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By The Financial District
Jul 15, 20241 min read
OFW Remittances Hit $2.88 Billion In May
Personal remittances from Overseas Filipinos (OFs) rose by 3.7 percent to US$2.88 billion in May 2024, compared to US$2.78 billion...
By The Financial District
Jul 15, 20241 min read
U.S.-China Chip Fight Will Continue: Ex-ASML CEO
US-China disputes over computer chips are ideological rather than fact-based and are likely to continue.
By The Financial District
Jul 15, 20241 min read
Trump Presidency Would Cause Spike In U.S. Bond Yields, Severe Inflation
A win for Donald Trump in the US presidential election in November would herald a spike in long-term US Treasury yields.
By The Financial District
Jul 13, 20242 min read
PSE Index Stays Green Amidst Subdued Trading
The Philippine Stock Exchange (PSE) index remained in the green Friday, closing 38.99 points higher at 6,648.23 points, up by 0.59 percent.
By The Financial District
Jul 13, 20242 min read
Powell Highlights Slowing Job Market, Indicating Potential Rate Cuts
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress.
By The Financial District
Jul 13, 20241 min read
Asian Stocks Track U.S. Rally As Tech Shares Rise
Asian equities advanced after a rally in the world’s largest tech stocks lifted global shares to new highs ahead of US inflation data due...
By The Financial District
Jul 13, 20241 min read
Meetings, Incentives, Conferences, & Exhibitions (MICE) Sector Helps Boost PH Economy
The Meetings, Incentives, Conferences, and Exhibitions (MICE) sector significantly boosts the Philippine economy, Department of Tourism...
By The Financial District
Jul 12, 20242 min read
DOE Eyes PHP72-B Cost For PH Total Electrification Resulting In PHP315-B Economic Benefit
The Philippines needs approximately PHP72 billion to fund the government's goal of achieving 100 percent total household electrification...
By The Financial District
Jul 12, 20242 min read
PSE Index Surges 2 Milestone Levels
The Philippine Stock Exchange (PSE) index surged by two milestone levels Thursday reaching 6,609.24 points, an increase of 119.89 points...
By The Financial District
Jul 11, 20241 min read
Asian Shares Mixed As Japan’s Nikkei 225 Hits New High
Shares were mixed in Asia, while Tokyo’s Nikkei 225 index closed at another record high Wednesday as investors awaited further comments by..
By The Financial District
Jul 11, 20241 min read
BOJ Ups Economic Prospects Of Regions Despite Inflation, Weak Yen
The Bank of Japan on Monday upgraded its economic assessment of two of Japan's nine regions but became more cautious about another two...
By The Financial District
Jul 11, 20241 min read
China Cognac Probe Retaliation For EU Car Tariffs: LVMH
China's anti-dumping investigation into Europe's cognac industry is a retaliatory measure against European Union (EU) tariffs on Chinese...
By The Financial District
Jul 11, 20242 min read
PSE Index Hiccups To Go Down A Level
The Philippine Stock Exchange (PSE) index declined Wednesday to 6,489.35 points, dropping by 67.31 points or 1.03 percent, with all sub...
By The Financial District
Jul 10, 20241 min read
Japan Corporate Bankruptcies Hit 10-Year High
The number of corporate bankruptcies in Japan hit a 10-year high in the first half of 2024, marking the 3rd consecutive year of increase...
By The Financial District
Jul 10, 20241 min read
World Shares Mixed As Investors Await Powell Testimony
Global shares were mixed on Tuesday as investors waited to see if US Federal Reserve Chair Jerome Powell would sound supportive of rate...
By The Financial District
Jul 10, 20242 min read
Steel Industry Supply Chain Gaps Addressed
President Ferdinand R. Marcos Jr. has urged increased cooperation among government agencies and various stakeholders to address the...
By The Financial District
Jul 10, 20242 min read
PSE Index Stays Green
The Philippine Stock Exchange (PSE) index closed just a point shy of its highest price point, ending Tuesday at 6,556.66 points, up by...
By The Financial District
Jul 9, 20241 min read
China-Built EVs Hit With Duties In Biggest EU Trade Case Yet
The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles (EVs) made in China.
By The Financial District
Jul 9, 20242 min read
Cong. Salceda Says Outright POGO Ban Not the Solution
Cong. Joey Sarte Salceda, head of the powerful House Ways and Means Committee which identifies revenues for the government, said that...
By The Financial District
Jul 9, 20241 min read
Wall St. Up Ahead Of Bank Earnings And Powell Testimony This Week
Stocks edged higher in morning trading on Wall Street Monday, adding to the record highs set last week.
By The Financial District
Jul 9, 20241 min read
S&P Sends Debt Warning To U.S., France, Other Economies
The US, France and major economies are unlikely to halt the increases in their debt levels in the next few years, credit rating firm S&P...
By The Financial District
Jul 8, 20241 min read
New UK Chancellor: Tories Didn’t Leave A Huge Amount Of Money
Rachel Reeves has issued a damning assessment of the state of the UK’s finances.
By The Financial District
Jul 8, 20241 min read
PSE Index Rises As Inflation Drops Slightly
The Philippine Stock Exchange (PSE) index rose today due to bargain hunting, reaching 6,529.43, an increase of 36.68 points or 0.56 percent.
By The Financial District
Jul 8, 20241 min read
Corporate France Braces For Political Turmoil
France's business elite is anxious about volatile politics, inexperienced policymakers, street protests, and a possible wave of...
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