By The Financial District
Walmart Warns Customers: Tariffs Will Mean Higher Prices
Walmart, the world’s largest retailer, has issued a stark warning to customers that potential tariffs promised by President-elect Donald...
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By The Financial District
7 minutes ago1 min read
Bank Loans Rise By 10.6%
Outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements grew by 10.6% year-on-year in...
By The Financial District
14 minutes ago2 min read
Investors To Analyze Retailers’ Holiday Sales Outlooks
Consumers are entering the peak of the holiday shopping season, weary of high prices but eager for bargains.
By The Financial District
19 minutes ago2 min read
Toyota Revives Tamaraw Model With ₱5.5 Billion Investment
The Philippine Economic Zone Authority (PEZA) has reaffirmed its support for Toyota Motor Philippines Corporation (TMP) and the automotive..
By The Financial District
28 minutes ago1 min read
Intel's $7.86 Billion Subsidy Deal Limits Sale of Chip Manufacturing Unit
Intel has revealed that the $7.86 billion in US government subsidies it has secured restricts its ability to sell stakes in its chip...
By The Financial District
45 minutes ago1 min read
Bank of Korea Makes Surprise Interest Rate Cut, Warns Of Trade Risks
The Bank of Korea (BOK) has surprised markets by delivering its second consecutive interest rate cut, slashing the benchmark rate to 3%...
By The Financial District
54 minutes ago2 min read
FATF Concerns Blamed For Net Outflows In Investment
The Philippines experienced a significant shift in foreign investment flows in October 2024.
By The Financial District
8 hours ago1 min read
Anglo American Sells Aussie Coal Mines To Peabody Energy For $3.78-B
Anglo American has announced having agreed to sell its Australian steelmaking coal mines to Peabody Energy for a cash consideration of up...
By The Financial District
2 days ago2 min read
PSE Index Closes Month Still Sinking
The Philippine Stock Exchange (PSE) index declined again Friday, with foreign investors acting as net sellers amounting to over ₱1 billion.
By The Financial District
3 days ago1 min read
Asian Stocks Subdued, Dollar Dips Amid Thanksgiving Trading Lull
Asian markets traded cautiously on Thursday, with investors wary following US economic data that signaled stalled progress in reducing...
By The Financial District
3 days ago1 min read
Saudi Aramco To Invest $1 Billion In U.S. Telecom Tech Maker Mavenir
Saudi Aramco’s digital subsidiary, Aramco Digital, is reportedly negotiating a $1 billion investment for a minority stake in U.S.-based...
By The Financial District
3 days ago1 min read
Meta Faces Shareholder Lawsuit Over Cambridge Analytica Scandal
Meta has definitively lost its bid to avoid a shareholder lawsuit over the Cambridge Analytica scandal.
By The Financial District
3 days ago1 min read
China’s Richest Man Blasts Tech Giants And Government
China’s richest man has criticized online shopping platforms, accusing them of instigating price wars that have harmed companies and...
By The Financial District
3 days ago2 min read
New Inflation Data Won’t Change Fed Interest Rate Tack
Economic reports this week are highlighted by Wednesday’s release of an inflation measure favored by Federal Reserve policymakers.
By The Financial District
3 days ago1 min read
German Auto Supplier Bosch To Cut 5,500 Jobs
Bosch, Germany's leading technology and services company, has announced that it plans to reduce its automotive division workforce by up to..
By The Financial District
3 days ago1 min read
Australia Withdraws Misinformation Bill Labeled As "Censorship"
The Australian government has withdrawn a proposed bill that would have empowered a media watchdog to monitor digital platforms and...
By The Financial District
3 days ago1 min read
Russia Fires General For False Claims About Progress In Ukraine
Russia has dismissed a senior military commander for allegedly making false claims about the progress of its war effort in eastern...
By The Financial District
4 days ago2 min read
PSE Index Plunges Below Support Level As Bearish Sentiment Pervades
The Philippine Stock Exchange (PSE) Index slid below its critical support level today, heightening bearish sentiment in a period typically..
By The Financial District
4 days ago2 min read
Meralco Collaborates With KEPCO To Advance Smart Metering Technologies
The Manila Electric Company (Meralco), the largest power distribution utility in the Philippines and part of the Manuel V. Pangilinan-led...
By The Financial District
4 days ago1 min read
Canadian Expert Warns Firms About Deepfake Threats
Deepfake technology poses a significant threat to organizations' finances and reputations.
By The Financial District
4 days ago1 min read
Amazon To Invest $4 Billion In Anthropic
Amazon will invest $4 billion in Anthropic, doubling its commitment to the AI startup since last year.
By The Financial District
4 days ago1 min read
Fraud Probe Launched Into UK Defense Firm Thales
A fraud investigation has been launched into allegations of bribery and corruption at the aviation and defense firm Thales.
By The Financial District
4 days ago1 min read
Crisis-Plagued Britain Paid $91 Million For King Charles’ Coronation
The coronation of King Charles III and Queen Camilla in May 2023 cost British taxpayers £72 million ($91 million), a sum some have deemed...
By The Financial District
4 days ago1 min read
DirecTV Cancels Merger Deal With Dish
DirecTV has terminated its proposed merger with Dish, a deal that would have created one of the largest pay-TV distributors in the US with..
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