
Around $2.3 billion in dollar and euro bills have been shipped to Russia since the U.S. and EU banned the export of their banknotes there...
By The Financial District
Aug 19, 20241 min read
Euro Area Trade Surplus Rises Despite Drop In Exports
The value of exports in the euro region surpassed the cost of imports in June 2024, particularly in the trade of chemicals, machinery, and..
By The Financial District
Aug 17, 20241 min read
Wall Street Yields Gains As Rally Loses Momentum
Stocks are giving back some of their gains from earlier in the week as Wall Street’s rally loses steam. The S&P 500 was down 0.3% in early..
By The Financial District
Aug 17, 20242 min read
PSE Index Buoyed To A Surge By Rate Cut
The Philippine Stock Exchange (PSE) index surged Friday following a rate cut by the Bangko Sentral ng Pilipinas.
By The Financial District
Aug 16, 20241 min read
Iraq Wheat Production Soars 21% Amid Ample Rainfall
Iraq’s wheat output hit 6.3 million tons (MT) this year, an almost 21% annual increase that marked a second year of self-sufficiency in...
By The Financial District
Aug 16, 20242 min read
Western Insurers Provide Cover For Russian Oil Exports
A group of Western insurers has provided cover for tankers carrying Russian crude, keeping its oil flowing after many in the trade sector...
By The Financial District
Aug 16, 20241 min read
U.S. Weekly Jobless Claims At One-Month Low
The number of Americans filing new applications for unemployment benefits dropped to a one-month low last week, suggesting that an...
By The Financial District
Aug 16, 20241 min read
Wall Street Marches Ahead As Retail Sales Squelch Slowdown Fears
Wall Street's main indices rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending, alleviating...
By The Financial District
Aug 15, 20242 min read
PSE Index's Momentum Sputters On Profit-Taking
The Philippine Stock Exchange initially soared but eventually closed 12.05 points down, or 0.18 percent lower, at 6,692.91 points due to...
By The Financial District
Aug 15, 20241 min read
BOI Targets PHP1 Trillion In Investment Approvals For 2025
The Board of Investments (BOI), the Philippines' lead investment promotion agency under the Department of Trade and Industry (DTI), aims...
By The Financial District
Aug 15, 20241 min read
Shrinking Cash Cushions May Pinch U.S. Consumer Spending
Middle- and low-income U.S. families now have significantly fewer liquid resources, like bank deposits, than they were on track to have...
By The Financial District
Aug 15, 20242 min read
U.S. Navy Warship Production Stymied By Labor Shortage
The Navy’s ability to build lower-cost warships depends in part on a 25-year-old laborer who previously made parts for garbage trucks.
By The Financial District
Aug 15, 20241 min read
Oil Sags As U.S. Builds Stockpile
Oil prices fell after earlier fluctuations between gains and losses, following a government report that showed a surprising build in U.S...
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