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PLDT Secures PHP4 Billion Green Loan From Metrobank For Nationwide Fiber Expansion
PLDT, the leading telecommunications network in the Philippines, has successfully secured a PHP4 billion Green Loan from Metrobank.

By The Financial District
May 7, 20241 min read


Atos Creditors Reach Deal to Rescue Debt-Laden French Firm
Creditors have brokered an agreement that could potentially salvage tech firm Atos, responsible for securing communications for the French..

By The Financial District
May 7, 20241 min read


Apex Mining Achieves Record Q1 Net Income Surge Of 55% To PHP852.7 Million
Apex Mining Company, Inc. has reported a significant milestone with a record consolidated net income of PHP852.7 million in the first...
By Reggie Vizmanos
May 7, 20242 min read


Apple Shares Surge On Record Buyback, Sales Growth Forecast
Apple's shares experienced a nearly 6% surge prior to trading following the announcement of the iPhone maker's unprecedented stock buyback..

By The Financial District
May 7, 20241 min read


Foxconn Forecasts Q2 Revenue Growth
Taiwan's Foxconn, a major player in contract electronics manufacturing and primary assembler of Apple's iPhone, reiterated expectations...

By The Financial District
May 7, 20241 min read


Prof’s Case vs. Meta Wants FB Users To Control Feeds
A lawsuit filed against Facebook parent Meta Platforms Inc. argues that a federal law often used to shield internet companies from...

By The Financial District
May 7, 20241 min read


Swiss Firm To Build $184-M Metal Casting Plant In Georgia
A Swiss company will build a plant in Georgia to manufacture lightweight parts cast from metal for vehicles and energy generation.

By The Financial District
May 7, 20241 min read


Rue21 Files For Bankruptcy; Will Close 540 Stores
Rue21, a mall staple for teen apparel, is going out of business and closing all 540 of its stores within the coming weeks.

By The Financial District
May 7, 20241 min read


Russia’s Gazprom Posts First Annual Loss In 20 Years
Kremlin-owned gas giant Gazprom plunged to a net loss of 629 billion rubles ($6.9 billion) in 2023, its first annual loss in more than 20...

By The Financial District
May 6, 20241 min read


Semirara Mining Q1 Income At ₱6.5-B
Integrated energy company Semirara Mining and Power Corporation (SMPC) saw its net income fall by 28 percent to P6.5 billion in the first...

By The Financial District
May 6, 20242 min read


AboitizPower Bolsters PH Renewable Energy Capacity
Amid tight energy supply conditions in the Philippines, Aboitiz Renewables, Inc. (ARI), the renewable energy arm of Aboitiz Power...

By The Financial District
May 6, 20242 min read


Sony Pictures, Equity Firm Keen On Buying Paramount For $26-B
Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion

By The Financial District
May 6, 20241 min read


BillEase Launches QRPh Integration
BillEase, a leading consumer finance app in the Philippines, has announced its integration with QRPh, the country's national QR code...

By The Financial District
May 6, 20242 min read


German Builders To Strike As Employers Reject Wage Hike
The German construction sector faces its first nationwide strike since 2002 after employers rejected a deal that independent negotiators...

By The Financial District
May 6, 20241 min read


Apple Announces Record $110 Billion Share Buyback
Apple reported first-quarter revenue of $90.8 billion, down 4% year-over-year, amid ongoing growth challenges, particularly in China.

By The Financial District
May 6, 20241 min read


U.S. Recalls 8 Tons Of Walmart Beef Over E. Coli Contamination
The US Department of Agriculture (USDA) issued a recall of more than 16,000 pounds of raw ground beef products due to concerns about...

By The Financial District
May 6, 20241 min read


Judge Dismisses Meta Shareholder Lawsuit Over Director Duties
A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the...

By The Financial District
May 6, 20241 min read


U.S. Oil Tycoon Accused Of Colluding With OPEC To Inflate Prices
Federal regulators allege that Scott Sheffield, founder and longtime CEO of a leading American oil producer, attempted to collude with...

By The Financial District
May 6, 20241 min read


Ford Recalls Maverick Pickups In U.S. Due To Faulty Tail Lights
Ford is recalling nearly 243,000 Maverick small pickup trucks in the US because the tail lights may not illuminate.

By The Financial District
May 6, 20241 min read


URC Reports Strong Sales And Net Income Growth In 1st Quarter Of 2024
Universal Robina Corporation (URC), a prominent player in the branded consumer foods industry, announced impressive sales and net income...
By Reggie Vizmanos
May 4, 20241 min read


Apple Braces For Sales Decline Amid Focus On AI In iPhones
Apple is expected to report its largest quarterly revenue decline in over a year as the tech giant grapples with slowing sales and...

By The Financial District
May 4, 20241 min read


AMD And Super Micro Stocks Tumble On Disappointing Earnings
Shares of Advanced Micro Devices (AMD) and Super Micro Computer plummeted following disappointing earnings reports, triggering a broader...

By The Financial District
May 4, 20241 min read


Americans View TikTok As Tool For Chinese Influence: Reuters Poll
A Reuters/Ipsos poll conducted in early May 2024 revealed that a majority of Americans believe TikTok, a popular short-video app owned by...

By The Financial District
May 4, 20241 min read


KKR Reports 20% Increase In Earnings Driven By Management Fees
Private equity firm KKR & Co. Inc. has announced a significant 20% year-on-year increase in its first-quarter adjusted net income, fueled...

By The Financial District
May 3, 20241 min read
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