By The Financial District
Meta Shares Up 20% As Zuckerberg Vows To Bolster Efficiency
For years, Facebook and its CEO Mark Zuckerberg invested heavily in growth, including in areas like virtual reality with unproven potential.
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By The Financial District
- 21 hours ago
- 2 min
U.S. Fed Raises Interest Rate By A Low 0.25 Point
The US Federal Reserve on Wednesday, Feb. 1, 2023, approved another hike in its benchmark interest rate, but at a slower pace of 0.25...
By The Financial District
- 21 hours ago
- 2 min
Alaska Milk, D&G Pacific Launch Upcycling Facility
Alaska Milk Corp. and D&G Pacific Corp. on Feb. 2 launched a multi-layered plastic upcycling facility that aims to collect and upcycle...
By The Financial District
- 21 hours ago
- 3 min
IMF Maintains PH Growth Forecast
The International Monetary Fund (IMF) kept its growth projection of 5.0% for the Philippines this year, even as it slashed the forecast...
By The Financial District
- 21 hours ago
- 2 min
Bugatti Sells Its Last Purely Gas-Powered Car For $10.7-M
Bugatti sold its last purely gas-powered supercar at a Paris auction for more than $10 million, setting a world auction record for a new...
By The Financial District
- 21 hours ago
- 1 min
Rolls-Royce's New Boss Says Company 'A Burning Platform
The new boss of Rolls-Royce, Tufan Erginbilgic, has described the engineering giant as a "burning platform" and said the company's...
By The Financial District
- 22 hours ago
- 2 min
White House Slams Exxon Profit As 'Outrageous'
Oil giant ExxonMobil reaped a record $55.7-billion (£45.2 billion) in profit last year as oil prices surged following Russia's invasion of..
By The Financial District
- 22 hours ago
- 2 min
500,000 UK Workers Strike In Biggest Walkout In 12 Years
Half a million workers went on strike in Britain on Wednesday, Feb. 1, 2023, calling for higher wages in the largest such walkout in over...
By The Financial District
- 22 hours ago
- 2 min
NY Attorney General Seeks Sanctions vs Trump For Lying
New York Attorney General Letitia James has asked the judge overseeing her $250m fraud lawsuit against Donald Trump, his three eldest...
By The Financial District
- 1 day ago
- 2 min
PSE Index Clobbered
The Philippine Stock Exchange (PSE) index today got clobbered to close 90.77 points or 1.29 percent down to 6,936.61 points as investors...
By The Financial District
- 2 days ago
- 1 min
Musk’s Starlink PH Service Expected To Start In Q1
Starlink, the satellite internet unit of Elon Musk’s SpaceX, is on track to enter the Philippine market this year, with its broadband...
By The Financial District
- 2 days ago
- 2 min
Big-Time Oil Price Rollback Set
The renewed plunge in global fuel prices and appreciation of the peso will ease the financial burden of local consumers as oil companies...
By The Financial District
- 2 days ago
- 2 min
PH Closed 2022 With ₱13.42-T Debt
The Philippines incurred an outstanding total debt of P13.418 trillion at end-2022, up by 14.4% from end-2021’s P11.728 trillion.
By The Financial District
- 2 days ago
- 4 min
UN: Strong Demand To Boost 2023 PH Growth
Strong demand may help support Philippine economic growth this year despite a potential global recession, according to the United Nations...
By The Financial District
- 2 days ago
- 1 min
Ukraine War Helps Shell Double Its Profit
Global energy giant Shell said that its annual profits doubled to a record high last year as oil and natural gas prices soared after...
By The Financial District
- 2 days ago
- 1 min
Ford 4Q Profit Drops 90%; Cost-Cutting Spree Looms
Ford Motor Co. reported Thursday that its fourth-quarter net income fell 90% from a year earlier, leading company officials to say the...
By The Financial District
- 3 days ago
- 2 min
Concepcion Doubled Q4 Net Earnings
Listed supplier of home appliances Concepcion Industrial Corp. (CIC) has announced that it closed the fourth quarter of 2022 with P60...
By The Financial District
- 3 days ago
- 2 min
Globe, Japan Firm To Complete Subsea Cable laying By April
Globe Telecom, Inc. and its partners have commissioned a Japanese company to finish by April the last leg of a submarine cable network...
By The Financial District
- 3 days ago
- 3 min
Marcos To Sign 7 Bilateral Deals During Japan Trip
President Ferdinand R. Marcos, Jr. is expected to sign seven key bilateral deals covering infrastructure, defense, and tourism, among...
By The Financial District
- 3 days ago
- 1 min
Starbucks Misses Sales, Revenue Forecasts
Starbucks reported lower-than-expected sales in its fiscal first quarter, with COVID store shutdowns in China overshadowing stronger...
By The Financial District
- 3 days ago
- 1 min
Amazon Tops Q4 Revenue Forecast But Profits Skid
Amazon has reported worse-than-expected fourth-quarter profits, but its revenue beat expectations boosted by sales in its cloud-computing...
By The Financial District
- 3 days ago
- 1 min
JAL Posts $127-M Net Profit From April-December 2022
Japan's two biggest airlines on Thursday posted net profit for the April to December period, marking the first time Japan Airlines Co. and..
By The Financial District
- 4 days ago
- 2 min
PSE Index Recovers At Close
The Philippine Stock Exchange (PSE) index today recovered to close above the 7,000-point milestone level after flashing in negative...
By The Financial District
- 4 days ago
- 2 min
Japan Buys Record 23-Trillion Yen Bonds To Stem Rise In Yield
The Bank of Japan bought 23.69 trillion yen ($182 billion) worth of Japanese government bonds in January, a monthly record, after...
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