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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.
By The Financial District
Dec 11, 20232 min read
California Faces Record $68-B Budget Deficit
California is facing a record $68 billion budget deficit, state officials announced Thursday, forcing hard choices for Democratic Gov...
By The Financial District
Dec 11, 20231 min read
U.S. Threatens Cancellation Of Patents Of Expensive Drugs
The Biden administration is putting pharmaceutical companies on notice, warning them that if the price of certain drugs is too high, the...
By The Financial District
Dec 11, 20231 min read
U.S. Employers Add 199,000 Jobs; Unemployment Falls
The nation’s employers added a solid 199,000 jobs last month, and the unemployment rate fell, fresh signs that the economy could achieve...
By The Financial District
Dec 11, 20231 min read
HK Move To Obey China Court Orders Rattles Businesses
Wealthy Chinese with assets in Hong Kong are expressing concerns about what could happen to their holdings under a new ordinance that will..
By The Financial District
Dec 11, 20231 min read
DOE, NIA Irrigation Facilities For Renewable Energy
The Department of Energy (DOE) and the National Irrigation Administration (NIA) in the Philippines have entered into a memorandum of...
By The Financial District
Dec 11, 20231 min read
Outstanding Debt Hits New Record Of ₱14.5-T
The country's outstanding debt reached a new high of ₱14.5 trillion, according to the National Treasury.
By The Financial District
Dec 11, 20232 min read
PH Records Historic Low Unemployment Rate Of 4.2% In October 2023
The Philippines recorded a historic low unemployment rate of 4.2% in October 2023, down from 4.5% in the previous month.
By The Financial District
Dec 8, 20231 min read
EV Demand Slows, Stumps U.S. Carmakers And Dealers
Despite reaching a record in the US this year with electric vehicle (EV) market share and sales, the growth of EVs is beginning to slow...
By The Financial District
Dec 8, 20232 min read
PH Manufacturing Up
The factory output, both in volume and value, continued to grow but at a slower pace than the recorded expansion in September.
By The Financial District
Dec 8, 20231 min read
Asian Shares Fall Along With Wall Street
Asian shares declined alongside Wall Street on Thursday, Dec 7, 2023, while a significant drop in oil prices to a five-month low promised...
By The Financial District
Dec 8, 20231 min read
Germany’s Stock Market Soars Despite Weak Economy
Germany’s benchmark stock index opened at an all-time high on Wednesday as investors’ growing confidence that interest rates will soon be...
By The Financial District
Dec 8, 20232 min read
PSE Index Plunges On Foreign Selling
Heavy foreign selling in stocks led to a significant decline in the Philippine Stock Exchange (PSE) index, plummeting by more than 70...
By The Financial District
Dec 7, 20231 min read
"Experts" Eating Their Words As Labor Market Stabilizes: Yellen
US Treasury Secretary Janet Yellen has stated that economists who predicted high US unemployment as necessary to curb inflation are...
By The Financial District
Dec 7, 20231 min read
U.S. Job Openings Fall To Lowest Level Since March 2021
US employers posted 8.7 million job openings in October, the fewest since March 2021, signaling a cooling in hiring despite remaining at a..
By The Financial District
Dec 7, 20232 min read
PSE Index Down As It Fails To Muster Momentum
The Philippine Stock Exchange (PSE) index experienced a decline in the most recent trading session, lacking the momentum needed to reverse..
By The Financial District
Dec 7, 20232 min read
Global Air Cargo Demand Up --- IATA
The International Air Transport Association (IATA) reported a positive trend in global air cargo demand for October 2023, marking the...
By The Financial District
Dec 7, 20232 min read
USDA Opportunities In PH Processed Veggie Market
The United States sees better opportunities in the market for processed vegetables in the Philippines, expecting it to become the second...
By The Financial District
Dec 7, 20231 min read
PCAFI Wants NFA Powers Restored
The Philippine Chamber of Agriculture and Food Inc. (PCAFI) is urging the Department of Agriculture (DA) to restore the mandate of the...
By The Financial District
Dec 7, 20231 min read
Analysts: PH Rejoining ICC To Boost Investments
Rejoining the International Criminal Court (ICC) could improve investor confidence in the Philippines because it shows that the government..
By The Financial District
Dec 7, 20231 min read
U.S. Stock Rally May Falter After Red Sea Attacks
An attack on a US warship and commercial vessels in the Red Sea on Sunday risks reigniting investor worries about a widening of the war...
By The Financial District
Dec 6, 20231 min read
Foreign Chambers Nix PPA’s Plan To Hike Storage Fees
More foreign chambers are opposing the Philippine Ports Authority’s (PPA) proposal to increase storage fees, saying this is ill-timed and...
By The Financial District
Dec 6, 20232 min read
Aerospace Exports Loom With Philippines-Abu Dhabi Free Trade Deal
The prospect of aerospace exports from the Philippines has emerged with the signing of a Comprehensive Economic Partnership Agreement...
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