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By The Financial District
Jan 4, 20241 min read
Asian Markets Slip On The First Trading Day Of 2024
Asian markets commenced the year on a downward trajectory following a decrease in Wall Street benchmarks during the final trading day of...
By The Financial District
Jan 3, 20241 min read
PSE Index Down In Halted Trading
The Philippine Stock Exchange (PSE) Index experienced a sharp decline in today's trading, leading to a trading halt just four minutes...
By The Financial District
Jan 3, 20241 min read
Household Energy Price Rises 5% In UK
An increase in the cost of domestic energy in England, Wales, and Scotland has taken effect, adding pressure to household budgets in the...
By The Financial District
Jan 3, 20241 min read
Netherlands Blocks ASML Exports To China
Chip machine manufacturer ASML has stated that the Dutch government had partially revoked an export license for the shipment of some chip...
By The Financial District
Jan 2, 20241 min read
Japan To Offer Tax Breaks For Tech Innovation In Farming
The government is pushing for "smart farming" by offering tax breaks for schemes that utilize technological innovation, as the industry...
By The Financial District
Jan 2, 20241 min read
PSE Index Starts The New Year In Strong Surge
The Philippine Stock Exchange (PSE) Index saw a substantial rise as it climbed to a milestone level in a robust surge, marking a positive...
By The Financial District
Jan 2, 20241 min read
Argentina Dumps Plan To Join BRICS Bloc
Argentina's new President, Javier Milei, has withdrawn the country from its planned entry into the expanding Brazil, Russia, India, China...
By The Financial District
Jan 2, 20241 min read
UK Removes VAT On Period Pants, Reducing Prices
Starting January 1, 2024, period underwear in the UK will no longer be subject to value-added tax (VAT), potentially leading to a decrease..
By The Financial District
Jan 2, 20241 min read
China's December 2023 Factory Contraction Deepens
China's manufacturing activity contracted for the third consecutive month in December 2023, declining more than expected.
By The Financial District
Jan 2, 20241 min read
China Talked Markets Out Of Battering The Yuan
In contrast to its approach in 2015 when it burned $1 trillion in reserves to stabilize the yuan, China has adopted a different strategy...
By The Financial District
Jan 2, 20241 min read
Japan Household Budget To Rise By $200 Per Person In 2024
Japanese households are expected to see a rise in budget burdens by 29,000 yen (about $206) per person in 2024.
By The Financial District
Jan 2, 20241 min read
Global Beer Consumption Rises, But Japan Not Keeping Pace
Global beer consumption increased for the second consecutive year to 192.1 million kiloliters in 2022, up 2.9% from the previous year and...
By The Financial District
Jan 2, 20242 min read
₱8.7 Trillion Flagship Projects Undertaken In 2023, NEDA Reports
The National Economic and Development Authority (NEDA) reported significant accomplishments in 2023, including the approval of 197...
By The Financial District
Jan 2, 20242 min read
China’s Economy Had A Miserable Year, But 2024 Might Be Even Worse
The Chinese economy has stalled to the point where it’s being called a “drag” on world output by the International Monetary Fund (IMF).
By The Financial District
Dec 31, 20231 min read
Stock Market Ends Year With A Bang, But 2024 Will Be Tougher
The final stages of 2023 couldn’t have gone much better for the stock market.
By The Financial District
Dec 31, 20231 min read
U.S. Economy Resilience Due To Consumer Spending: Dow Jones
The US economy remained remarkably resilient this year largely due to the strength of consumer spending.
By The Financial District
Dec 31, 20231 min read
Nvidia, Meta Stocks On Pace To Top S&P 500
Nvidia’s stock has soared 239% this year and is the top performer in the S&P 500, on pace for its best annual performance since 2001.
By The Financial District
Dec 31, 20231 min read
Gas Prices Will Fall In 2024, With Americans Spending $32 Billion Less On Fuel
Gas prices will fall in 2024 for the second year in a row, according to GasBuddy projections.
By The Financial District
Dec 31, 20231 min read
U.S. Holiday Air Travel Set To Break Records
The US is halfway through what AAA predicted would be the nation’s busiest holiday travel period ever for domestic airports, having...
By The Financial District
Dec 31, 20231 min read
Financial Markets Up 24% As 2023 Ends
The S&P 500 closed out 2023 with a gain of more than 24%, and the Dow finished near a record high, as easing inflation, a resilient...
By The Financial District
Dec 30, 20232 min read
PBBM Admin Claims It Has Conquered Inflation Spike
The Marcos, Jr. administration successfully tackled one of its major challenges in 2023—high inflation-linked partly to disrupted global...
By The Financial District
Dec 30, 20232 min read
$1.6 Billion Investment Inflow In November
Transactions on foreign investments registered with the BSP, through authorized agent banks (AABs) in November 2023, recorded net inflows...
By The Financial District
Dec 29, 20231 min read
50% Of Russia’s 2023 Oil, Gas Exports Went To China
Deputy Prime Minister Alexander Novak stated that half of Russia's oil and petroleum exports in 2023 would go to China, with India's share..
By The Financial District
Dec 29, 20231 min read
Goldman Sachs Eats Humble Pie Over China Error
At the start of 2023, Goldman Sachs was among the chorus of Wall Street banks predicting a bright new year, in part because of this...
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