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By The Financial District
May 24, 20241 min read
U.S. Bans Imports From 26 Chinese Textile Firms
The US has announced that it is blocking imports from dozens of China-based textile companies, citing forced labor concerns.
By The Financial District
May 24, 20241 min read
Asian Shares Mixed, China Stocks Down, As Wall St. Retreats
Asian shares were trading mixed Thursday as investor sentiment in Tokyo was boosted by news of soaring Nvidia earnings.
By The Financial District
May 23, 20241 min read
PSE Index Recovers
The Philippine Stock Exchange (PSE) today recovered as foreign investors became net buyers for the first time in two weeks, boosting the...
By The Financial District
May 23, 20241 min read
China To Slap 25% Tariffs On U.S., EU Cars
China may impose tariffs as high as 25% on imported cars with 2.5-liter engines.
By The Financial District
May 23, 20242 min read
Economy Much Better Under Biden Than Trump: Robert Reich
Not since Theodore Roosevelt ran against William Howard Taft in 1912 have voters been able to weigh the records of two men who have done...
By The Financial District
May 23, 20242 min read
Expansion of EO 12 Tariff Coverage To Create More Green Jobs --- Recto
Finance Secretary Ralph Recto envisions the expansion of the electric vehicle (EV) incentive program under Executive Order 12 to enhance...
By The Financial District
May 23, 20242 min read
U.S. Tariff Increases On Chinese EVs Start Aug. 1
Some of the steep US tariff increases on an array of Chinese imports, including electric vehicles and their batteries, computer chips, and..
By The Financial District
May 23, 20242 min read
PSE Index Retreats Further
The Philippine Stock Exchange (PSE) saw further declines Wednesday, with the index retreating and briefly dropping below a milestone level..
By The Financial District
May 22, 20241 min read
FDIC Chief To Resign Over Toxic Workplace Culture: White House
The White House has stated that the chairman of the Federal Deposit Insurance Corporation will step down, a departure that follows the...
By The Financial District
May 22, 20241 min read
Japanese Firms Offer Highest Pay Hike In 32 Years
A survey of major Japanese firms showed they offered their highest monthly wage increases in 32 years at over 5% in the spring wage...
By The Financial District
May 22, 20241 min read
Ivan Boesky, Broker Convicted In Insider Trading Scandal, Dies at 87
Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals..
By The Financial District
May 22, 20241 min read
Asian Shares Decline After Nasdaq Sets Record High
Asian shares mostly fell Tuesday, even as most US stock indices finished higher, especially technology issues like Nvidia.
By The Financial District
May 21, 20241 min read
Balance Of Payments Deficit Revealed
The country’s overall balance of payments (BOP) position posted a deficit of US$639 million in April 2024, higher than the US$148 million...
By The Financial District
May 21, 20242 min read
PSE Index Down On Profit-Taking
The Philippine Stock Exchange (PSE) index declined Tuesday on profit-taking, closing at 6,633.66 points, down by 49.12 points or 0.74 per...
By The Financial District
May 21, 20242 min read
BBM Assures Pro-Investor Legislative Measures
President Ferdinand R. Marcos Jr. has renewed the administration’s commitment to creating a conducive business environment in the...
By The Financial District
May 21, 20241 min read
DOE Announces Higher Biodiesel Blend Starting October
The Department of Energy (DOE) announced that the downstream oil industry will increase its biodiesel mix beginning October this year.
By The Financial District
May 21, 20241 min read
World Faces Shortage Of Minerals For Energy Transition
The world faces a shortage of the minerals needed to make the electric vehicles (EVs), wind turbines, solar panels, and other clean energy..
By The Financial District
May 21, 20241 min read
Wall St. Higher As S&P 500 And Nasdaq Head To Surpass Records
Most US stock indices are ticking higher on Monday, adding to their latest winning week.
By The Financial District
May 21, 20242 min read
PSE Index In Much-Needed Surge
The Philippine Stock Exchange (PSE) index surged Monday, with all the sub-indices posting gains and actually reaching a higher milestone...
By The Financial District
May 21, 20241 min read
Container Shipping Costs On EU-SK Route Surge 30%
Container shipping costs from Europe to South Korea rose more than 30% in April amid ongoing tensions surrounding the Red Sea.
By The Financial District
May 20, 20242 min read
Cubans Lament Collapse Of Its Iconic Sugar Industry
Last season, Cuba's production fell to just 350,000 tons of raw sugar, an all-time low for the country.
By The Financial District
May 19, 20241 min read
Japan’s Economy Contracts As Consumers, Firms Cut Spending
Japan’s economy shrank in the first quarter as consumers and companies cut spending, extending a dismal performance that stretches back to..
By The Financial District
May 18, 20241 min read
U.S. Small Business Sentiment Rebounds In April
US small-business confidence increased in April, and the share of owners planning to raise prices was the smallest in a year, but...
By The Financial District
May 18, 20241 min read
China Vows To Oppose Biden’s Tariffs
Beijing says it will take “all necessary actions” to protect its rights as US President Joe Biden announced huge tariffs on imports of...
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