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By The Financial District
Dec 16, 20231 min read
$6-Trillion Cash Hoard Could Fuel More U.S. Stock Gains
Investors wondering whether markets can continue their torrid rally are eyeing one important factor that could boost assets—a nearly $6...
By The Financial District
Dec 16, 20231 min read
Japan's Political Scandal May End Ultra-low Interest Rates
Japan's political scandal looks set to wipe out heavyweights of the ruling party's once-mighty faction favoring big monetary stimulus...
By The Financial District
Dec 15, 20232 min read
42 Poor Countries Saddled With $3.5 Trillion Debt: Bloomberg
A debt crisis is brewing across the world’s 42 poorest countries, and by 2024, these nations — known to rich-world investors as “frontier.."
By The Financial District
Dec 15, 20232 min read
PSE Index Soars Further
The Philippine Stock Exchange (PSE) Index surged further, even with losses in property, and mining and oil industries, thanks to increased..
By The Financial District
Dec 15, 20231 min read
Cop28 Cuts Deal To Transition Away From Fossil Fuels
Representatives from nearly 200 countries agreed at the COP28 climate summit to begin reducing global consumption of fossil fuels to avert..
By The Financial District
Dec 15, 20231 min read
$5 Trillion Options Expiration Blamed For Sluggish U.S. Stocks
Dealers squaring their books ahead of an options expiration, set to be the largest on record for S&P 500-linked derivatives, may be...
By The Financial District
Dec 15, 20232 min read
ADB Upgrades Economic Growth Prospects For Asia, Paving The Way For Resilient Recovery
In a significant development, the Asian Development Bank (ADB) has recently upgraded its economic growth forecast for the Asia-Pacific...
By The Financial District
Dec 14, 20232 min read
Scientists Discover Freshwater Deposit Beneath Sicily Mountain
In a groundbreaking discovery, scientists have found a substantial deposit of ancient freshwater beneath the mountains of Sicily.
By The Financial District
Dec 14, 20231 min read
NY Fed’s Recession-Predicting Tool Correct In 57 Years
The Federal Reserve Bank of New York's recession probability indicator (RPI) has been notably successful over the long run at forecasting...
By The Financial District
Dec 14, 20232 min read
PSE Index Soars To Two-Year High
The Philippine Stock Exchange (PSE) index experienced a significant surge, reaching two milestones higher for the first time in over two...
By The Financial District
Dec 14, 20231 min read
COP28 Summit At Risk Of Failure As UAE Abandons Fossil Fuel Commitment
The UN Cop28 summit is on the "verge of complete failure" after the United Arab Emirates (UAE) abandoned its commitment to phase out...
By The Financial District
Dec 13, 20232 min read
PSE Index Bogged Down By Foreign Selling
The Philippine Stock Exchange (PSE) index declined today due to renewed foreign selling in volatile trade, causing blue chips to fluctuate..
By The Financial District
Dec 13, 20231 min read
PH Agricultural Trade Contracts In Q3
The agricultural trade in the Philippines contracted by 12.0% to $6.20 billion in the third quarter compared to the same period a year...
By The Financial District
Dec 13, 20231 min read
US Scientists Discover $540 Billion Lithium Deposit in California Lake
Scientists from the Department of Energy studying the Salton Sea, the largest lake in California, have discovered a massive lithium...
By The Financial District
Dec 13, 20231 min read
Philippine Chamber of Agriculture and Food Urges Funding For Seaweed Industry
The Philippine Chamber of Agriculture and Food Inc. (PCAFI) is advocating for a budget of P250 million to support the local seaweed...
By The Financial District
Dec 13, 20233 min read
Gita Gopinath's Call for Economic Cooperation In A Fragmented World
In a thought-provoking plenary speech at the 20th World Congress of the International Economic Association in Colombia, IMF First Managing..
By The Financial District
Dec 12, 20232 min read
PSE Index Wakes Up
The Philippine Stock Exchange (PSE) index showed a significant upswing today, with all sub-indices closing higher after a substantial...
By The Financial District
Dec 12, 20231 min read
China’s Debt Crisis Will Worsen, Nikkei Asia Warns
Turmoil in China's housing market, coupled with weak consumer sentiment, is weighing on the nation's economy.
By The Financial District
Dec 12, 20231 min read
BSP Still Undecided On Rate Hike
The Bangko Sentral ng Pilipinas (BSP) has indicated that it is not considering an interest rate cut at this time, despite a deceleration...
By The Financial District
Dec 12, 20231 min read
China's Consumer Prices Sink, Factory-Gate Deflation Worsens
China's consumer prices fell at the fastest rate in three years in November, while factory-gate deflation deepened, indicating rising...
By The Financial District
Dec 11, 20232 min read
PH Dollar Reserves Up At $101.3-B End-November
The Philippines' gross international reserves (GIR) rose to $101.303 billion at the end of November, marking an increase of $268 million...
By The Financial District
Dec 11, 20232 min read
PSE Index Stumbles A Bit
The Philippine Stock Exchange (PSE) index closed slightly lower at 6,228.29 points today, a decrease of 6.48 points or 0.10 percent.
By The Financial District
Dec 11, 20231 min read
Chinese Leaders Okay Plan To Rev Up Slowing Economy
Chinese leaders agreed at an annual planning meeting to step up spending to help rev up the world’s second-largest economy.
By The Financial District
Dec 11, 20232 min read
Biden Showcases $8.2-B For 10 Major U.S. Rail Projects
President Joe Biden is heading to Las Vegas to showcase $8.2 billion in funding for 10 major passenger rail projects across the country.
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