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By The Financial District
Jul 29, 20242 min read
G20 Finance Ministers Meeting In Brazil Tackle Global Tax On The Super-Rich
Finance ministers from leading rich and developing nations gathered in Rio de Janeiro for a two-day meeting to discuss a global tax on the..
By The Financial District
Jul 28, 20241 min read
Japan’s Minimum Hourly Wage Set For Record ¥50 Hike In Major Boost
Japan's average hourly minimum wage is set to rise by another record amount as the government endeavors to support households in the face...
By The Financial District
Jul 28, 20241 min read
Asian Shares Mostly Advance After Wall St. Comeback
Shares were mostly higher in Asia on Friday, with major markets apart from Shanghai and Taiwan logging modest gains. US futures and oil...
By The Financial District
Jul 28, 20241 min read
BOJ Weighing Rate Hike
The Bank of Japan (BOJ) is likely to debate whether to raise interest rates when it meets this week and unveil a plan to roughly halve...
By The Financial District
Jul 27, 20242 min read
PSE Index Regains Milestone Level
The Philippine Stock Exchange (PSE) index regained its milestone level today after its loss post-Carina, with only the mining and oil sub...
By The Financial District
Jul 26, 20241 min read
Shares Drop In U.S., Asia As AI Stocks Slide
Financial markets in the US and Asia have fallen sharply as investors sell off shares in technology companies, with artificial...
By The Financial District
Jul 26, 20241 min read
HMV Boss Says More People Buying DVDs And Blu-ray In UK
Phil Halliday, managing director of HMV, said the retailer was in "good health" with all of its main product areas back in growth.
By The Financial District
Jul 26, 20241 min read
Vietnam Lets Big Companies Buy Clean Energy Directly
Vietnam will let electricity-guzzling factories buy electricity from wind and solar power producers.
By The Financial District
Jul 25, 20242 min read
PSE Index Bombs Out
The Philippine Stock Exchange (PSE) index experienced significant losses today, with all sub-indices posting declines.
By The Financial District
Jul 25, 20241 min read
World Stocks Fall As Investors Are Miffed By Bad Tech Earnings
World stocks fell on Wednesday as the earnings reporting season ramped up for big companies, with investors showing a lack of enthusiasm...
By The Financial District
Jul 25, 20242 min read
Corporate Tax Cuts Don’t Create Jobs, Enrich Billionaires: Robert Reich
Former US Labor Secretary Robert Reich has slammed Donald Trump and GOP leaders for claiming that corporate tax cuts favor the economy.
By The Financial District
Jul 24, 20241 min read
Traders Betting On Big Fed Rate Cut In September
Bond traders are ramping up bets that the Federal Reserve will cut interest rates by half a percentage point in September instead of the...
By The Financial District
Jul 24, 20241 min read
Asian Shares Mixed After Wall St. Breaks Losing Streak
Shares were mostly higher Tuesday in Asia after U.S. stocks closed broadly higher, as Big Tech stocks recovered some of their recent sharp..
By The Financial District
Jul 23, 20242 min read
PSE Index Back In Green Territory
The Philippine Stock Exchange (PSE) index today recovered, closing at 6,753.12 points, up by 41.07 points or 0.61 percent, with foreign...
By The Financial District
Jul 23, 20242 min read
Downshifting U.S. Inflation May Hasten Fed Rate Cut
The runway toward a Federal Reserve interest-rate cut will come more into focus in the coming week amid fresh signs inflation is abating...
By The Financial District
Jul 23, 20241 min read
U.S. Wholesale Inflation Picked Up In June
Wholesale prices in the US rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain..
By The Financial District
Jul 23, 20242 min read
Xi Vows to Use Taxes to Fund Debt-Ridden Regions
President Xi Jinping unveiled sweeping plans to bolster the finances of China’s indebted local governments as the ruling Communist Party...
By The Financial District
Jul 23, 20241 min read
$3.9-B Government Foreign Borrowings Approved
The Monetary Board, the policymaking body of the Bangko Sentral ng Pilipinas, has approved a total of $3.9 billion in government...
By The Financial District
Jul 22, 20243 min read
DOF Elated By Lower Poverty Incidence Level
Finance Secretary Ralph G. Recto has underscored that the Philippines’ lower and better-than-expected poverty incidence in 2023 is very...
By The Financial District
Jul 22, 20242 min read
BBM Highlights Record-High Palay Production
President Ferdinand R. Marcos Jr. highlighted on Monday the country’s record-high local palay production despite the effects of the...
By The Financial District
Jul 22, 20242 min read
PSE Index Soars, Then Drops To Close At Lowest Price Point
The Philippine Stock Exchange (PSE) index soared to a new milestone level in the early hours of trading but declined as the minutes ticked..
By Gerry Urbina
Jul 22, 20243 min read
Energy Transition: Idealism vs. Pragmatism
The recent filing of a case against Department of Energy (DOE) Secretary Raphael Lotilla by Sanlakas and the Power for People Coalition...
By The Financial District
Jul 21, 20241 min read
Wall St. Ends Worst Week Since April With More Losses
US stocks slumped Friday in another washout, as businesses around the world scrambled to contain the effects of a disruptive technology...
By The Financial District
Jul 21, 20241 min read
BOP Position In Deficit
The country’s overall balance of payments (BOP) position posted a deficit of US$155 million in June 2024, lower than the US$606 million...
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