By The Financial District
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...
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By The Financial District
- 20 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
- 20 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
- 21 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
- 24 hours 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
- 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
- 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
- 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...
By The Financial District
- 4 days ago
- 2 min
SoKor Drifts Toward Recession As January 2023 Exports Plunge
South Korea's economy inched toward its first recession in three years as data showed its January trade deficit soared to a record thanks...
By The Financial District
- 4 days ago
- 1 min
Germany Launches €1 Billion Fund For Climate, Deeptech Startups
Germany has launched a new €1 billion fund for growth-stage companies focused on deeptech and climate tech, called the DeepTech & Climate...
By Lito U. Gagni
- 5 days ago
- 2 min
PSE Index Declines As Wall Street Gains
The Philippine Stock Exchange (PSE) index today declined below the 7,000-point level as investors cashed in their gains after the...
By The Financial District
- 5 days ago
- 2 min
French Protests vs Pension Age Hike Intensifies
A second wave of French protests and strikes is underway against President Emmanuel Macron's plans to raise the retirement age from 62 to...
By The Financial District
- 5 days ago
- 2 min
U.S. Wage Growth Skidded In Final Qtr Of 2022
Pay and benefits for America’s workers grew at a healthy but more gradual pace in the final three months of 2022, a third straight...
By The Financial District
- 5 days ago
- 2 min
IMF Upgrades Global Economic Outlook This Year
The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising...
By The Financial District
- 5 days ago
- 2 min
32% Of Small Japanese Businesses Can't Hike Wages Soon, Poll Shows
Thirty-two percent of small- and medium-sized businesses in Japan "will not" or "cannot" implement wage hikes anytime soon.
By The Financial District
- 5 days ago
- 1 min
Number Of Foreign Workers In Japan Rises To Record 182-M
The number of foreign workers in Japan at the end of October 2022 rose 5.5% from a year before to 1,822,725, hitting a record high for the..
By The Financial District
- 5 days ago
- 1 min
Pending Home Sales Rose Last Month, 1st Time Since May 2022
Pending home sales increased in December 2022 for the first time since May 2022, a sign that lower mortgage rates are bringing some buyers..
By The Financial District
- 5 days ago
- 2 min
U.S. Agency Notes 50% Hike In U.S. Arms Sales In 2022
The US Defense Security Cooperation Agency (DSCA) last year saw a big spike in the arms sales it administers, including arms purchased...
By The Financial District
- 5 days ago
- 1 min
Japan Power Companies Seek Up To 40% In Rate Hikes
Most major utilities have sought to raise their electricity rates by around 30 percent to over 40 percent for the next fiscal year, in a...
By The Financial District
- 6 days ago
- 1 min
Federal Reserve Expected To Raise Interest Rates A Tad Higher
The Federal Reserve is expected to raise its target interest rate by a quarter of a percentage point on Wednesday (Thursday, Feb. 2, 2023...
By The Financial District
- 6 days ago
- 1 min
Norway Wealth Fund Posts Record $164-B Loss
Norway's wealth fund, one of the world's largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022.
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