By The Financial District
Allies Tackle Risky Russian Oil Price Cap As Winter Looms
US officials celebrated in early September when top allies agreed to back an audacious, never-before-tried plan to clamp down on Vladimir...
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By The Financial District
- 58 minutes ago
- 1 min
Opioid Crisis Cost The U.S. Nearly $1.5-Trillion In 2020
Fueled by the COVID-19 pandemic, the economic toll of the opioid addiction and overdose crisis in the US reached nearly $1.5 trillion in...
By The Financial District
- 1 day ago
- 1 min
Vietnam GDP Soars 13.67% In Q3 Due To Brisk Exports To U.S.
Vietnam's economy as measured by gross domestic product (GDP) grew 13.67% in real terms in the July-September period from a year earlier...
By The Financial District
- 2 days ago
- 1 min
Taiwan Says U.S.-Led 'Chip 4' Tackled Supply Chain Resilience
The United States has convened the first meeting of a working group of East Asian countries to discuss how to strengthen the semiconductor..
By The Financial District
- 2 days ago
- 2 min
Small Businesses Grumble As UK Pound Plunges, Import Prices Soar
Like many small business owners in Britain, Harry Niazi hoped for state help to keep his London fish and chip shop going in the face of...
By The Financial District
- 2 days ago
- 2 min
California Gov Okays Farm Workers Unionization Law
California Gov. Gavin Newsom joined about two dozen jubilant, cheering farmworkers camped outside the state Capitol Wednesday to sign one...
By The Financial District
- 2 days ago
- 2 min
PSE Index Hits New Bottom
The Philippine Stock Exchange (PSE) index today hit a new bottom as the global economy remains rattled by the pronouncement of the US Fed...
By The Financial District
- 3 days ago
- 2 min
Stocks Finish Mixed As Dow, S&P Hit Lowest Levels
So much for turnaround Tuesday on Wall Street. Stocks finished a volatile day mixed after rallying at the open.
By The Financial District
- 3 days ago
- 2 min
PSE Index Recovers
The Philippine Stock Exchange (PSE) today recovered almost half of its two-day losses with bargain hunting perking up share prices to...
By The Financial District
- 4 days ago
- 2 min
Truss Plan Pampers The Wealthy, Pushes Borrowers To Perdition
After tumbling to a record low against the dollar, the British pound stabilized Tuesday, rising more than 1% to $1.08.
By The Financial District
- 4 days ago
- 2 min
Asia's Riches Man Warns China Will Be 'Increasingly Isolated'
Indian billionaire Gautam Adani says that China “will feel increasingly isolated” and the “foremost champion of globalization” would find...
By The Financial District
- 4 days ago
- 2 min
Billionaire Investor Ray Dalio Slams UK Gov't For Tanking Markets
Ray Dalio has slammed UK leaders for tanking the British pound and government bonds this week. Investors panicked about an excessive...
By The Financial District
- 4 days ago
- 2 min
Russia's War In Ukraine To Cause A Loss Of $3.8-Trillion On The Global Economy
Russia's war in Ukraine will cause $2.8 trillion in global economic losses.
By The Financial District
- 4 days ago
- 1 min
Blast Detected Before Nord Stream Gas Pipeline Leaked
European countries on Tuesday raced to investigate unexplained leaks in two Russian gas pipelines running under the Baltic Sea near Sweden..
By The Financial District
- 4 days ago
- 1 min
Asian Markets Sag, Follow Wall Street Fall
Asian stocks fell Wednesday after another turbulent day for US markets, as investors continue to sell off amid fears of global inflation...
By The Financial District
- 4 days ago
- 2 min
PSE Index Scours Bottom
The Philippine Stock Exchange (PSE) index today scoured the bottom in a continuation of its big decline Tuesday with conglomerates losing...
By The Financial District
- 5 days ago
- 1 min
WB Sees Vietnam Beating China As Asia's Growth Leader
The World Bank (WB) has downgraded its annual growth forecast for the Asia-Pacific, a region buoyed by Vietnam's 7.2% expansion this year...
By The Financial District
- 5 days ago
- 2 min
Millions Of China's Homeowners Occupy Rotting Apartments
For six months, home for Ms. Xu has been a room in a high-rise apartment in Guilin City that she bought three years ago, attracted by...
By The Financial District
- 5 days ago
- 2 min
World Shares Inch Up As Dow Sinks Into Bear Market
World shares were mostly higher on Tuesday as buying kicked in after heavy selling on Wall Street put the Dow Jones Industrial Average...
By The Financial District
- 5 days ago
- 2 min
PSE Index Crumbles
The Philippine Stock Exchange (PSE) index today crumbled on a host of economic uncertainties with investors selling down their positions...
By The Financial District
- 6 days ago
- 2 min
World Shares Mixed, UK Pound Stumbles Over Tax Cuts
Global shares were mixed Monday while the British pound declined to an all-time low against the US dollar on concerns over planned tax cuts.
By The Financial District
- 6 days ago
- 2 min
UK Pound Sinks To Lowest Level vs U.S. Dollar
The British pound fell to a new record low against the US dollar of $1.035 on Monday, plummeting more than 4%.
By The Financial District
- 7 days ago
- 2 min
Global South Leaders Question UN, West On 'Multilateralism'
The United Nations (UN) was established on one simple notion above all others: Working together is better than going it alone.
By The Financial District
- 7 days ago
- 2 min
The West Poisoned Its Own Money, Ex-Greek Finance Chief Argues
When a factory wants to remove toxic waste, it charges a negative price for it: its managers pay someone to get rid of it.