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By The Financial District
Jan 31, 20242 min read
PSE Index Surges Back To Green
The Philippine Stock Exchange (PSE) index surged again today, signaling a renewed push towards breaking the 6,700-point resistance level.
By The Financial District
Jan 31, 20241 min read
U.S. Selects Philippines As CHIPS Partner Country
The United States has chosen the Philippines as a partner country under the CHIPS and Science Act, aimed at diversifying its semiconductor..
By The Financial District
Jan 31, 20241 min read
Europe Narrowly Avoids Recession
Europe narrowly avoided entering a recession by the slimmest of margins at the end of 2023.
By The Financial District
Jan 31, 20241 min read
PBBM Aims To Expand Trade With Vietnam To US$10-B
President Ferdinand R. Marcos Jr. has announced plans to bolster bilateral trade between the Philippines and Vietnam, aiming to increase...
By The Financial District
Jan 30, 20242 min read
Gas Demand Spurs $223-B In New Investments
Europe’s demand for gas is driving $223 billion in new investment to produce the fuel globally during the next decade, according to a new...
By Reggie Vizmanos
Jan 30, 20242 min read
PHP1.2-T Investments Given Green Lane Endorsements
Up to PHP1.196 trillion worth of projects were given green lane endorsements by the One-Stop Action Center for Strategic Investments...
By The Financial District
Jan 30, 20241 min read
PSE Index Hiccups To Decline
The Philippine Stock Exchange (PSE) Index declined today after an early rise that attempted, for the third time, to break the resistance...
By The Financial District
Jan 30, 20241 min read
U.S. Economy Grows 3.3% In Last Quarter Of 2023
The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued...
By The Financial District
Jan 29, 20241 min read
Central Tokyo Condo Price Tops 100-M Yen For 1st Time
The average price of new condominiums released last year in central Tokyo topped 100 million yen ($677,000) for the first time, driven by...
By The Financial District
Jan 28, 20241 min read
U.S. Set to Offer Billions In Subsidies For Advanced Chips
The Biden administration is expected to award billions of dollars in subsidies to top semiconductor companies, including Intel and Taiwan...
By The Financial District
Jan 28, 20241 min read
U.S. Fed Rate Cuts Certain To Happen In 1st Qtr
The US Federal Reserve is widely expected to start cutting interest rates in the coming months as inflation edges closer to its long-run..
By The Financial District
Jan 28, 20241 min read
German Train Drivers To End Strike Early As Talks Resume
Germany's GDL train drivers' union will call off its industrial action earlier than planned as negotiations with rail operator Deutsche...
By The Financial District
Jan 26, 20241 min read
Markets Are Jonesing For Interest Rate Cuts: ECB
European Central Bank President Christine Lagarde will likely push back against expectations for quick interest rate cuts even as Europe’s..
By The Financial District
Jan 26, 20241 min read
Protectionism Stops China’s Cheap EVs From Demolishing Rivals
Competition from Chinese EV automakers may be starting to get to Elon Musk and Tesla.
By The Financial District
Jan 26, 20241 min read
Saudi To Open First Alcohol Store For Diplomats
Saudi Arabia is preparing to open its first alcohol store in the capital Riyadh which will serve exclusively non-Muslim diplomats.
By The Financial District
Jan 26, 20241 min read
PSE Index Closes Week Slightly Up
The Philippine Stock Exchange (PSE) index ended the week slightly higher, once again nearing its resistance level, closing at 6,686.09...
By The Financial District
Jan 26, 20241 min read
Central Japan Quake Damage To Reach ¥2.6 Trillion
The Japanese government said damage to infrastructure from the earthquake that rocked central Japan on New Year's Day may reach a maximum...
By The Financial District
Jan 26, 20241 min read
European Shares Slip But Chinese Markets Lead Gains In Asia
Global shares were mixed on Thursday as European markets retreated following gains in Asia, where Chinese stocks rallied after Beijing...
By The Financial District
Jan 25, 20241 min read
PSE Index Pauses On Profit-Taking
The Philippine Stock Exchange (PSE) index today paused on profit-taking but only experienced a small decline of 6.46 points or 0.10 percent.
By The Financial District
Jan 25, 20241 min read
India Overtakes Hong Kong As World’s 4th Largest Stock Market
India’s stock market capitalization has overtaken Hong Kong’s for the first time as the South Asian nation’s growth prospects and policy...
By The Financial District
Jan 25, 20241 min read
China Mulls Bourse Rescue With $278 Billion Fund
Chinese authorities are considering measures to stabilize a slumping stock market.
By The Financial District
Jan 25, 20242 min read
Recto Assures PH "Red Carpet Welcome" For U.S. Investors
Finance Secretary Ralph Recto assured United States officials that the Philippines, led by President Ferdinand R. Marcos Jr., is committed..
By The Financial District
Jan 24, 20241 min read
Monetary Board Approves $3.32 Billion Borrowings
For the period October to December 2023, the Monetary Board (MB) approved seven public sector medium-to-long-term (MLT) foreign borrowings..
By The Financial District
Jan 24, 20241 min read
Duty Free Generates $102.9-M In Sales
The Duty Free Philippines Corporation (DFPC) reported generating USD 102.9 million last year, marking a 53 percent growth from its USD...
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