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By The Financial District
Jan 9, 20242 min read
Wall Street Rallies Near Record Highs; Oil Prices Tumble
Wall Street experienced a robust rally on Monday, rebounding from a slow start to the year and nearly erasing all losses from the previous..
By The Financial District
Jan 9, 20241 min read
China’s High-Value Manufacturing Bid Risks Trade Wars
As China's property sector declines, President Xi Jinping aims to reshape the nation's economic model for the next decade by focusing on...
By The Financial District
Jan 9, 20242 min read
Insider Trading Concerns Cast Shadows Over Philippine Stock Exchange
In a recent Manila Rotary Club meeting featuring Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. as a guest, the governor outlined a..
By The Financial District
Jan 9, 20241 min read
Noto Quake To Cause $350-M Drop In Japan’s 2024 GDP
Economists at major securities firms estimate that Japan's nominal gross domestic product (GDP) will drop by several tens of billions of...
By The Financial District
Jan 9, 20241 min read
French Cognac Makers Blast China’s Anti-Dumping Probe
French cognac makers have rebutted claims by China that they are dumping brandy in the Chinese market, stating that the alleged price...
By The Financial District
Jan 9, 20241 min read
Taiwan Not Alone In Facing China's Economic Coercion
Minister of Economic Affairs Wang Mei-hua said that the government has been working to prepare Taiwanese businesses for the possible total..
By The Financial District
Jan 8, 20241 min read
Zhongzhi Bankruptcy Chokes China Property Sector
A Beijing court has accepted the application for bankruptcy from Zhongzhi Enterprise Group (ZEG), a shadow bank that has lent billions to...
By The Financial District
Jan 8, 20242 min read
PSE Index Declines On Profit-Taking
The Philippine Stock Exchange (PSE) index declined, closing at 6,609.22 points, down by 20.42 points or 0.31 percent.
By The Financial District
Jan 8, 20241 min read
States, Local Governments Grappling With Expensive Drugs
State and local governments across the US are grappling with a growing problem—expensive drugs to treat diabetes and obesity are...
By The Financial District
Jan 8, 20241 min read
U.S. Job Growth Exceeds Expectations
US job growth picked up in December, and wage gains exceeded expectations, further diminishing prospects for an imminent Federal Reserve...
By The Financial District
Jan 8, 20241 min read
Wall Street Recovers A Bit In Its Worst Week Since October 2023
Wall Street closed its worst week since Halloween with a listless Friday after reports showed workers are getting bigger raises, but key...
By The Financial District
Jan 8, 20241 min read
Applications For U.S. Unemployment Benefits Fall Again
The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite...
By The Financial District
Jan 8, 20241 min read
UN Forecasts Weak Global Economic Growth This Year
The United Nations (UN) has issued a somber global economic forecast for 2024, highlighting challenges from escalating conflicts, sluggish..
By The Financial District
Jan 7, 20242 min read
U.S. Stocks Are Down As Market Corrects
In the early days of 2024, stocks are already experiencing a downturn.
By The Financial District
Jan 7, 20241 min read
Asian Shares Trade Mixed, Tracking Wall Street Results
Asian shares were mixed on Friday, mirroring the finish on Wall Street, although export-related Tokyo stocks got a boost from a...
By The Financial District
Jan 6, 20241 min read
China Wants More Equity Funds To Back Stock Market
Beijing has informally asked some money managers in China to prioritize the launch of equity funds over other products like bond funds.
By The Financial District
Jan 6, 20241 min read
PSE Index Rises Anew On Inflation Numbers
The Philippine Stock Exchange (PSE) index saw another rise today following the announcement of the lowest inflation number at 3.9 percent...
By The Financial District
Jan 5, 20241 min read
 CREATE Law Bags Over PHP1-T investments
A total of 910 projects with combined investments worth over Php1.02 trillion have been approved under the Corporate Recovery and Tax...
By The Financial District
Jan 5, 20241 min read
Biden Invests $162-M For U.S. Chip Plants In Colorado, Oregon
The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the...
By The Financial District
Jan 5, 20241 min read
UK Docs Walk Off Jobs To Start 6-Day Strike
Patients faced canceled treatments after thousands of British doctors walked off the job on Wednesday, the start of a six-day strike over...
By The Financial District
Jan 4, 20241 min read
PSE Index Roars To New Level
The Philippine Stock Exchange (PSE) index surged to a new level, reaching 6,602.52 points, marking an increase of 103.64 points or 1.59...
By The Financial District
Jan 4, 20241 min read
U.S. Debt Surpasses $34 Trillion Due To Trump's Borrowing
The federal government’s gross national debt has exceeded $34 trillion, marking a record high that signals impending political and...
By The Financial District
Jan 4, 20241 min read
U.S. Was Top LNG Exporter In 2023
The US now leads the world in selling domestic natural gas to overseas customers, thanks to the rapid expansion of LNG liquefaction...
By The Financial District
Jan 4, 20241 min read
70% Of Firms Expect The Japanese Economy To Grow In 2024
More than 70% of major Japanese firms expect the domestic economy to grow in 2024, believing solid consumer and capital spending will...
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