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Bangko Sentral Orders GCash Operator To Address Unauthorized Withdrawals
The Bangko Sentral ng Pilipinas (BSP) has instructed G-Xchange, Inc. (GXI), operator of the GCash e-wallet, to urgently resolve reported...

By The Financial District
Nov 12, 20241 min read


Japan Pharma To Sue Lawmaker Who Called New COVID Vaccine A "Biological Weapon"
A Japanese pharmaceutical firm is considering filing a lawsuit seeking damages from a lawmaker who criticized the company’s new corona...

By The Financial District
Nov 12, 20241 min read


Australian Mining Tycoon Chris Ellison To Resign Amid Probe Into Undeclared Payments
Chris Ellison, founder of Mineral Resources Ltd., will step down as managing director following an internal probe that uncovered...

By The Financial District
Nov 11, 20241 min read


Nintendo Cuts 2024 Operating Profit Outlook On Weak Switch Sales
Nintendo Co. has lowered its operating profit forecast for the fiscal year ending March 2025 to 360 billion yen ($2.4 billion) from its...

By The Financial District
Nov 11, 20241 min read


Musk Loses Bid To Dismiss Ex-Twitter CEO’s Severance Claim
Elon Musk faced a significant setback in court over the compensation sought by the top Twitter Inc. executives he dismissed upon taking...

By The Financial District
Nov 11, 20241 min read


Oil Glut Reduces Industry’s Appeal
When there’s an excess of oil, as is currently the case, it becomes easier to identify strong performers.

By The Financial District
Nov 11, 20241 min read


South Korea Fines Meta $15-M For Illegally Collecting Facebook Users' Data
South Korea’s privacy watchdog has fined social media company Meta 21.6 billion won ($15 million) for illegally collecting sensitive...

By The Financial District
Nov 11, 20241 min read


Nvidia Passes Apple As World’s Largest Company: Bloomberg
Nvidia Corp. is now the largest company in the world, surpassing Apple Inc. and underscoring just how dominant artificial intelligence...

By The Financial District
Nov 11, 20241 min read


NHTSA Closes Probe Into 411,000 Ford SUVs Due To Power Loss
The U.S. safety regulator said that it has closed an investigation into an estimated 411,315 Ford SUVs and pickup trucks over a potential...

By The Financial District
Nov 11, 20241 min read


VW Cost-Cutting Necessary After "Decades Of Structural Problems," Says CEO
Volkswagen's planned cost-cutting program was essential to address “decades of structural problems” at the German automaker, CEO Oliver...

By The Financial District
Nov 11, 20241 min read


Ferrari’s Core Profit Rises 7% In Q3 Supported By Product Mix
ounced that its core earnings rose 7% in the third quarter, despite a slight decrease in vehicle shipments, as the luxury sports car maker..

By The Financial District
Nov 9, 20241 min read


Another U.S. Oil Refinery To Close As Lyondell Houston Plant Shuts Down
Chemical maker LyondellBasell Industries on Friday detailed its long-planned shutdown of its 263,776-barrel-per-day (bpd) Houston oil...

By The Financial District
Nov 9, 20241 min read


Aramco Posts Q3 Profits Of $27.5 Billion, Down 15% From A Year Earlier
Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as lower oil prices...

By The Financial District
Nov 9, 20241 min read


Unilever, Procter & Gamble Face Risks From Potential Mexico Tariffs
Procter & Gamble (P&G) and Unilever could face significant exposure if U.S. President-elect Donald Trump enacts tariffs on Mexico.

By The Financial District
Nov 9, 20241 min read


Shein, Temu Gear Up For 2026 UK Trial Over Copyright, Competition Claims
Online fast-fashion platforms Shein and Temu are preparing for a 2026 trial at London's High Court, with the rivals exchanging allegations..

By The Financial District
Nov 8, 20241 min read


EY Quits As Super Micro Computer Auditor
Super Micro Computer (SMCI), the maker of liquid-cooled artificial-intelligence (AI) servers, stated in a regulatory filing that its...

By The Financial District
Nov 8, 20241 min read


Megaworld 9-Month Income Hits ₱15.6 Billion
Megaworld, the country's pioneer township builder, reported strong nine-month and Q3 results as all key business segments showed growth.

By The Financial District
Nov 8, 20242 min read


ACEN Posts ₱8.14 Billion Income, Up By 24%
ACEN, the renewable energy unit of the Ayala group, reported a 24% year-over-year increase in consolidated income to P8.14 billion in the...

By The Financial District
Nov 8, 20242 min read


Berkshire’s Cash Soars To $325 Billion As Buffett Sells Apple, Bank of America Stocks
Warren Buffett and Berkshire Hathaway further reduced their stock holdings in the third quarter, cutting their stake in Apple and...

By The Financial District
Nov 7, 20241 min read


Walmart, Other U.S. Retailers Import Fewer Christmas Goods
Santa Claus is not delivering as many Christmas trees, toys, and decorations to the U.S. this year as in recent...

By The Financial District
Nov 7, 20241 min read


Honda Reports Lower Profits As China Sales Decline
Honda’s profits dropped nearly 20% in the first half of the fiscal year compared to the same period the previous year, impacted by weaker...

By The Financial District
Nov 7, 20241 min read


Apple Sells $46 Billion Worth Of iPhones Over The Summer
Apple snapped out of a recent iPhone sales slump during its summer quarter, an early sign that its efforts to revive demand for its...

By The Financial District
Nov 7, 20241 min read


PepsiCo Wins Dismissal Of New York's Lawsuit Over Plastics Pollution
PepsiCo won the dismissal of New York's lawsuit accusing the beverage and snack-food company of polluting the environment with single-use...

By The Financial District
Nov 6, 20241 min read


U.S. Music Titan Quincy Jones Dies At 91
Quincy Jones, the multi-talented music titan whose legacy includes producing Michael Jackson’s historic “Thriller” album, writing prize...

By The Financial District
Nov 6, 20241 min read
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