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By The Financial District
Oct 21, 20231 min read
Wall Street's Worst Week In A Month Ends With More Losses
Wall Street racked up more losses on Friday (Saturday, October 21, 2023, in Manila) to close out its worst week in a month.
By The Financial District
Oct 21, 20231 min read
Gross Reserves Down To $98.1 Billion
The country's gross international reserves (GIR) decreased to US$98.1 billion as of end-September 2023 from US$99.6 billion as of end...
By The Financial District
Oct 21, 20232 min read
EEI, Samsung Engineering To Join Saudi Projects
EEI Corporation, one of the country's leading construction companies, recently signed a Memorandum of Understanding (MOU) with Samsung...
By The Financial District
Oct 21, 20232 min read
Diokno Pitches Investment Opportunities From Maharlika
Finance Secretary Benjamin E. Diokno made a strong pitch for investment opportunities in the Philippines' Maharlika Investment Fund (MIF)...
By The Financial District
Oct 21, 20233 min read
PH, Saudi Sign Over $4.26 Billion Investment Deals
President Ferdinand R. Marcos, Jr. has secured more than $4.26 billion worth of investments from Saudi business leaders on the sidelines...
By The Financial District
Oct 20, 20232 min read
PSE Index Posts Big Loss
The Philippine Stock Exchange (PSE) index posted a significant loss today due to geopolitical concerns.
By The Financial District
Oct 20, 20231 min read
China’s BRI Runs Into Big Hurdles
China’s Belt and Road Initiative (BRI), Beijing’s signature infrastructure project, was supposed to connect Asia, Africa, and Europe...
By The Financial District
Oct 20, 20231 min read
U.S. Lifts Sanctions On Venezuela's Oil And Gold
The United States has partially lifted sanctions against the Nicolas Maduro government, following a deal the socialist regime reached the...
By The Financial District
Oct 19, 20233 min read
PSE Index Exhibits Weakness
On the latest trading day, the Philippine Stock Exchange (PSE) index displayed signs of weakness, largely attributed to the global...
By The Financial District
Oct 19, 20231 min read
China's Growth Weakens To 4.9% In Q3
The Chinese government reported that the country's economy experienced a slowdown during the summer due to a decline in global demand for...
By The Financial District
Oct 19, 20231 min read
U.S. Ban On Advanced Chips Impacting Supply Chains And U.S. Firms, Claims China
China has vehemently protested against the US Commerce Department's most recent update to export controls aimed at preventing the export...
By The Financial District
Oct 19, 20231 min read
Slower China Growth Affects Global Stock Markets
Markets fell in Europe and Asia after China reported on Wednesday that its economy grew at a 4.9% annual pace in July-September, down from..
By The Financial District
Oct 18, 20231 min read
BPO Sector Eyes Calabarzon For Its Wider Operation
The Philippines' business process outsourcing (BPO) sector is expanding its operations to the Calabarzon region, leveraging the abundance...
By The Financial District
Oct 18, 20232 min read
Munger Criticizes AI And Crypto As "Stupidest Investments"
Billionaire investor Charlie Munger expressed strong disapproval of two popular investment trends during a keynote address at Zoom's...
By The Financial District
Oct 18, 20232 min read
China’s Crackdown Killing HK Economy: Matthew Lau
At the M+ art museum in Hong Kong, hundreds of business executives and diplomats recently convened to discuss strategies for...
By The Financial District
Oct 18, 20232 min read
BRI Only Benefited China As Trade Boomed But Other Nations Buried In Debt
A signature policy of President Xi Jinping, the Belt and Road Initiative (BRI), aimed at bringing China closer to the world through...
By The Financial District
Oct 18, 20231 min read
Wall Street Sinks As Asian Stocks Go Up
Wall Street is experiencing a decline as a result of the latest indication that the U.S. economy may still be too robust for the Federal...
By The Financial District
Oct 18, 20232 min read
Era Of China's Global Dominance Is "Over"
We've reached the end of an era for the Chinese economy.
By The Financial District
Oct 17, 20231 min read
PBBM Foreign Visits Said To Yield ₱427-B Investments
President Ferdinand R. Marcos Jr. has made foreign visits that resulted in P427 billion worth of foreign investments, with a significant...
By The Financial District
Oct 17, 20231 min read
China's Exports And Imports Experience Slower Rate Of Decline For Second Straight Month
China's exports and imports experienced a slower rate of decline for the second consecutive month in September.
By The Financial District
Oct 17, 20232 min read
PSE Index In Big Recovery
The Philippine Stock Exchange (PSE) index made a significant recovery today, primarily driven by bargain hunting as investors sought...
By The Financial District
Oct 17, 20231 min read
Global Shares Mostly Fall
World shares declined, and oil prices showed mixed trends as investors prepared for a potential Israeli invasion of the Gaza Strip.
By The Financial District
Oct 17, 20231 min read
Russia Follows China's Lead In Freezing Japanese Seafood Imports
Russia announced its suspension of all Japanese seafood imports, following a move by China, in response to Tokyo's release of treated...
By The Financial District
Oct 17, 20231 min read
Beijing To Host Global Meeting To Pitch China As Alternative Power To U.S.
Chinese leader Xi Jinping is convening world leaders in Beijing this week for a high-profile forum with clear objectives.
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